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Bogdan [553]
3 years ago
12

Analytical procedures are audit methods of evaluating financial statement accounts by studying and comparing relationships among

financial and nonfinancial data. The primary purpose of analytical procedures conducted during the planning stages is to:
Business
1 answer:
puteri [66]3 years ago
7 0

Answer:

identify conditions to be explored all the more altogether

Explanation:

Analytical procedures are used in reviews and are generally an important part in comparing data. Analytical procedures include correlations of various  monetary and operational data, to check whether authentic connections are proceeding ahead into the period under audit. It also helps to understand the client's business operations in detail, and it also assist in identifying the changes required.

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Ceteris paribus, if the corn crop is 15 percent larger this year than it was last year, farmers will have to ________ the price
Yuki888 [10]

Answer:

Reduce and  more than 15 percent

Explanation:

As Inelastic Demand state that the percentage change in quantity demanded is less than the percentage change in price. Therefore, if the crop is 15 percent higher, farmers will have to reduce the cost of corn by 15 percent to sell the new crop. We know that supply and price share an inverse relationship to reduce sales as supply increases and new crops grow.

7 0
3 years ago
For its three investment centers, Gerrard Company accumulates the following data: I II III Sales $2,060,000 $4,019,000 $4,085,00
Andrej [43]

Answer:

Investment centre           ROI

1                                    24.9%

II                                   32.0%

III                                 34.0%

Explanation:

<em>Return on Investment is the proportion of operating assets that an investment center earned as as net operating income. </em>

It is calculated as follows

ROI = operating income/operating assets

Investment centre

I                                            1,267,000/5,068,000=24.9%

II                                              2,579,840/8,062,000=32.0%

III                                          4,137,800/12,170,000=34.0%

7 0
3 years ago
Match the food technology with its definition
Wittaler [7]

More information is needed to completely answer your question

3 0
3 years ago
To be eligible for federal grants to pay for college, a student must _____.
Phantasy [73]
C. A student must complete the FAFSA before the deadline to be religionless for federal grants
5 0
3 years ago
If a cheese factory was interested in estimating the market potential for a new light cheese and estimated the potential by mult
marysya [2.9K]

Answer:

True

Explanation:

Generally, a chain-ratio method is a method of estimating the total amount of money to be spent on a particular business in order to achieve marketing targets. Based on the forecast of the factory and the decision to venture into the production of a new cheese product, the chain-ratio method is the best method for the estimation.

7 0
3 years ago
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