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4 years ago

What are key tests of controls / substantive tests for sales? what are you trying to validate? g?

1 answer:

6 0

Tests of controls and substantive tests for sales are types of tests used in an auditing system. The auditor is attempting to validate whether or not financial statements can be legitimized or whether or not they have failed in legitimacy. Tests of controls can include examining documents, whereas substantive tests include a test that looks for mistakes in financial balances or statements.

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A taxpayer places a $50,000 5-year recovery period asset in service in 2019. This is the only asset placed in service in 2019. A

Evgesh-ka [11]

Answer:$50000

Explanation:

Recovery period of the asset means that the company starts to realize its depreciation for the assets. In the recovery period the taxpayer will start to write off the asset with the depreciation value calculated using the useful years of the asset.

Half year convention means that the assets have been used for the first half of the year and the rest of the depreciation amount will be deductible at the end of the year. So the entire useful value of the asset is taken for the amount of cost of recovery in the year 2019.

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4 years ago

________ refers to how a company will create differentiated value for targeted segments and what positions it wants to occupy in

Sunny_sXe [5.5K]

Answer:

The correct answer is letter "D": Value proposition.

Explanation:

A Value Proposition is a guarantee of a special and relevant advantage from producers to consumers. The purpose of the value proposition of the business is to convey a reason for the consumer to buy from the business and to direct the company in making decisions that are consistent with this promise.

A concise value proposition will identify who the main customers are, what the problems of the customers are, what unique benefit the products of the company provide, and why this benefit is better for the customers than the advantages of the competitors.

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3 years ago

You have just purchased ten municipal bonds, each with a $1,000 par value, for $9,500. You purchased them immediately after the

larisa86 [58]

Answer:

$12,663.26

Explanation:

The computation of the minimum selling price is shown below

Semi-annual = 12% ÷ 2 = 6%

Semi-annual compounding periods = 5 × 2 = 10

Semi-annual coupon (for 10 bonds) = $10,000 × 6.6% x (1 ÷ 2) = $330

as we know that

We assume the selling price be S

Present worth (PW) of the bond= PW of future cash flows

$9,500 = $330 × P/A(6%, 10) + S × P/F(6%, 10)

$9,500 = $330 × 7.3601 + S × 0.5584

$9,500 = $2,428.83 + S × 0.5584

S × 0.5584 = $7,071.17

= $7,071.17 ÷ 0.5584

= $12,663.26

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3 years ago

Mauricio has decided to use a project management tool for this project. He wants the tool to be free and cloud-based so that the

Anvisha [2.4K]

Answer:

a) Apptivo

Explanation:

Apptivo is a cloud-based suite of applications designed to help small businesses manage a range of functions including financials, human resources and supply chain management.

Apptivo’s customer relationship management (CRM) applications provide modules for contact management, lead management, opportunity management and customer service ticket management. Marketing applications include campaign management, lead segmentation and loyalty management. Businesses can select necessary applications and omit applications they do not need.

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3 years ago

Read 2 more answers

Ariana and John, who file a joint return, have two dependent children, Kai and Angel. Kai is a freshman at State University and

mihalych1998 [28]

The amounts and types of education tax credits that Ariana and John can take without modified AGI limitation are as follows:

Amount of Education Tax Type of Education Tax Credits

For Kai $1,000 ($2,500 x 40%) The American Opportunity Credit

For Angel $1,560 ($7,800 x 20%) The Lifetime Learning Credit

Total tax credit = $2,560 ($1,000 + $1,560)

<h3>What are the American Opportunity Credit and the Lifetime Learning Credit?</h3>

Whereas the American Opportunity Credit (Kia's) covers only the first 4 years of post-secondary education at 40% of $2,500 per student because Kia is a half-time student, the Lifetime Learning Credit applies to graduate schooling (Angel's) and covers 20% of the first $10,000 paid for tuition.

We must note that no taxpayer can claim both the American Opportunity Credit and the Lifetime Learning Credit for the same student in the same tax year.

Thus, the total education tax credit that Ariana and John can claim for both Kai and Angel is $2,560.

Learn more about education tax credits at brainly.com/question/8166956

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2 years ago