I not sure I think it is B
Answer:
States audit provides reasonable basis for the opinion.
Explanation:
The auditor performs the audit to assure certain things about the financial statements of the company. As like:
- The financial statements represent true and fair view of the affairs of the company.
- There is no false presentation in the company's financial statements.
- The company complies with all the presentation standards for financial statements as stated by US GAAP.
This assures that the audit of financial statements do not provide any basis of opinion, rather the auditor presents his opinion on financial statements.
Answer:
Selling price= $84
Explanation:
The absorption costing method includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.
<u>The variable costing method incorporates all variable production costs (direct material, direct labor, and variable overhead).</u>
<u></u>
Unitary cost= varaible manufacturing cost + fixed manufacturing cost
Unitary cost= 44 + 22= $66
Selling price= 66 + 18
Selling price= $84
Answer: Project B
Explanation:
To find out the project that should be accepted based on the discount rate and the cut-off discounted payback periods, find the present value of the three year cashflows of each project. If it is larger than the initial investment then it should be accepted:
Project A
= 3,000 / (1 + 12%) + 7,000 / (1 + 10%)² + 10,000 / (1 + 12%)³
= $15,376.73
<em>Project A's present value is less than the initial investment of $18,000 so it </em><u><em>should not be chosen.</em></u>
<em />
Project B
= 3,000 / (1 + 12%) + 7,000 / (1 + 10%)² + 15,000 / (1 + 12%)³
= $18,935.63
<em>Project B's present value is larger than the initial investment of $18,000 so i</em><u><em>t should be chosen. </em></u>
Answer:
The correct answer is A.
Explanation:
Giving the following information:
Final value= 1,560,000
n= 3*12= 36 months
i= 0.038/12= 0.0031667
To calculate the annual deposit needed we need to use the following version of the final value formula:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
A=(1,560,000*0.0031667) / [(1.0031667^36)-1]= $40,849