1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
jeka57 [31]
1 year ago
6

the board of directors of kate's company recently hired an independent firm to review the state of the organization's security c

ontrols and certify those results to the board. what term best describes this engagement?
Business
1 answer:
lesya [120]1 year ago
7 0

<u>Audit</u> best describes this Engagement

  • A physical inventory check is followed by an auditor's review or inspection of various books of accounts to ensure that all departments are using the same documented procedure of documenting transactions. It's done to make sure the organization's financial accounts are accurate.
<h3><u>What does an audit have as its goal?</u></h3>
  • The goal of an audit is to make a conclusion regarding the financial statements' fairness and conformance to relevant accounting rules.
  • Payrolls, management accounts, bank statements, invoices, and receipts are a few examples of auditing proof..
  • Good auditing evidence must be ample, trustworthy, supplied from the right source, and pertinent to the audit at hand.

To Learn more Audit, Click the links.

brainly.com/question/14652228

brainly.com/question/22961626

#SPJ4

You might be interested in
Upon completing an aging analysis of accounts receivable, the accountant for Rosco Works prepared an aging of accounts receivabl
alisha [4.7K]

Answer:

the bad debt expense is $6,830

Explanation:

The computation of the bad debt expense is shown below:

= Estimated uncollectible amount + debit balance of allowance for doubtful accounts

= $6,300 + $530

= $6,830

Hence, the bad debt expense is $6,830

We simply added the above amount as it represent the bad debt amount

The same is to be considered  

6 0
3 years ago
thomas owes $438 on his credit card and was unable to pay more than the minimum payment of $20. unfortunately he mailed the paym
Kazeer [188]

Answer:

$575.82.

Explanation:

Since Thomas owes $ 438 on his credit card, but only paid the minimum of $ 20, his debt is now $ 418 (438 - 20). A late fee of $ 39 will be added to this value, which will raise said sum to $ 457 (418 + 39). In turn, the interest rate for unpaid card balances is 26% per month. Therefore, next month his balance will be $ 575.82 (457 x 1.26).

7 0
2 years ago
J&amp;J Foods wants to issue 5.4 percent preferred stock with a stated liquidating value of $100 a share. The company has determ
Studentka2010 [4]

Answer:

$65.85

Explanation:

Calculation for What should the offer price be

Using this formula

Offer price=(Preferred stock× Liquidating value)/Return

Let plug in the formula

Offer price = (0.054 × $100) / 0.082

Offer price=5.4/0.082

Offer price = $65.85

Therefore the offer price should be $65.85

3 0
3 years ago
5. Use excel?s irr function for this problem. Rancho cucamonga has a 6% cost of capital. The firm has an investment opportunity
BlackZzzverrR [31]

IRR function for this problem is 7. 7% and invest in the project

<h3>What is IRR function?</h3>

The Excel IRR function returns the internal rate of return (IRR) for a sequence of cash flows that occur at regular intervals. Determine the internal rate of return. Return was calculated as a percentage. =IRR (values, [guess])

IRR is the interest rate at which the sum of all cash flows equals zero, thus it is useful for comparing one investment to another. In the preceding example, if we substitute 8% with 13.92%, the NPV becomes 0, and your IRR becomes zero. As a result, IRR is defined as the discount rate at which a project's NPV becomes zero.

To know more about IRR function follow the link:

brainly.com/question/24301559

#SPJ4

8 0
1 year ago
A supplier of instrument gauge clusters uses a kanban system to control material flow. The gauge cluster housings are transporte
defon

Answer:

N=\frac{5*2(1+0.4)}{6}\\N=2.333\ kanban\\

Rounded to next  whole number:

N=3 kanban card sets

Explanation:

Given:

Number of gauges per hour=D=5 gauges per hour

Gauge cluster housing Transported=C=6

Hours for housing replenishment = T=2 hours

Safety Stock Percentage=P=40%

Find:

Number of kanban card sets needed=N=?

Solution:

Formula According to above mentioned Alphabets

N=\frac{D*T(1+P)}{C}

N=\frac{5*2(1+0.4)}{6}\\N=2.333\ kanban\\

Rounded to next  whole number:

N=3 kanban card sets

7 0
3 years ago
Other questions:
  • Solar Innovations Corporation bought a machine at the beginning of the year at a cost of $40,000. The estimated useful life was
    13·1 answer
  • Tanya buys a certain brand of soft drink only when she gets discount coupons for it. she discontinues purchasing it when the dis
    15·1 answer
  • Shahia Company bought a building for $88,000 cash and the land on which it was located for $117,000 cash. The company paid trans
    11·1 answer
  • The __________ method sets the promotion budget at a certain percentage of current or forecasted sales or as a percentage of the
    13·1 answer
  • In a free-market economy, firms face some degree of uncertainty, or risk. Some of this risk is controllable, and some is not. Id
    8·1 answer
  • The LIFO inventory cost flow assumes that the cost of the newest goods purchased are: A. assumed to be the first ones sold. B. a
    15·1 answer
  • Laura's Pizza Place incurs $800,000 per year in explicit costs and $100,000 in implicit costs. The restaurant earns $1.3 million
    11·1 answer
  • What is the expected return on a portfolio that has $100 invested in stock 1 with an expected return of 18.0% and $45 invested i
    5·1 answer
  • If you will become a manager or part of the management how will you implement the effective organizing strategies?​
    7·2 answers
  • What is the best hot water system to buy in Canberra?
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!