Answer: $900000
Explanation:
The second step in any substantive analytical procedures decision process is to determine or calculate a tolerable difference. Since the expectation developed by the auditor will slightly be identical to the client's recorded amount, the auditor must make a decision about the amount of difference that would require further investigation. The size of the tolerable difference relies on the significance of the account, the desired degree of reliance on the analytical procedure, the level of disaggregation in the amount being tested, and the precision of the expectation.
In the above statement,
The tolerable misstatement= 50%
Income before taxes= $36million
5% benchmark appropriate for planning materiality.
Therefore,
The tolerable difference for the analytical procedure:
$36million × 0.05 × 0.5
= $900000
Answer: a. The account is closed to fund balance-unassigned at the end of the year.
Explanation:
The Unassigned fund balance is the amount left in the Government's general fund that was not assigned to any undertaking or funds during the year. This balance is as well not restricted or committed to any undertaking.
It will therefore be debited to close off the account at the end of the period not unlike a balance carried down in a ledger account that is used to close off the account and is then sent forward to the next period.
Answer:
Non-conforming zoning
Explanation:
Non-conforming is a type of variability in the zoning when a piece of land may be excluded from the current zoning decrees because of changes made by a previous owner or prior to an intended use by the present zoning decrees, in accordance with local law.
Answer: 26.85%
Explanation:
Based on the information given in the question, the firm's cost of internal equity will be calculated as:
Cost of equity = (D1/Current price) + Growth rate
= (4.90 / 26.00) + 8.0%
=(4.9/26) + 0.08
=26.85%
Therefore, the firm's cost of internal equity is 26.85%.
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