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ExtremeBDS [4]
2 years ago
6

In the study of internal control, the auditor uses sampling to compare the __________ to the __________.

Business
1 answer:
Arturiano [62]2 years ago
5 0

In the study of internal control, the auditor uses sampling to compare the adjusted estimate of the deviation rate to the tolerable rate of deviation.

How Do Internal Controls Work?

A plan of structure, processes, and records that are concerned with the security of assets and the accuracy of financial records are together referred to as internal controls.

Fundamentals of Internal Control Systems

A firm's unique information requirements should be taken into account when designing an internal control system. As a result, the system might be anything from a straightforward manual system to a sophisticated computerized online system with remote terminals dispersed all over the nation. The accounting system must process data effectively, precisely, and promptly whether it is electronic or manual. An internal control system that has been carefully thought out is at the core of any well-designed accounting system.

Protecting the assets under management's control is one of their main duties.

to know more about  Internal Control Systems

brainly.com/question/26398073

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Durango Co. pays 40% of its accounts payable in the month of purchase and 60% the following month. Durango Co. expects to purcha
gregori [183]

Answer:

The amount of $64,000 which is should be D (Durango) budget for cash disbursement for the inventory in the month of November

Explanation:

The amount which is should be D budget for cash disbursement for the inventory in the month of November is as:

Amount = 60% of purchase of October + 40% of purchases of November

where

60% of purchase of October = 60% × $40,000

= $24,000

60% of purchase of October = 40% × $100,000

= $40,000

So, putting the values above:

Amount = $24,000 + $40,000

Amount = $64,000

7 0
4 years ago
Two plumbers received a job. at first, one of the plumbers worked alone for 1 hour, and then they worked together for the next 4
nika2105 [10]

Answer:

The first worker complete the job in 25 days himself

The second worker complete the job in 20 days himself

Explanation:

r1= rate of work done by first worker

r2=rate of work done by second worker

W= total work done

t days= time taken by the 1st worker to complete the job

r1(t)=W

r1=W/t (1)

Then the time taken by the 2nd worker to complete the job is t-5 days.

r2(t−5)=W

r2=W/(t−5) (2)

If 1st worker do the job for 1 hour and then both the worker do the job for 4 hours and 40% work is done, So

r1(1)+(r1+r2)(4)=4W/10

r1+4r1+4r2=4W/10

5r1+4r2=4W/10 (3)

Substitute equation 1 and 2 into (3)

5W/t+4{W/(t−5)}=4W/10

Multiply through by 10(t-5)

5/t+4/t−5=4/10

5(10)(t−5)+4(10)(t)=4(t−5)(t)

50t−250+40t=4t^2−20t

4t^2−110t+250=0

Solving the above quadratic equation using factorization method

4t^2−100t−10t+250=0

4t(t−25)−10(t−25)=0

(t−25)(4t−10)=0

t=25 or t=2.5

2.5 can't be the answer because if we take 2.5 days in which 1st worker completes the work, then the second worker will complete the work in -2.5days which is wrong.

The first worker completes the job in 25 days by himself and the second worker completes the job in 20 days by himself.

4 0
3 years ago
Read 2 more answers
Mckerchie Inc. manufactures industrial components. One of its products, which is used in the construction of industrial air cond
sweet [91]

Answer:

The minimum price which the company should not go below is $26.00

Explanation:

The minimum price which the company should not go below is the price which covers all cost of manufacturing and non-manufacturing to meeting the special, one-time-only order.

Thus we need to calculate the per unit cost of the special order.

<u>Unit cost of the special order</u>

Direct materials                                 $ 13.00

Direct labor                                         $ 7.00

Variable manufacturing overhead    $ 6.00

Total Cost                                           $26.00

Note

All fixed cost are<em> irrelevant</em> in this calculation as the cost would be incurred whether or not the special order is accepted.

Also the question specifically mentioned that "There would be no variable selling expense on this special order" We need not to include any variable selling expense

8 0
3 years ago
Magnira Inc. is trying to promote its cosmetics. It offers discounts to customers who post about its products' benefits in their
Assoli18 [71]

Answer:

Word of Mouth.

Explanation:

As Magnira Inc. is trying to promote its cosmetics. It offers discounts to customers who post about its products' benefits in their social media accounts. This enables others to know about the company's products. In this case, customers of Magnira Inc. are involved in word of mouth. Word of mouth is considered as more authentic, valid and reliable source of information for the customers. Customers truly believe that its more genuine kind of information which is coming from the customers not the company itself, therefore, customer pay more attention to it and give more weightage to it. Customers do not believe much on the advertisement because they know that ads are being aired by the company itself and it is the paid from but word of mouth are the true and genuine comments and feedback of the customers who have used the brand by themselves.

3 0
4 years ago
Synergies arise when one or more of a diversified company's business units are able to lower costs because they can more effecti
vladimir1956 [14]

Answer:

Economies of scope

Explanation:

Economies of scope -

The meaning of the term economies of scope is the reduction in the cost of a particular product due to the production of some similar product .

It refers to the situation where the marginal cost of the company or organization reduces , because of some production of the complimentary services or goods , is referred to as economics of scope .

Hence , from the given scenario of the question ,

The correct answer is Economies of scope .

8 0
3 years ago
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