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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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A company has a $4,000, 270-day, 6%, note payable recorded on its books which was dated July 2, 2013. The interest expense is pa
tensa zangetsu [6.8K]

Answer:

Interest expense accured = $121.33 (

Explanation:

The exact number of days from July 2 through December 31, 2013 is 182 days.

The accrued interest  (182/360) x $4,000 x 6% = $121.33

5 0
3 years ago
Last year, a toy manufacturer introduced a new toy truck that was a huge success. The company invested $2.50 million in a plasti
aev [14]

Answer:

P= 18

Explanation:

Giving the following information:

Fixed costs= 2,500,000 + 300,000= 2,800,000

Variable costs= 10 per unit

Estimated demand= 100,000 units

Break-even point= fixed costs/(P - variable cost)

100,000= 2800000/(P - 10)

100000*(P - 10)= 2,800,000

100000*P - 1,000,000= 2,800,000

100000P=1,800,000

P= 18

8 0
3 years ago
What effect does the change in the market for cripps pink apples have on the price of the apples and on the quantity supplied an
Anika [276]

Answer:

The change in the market for Cripps  is positively related with other apples.

Explanation:

The Cripps pink apples are the substitute to the other apples so there is a direct relationship between the price one commodity and the demand for its substitute commodity. Therefore, if the price of Cripps pink apples rises, then the demand for other apples will rise also because of substitute goods. Similarly, if the price fall, then the demand for other apples will also fall. Thus substitute goods encompass a positive relationship.

3 0
3 years ago
A market research survey is available for $10,000. Using a decision tree analysis, it is found that the expected monetary value
svet-max [94.6K]

Answer:

Therefore Expected Value of the information = $65,000+$62,000 - $10,000  = $117,000

Explanation:

If the market research survey is available for $10,000.

Using a decision tree analysis, it has been found that the expected monetary value with the survey is $65,000. The expected monetary value with no survey is $62,000.

<u>Then the expected value of the information from this sample is the expected value of each outcome and deducting the costs associated with the decision</u>

Therefore Expected Value of the information = $65,000+$62,000 - $10,000  = $117,000

7 0
3 years ago
Positive technological change in the production of LCD televisions caused the price of LCD televisions to fall. Holding everythi
Stels [109]

Answer:

A. The demand for Blu-ray players would increase and the equilibrium price of Blu-ray players would increase. 

Explanation:

Complement goods are goods that are demanded together. An increase in demand for one good would lead to an increase in demand for the other good.

If the price of LCDs falls, the quantity demanded would increase. This would lead to an increase in demand for the players too. The increase in demand for the players leads to a rise in price of the players.

I hope my answer helps you.

7 0
3 years ago
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