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Yuri [45]
1 year ago
13

Ordinarily, which is the most significant audit objective and primary risk area for auditors in the examination of accounts paya

ble?
Business
1 answer:
Kisachek [45]1 year ago
8 0

Ordinarily, the most significant audit objective and primary risk area for auditors in the examination of accounts payable is:

Audit Objective: Completeness is the main goal of the accounts payable audit. Completeness suggests that the payable won't receive any significant future additions. Accounts payable are a significant source of operating cash flows in the drug wholesale industry because inventory turnover is very high.

Primary Risk Area:

1) Intentionally understated are expenses and accounts payable.

2) There are payments made to unsuitable vendors.

3 )Payments are made twice to vendors.

#SPJ4

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hums 202 Which of the following describes a consumer installment loan? A. A loan you get based on the tax refund that you expect
umka2103 [35]

Answer:

B. A loan that is repaid in equal monthly payments for a specific period of time, usually several years.

C. A loan where you have to promise to give the bank your assets if you do not repay the loan.

Explanation:

A Consumer installment loan is also known as a closed end credit. It is a form of loan whereby the consumers are expected to pay back in a regular manner usually monthly over a period of time which could span between one to  about forty years.

The loan is given based on how credit worthy the consumer is. Failure to pay back the loan after the stipulated time frame would result to the seizure of the consumer's property or assets by the lending institution. The lending institution could be a bank. A mortgage loan, and a car loan are examples of consumer installment loans.

6 0
2 years ago
SummerSnowman Industries' last dividend was $1.25. The dividend growth rate is expected to be constant at 15.0% for 3 years, aft
matrenka [14]

Answer:

$33.50

Explanation:

we can use the perpetual growth model to determine the price of the stock

the firm's stock price = ($1.25 x 1.15)/1.11 + ($1.25 x 1.15²)/1.11² + ($1.25 x 1.15³)/1.11³ + [($1.25 x 1.15³ x 1.06)/(11% - 6%)]/1.11³

the stock price in 3 years = ($1.25 x 1.15³ x 1.06)/(11% - 6%) = $40.30

the firm's stock price = ($1.25 x 1.15)/1.11 + ($1.25 x 1.15²)/1.11² + ($1.25 x 1.15³)/1.11³ + $40.30/1.11³ = $1.30 + $1.34 + $1.39 + $29.47 = $33.50

4 0
2 years ago
According to Laszlo Bock, Google believes in hiring the best talent from the start rather than hoping to develop mediocre talent
Harrizon [31]

Answer:

Training

Explanation:

Talent management strategy is a system adopted by Hr to attract , employee and retain efficient employees in order to maximize business performance.

Continuous training and development is a key talent management strategy used by most companies.

Googles strategy of hiring the best talent from the start rather than developing mediocre talent over time focuses more money on employee selection than training

5 0
3 years ago
Q3) At an output level of 45,000 units, you calculate that the degree of operating leverage is 2.79. If output rises to 48,000 u
Luden [163]

Answer:  18.6%

Explanation:

Degree of operating leverage =  % change in Operating cash flow / % change in output

% change in Output

= \frac{48,000 - 45,000}{45,000}

= 6.7%

Degree of operating leverage =  % change in Operating cash flow / % change in output

2.79 = % change in Operating cash flow/ 6.7%

% change in Operating cash flow = 2.79 * 6.7%

% change in Operating cash flow = 18.6%

5 0
3 years ago
It is likely that John chooses this oil company because of their ___ services
Shtirlitz [24]

it is likely that John chooses this oil company because of their good services

4 0
1 year ago
Read 2 more answers
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