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Tems11 [23]
4 years ago
8

The auditors principal objective when using a sample of tests of details of balances is whether the: A. account balance being au

dited is fairly stated. B. controls being tested are operating effectively. C. transactions and account balances being audited are fairly stated. D. transactions being audited are free of misstatements.
Business
2 answers:
ioda4 years ago
8 0

Answer:

A. account balance being audited is fairly stated.

Explanation:

The auditors principal objective when using a sample of tests of details of balances is to know whether the account balance being audited is fairly stated.

To select a sample size for substantive tests of balances, the auditor should consider a decrease in the tolerable misstatements in order to have a larger sample.

dybincka [34]4 years ago
3 0

Answer:

D) Transactions being audited are free of misstatements.

Explanation:

Sampling is the process of examining parts of data which can gain a reasonable assurance for a population. When auditor starts to use the sampling test, he believes the account statements are free from errors. All he has to do is just a faint crosschecking to make sure all data are free from materiality. In this type of test, account statements are usually without any form of mistakes. It shows the transactions made are real and has no traces of fraud of any kind.

Auditors may take up the sampling risk which refers to the risk that the auditor's report is inconclusive.

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sleet_krkn [62]
The answer is B. liabilities.
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4 years ago
You have just been hired by FAB Corporation, the manufacturer of a revolutionary new garage door opening device. The president h
lana [24]

Answer:

Explanation:

Variance analysis studies the relationship between actual and budgeted cost for business activities. Variance analysis helps the management in two ways;

  • Favorable
  • Unfavorable

Favorable - if the actual cost incurred is less than the budgeted cost, the difference amount is a saving for the company.

Unfavorable - if the actual cost is more than the budgeted cost, the difference is an extra expenditure for the company.

Flexible budget;

  • The flexible budget is prepared at different levels of volume that was initially projected by the master budget.
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The report showing the Activity and Spending  Variances for march is given in the file attached below, in other not to cause confusion. Thank you.

Download docx
3 0
4 years ago
One unit of A is made of three units of B, one unit of C and two units of D. B is composed of two units of E and one unit of D.
ycow [4]

Answer:

Check the explanation

Explanation:

The following are the given details:

Item  Leadtime   On hand Inventory Lot sizingcriteria Schedulereceipts

A             2                0                                   L4L                  10 in week 2

B             1                 0                                   LAL                       0

C             1                 10                                  50                       0

D             2                0                                   50                       0

E             1                 50                                200               50 in week 1

F             1                150                                L4L               50 in week 1

The Complete MRP schedule can be seen in the attached images below:

6 0
4 years ago
pat deposits $600 in a saving account at a simple interest rate of 6% per year for 5 years. How much money will pat have earned
g100num [7]

The money he would have earned as interest at the end of 5 years is $180.

<h3>How much interest would he have earned in 5 years?</h3>

Interest is the total amount that is earned in excess of the amount deposited. Interest is a function of the amount deposited, time and interest rate.

Interest = amount deposited x time x interest rate

$600 x 5 x 0.06 = $180

To learn more about interest, please check: brainly.com/question/26164549

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7 0
2 years ago
Read 2 more answers
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sveta [45]

Answer:

"Labor unions" seems to be the right approach.

Explanation:

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7 0
3 years ago
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