Answer:
Explanation:
(a). Audit Procedure (b) . Audit Objective
1.a Take note of trading/order paperwork with the pension (b). Existence of investment/accounts.
2a. Movement of funds within accounts. (b. Examine plan document for investment objectives
3a.make sure that investments agree with plan objectives and allowed risk level (b. Take note of current investment holdings
4a. Make sure that funds are held at updated market fair value(mark to market) (b. Take note of contracts, meeting minutes etc. Confirm that purchases/sales have been approved and falls into plan polices
5a. Extra examination of any significant plan holdings (b. Verify existence and appropriate value . This is important if the plan invest in non-public assets , example is assets are private, equity.
Answer:
Income statement.
Explanation:
The financial statement that summarizes the profit-generating activities of a company during a particular period of time is the Income statement.
Income statement is one of the most important financial statement used to analyze the financial performance of the company. It show the revenue and expense of the company in the particular period of time. It help the management to understand the profitablity of the company during specified period of time. The other two important financial statement are Balance sheet and statement of cash flow.
Answer:
the company's markup percentage would be computed on the basis of: $45
Explanation:
Absorption Costing Treats Both the <em>Variable</em> and <em>Fixed</em> Manufacturing Costs as Product Costs.Non- Manufacturing Cost are treated as Period Costs or Expenses in period in which they are incurred.
Absorption manufacturing-cost pricing formulas establishes the <em>selling prices</em> of items by adding a <em>mark-up </em>on top of the absorption cost.
<u>Absorption Cost Calculation for Product Costing is as follows</u> :
Variable manufacturing cost $30
Fixed manufacturing overhead $15
Total Cost $45
Organizations with adhocracy cultures are described as
externally focused and valuing flexibility. Adhocracy is a corporate culture that shows
ability to adapt to change which shows how flexible an organization is. It is
also functions well in small group of organizations which focuses on innovations
of the company. Adhocracy shows the following characteristics of having low
procedure standards, work organization is only in specialized teams, and job
roles are not specified to make them flexible and work to any task that can be
assigned to them.
A deposit slip is a small paper form that a bank customer includes when depositing funds into a bank account. A deposit slip, by definition, contains the date, the name of the depositor, the depositor's account number, and the amounts being deposited
