The interest accrued on $7,500 at 6% for 90 days is:

Which of the following characteristics would lead the auditor to assess control risk at a higher level?a. It is difficult for th

Yuri [45]

Answer:

E. All of the above.

3 0

3 years ago

Intermediaries are defined as Multiple Choice companies responsible for developing products to sell to businesses. organizations

weqwewe [10]

Answer:

organizations that are in the middle of a series of organizations that distribute goods from producers to consumers.

Explanation:

Intermediaries can be described as middlemen. They enhance the flow of goods and services between the producer and the consumer.

They are organizations that are in the middle of a series of organizations that distribute goods from producers to consumers.

Types of Intermediaries

agents
wholesalers
distributors
retailers.

Advantages of Intermediaries

They increase efficiency of the distribution process
they provide logistics support

Disadvantage of Intermediaries

they can increase the cost of a good

6 0

3 years ago

If you are including a copy of your résumé with your cover letter, you should type _____ as the last word on your cover letter.

Fed [463]

P.S

Though including a P.S. on your cover letter may at first seem unprofessional, it actually stands for Post Script, and should be on the cover letter.

4 0

3 years ago

Turnadot & Sons is a small wholesaler of decorative cast iron objects. The following events, related to a special customer o

Katena32 [7]

Answer:

Gross Margin = $6,000

Explanation:

Gross margin refers to the Sales price - Direct cost associated with the product.

Here, Sales Value = 200 outdoor planters for $50 each = $50 $\times$ 200 = $10,000

Cost associated with this outdoor planters = Purchase cost as paid to supplier = $4,000

Thus, gross margin = $10,000 - $4,000 = $6,000

Note: Time period and dates provided for such sales and collection of amount or payment to supplier is of no relevance.

Final Answer

Gross Margin = $6,000

4 0

3 years ago

Use the following balance sheet and cash flow statement information to answer the questions below. Liquid assets: $10,000; home

Ilya [14]

Answer:

(a) Liquidity ratio for individuals

basic liquidity ratio = cash assets / monthly expenses = $10,000 / $6,000 = 1.67

Depending on the maturity of the investment assets, the liquidity ratio could increase, but since the information is limited, we can only consider liquid assets. E.g. if the investment assets include bonds that mature in a very short term they should be included in this formula, but if they include bonds that mature in x number of years, then they aren't included.

(b) Asset-to-debt ratio :

generally the formula is debt to asset ratio = $175,500 / $330,000 = 0.53

but here we are asked to find asset to debt = $330,000 / $175,500 = 1.88

(c) Debt service-to-income ratio

debt service to income ratio = monthly payments / gross income = ($250 + $2,100) / $9,000 = $2,350 / $9,000 = 0.26

(d) Debt payments-to-disposable income ratio

debt payments to disposable income ratio = monthly payments / disposable income = ($250 + $2,100) / $6,800 = $2,350 / $6,800 = 0.35

4 0

3 years ago