1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
shtirl [24]
3 years ago
14

Cutoff tests designed to detect valid sales that occurred before the end of the year but have been recorded in the subsequent ye

ar would provide assurance about management’s assertion of:
a. Presentation and Disclosure.
b. Completeness.
c. Rights and obligations.
d. Existence.
Business
1 answer:
Oksanka [162]3 years ago
8 0

Answer:

b. Completeness

Explanation:

Cut off tests are designed to ensure that transactions which relate to a particular period are reported in that very period.

Assertions refers to the claims made by the management and it's staff relating to various aspects of the business.

Cut off procedures provide an auditor with evidence against management's assertion of completeness and occurrence of a transaction.

Completeness refers to whether transactions pertaining to a period have been recorded.

Occurrence means that recorded transactions ain't fictitious and have actually happened.

You might be interested in
A restaurant is considering adding fresh brook trout to its menu. Customers would have the choice of catching their own trout fr
valentinak56 [21]

Answer:

$19.95

Explanation:

Breakeven is where when total Cost = Total Revenue,

Let Selling Price = X

Total Revenue = Total cost

X*800 = 10,600+6.70*800

800x = 15960

Hence, selling Price(X) = 15960/800 = $ 19.95

4 0
3 years ago
Read 2 more answers
Please help help help
salantis [7]

Answer:

D. Amount of Money you Owe

Explanation:

If you make a payment, and you don't pay it off in the due amount of time you agree to with your bank, your credit score can be drastically diminished, losing your trust with your bank.

6 0
3 years ago
To help differentiate a company's brand from competitors, an improved version is created, or new features are added to the origi
Olin [163]

Answer:

The correct answer is Growth Stage.

Explanation:

In the growth phase, the product is positioned in the defined segment, and begins to be accepted by consumers. This causes sales and therefore profits to increase.

Typically, the increase in profits occurs because manufacturing costs are reduced either by economies of scale or by gaining manufacturing experience.

Despite this, competition in this second stage of a product life cycle is usually not very intense. It is likely that new competitors have appeared, but these new players will try to differentiate their product and begin to build their brand positioning.

The key at this stage is to reinforce the positioning and make modifications to adapt the product to the growing demand.

5 0
3 years ago
Liability insurance is…
Kaylis [27]

Answer:

D

Explanation:

Liability means being responsible for something, usually by law, so liability insurance is when insurance protects you from charges from the other party's injuries and/or damage to their car in the case of an accident.

6 0
2 years ago
What is financing?
zubka84 [21]
The correct option is Option A - using credit to pay for purchases.
6 0
2 years ago
Read 2 more answers
Other questions:
  • On October 17, Nikle Company purchased a building and a plot of land for $750,000. The building was valued at $435,000 while the
    11·1 answer
  • If the tax laws were changed so that $0.50 out of every $1.00 of interest paid by a corporation was allowed as a tax-deductible
    8·1 answer
  • Factor Company is planning to add a new product to its line. To manufacture this product, the company needs to buy a new machine
    13·1 answer
  • You have sought permission from a hospital to place brochures for your product in their gift shop and cafeteria. The hospital ad
    6·2 answers
  • MNO Corporation uses a job-order costing system with a predetermined overhead rate based on direct labor-hours. The company base
    13·1 answer
  • Butler Company developed a static budget at the beginning of the company's accounting period based on an expected volume of 6,00
    11·1 answer
  • Examine the organizational structure in which Jeff Bezos currently operates or formerly operated. What is your estimate on what
    14·1 answer
  • Suppose a week after you get this report from your research department, you hear on the news that Colombia and Vietnam are going
    7·1 answer
  • A 20-year maturity bond with face value of $1,000 makes annual coupon payments and has a coupon rate of 9.40%. (Do not round int
    6·1 answer
  • the builders of the transcontinental railroad used legal and illegal means to cut costs and finance construction. which phrases
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!