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earnstyle [38]
3 years ago
14

The auditor should perform tests of controls when the auditor's assessment of the risks of material misstatement includes an exp

ectation of the operating effectiveness of internal control or when
Business
1 answer:
morpeh [17]3 years ago
5 0

The auditor should only perform tests of control when the procedure of which are substantive alone are not enough to provide sufficient evidence in which should be at the relevant assertion level and by that, the auditor should perform test on the controls.

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Blackmon Brothers law firm used 165 legal pads over the last three weeks (15 days). It takes them three days to get more, and th
jarptica [38.1K]

Answer:

55 legal pads.

Explanation:

The level at which Blackmon Brothers should order more legal pads is the re-order point.

The calculate re-order point, we require

Average daily usage

Delivery lead time

Safety stock is needed.

For Blackmon, Average daily usage will be 165 divided by 15 days

=165/15

=11 legal pads per day.

Lead time is 3 days

Formula for getting the re-order point

= (average daily usage x delivery time) + requires safety stock

For Black man

= (11 x 3)+ (11 x 2)

=33 + 22

=55 legal pads.

They should re-order when they have a balance of 55 legal pads.

4 0
3 years ago
Which of these is true about the cash cow?
laiz [17]

Answer:

d

Explanation:

Cash cow relates to a company investment in a low growth market with a high market share.....

5 0
3 years ago
A simple linear demand function may be stated as q = a - bp + ci where q is quantity demanded, p is the product price, and i is
erma4kov [3.2K]
Good quality.good products . good price mostly important income value
7 0
3 years ago
Examples of services are _____.<br><br> dentists<br> childcare<br> newspapers<br> personal computers
motikmotik

Personal computers

Sentence:

Examples of services are personal computers.

6 0
3 years ago
Help !!! It’s about how much money you will make by 65
JulijaS [17]

Answer: it doesn't matter.

Explanation:

It doesn't matter how much money you make along as you have money to support yourself

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3 years ago
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