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
bogdanovich [222]
3 years ago
10

The audit working papers often include a client-prepared, aged trial balance of accounts receivable as of the balance sheet date

. This aging is best used by the auditors to:
A. Consider internal control over credit sales.
B. Test the accuracy of recorded charge sales.
C. Estimate credit losses.
D. Verify the validity of the recorded receivables.
Business
1 answer:
Mars2501 [29]3 years ago
7 0

Answer:

C. Estimate credit losses.

Explanation:

the client prepared aged triad balance of account receivable is generally included in audit documents so that the evaluation of estimated credit losses can be done.

Therefore, This aging is best used by the auditors to Estimate credit losses.

You might be interested in
Each of the following is mentioned in your textbook as a tip for using statistics except:________ a. use statistics sparingly. b
Lana71 [14]

Answer:

E. avoid using statistics found on the Internet.

Explanation:

Statistics: It is a science of evaluating data collected by using quantified model and presenting the data in a simplified form.

There are six tips of using statistics in our speeches are:

  • Use statistics to quantify your ideas .
  • Use statistics sparingly .
  • Identify the sources of your statistics .
  • Explain your statistics .
  • Round off complicated statistics .
  • Use visual aids to clarify statistical trends.

Hence, it never suggest to avoid using statistics found in the Internet as it is one of the source.

8 0
3 years ago
Which of the following must be true in order for materials to be classified as direct materials? a.They must be an integral part
inysia [295]

Answer:

a. They must be an integral part of the finished product and be a significant portion of the total product cost.

Explanation:

The Direct material is supply which is consumed during the production of a product. The direct material should be an integral part in the finished good. Consumables are not direct material. To become direct material the raw supplies should be a significant portion of the total cost. There is no direct material in a service business. The finished product should contain the direct material and the material must be an integral part of the final product.

3 0
4 years ago
Suppose that in an​ economy, investment is​ $160 billion, saving is​ $140 billion, government expenditure on goods and services
Hatshy [7]

Answer:

Tax revenue is 120 billion dollars

The government budget balance is -30 billion dollars

5 0
3 years ago
For each example, determine how the market for the good in the bolded text will respond to the described change.
Slav-nsk [51]

Answer:

a. Due to increases in hay prices, an input for raising cattle, the price of a gallon of 2% milk increases from $2.98 to $3.25.  QUANTITY DEMANDED DECREASES, as the price of a good or service increases, the quantity demanded decreases.

b. Groupon has a Groupon for $6 off the price of laser tag.  QUANTITY DEMANDED INCREASES, as the price of a good or service decreases, the quantity demanded increases.

c. Sharp increase in the price of wood causes increases in prices for dressers and desks.  QUANTITY DEMANDED DECREASES, if the price of a key input increases, the production costs will increase, resulting in a higher selling price ⇒ lower quantity demanded.

d. Week long special at the grocery store, where pork shoulder is on sale at $1.99 a pound, down from $3.99 a pound.  QUANTITY DEMANDED INCREASES, as the price of a good or service decreases, the quantity demanded increases.

e. Buy one get one free special for MP3 albums on Amazon. QUANTITY DEMANDED INCREASES, the buy one get one free promotion lowers the price of a good or service, resulting in higher quantity demanded.

7 0
3 years ago
in the period after the first world war, the british economist john maynard keynes argued that quizlet
Firdavs [7]

Governments should increase spending in response to economic downturns.

First World War
World War I
, also known as the First World War and frequently abbreviated as WWI or WW1, was a significant global battle that lasted from July 28, 1914, to November 11, 1918. It was known as the "Great War" by its contemporaneous participants, who comprised most of Europe, the Russian Empire, the United States, and the Ottoman Empire. Battles were fought throughout Europe, the Middle East, Africa, and some regions of Asia. It was one of the bloodiest wars in history thanks to new technology, including the recent creation of the airplane, trench warfare, and particularly chemical weapons. An estimated 9 million soldiers perished in battle, and an additional 5 million civilians perished through famine, sickness, and military activity. 

To learn more about First World War
brainly.com/question/8535233
#SPJ4

6 0
2 years ago
Other questions:
  • Your boss would like your help on a marketing research project he is conducting on the relationship between the price of soup an
    10·1 answer
  • In which of the following situations will total revenue increase?
    8·2 answers
  • Oscar’s Red Carpet Store maintains a checking account with Academy Bank. Oscar’s sells carpet each day but makes bank deposits o
    5·1 answer
  • Assume the company is considering investing in a new machine that will increase its fixed costs by $40,500 per year and decrease
    9·1 answer
  • Which of these is MOST associated with the term "contraction" as it relates to the business cycle?
    11·2 answers
  • You own a portfolio of two stocks, A and B. Stock A is valued at $6,500 and has an expected return of 11.2 percent. Stock B has
    6·1 answer
  • What could be the objectives for the training regarding improvement of customer service?​
    5·1 answer
  • Explain why employers are becoming increasingly aware and sensitive to acts of intolerance in the workplace. List measures emplo
    11·2 answers
  • Which of the following is not one of the risk categories
    13·1 answer
  • How much total estimated warranty expense does arctica report for the current year?
    8·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!