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Alex787 [66]
3 years ago
14

Auditors may use positive and/or negative forms of confirmation requests for accounts receivable. Of the following, which combin

ation is it most likely that the auditors will use?A. The positive form for small balances, and the negative form for large balances.B. The positive form used for large balances and the negative form for the small balances.C. The positive form used for trade receivables and the negative form for other receivables.D. The positive form when controls related to receivables are satisfactory, and the negative form when controls related to receivables are unsatisfactory.
Business
1 answer:
Alik [6]3 years ago
4 0

Answer:

B

Explanation:

A. Positive confirmation should always be used for large balances

C. Trade receivables is the overlying term for both account receivables and note receivables. There is no distinguish here between large and small balances.

D. The positive form should be used for receivables that are unsatisfactory.

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Your son is born today and you want to make him a millionaire by the time he is 50 years old. You deposit $50,000 in an investme
mel-nik [20]

Answer:

1000000= 50000 (1+ \frac{i}{1})^{1*50}

20 = (1+i)^{50}

20^{1/50} = 1+i

i = 20^{1/50} -1 = 0.0617

And if we convert this into % we got i = APR = 6.17 \%

See explanation below.

Explanation:

We assume that we have compounding interest.

For this case we can use the future value formula given by:

FV= PV (1+\frac{i}{n})^{nt}

Where:

FV represent the future value desired = 1000000

PV= represent the present value = 50000

i = the interest rate that we desire to find in fraction

n = number of times that the interest rate is compounding in 1 year, since the rate is annual then n=1

t = represent the number of years= 50 years

So then we have everything in order to replace and we got:

1000000= 50000 (1+ \frac{i}{1})^{1*50}

Now we can solve for the interest rate i like this:

20 = (1+i)^{50}

20^{1/50} = 1+i

i = 20^{1/50} -1 = 0.0617

And if we convert this into % we got i = APR = 6.17 \%

7 0
3 years ago
1. Improvements in technology.2. Increases in the supply (stock) of capital goods.3. Purchases of expanding output.4. Obtaining
polet [3.4K]

Answer:

1. Which set of items in the accompanying list would move an economy from a point inside its production possibilities curve to a point on its production possibilities curve?

a. 1, 2, 5, and 6 only.

2. More than 75% of the world's income is earned by what percentage of the world's population?

d. 5%.

Explanation:

The above options are the solutions to the  questions asked. In terms of the world's income, 5% of the world's population earns 75% of the world's income.

4 0
3 years ago
Samantha is preparing a presentation about using waste to create soil compost. She plans to include a video that demonstrates co
Morgarella [4.7K]

Answer:

I'm thinking C

Explanation:

This seems really written in a smart aleck way. It could be D also though.

8 0
3 years ago
Why is it important for the ALSA management team to understand the importance of social media in their work?
Bad White [126]

Answer: the ALSA management team must understand the importance of social media in their work because of globalization. People can work from one country to another country through social media. Through social media you can get answer to your problems at work quickly.

Explanation:

7 0
3 years ago
Read 2 more answers
_________ refers to the number of products or services that consumers will purchase at varying cost at a given time.
bulgar [2K]

Demand refers to the number of products or services that consumers will purchase at varying costs at a given time.

<h3>What is a Product?</h3>

A product is referred to as final or finished goods distributed in the market to serve the customers. This product can be both goods and services in which goods are tangible and services are intangible.

Demand is the number of goods or services that customers will buy at various price points at a particular time period. Demand for anything or service indicates that people prefer it and are capable of paying for it based on their needs and desires.

Learn more about a product, here:

brainly.com/question/13117735

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3 0
2 years ago
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