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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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Are used to describe the basic characteristics of study populations and other data sources.
scoundrel [369]
Statistics are used to describe the basic characteristics of study populations and other data sources.
5 0
4 years ago
fsa what percentage of your gross salary does the consumer financial protection bureau suggest your student loan payment be in o
grandymaker [24]

To maintain a low student loan repayment burden, the Consumer Financial Protection Bureau suggests student loan payments should not exceed 8% of your gross salary. A student loan is a form of loan that is intended to assist the students in paying for post-secondary education and associated fees such as tuition, books and supplies, and living expenses.

It may differ from the other forms of loans in that the interest rate is significantly lower and the re- payment plan is deferred while the student is still enrolled in the school. Many countries also have strong laws governing the  renegotiating and bankruptcy.

To learn more about loans, click here.

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3 0
1 year ago
Pacific Packaging's ROE last year was only 6%; but its management has developed a new operating plan that calls for a debt-to-ca
Flura [38]

Answer:

36%

Explanation:

For the computation of the company's return on equity first we need to follow some steps which is shown below:-

Step 1

Earnings before tax = EBIT - Interest

= $452,000 - $152,000

= $300,000

Step 2

Earnings after interest and taxes = Earnings before tax - Tax

= $300,000 - ($300,000 × 40%)

= $300,000 - $120,000

= $180,000

Step 3

Asset turnover ratio = Total revenue ÷ Total assets

3.6 = $4,000,000 ÷ Total assets

Total assets = $1,111,111.11

Step 4

Equity ratio = 1 - Debt ratio

= 1 - 0.55

= 0.45

Step 5

Total Equity = Equity ratio × Total assets

= 0.45 × $1,111,111.11

= $500,000

and finally

Return on Equity = Net income ÷ Equity

= $180,000 ÷ $500,000

= 0.36

or

= 36%

3 0
4 years ago
Expansionary monetary policy is more effective in an open economy because:.
Ivenika [448]

In an open economy, expansionary fiscal policy  increases in government spending can raise interest rates, which raises the dollar's value and pushes out net exports  is the reason of effectiveness Expansionary monetary policy.

<h3 /><h3>What is Expansionary monetary policy?</h3>

Expansionary policy, often known as loose policy, is a macroeconomic policy aimed at boosting economic growth.

Monetary or fiscal policy can both be used to expand the economy or a combination of the two.

It is part of Keynesian economics' overarching policy prescription for reducing the negative effects of economic cycles during slowdowns and recessions.

Thus, increases in government spending can raise interest rates is the reason of effectiveness Expansionary monetary policy.

For further details about the Expansionary monetary policy, click here:

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7 0
2 years ago
What does every letter in MANAGER mean. <br> M-<br> A-<br> N-<br> A-<br> G-<br> E-<br> R-
Dmitry [639]

Answer:

There is no full form of manager

5 0
4 years ago
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