To partially eliminate the problems that are associated with the short-term focus of return on investment, residual income, and EVA, the performance of a division's major investments is commonly evaluated through (E) post audits.
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What are post audits?</h3>
- The post-audit procedure establishes a formal process (feedback) for assessing whether existing initiatives should be continued, extended, or discontinued.
- That is, the post-audit gives useful information that can be used to fix problems before an investment's performance is jeopardized.
- The purpose of the post-audit review process is to ensure that management has addressed all of the recommendations given in the Audit Report.
- The Post-Audit Review occurs shortly after the agreed-upon implementation deadline, which management committed to in the management response.
Therefore, to partially eliminate the problems that are associated with the short-term focus of return on investment, residual income, and EVA, the performance of a division's major investments is commonly evaluated through (E) post audits.
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Answer:
A) Strengths
Explanation:
Having one of the best teams or a coach as the distinguished major-league player is the strength of the TEAM. This is the internal and growing strengths of the team players.This is a learning strength and can be used in every possible way to improve results or outputs. This is neither a weakness nor a threat.
Having the best players is the uniqueness of the team and having a coach as the distinguished major-league player is the strong management of the team where expert handles training.
Answer:
The correct answer was supposed to be $36,000 which is not in the given choices.
Explanation:
correct balance in the bank account
= As per bank statement balance - outstanding checks + deposit in transit + check erroneously charged
= $72,000 - $54,000 + $15,000 + $3,000
= $36,000
Answer:
There is no entry to be made on April 17, 2014
Explanation:
Following The accrual principle - an accounting concept that requires accounting transactions to be recorded in the time period in which they actually occur, rather than the period in which the cash flows related to them occur or the transaction are received.
On April 17, 2014, Naughton Ltd. received an order from a customer for a delivery to be made in May 2014 and the delivery does not occur yet on that day. I should be occur in May 2014.
Therefore, there is no entry to be made on April 17, 2014. In May, when the company finish delivering, the entry would be made:
1. Debit Cash (or Accounts Receivable) $11,000
Credit Revenue $11,000
2. Debit Cost of goods sold $7,500
Credit Cash $7,500
Answer:
a) $25 is the correct answer.
Explanation:
Those are the only three people in the community. Susie is willing to pay $25 and everyone else is willing to pay less than that.