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dezoksy [38]
3 years ago
9

Complete the following chart indicating the corresponding Auditing Standards Board assertions and whether the assertion relates

to transactions, balances, or disclosures. (You may select more than one answer. Click the box with a check mark for correct answers and double click to empty the box for the wrong answers.)

Business
1 answer:
devlian [24]3 years ago
4 0
<h2>Missing Part of Question:</h2>

The Chart being referred was missing in the question. I have attached it's image for convenience.

<h2>Explanation:</h2>

I am also attaching the explanation of the answer as an image as I think it will be easier to understand it in tabular form. The table will consist of three columns (just like the question chart). First column is the given PCAOB Assertion, second column will be its corresponding ASB assertion(s) and the third column will indicate nature of the assertion(s).

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When Job 117 was completed, direct materials totaled $5,090; direct labor, $5,838; and factory overhead, $4,042. A total of 1,49
allsm [11]

Answer:

the per unit cost is $10

Explanation:

The computation of the per unit cost is shown below:

As we know that

Per unit cost is

= Total cost ÷ number of units produced

= ($5,090 + $5,838 + $4,042) ÷ (1,497 units)

= ($14,970) ÷ (1,497 units)

= $10

hence, the per unit cost is $10

We simply applied the above formula so that the correct value could come

And, the same is to be considered  

3 0
3 years ago
Suppose that Scoobania, which has full employment, can obtain 1 unit of capital goods by sacrificing 2 units of consumer goods d
Leviafan [203]

Answer:

The correct answer is option c.

Explanation:

An economy named Scoobania is operating on full employment level. The production possibility curve of this economy is such that it can produce 1 unit of capital goods by sacrificing 2 units of consumer goods.

This means that the opportunity cost of one unit of capital goods is 2 units of consumer goods. However, through international trade this economy can obtain 1 unit of capital goods for 1 unit of consumer goods.  

This implies that the economy will be able to consume more of both capital goods as well as consumer goods. This indicates that Scoobania will be able to consume at a point beyond its production possibility curve.

3 0
4 years ago
What is accounting ​
andre [41]

Answer:

Accounting is the process of recording financial transactions pertaining to a business. The accounting process includes summarizing, analyzing, and reporting these transactions to oversight agencies, regulators, and tax collection entities. The financial statements used in accounting are a concise summary of financial transactions over an accounting period, summarizing a company's operations, financial position, and cash flows. Accounting is the recording of financial transactions along with storing, sorting, retrieving, summarizing, and presenting the results in various reports and analyses. Accounting is also a field of study and profession dedicated to carrying out those tasks.

Explanation:

4 0
4 years ago
The Horizon Company will invest $84,000 in a temporary project that will generate the following cash inflows for the next three
GarryVolchara [31]

Answer:

The net present value is $3,624

Explanation:

Net present value is the sum of all cash inflows and outflows in present value terms. It is calculated by discounting each cash flow with given interest rate and for specified period of time.

Net present value of this project is $3,623.84

All the workings and calculations are made in an MS Excel File which is attached with this answer.

Download xlsx
7 0
3 years ago
The agreements that allow McDonald's franchisees around the globe to use McDonald's trademarked name and menu items represent, i
photoshop1234 [79]

Answer:

The remaining part of the question is:

McDonald's trademarked name and menu items represent, in essence, which form of market entry?

A) joint ventures

B) franchising

C) 100% ownership

D) exporting

E) acquisition

Correct Answer:

B) <u>franchising </u>

Explanation:

Franchising is a business model whereby a company that their specialty is in retailing industry, as well as the fast-food industry, adopts a global expansion through other companies by licensing their business name and trademarks to them.

6 0
4 years ago
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