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Svetach [21]
3 years ago
15

An auditor discovered that a client's accounts receivable turnover is substantially lower for the current year than for the prio

r year. This may indicate that
A. Obsolete inventory has not yet been reduced to fair market value.
B. There was an improper cutoff of sales at the end of the year.
C. An unusually large receivable was written off near the end of the year.
D. The aging of accounts receivable was improperly performed in both years.
Business
1 answer:
Juli2301 [7.4K]3 years ago
8 0

Answer:

B. There was an improper cutoff of sales at the end of the year.

Explanation:

Sales cuttoff focuses on whether sales are properly reccorded for a particular period.

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ALTOID CO. Balance Sheet At December 31, 2021 Assets: Cash $ 220 Short-term investments 550 Accounts receivable (net) 650 Invent
kumpel [21]

Answer:

3.4

Explanation:

Current assets = Cash + Short-term investments + Accounts receivable (net) + Inventory

= $220 + $550 + $800 + $1,150

= $2,720

Current ratio = Current assets / Current liabilities

Current ratio = $2,720 / $800

Current ratio = 3.4

3 0
3 years ago
Suppose there is a simultaneous increase in the demand for rice and increase in the supply of rice. Which of the following will
patriot [66]

Answer:

C) The market learing price may rise, fall, or stay the same, but the equilibrium quantity will rise. 

Explanation:

An increase in demand would lead to an increase in demand and price.

An increase in supply would lead to an increase in supply and a fall in price.

The combined effect would lead to an increase in equilibrium quantity but the effect on equilibrium price would be indeterminate.

I hope my answer helps you

6 0
3 years ago
Which career would organize,train and support teachers and educational workers to help them provide better instruction?
Sonbull [250]
Instructional coordinator 
7 0
3 years ago
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What is the document that the marketing researcher pledges to deliver as a result of the marketing research process?
dezoksy [38]

Answer: Marketing research proposal

Explanation: A marketing research proposal simply means a detailed outline of market research plan. It entails the processes involves in the research study which includes the aims and objectives of the market research which is included in the problem statement, Developing ways to solve the identified problem, Formulating the design or model for the research, collection of required data (both qualitative and quantitative) , data preparation, cleansing and analysis and Report preparation and presentation.

3 0
2 years ago
Please select the word from the list that best fits the definition a market structure in which a large number of firms produce t
Shkiper50 [21]

Answer:

Perfect competition is a market structure in which a large number of firms produce the same product.

Explanation:

Items at a grocery store are an example of perfect competition. onsumers have many options at multiple price points.

3 0
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