Answer:
$174
Explanation:
The computation of the cost of goods sold is shown below:
As we know that
Cost of goods sold = Opening inventory + Purchase - ending inventory
= $142 + $432 - $400
= $174
By adding the purchase of merchandise and deducting the ending inventory from the opening inventory we can get the cost of goods sold and the same is to be applied
Hence, the cost of goods sold is $174
Answer:
a Description of tests performed to search for material weaknesses.
Explanation:
When reporting on conditions relating to an entity's internal control observed during an audit of the financial statements, the auditor should include a Description of tests performed to search for material weaknesses.
Tests of controls may be performed to test the effectiveness of certain controls that auditors consider relevant to preventing and detecting errors and fraud that are material to the financial statements, <u>thereafter a management report must be issued to the audit committee for any deficiencies in controls to be addressed.</u> The management letter describes the tests performed and the results in each category
Answer:
D) 80%
Explanation:
IRS Section 267(c)(4) establishes that the sister will be considered as constructive owner of the stock that her family owns. Family is defined as brothers (25%), sisters, spouse, ancestors (father 40% and mother 15%), children, and grandchildren.
In this case, Farber's sister would constructively own 25% + 40% + 15% = 80% of the bank's stocks.
Answer:
Letter C is correct. <u>Offer products with complementary demand patterns (e.g., jet skis and snowmobiles).</u>
Explanation:
This alternative is correct, as this strategy can be related to strategic capacity management, which can be defined as understanding the characteristics of organizational processes, which optimizes the use of the company's operational capacity.
Therefore, the strategy exemplified in alternative C, helps the organization to offer the desired quantity of products or services and helps to facilitate the use of facilities, equipment and personnel.