Why does the risk of incorrect rejection result in an efficiency loss to the auditor?

Task 1: Answer the following questions in your notebook

Minchanka [31]

Answer:

1. drug use can be harmful and also damages they way you think or do things for example if you have to much you feel like your going to pass out and do wierd actions.

2. some signs are you feel really tired and your eyes may want to close or you have to much and you feel like your fainting and if your around people you tend to act really badly and say where things

6 0

3 years ago

Read 2 more answers

What is not one of the five main catogories of risk faced by individuals?

kolbaska11 [484]

Answer:none

These are the categories of risk take by individual

Explanation:

Strategic Risk.

Compliance Risk.

Operational Risk.

Financial Risk.

Reputational Risk.

8 0

3 years ago

Nash's Trading Post, LLC uses the percentage of receivables basis to record bad debt expense and concludes that 3% of accounts r

skelet666 [1.2K]

Answer:

(a) Prepare the adjusting journal entry to record bad debt expense for the year with Allowance for Doubtful Account of $ 3,041

Dr Bad Debt Expenses $10,150

Cr Allowance for doubtful debt $10,150

(b) Prepare the adjusting journal entry to record bad debt expense for the year with Allowance for Doubtful Account of $ 918

Dr Bad Debt Expenses $14,109

Cr Allowance for doubtful debt $14,109

Explanation:

The Allowance for Doubtful Account will have the Balance of : 439,700 x 3% = $13,191

(a): Bad Debt Expenses needs to be recorded: 13,191 - 3,041 = $10,150

(b): Bad Debt Expenses needs to be recorded: 13,191 + 918 = $14,109

3 0

3 years ago

A company has net sales of $788,500 and cost of goods sold of $569,500. Its net income is $26,280. The company's gross margin

lidiya [134]

Answer:

Gross margin = $219,000

Operating income = $198,720

Explanation:

The computation of gross margin

and operating expenses is shown below:-

Gross margin = Net sales - Cost of goods sold

= $788,500 - $569,500

= $219,000

Net income = Gross margin - Operating expenses

$26,280 = $219,000 - Operating expenses

Operating expenses = $219,000 - $26,280

= $198,720

Therefore the gross margin is $219,000 and operating income is $198,720

We simply applied the above formulas

3 0

4 years ago

Marquez, the hotel manager, knows that the number of guests at his hotel has significantly decreased. Therefore, corporate has m

DiKsa [7]

Answer:

The correct answer is d. resource allocator.

Explanation:

One of its most obvious roles, since it includes functions related to the distribution of human and material resources in the company. Related to it would be incentive management, task planning and time spent on them, project management and authorizations.

4 0

4 years ago