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Svetllana [295]
3 years ago
6

Which of the following best describes the role of analytical procedures near the end of the audit engagement? to gather evidence

to support one or more assertion(s related to the account balance or class of transactions. to provide an overall review of the financial information and assessment of the adequacy of evidence gathered during the audit engagement. to identify accounts that appear to be misstated with the intention of planning the nature, timing, and extent of other substantive procedures. to identify possible deficiencies in the client’s internal control over financial reporting?
Business
1 answer:
snow_lady [41]3 years ago
5 0
The answer is,

<span>To provide an overall review of the financial information and assessment of the adequacy of evidence gathered during the audit engagement

This choice will provide enough evidence as a financial information. The overall finance would give ll the needed dates of transactions.
</span>
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Zhang Company reported Cost of goods sold of $835,000, beginning Inventory of $37,200 and ending Inventory of $46,300. The avera
Lilit [14]

Answer:

Average inventory= $41,750

Explanation:

Giving the following information:

Beginning Inventory= $37,200

Ending Inventory= $46,300

<u>To calculate the average inventory, we need to use the following formula:</u>

Average inventory= (beginning inventory + ending inventory) / 2

Average inventory= (37,200 + 46,300) / 2

Average inventory= $41,750

6 0
3 years ago
Describe the factors that determine the amount you ultimately pay for borrowing money. How is it possible to reduce the amount y
Gnesinka [82]
It is by interest. You can reduce the amount you pay, by paying more. You can either go ahead and pay it all off, or pay extra when it is time to make a payment.
5 0
3 years ago
Read 2 more answers
Capalbo Corporation bases its predetermined overhead rate on the estimated labor-hours for the upcoming year. At the beginning o
aksik [14]

Answer:

Predetermined manufacturing overhead rate= $25.71 per direct labor hour

Explanation:

To calculate the predetermined manufacturing overhead rate we need to use the following formula:

<u>Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base</u>

Predetermined manufacturing overhead rate= (1,192,360 / 52,000) + 2.78

Predetermined manufacturing overhead rate= 22.93 + 2.78

Predetermined manufacturing overhead rate= $25.71 per direct labor hour

8 0
3 years ago
You manage an equity fund with an expected risk premium of 12.4% and a standard deviation of 38%. The rate on Treasury bills is
timama [110]
  • The expected return = = 12.84 %.
  • The standard deviation = 22.8 %.

<u>Explanation</u>:

On the client's portfolio (total investment = 120 K + 80 K = 200 K,  

  • The expected return

                    = (12.4 %risk premium + 5.4 %risk free return) \times (120 K / 200 K) + 5.4 % \times (80 K / 200 K)

                    = 17.8 % \times 0.6 + 5.4 % \times 0.4

                    = 12.84 %.

  • The standard deviation would be = 38 % \times 0.6 + 0% \times 0.4

                                                                  = 22.8 %.

4 0
3 years ago
What type of communication takes place when announcements in offices are made through public announcement systems?
lbvjy [14]
A or D



process of elimination..

B. (it’s verbal communication, not written)
C. (i highly doubt this is a possible answer.....but you are always willing to test that out for yourself)
E. (interpersonal is a conversation with oneself or “within a person”)

so now you’re left with A or D
3 0
3 years ago
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