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Anastaziya [24]
3 years ago
6

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

Business
1 answer:
Sever21 [200]3 years ago
8 0
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For businesses that gross in excess of $10 million per year, pro forma amounts are usually ________. rounded to the nearest ten
KatRina [158]

Answer:

rounded to the nearest ten thousand dollars

Explanation:

The term pro forma financial statements refers to a type of financial statement which estimates future financial results. It doesn't follow the GAAP, instead it is designed to focus on specific figures about a company's expected earnings. Although pro forma financials are only expected financial statements, it is still illegal to mislead investors using them.

5 0
3 years ago
Haver Company currently produces component RX5 for its sole product. The current cost per unit to manufacture the required 61,00
DanielleElmas [232]

Answer:

It is more convenient to produce in house.

Explanation:

Giving the following information:

Direct materials $ 4.00

Direct labor 8.00

Overhead 9.00

Total costs per unit $ 21.00

Direct materials and direct labor are 100% variable. The overhead is 80% fixed. An outside supplier has offered to supply the 61,000 units of RX5 for $19.00 per unit.

The fixed costs are unavoidable, therefore we will concentrate the analysis in the variable costs.

Make in house:

Unitary cost= 4 + 8 + (9*0.20)= $13.8

Buy= 19

Difference= 19 - 13.8= 5.2

It is more convenient to produce in house.

7 0
3 years ago
Never start a project unless all resources are available
Ilya [14]
Agreed! This is so true tho!
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What is the Urban Dictionary definition of Makenzie
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Makenzie's are so awesome, funny, athletic, sweet, kindhearted and you will always laugh whenever your around a Makenzie. Makenzies and the most coolest people in the whole world you have to know a Makenzie now.

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Many automobile companies have custom options available for disabled people.
bazaltina [42]
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