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alexira [117]
2 years ago
7

To determine whether accounts payable are complete, an auditor performs a test to verify that all merchandise received is record

ed. The population of documents for this test consists of all?
Business
1 answer:
Leto [7]2 years ago
5 0

To determine whether accounts payable are complete, an auditor performs a test to verify that all merchandise received is recorded. The population of documents for this test consists of all receiving reports.

<h3>What are receiving reports?</h3>

Receiving reposts is a kind of tool that is used to list, document or note all the transaction details of the businesses. It is generally updated and maintained by those employees of the staff who are responsible for receiving or accepting the delivery of goods.

Thus, an auditor runs a test to ensure that every item received is recorded in order to evaluate whether accounts payable are complete. The receiving reports are the population of documents for this test.

Learn more about receiving reports here:

brainly.com/question/14802834

#SPJ4

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A firm that is considering changing the colors used on its packaging wants to determine the effect of different color schemes on
maw [93]

Based on the information given the type of research is: Experimental research.

<h3>What is experimental research?</h3>

An experimental research can be defined as the research method that is carried out by researcher when they want to conduct a research about  an invention.

Researcher tend to make use of variables when conducting an  experimental research as this will help to give them the accurate result they are expecting after conducting the experiment.

Inconclusion the type of research is: Experimental research.

Learn more about experimental research here:brainly.com/question/19757430

8 0
2 years ago
LO 6.1Active Frame, Inc., manufactures clear and tinted sport glasses. The manufacturing of clear glasses takes 45,000 direct la
arlik [135]

Answer:

The correct answer is B.

Explanation:

Giving the following information:

The manufacturing of clear glasses takes 45,000 direct labor hours. The traditional method applies $560,000 of overhead based on direct labor hours.

We need to calculate the manufacturing overhead rate:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 560,000/(45,000 + 115,000)= $3.5 per direct labor hour

Now, we can allocate the overhead to clear glasses:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 3.5*45,000= $157,500

7 0
3 years ago
A company purchased a new delivery van at a cost of $44,000 on July 1. The delivery van is estimated to have a useful life of 5
Rainbow [258]

Answer:

$4080

Explanation:

Straight line method of depreciation is a method of calculating depreciation expense of an asset after years of usage.

Given;

Initial cost of asset = $44,000

Salvage value = $3,200

After five years the asset has depreciated by ($44000-$3200) i.e

$40800

Depreciable asset cost = $40,800 (after 5years)

To determine the depreciation amount recorded during the first year ending 31st December;

Since the van was purchased July 1 of that year, by December 31 of the same year, the van must have been used only for 6months i.e (0.5year)

Depreciation expense = year of usage/total useful life × depreciable cost of asset

Depreciation expense = 0.5/5×$40,800

Depreciation expense = $20,400/5

Depreciation expense = $4080

4 0
4 years ago
If a developing country wishes to attract mass tourism it must:
Blababa [14]

The correct answer is to provide numerous facilities based on the western standards of living. When a continuous developing country wishes to attract mass tourism, providing different facilities according to western standards boosts the chances of attracting more tourists, since tourists are easily attracted by western culture, because of their western setup or living.

4 0
4 years ago
Bridget, a single taxpayer, sold a building used in her business during the current year. The realized gain on the sale was $135
Marysya12 [62]

Answer:

$95,000 will be taxed at 25% and $40,000 will be taxed at 15%

Explanation:

(See attachment below for Long-term capital gains tax rate)

Depending on income and marital status, the long-term capital gains tax rates are 0%, 15% and 20% respectively.

Bridget is single and her realised gain is $135,000

Out of which $95,000 is unrecaptured Section 1250 gain.

The capital gain attracts 15%

(See attachment below)

The capital gain is calculated as

$135,000 - $95,000 = $40,000

The $95,000 will be taxed at 25% under the unrecaptured Section 1250 gain.

3 0
3 years ago
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