To gain assurance that all inventory items in a client's inventory listing schedule are valid, an auditor most likely would vouch (C) items listed in the inventory listing schedule to inventory tags and the auditor's recorded count sheets.
<h3>
What are inventory items?</h3>
- Inventory item - a discrete product that can be indicated as being in stock.
- You can track inventory if your company sells stock items.
- A product purchased for resale that is tracked in Stock and on the Balance Sheet is an inventory item.
- An inventory list should, in general, include the product's name, SKU number, description, cost, and quantity.
- Inventory lists assist brands in managing and monitoring stock levels, enabling tighter inventory control and a more streamlined approach to inventory management.
- An auditor will most likely attest items listed in the inventory listing schedule to inventory tags and the auditor's recorded count sheets to get assurance that all inventory items in a client's inventory listing schedule are valid.
Therefore, to gain assurance that all inventory items in a client's inventory listing schedule are valid, an auditor most likely would vouch (C) items listed in the inventory listing schedule to inventory tags and the auditor's recorded count sheets.
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Complete question:
To gain assurance that all inventory items in a client's inventory listing schedule are valid, an auditor most likely would vouch
A. Inventory tags were noted during the auditor's observation of items listed in the inventory listing schedule.
B. Inventory tags were noted during the auditor's observation of items listed in receiving reports and vendors' invoices.
C. Items listed in the inventory listing schedule to inventory tags and the auditor's recorded count sheets.
D. Items listed in receiving reports and vendors' invoices to the inventory listing schedule.
Answer:
c. potatoes
Explanation:
The computation is shown below:
Opportunity cost of producing 1 tons of wheat is
for US = 4 ÷ 3 = 1.33 tons of potatoes
for Ireland = 2 ÷ 1 = 2 tons of potatoes
As the opportunity cost is higher in united states of potatoes so here the united stated should be comparative advantage in generating potatoes
Answer: Producing new models would require lots of money to set up before the revenue builds
Explanation:
This company must endeavor to have enough cash at hand because production of motor bike are very expensive to produce and launch in to the market, they'll have to be excess in their reserves for this operations.
Two problems are identified to cause few fish in the local lakes: <span><span>1) </span>Weather patterns</span> <span><span>2) </span>Threat from invasive carps</span> <span><span>Dave and Betsy should consider both in their planning, so the best plan which will have an impact is ‘</span><span>they should develop a crisis response plan in case of a bad weather report or a carp sighting”. </span></span>
Answer:
The average fixed cost to produce 7,000 can openers was <u>$17,000</u>
Explanation:
The fixed cost are those who don't change based on the production levels, while the variable costs depends on the production.
If we add variables cost with fixed cot we will get the total cost.
Variable cost + Fixed Cost = Total cost
Then for knowing the fixed cost we should substract to the total cost the variable cost
Fixed Cost = Total Cost - Variable Cost <em>Now replace the values </em>
Fixed Cost = $45,000 - 28,000
Fixed Cost = $ 17,000
The average fixed cost to produce 7,000 can openers was <u>$17,000</u>
