All categories

3 years ago

An auditor assesses the risk of material misstatement because it

1 answer:

3 0

<span>Choice (d) is the most correct. When an auditor looks at the risks involved with possible misstatements (control risk and inherent risk), it helps him or her understand the detection risk that could stem from using the wrong procedures or making the wrong decisions during the audit.</span>

You might be interested in

Which of the following is not a good guideline to follow regarding the use of handouts?

masha68 [24]

Answer: C. Use a mix of serif and sans serif fonts for the text.

Explanation:

The good guideline to follow regarding the use of handouts are making sure that all elements are aligned appropriately with other elements, never distribute a handout after the beginning of a presentation and by making sure that the handouts have an obvious front door and clear pathway.

The option about using a mix of serif and sans serif fonts for the text is not good. This is because the preferred font is usually Times New Roman.

5 0

3 years ago

On July 1, 2017, the beginning of its fiscal year, Ridgedale County recorded gross property tax levies of $4,000,000. The county

Vladimir79 [104]

Answer:

Journal Entry

01 July Debit Taxes Receivable $4,000,000 Credit Allowance for uncollectible tax $200,000 Credit Revenue $3,800,000

30 April Debit Bank $3,710,000 Credit Taxes Receivables $3,710,000

Debit Interest and penalties on Unpaid Taxes $14,300 Credit Allowance for interests and penalties $1,600 Credit Revenue $12,700

30 June Debit Bank $56,600 Credit Tax Receivable $52,000 Credit Interest and taxes on unpaid taxes $4,600

Explanation:

Allowance for uncollectible tax = $4,000,000*5% =$200,000

Allowance for interests and penalties = 14,300 - 12,700 = 1,600

5 0

4 years ago

Gretchen offers $100 to anyone who can return her lost dog, Sparky. Haley returns the dog and requests the money. Gretchen says

Paraphin [41]

Answer:

A. Gretchen is incorrect because there is a binding bilateral contract.

Explanation:

Mainly there are two types of contract i.e unilateral contract and the bilateral contract.

The unilateral contract is the contract when the offer is made to the anyone

while the bilateral contract is the agreement in which the both parties are agreed and bind to perform his/ her obligations.

In the given case, it reflects the bilateral contract as the Haley returns the dog and he requested for the money from the Gretchen

3 0

4 years ago

Opportunity costs are classified as ____ costs in project analysis. multiple choice question. irrelevant sunk relevant intangibl

wolverine [178]

Opportunity costs are classified as sunk costs in project analysis. A sunk cost is a cost that has already occurred and cannot be recovered in the future. Sunk costs are costs that have already occurred and will remain the same regardless of the outcome of a decision-making; hence, they should not be addressed in capital budgeting.

Sunk costs are easy to get hung up on, especially when they are explicit costs. Direct payments paid to people in the course of running a business, such as labor, rent, and materials, are examples of explicit costs. Explicit costs that have already been incurred are sunk and no longer influence future decision-making.

To learn more about sunk costs, click here

brainly.com/question/20438089

#SPJ4

8 0

2 years ago

From the consumer’s perspective, the elements of an imc strategy can be viewed as being either.

NeX [460]

There are three components in any integrated marketing communication approach: the Consumer Being Targeted, the channels through which the statement is communicated, and evaluation of the results of the communication.

<h3> Integrated marketing </h3>

Integrated marketing is the process of unifying all elements of marketing communication — such as advertisement, PR, and social media — and utilizing their respective mix of media, channels, and tactics to produce a seamless and customer-centric experience.

Integrated marketing communications is the technique by which a company provides different promotional methods within a marketing campaign are clear, constant and working toward the same goal.

IMC strategy include:

Traditional and online earned media.
Advertising.
Online marketing including email marketing.
Content marketing and social media marketing.

To learn more about Integrated marketing visit the link

brainly.com/question/14691440

#SPJ4

7 0

2 years ago