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Brut [27]
3 years ago
8

Which of the following best represents a walkthrough a. The controller reviews the bank reconciliation prepared by the accountan

t and its resulting journal entries b. The auditor walks the production line to find inefficiencies in the inventory process and reports them to management c. The controller takes a sample of recorded write-offs to ensure they have been properly approved d. The auditor traces three purchasing transactions from the purchase order to the financial statement for observation and understanding.
Business
1 answer:
attashe74 [19]3 years ago
7 0

Answer: Option B

Explanation:A walk through can be defined as a session done by managers or other such concerned individuals of authority in the organisation. This is done with the objective to verify if there are any requirements that need to be fulfilled.

This process helps the organisation to solve the problem before it gets out of control.

Thus, from the above we can conclude that the correct option is B.

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Suppose Pete was looking for a job for so long that he decided to give up looking for a job altogether. Pete has decided to reti
fredd [130]

Answer: Marginally - attached worker

Explanation: While calculating the underemployment rate the government usually includes three groups these are : unemployed workers who are actively looking for work; involuntarily part-time workers and marginally attached workers who want and are available to work , but have given up actively looking.

Therefore Pete would lie under the category of<u><em> marginally attached worker  who want and are available to work , but have given up actively looking.</em></u>

<u><em /></u>

7 0
3 years ago
The market price of pomegranates is $2, and JoAnne sells 25 pomegranates at the local farmer's market. The total revenue is and
leva [86]

Answer:

$50 and $2

Explanation:

The computation of the total revenue and the marginal revenue is shown below:

Total revenue is

= Price ×  quantity

= $2 × 25

= $50

And, the marginal revenue is received collected from one unit i.e price of the one units that equivalent to $2

Hence, we simply applied the above formula to determine the total revenue and the marginal revenue

4 0
3 years ago
J has a whole life policy with a return of premium rider. Which of the following would best describe this rider?
mixas84 [53]

Answer:

The correct answer is:

A term rider on a permanent policy.

Explanation:

A return of premium rider refers to the case when the insured adds some additional clauses to the normal policy for an extra cost. A rider is obtained considering a specific period of time in which the policy would be paid to the beneficiaries in case of death, sickness or disability of the insured person. In case that the insured subject lives more than the pre-established period of time the amount that he paid for the return of premium rider would be given back to him. For example if J pays $50 monthly for a 30 years life term policy and he lives after that period of time, he will receive $18.000 at the end of the contract as a premium return.

4 0
3 years ago
Consider two firms producing smartphones. one uses a highly automated robotics process, while the other uses human workers on an
anastassius [24]
A. Which Firm will have Higher Profits in a Recession Period ?
During a recession period trade and industries are unsuccessful and there is allot of unemployment. During the period supply in the market and level of output in the company are likely to be  low. Robotic automated process seems to be relatively cheap under high production output in a firm. Also the cost of maintenance of machinery is quite high which the firm can`t cater for during the period. In this period human workers are more recommended as the cost of production will be accounted for due to small numbers of employees where the cost of wages and salaries is quite low.
B. Which Firm will have a Higher Profit During a Boom?
During a boom the industry experiences a period of economic success as demand in the market is high. Automated robotics process are machines and carry out their work with allot of efficiency. Compared to human beings they are relatively faster and more efficient. This will will help the industry meet its high level of production target. They also reduce the cost of production as their maintenance cost is low under large scale production. Human workers seem expensive during this period because cost of wages and salaries is subject per-head.
The Firm with a Higher Beta.
The automated robotics firm will have a higher beta  this is because the output will be high leading to increased supply and sale for better profitability. The robots will also function as an asset to the firm increasing the net worth to the company.
7 0
4 years ago
The City of South River budget for the fiscal year ended June 30, 2020, included an appropriation for the police department in t
Eduardwww [97]

Answer:

CITY OF SOUTH RIVER

APPROPRIATION (appr), EXPENDITURES (expend), AND ENCUMBRANCES (encum) LEDGER

GENERAL FUND: PUBLIC SAFETY - POLICE

MONTH: JULY, 2020

Tran

-  Refer  -  App  -     Encum  -   Expend  -  Unexpended App Balance

1       Budget   -8706000      -              -                     8706000

2    Purchase

      Orders

      issued          -         533000          -                     8173000

3   Invoice

   received and

   approved for

    payment        -          -496000       486000                8183000

4     Payrolls      -               -                  302000               7881000

5     Budget

   Revision     58000             -                -                         7823000

Total                8648000     37000          788000              7823000

3 0
3 years ago
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