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
crimeas [40]
2 years ago
8

Auditing :How to distinguish between test of control and substantive test

Business
1 answer:
Alenkinab [10]2 years ago
8 0
Test of controls is when you test controls surrounding a financial process . Substantive test are performed when one tests assertions surrounding a balance.
You might be interested in
Which has more elastic Supply in the short run, ice cream or oranges?
Cerrena [4.2K]
Ice Cream. E<span>lasticity is higher when the good are luxuries and ice cream has </span>to actually be made.
8 0
3 years ago
Predictive analytics is used for all of the following exceptâ:
Sindrei [870]

Answer: determining the best routes for product delivery.

Explanation:

Predictive analytics is designed I order to help determine the effects of changes that occurs in a business environment.

It can be used for establishing consumer credit scores, forecasting the safety of drivers, identifying the most profitable customers and also anticipating customer response to price changes.

It is not used for determining the best routes for product delivery.

6 0
2 years ago
On July 14 joseph invested $12000 in a fund that was growing at 5% compound semi annually
kramer

Answer:

$12,300

Explanation:

I will assume that Joseph invested in the fund on July 14, 2013.

We have to calculate the future value to March 15, 2014 (8 months later).

since the interest is compounded semi annually, it will earn interest on January  14, 2014.

Future value = $12,000 x (1 + 2.5%) = $12,300

since the fund is going to earn interests again on July 14, 2014, the value on march 14 is the same = $12,300

5 0
2 years ago
In 2016, Chaya Corporation, an accrual basis, calendar year taxpayer, provided services to clients andearned $25,000. The client
Artemon [7]

Answer:

$27,333.33

Explanation:

The computation of the amount of income reported is shown below:

= Provided services to the customer + Payment received × number of months ÷ given number of months

= $25,000 + $12,000 × 7 months ÷ 36 months

= $25,000 + $2,333.33

= $27,333.33

The seven months is calculated from the June 1 to December 31. We assume the books are closed on December 31

7 0
2 years ago
Suppose OPEC oil cartel announces that it will increase production of oil. Using supply and demand analysis to predict the effec
NISA [10]

Answer:

The first step is to show where the supply curve will shift, and in this case, the supply curve will shift to the right.

This is because OPEC has decided to increase oil production, or in other words, it has decided to shift the oil supply to the right. After this, the equilibrium price will probably fall, unless demand also rises proportionally.

8 0
3 years ago
Other questions:
  • Michael has a credit limit and a balance of $3,000 on his Visa card. His car broke down, he charged the $500 repairs to his Visa
    15·1 answer
  • Live Easy, Inc., specializes in dietary supplements that address the specific needs of women over the age of sixty, such as bone
    6·1 answer
  • stock that has a current price of $25.00, a beta of 1.25, and a dividend yield of 6%. If the Treasury bill yield is 5% and the m
    10·1 answer
  • A large multinational organization formed from mergers and acquisitions experienced a lot of disruptive behaviors at all levels.
    13·1 answer
  • During a year, Mark’s monthly sales compensation ranged between $15,500 and $20,900 per month and units sold ranged between 1,10
    14·1 answer
  • The Gorman Group issued $970,000 of 13% bonds on June 30, 2021, for $1,042,973. The bonds were dated on June 30 and mature on Ju
    11·1 answer
  • Whistle Stop pays a constant annual dividend of $4 on its stock. The company will maintain this dividend for the next 3 years an
    6·1 answer
  • The idea of rational expectations suggests that :_________
    11·1 answer
  • In economics, the forces of___________________and__________________ determine the ____________________ in the market. Group of a
    6·2 answers
  • Pitman Company is a small but growing manufacturer of telecommunications equipment. The company has no sales force of its own; r
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!