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1 year ago

Which audit procedure is most effective in testing credit sales for overstatement?

1 answer:

4 0

The audit procedure that is most effective in testing credit sales for overstatement is vouching a sample of recorded sales from the sales journal to shipping documents.

<h3>What is an overstatement?</h3>

In accounting, If an account or a figure on an account is overstated, it means that the amount that is reported on the financial statement is more than it should be.

Hence, in order to correct such errors, the audit procedure that is most effective in testing credit sales for overstatement is vouching a sample of recorded sales from the sales journal to shipping documents.

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Which of the following categories of persons are usually notentitled to healthcare at the government's expense?

Alika [10]

Answer:

The correct answer is letter "A": Suspects who are being questioned by police.

Explanation:

Suspects of a crime are people who the police believe guilty of an offense based on information they have gathered that may prove that people are at fault, yet, guilt has not been proven. During a questionnaire, suspects are not the responsibility of the government. Then, in front of any medical issue caused during the interview, the suspect will have to handle the coverage of the assistance expense with <em>his or her insurance</em>.

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2 years ago

A firm pays Pam $40 per hour to assemble personal computers. Each day, Pam can assemble 4 computers if she works 1 hour, 7 compu

kherson [118]

Answer:

$1,840

Explanation:

In order to calculate the Marginal cost of producing the computers in 2nd hour of work, we need to add the marginal cost of computer and marginal cost of wage in the 2nd hour of work.

MC = MC(computers) + MC(wage)

MC = $1,800(w) + $40

MC = $1,840

Working

MC (computers ) = 3 x 600$ = $1,800

hour computers assembled

1st 4

2nd 7

If pam works 2 hours she can assemble 7 computers but she already assembled 4 computers in 1st hour.

So the 2nd-hour computers will be 3 ( 7 - 4) computers.

4 0

2 years ago

Wyckam Manufacturing Inc. has provided the following information concerning its manufacturing costs:

kicyunya [14]

Answer:

Total Manufacturing Costs is $95,680

Explanation:

Wyckam Manufacturing Inc.

Planning Budget for Manufacturing costs

For the month Ended June 30

Direct Materials (4,200 hours *$5.40) $22,680

Direct Labor Fixed $42,400

Supplies (4,200 hours * $0.25 ) $1,050

Utilities ($1,700+ 4,200 Hours * $0.25) $2,750

Depreciation Fixed $15,200

Insurance Fixed $11,600

Total Manufacturing Costs $95,680

7 0

2 years ago

A fiscal policy that is designed to slow the rate of economic growth will, ceteris paribus: increase aggregate demand. increase

levacccp [35]

Answer:

Increase aggregate demand.

Explanation:

A fiscal policy that is designed to slow the rate of economic growth will, ceteris paribus increase aggregate demand. This policy is also known as the contractionary policy.

The basic function of this policy is to slow the economic growth and basically try to flatten out the rate of inflation. It also effects the aggregate demand, the graph of which shifts to the right, meaning triggering an increase. This is done because the long term effects of inflation can effect the standard of living as recession would.

3 0

2 years ago

What two things should Zara keep in mind to make sure that the food her restaurant serves is free of chemical contaminants?

aivan3 [116]

Don’t keep food near cleaning liquids

Don’t spray sanitizer near any food items

(May be wrong, don’t hate)

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2 years ago