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3 years ago

An accountant’s standard report on a compilation should state that the accountant

Business

1 answer:

drek231 [11]3 years ago

6 0

Answer:

A, Has not audited or reviewed the accompanying financial statements.

Explanation:

It is important that an accountant states that the financial statements of a compilation hasn't been reviewed so as to avoid a situation wherein the financial statement is not in accordance with accounting principles of the country, e.g United states.

An accountant is meant to just prepare financial statements for an organization without going against the accounting principles while management is responsible for presentaion of the financial statements.

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ToySpot, a soft toy manufacturer, receives an order of 250 teddy bears. For this particular order, its total inventory includes

Vinil7 [7]

Answer:

185 teddy bears are in work in progress inventory

Explanation:

given data

receives order = 250 teddy bears

fabric = 300 yards

ribbon = 200 yards

cotton = 250 pounds

to find out

how many teddy bears can be considered work-in-process inventory

solution

we know that teddy bears to be manufactured is = 250

so finished and this comes under finished goods inventory are

goods inventory = 65 teddy bears

and still in the process is 185 teddy bears

so they needs to undergo further process because the work is still not completed

so we can say that 185 teddy bears are in work in progress inventory

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3 years ago

In the production of a wooden chair within the circular flow model, what would the resource market include?

lidiya [134]

Answer:

forest/trees

Explanation:

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3 years ago

The two categories of cost comprising conversion costs are

bekas [8.4K]

Answer:

Explanation:

Direct labor and factory overhead

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2 years ago

The corridor is the ________________ section of the ______________________ curve of reserves in the federal funds market.

lys-0071 [83]

The corridor is the vertical section of the supply curve of reserves in the federal fund market.

8 0

4 years ago

Read 2 more answers

Electro Company manufactures an innovative automobile transmission for electric cars. Management predicts that ending finished g

snow_tiger [21]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Beginning inventory= 208,500 units.

Sales:

second quarter= 417,000 units

third quarter= 469,000 units

fourth quarter= 289,500 units.

Desired ending inventory= 50% of the next quarter's budgeted sales.

To calculate the production for each quarter, we need to use the following formula:

Production= sales + desired ending inventory - beginning inventory

Second-quarter:

Sales= 417,000

Desired ending inventory= 0.5*469,000= 234,500

Beginning inventory= (208,500)

Total production= 443,000

Third-quarter:

Sales= 469,000

Desired ending inventory= 0.5*289,500= 144,750

Beginning inventory= (234,500)

Total production= 379,250

4 0

3 years ago