Answer:
Assessing the allowance for uncollectible accounts for reasonableness.
Explanation:
Assessing the allowance for uncollectible accounts for reasonableness give the most assurance concerning the valuation assertion about accounts receivable as The term uncollectible accounts receivable is used to describe the portion of credit sales in accounts receivable the company does not expect to collect from a customer.
Uncollectible accounts is used in the valuation of accounts receivable, which appears on a company's balance sheet.
Answer:
B. good for Jon but bad for Tony
Explanation:
Before he went to college, Jon bought a car from his brother Tony. They agreed that Jon would pay Tony $10,000 when Jon graduated from college. While Jon was at college, inflation was higher than expected. Thinking only about the car transaction, this unexpectedly high inflation was<u> good for Jon but bad for Tony .</u>
Generally, inflation favors borrowers and hurts lenders. Technically, Jon is owing Tony $10,000.
With an inflation rate of 5% the value of that money depreciates to 95% of its real value because inflation rate depletes the real rate of money and is the biggest factor of lose of monetary value.
The money that Jon will eventually pay Tony will be lesser in value which is good for Jon and bad for Tony.
Answer:
the extent to which a product is recognized and bought by customers in a particular market.
Answer:
Mark- up = 26.05%
Explanation:
<em>Absorption costing is method of costing where overheads are charged to units produced using volume-based bases. e.g machine hours, labour hours e.t.c. Units are valued using full cost per unit </em>
Full cost per unit= Direct material cost + direct labor cost + variable manufacturing overhead + fixed manufacturing overhead
Note that the selling and administrative expenses are period cost which are not to be considered as production cost, hence they are excluded.
Full cost per unit= 34 + 27 +15 +43 = 119
ROI per unit/profit per unit = 31
Mark- up under absorption costing is profit expressed as a percentage of of the full cost.
Mark- up = 31/119 × 100 = 26.05%
Mark- up = 26.05%
The United States postal service is the largest.It employees over 760000 worker, making it the largest civilian employer in the US.<span>It also have more than 75000 pieces of mail processing equipment
Using tandard shipping containers and flat rate mailers will allow other mailing companies to be able to provide similar service as the postal service, which will lead to more competition in mailing market</span>