1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Jlenok [28]
3 years ago
7

What factors might have caused the auditor to inappropriately accept the assertions by management that the vendor allowances sho

uld be reflected in the financial statements?
Business
1 answer:
Korvikt [17]3 years ago
6 0
Auditors may be inclined to accept client representations because of a natural bias to want <span>to trust the client.
Before doing the auditing process, auditor usually receive a small briefing from the management team on the financial system that they use in recording their transactions. </span>If these allowances had been used in the past the auditor<span> may have been inclined to accept them as regular business practices</span>
You might be interested in
A dot plot titled Miles Emilia Ran Each Week going from 1 to 6. 1 has 2 dots, 2 has 3 dots, 3 has 2 dots, 4 has 2 dots, 5 has 3
ipn [44]

Answer:

The true statement is " The spread is from 1 to 6."

Explanation:

Consider the provide information.

First we will draw the dot plot as shown in the figure.

Now consider the options.

The data is not symmetric as for the symmetry the dots over 1 should be equal to the dots over 6. i.e 4.

Now find the center of the data by calculation the median of the data.

There are 16 dots in total which is an even number.

So, now we will find the average of the two middle values.

This will be the 8th and 9th value average for the given data set of 16 values.

Count from left to right the 8th and 9th values are both 4.

\text{Median}=\frac{4+4}{2}

\text{Median}=4

Hence, the center of the data is 4.

The second statement is false.

The peak of the data is at 6.

The third statement is false.

The spread is from 1 to 6 as we can see in the figure shown below.

Therefore, the true statement is " The spread is from 1 to 6."

8 0
3 years ago
Read 2 more answers
An airline company must plan its fleet capacity and its long-term schedule of aircraft usage. For one flight segment, the averag
tresset_1 [31]

Answer:

112 customers per day

Explanation:

For computing the needed capacity requirement, first we have to find out the new utilization rate which is shown below:

Capacity cushion = 100% - average utilization rate

25% = 100% - average utilization rate  

So, the average utilization rate is 75%

Now the needed capacity requirement is

Utilization rate = Average output rate ÷ Maximum capacity × 100

75% = 84 ÷  Maximum capacity × 100

So, the maximum capacity is 112 customers per day

We simply applied the above formula to determine the needed capacity requirement

8 0
3 years ago
The first US Airline:
olga2289 [7]

Answer:

Western Air Express

5 0
3 years ago
Read 2 more answers
Kellen orders 1,000 pounds of strawberries from Lucy so he can make his famous strawberry sundaes at his ice cream store. Lucy s
Zanzabum

Answer:

B. Rescission and Restitution

Explanation:

4 0
3 years ago
Metallica Bearings, Inc., is a young start-up company. No dividends will be paid on the stock over the next nine years because t
dimulka [17.4K]

Answer:

$51.25

Explanation:

P9 = Next dividend / Required rate r - Growth rate g

P9 = $15 / 14% - 5%

P9 = $15 / 9%

P9 = $166.67

Po = P9 / (1 - Required rate of return)^9

Po = $166.67 / (1 + 0.14)^9

Po = $166.67 / 3.2519

Po = $51.25

So, the current stock price is $51.25.

8 0
3 years ago
Other questions:
  • New investors may want to consider _______ funds, which are mutual funds that invest in one particular kind of stock or a partic
    13·1 answer
  • Managers need to be aware of exit and neglect behaviors in response to dissatisfaction because they impose a negative influence
    14·1 answer
  • Explain why income property cash flow is not the same as taxable income. Property cash flow usually differs from property taxabl
    8·1 answer
  • A stockbroker predicts whether a stock will go up or down by tossing a coin and so has a 50% chance of making a correct predicti
    12·1 answer
  • For this assignment, choose from any two categories products that are at different product life cycle stages. Identify the produ
    7·1 answer
  • On December 31, 2021, when its Allowance for Doubtful Accounts had a debit balance of $1,529, Metlock, Inc. estimates that 7% of
    13·2 answers
  • Comcast is advertising a new paperless statement program. With a few clicks of the mouse, you can now get your statements, pay i
    9·2 answers
  • A real estate agent is considering changing her land line phone plan. There are three plans to choose from, all of which involve
    12·1 answer
  • The stage in the product life cycle when competitors enter the market is known as the _____ stage. Select one: a. Maturity b. Gr
    12·2 answers
  • Technology does not necessarily result in better decisions, because the information produced may not support the information req
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!