FALSE. Pay down the credit card, 100%, FIRST because it's probably the most expensive credit you have. Don't put things on the credit card that you won't be able to pay for this month.
The auditors' responsibility to communicate findings with respect to fraud can best be summarized as: Communicate to the audit committee both material and immaterial amounts of fraud that are detected. This is further explained below.
<h3>What is auditors?</h3>
Generally, An auditor is a person qualified to examine financial documents, confirm their correctness, and make sure businesses are following tax regulations.
In conclusion, the Auditors' duty to report fraud-related discoveries is summed up as follows. Any identified fraud, no matter how little, should be reported to the audit committee.
Read more about auditors
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Answer:
$5100
Explanation:
The cost of the inventory in $25000 and the cost of shipping it to the consignee, $500.
The cost of marketing brochures an comissions are recognized as expense and do not affect inventory. If 80% of the inventory was sold, 20% remains, which will have a carrying value of $25,500 X 20% = $5100
Answer:
a) Sub total of Kevin's order = $49.99
b) Total of Kevin's order = $62.99
Explanation:
In an invoice, the subtotal for a person's transaction of order is the sum of the item only without the addition of taxes, shipping, credit card fees(if they order and pay for the item online), discounts e.t.c
The total amount for the purchase of an order is the sum total which includes cost of the goods, discounts, taxes, shipping fees e.t.c.
For Kevin,
a) His Subtotal is the cost of his Base ball jacke × number of jackets
= $49.99 × 1
= $49.99
b) Total of Kevin's order
= Cost of his Base ball jacket + Shipping and Handling fee + Credit card fee
Shipping and Handling fee = $10.00 Credit card fee = $3.00
Total = $49.99 + $10.00 + $3.00
= $62.99
