Answer:
The correct example of an analytical procedure is the comparison of A) financial ratios of the current year to previous year.
Explanation:
Analytical procedure is a type of financial audit process which is usually done by an auditor or a person who has extensive knowledge of the business and the industry. Through this process an auditor , is trying to understand the clients business and changes that are taking place in the industry , so that he or she can identify what are the potentially risky areas for the company.
In this process an auditor would compare the financial statements of the company with the source of information or with previous years financial statements to see what re the areas in which company has improved or needs to be improved.
So it won't be wrong to say that an example of analytical procedure would be comparing the financial ratios of current year to previous year.
The view that anticipated changes in the money supply will have no effect on the economy's output would most likely be a proposition of <u>quantity theory</u>.
In monetary economics, the quantity theory of money (regularly abbreviated as TQM) is one of the directions of Western monetary concepts that emerged within the sixteenth-17th centuries.
The TQM states that the general price degree of goods and offerings is at once proportional to the amount of money in the stream, or money delivers. As an example, if the amount of cash in an economy doubles, TQM predicts that fee ranges will also double.
The principle turned into firstly formulated via Renaissance mathematician Nicolaus Copernicus in 1517, and become influentially restated by means of philosophers John Locke, David Hume, and Jean Bodin. The idea experienced a massive surge in popularity with economists Anna Schwartz and Milton Friedman's book A monetary history of the US, posted in 1963.
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Answer:
depreciation expense 1,664 debit
accumlated depreciation 1,664 credit
-- to record depreication from Jan 1st to September 1 --
cash 10,920 debit
accumulated depreciation 10,400 debit
machinery 20,800 credit
gain at disposal 520 credit
--to record sale of equipment --
Explanation:
We calculate the depreciation from December 31th 2017 to September 1st 2018
2,496 x 8/12 = 1,664
this will be the depreciation for the year up to sale date.
accumulated depreciation: 10,400
<u>sale:</u>
10,920
<u>book value</u>
20,800 - 10,400 = 10,400
result at dispossal: 10,920 - 10,400 = 520
Deciding on an income usage would be useful.
Answer:
Material A = 234,000 lbs.
Material B = 39,000 lbs.
Explanation:
First we must determine how many units we have to manufacture:
expected sales + ending inventory - beginning inventory = 76,000 + 10,500 - 8,500 = 78,000 units to be manufactured
now we calculate the amount of direct materials used:
Material A: 78,000 units x 3 lbs. per unit = 234,000 lbs.
Material B: 78,000 units x 1/2 lb. per unit = 39,000 lbs.