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Ivan
3 years ago
15

An auditor should perform alternative procedures to substantiate the existence of accounts receivable when:

Business
1 answer:
Anastasy [175]3 years ago
8 0

Answer:C

Explanation: Collectability of the receivables is in doubt

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Jake, a new human resource manager, alters the hiring and recruitment process of his firm when he learns that the firm was regul
Tom [10]

Answer: Affirmative action.

Explanation:

An affirmative action is a form of action taken that favors members of a particular sex, race, religion, tribe that has been discriminated against in the past. Jake's decision to ensure equal opportunity to all genders is a type of affirmative action.

8 0
3 years ago
Compute the continuously compounded interest rate for 228 days where the ACT/365 interest rate is 2.92%. Give your answer to fou
Nikitich [7]

Answer:

The answer is 1.8407.

Explanation:

To calculate interest rate for 228 days we will first calculate daily rate and than put value in compounding rate formula.

Daily interest rate = 2.92%/365 = 0.008 %

Interest rate 228 = (1+I%)^n -1

Interest rate 228 = (1+0.008%)^228-1  = 1.8407%

3 0
3 years ago
Indicate the most likely effect of the following changes in credit policy on the receivables turnover ratio (+ for increase, - f
docker41 [41]

(b) Increased effectiveness of collection methods - It will increase the turnover ratio and decrease the days to collect.

Effectiveness is the functionality of producing a preferred result or the capability to supply preferred output. whilst something is deemed powerful, way it has a supposed or predicted outcome, or produces a deep, vibrant effect.

Effectiveness is the principle noun form of the adjective effective, this means “ok to accomplish a cause; producing the supposed or predicted end result.” (another, less common noun form of effective is efficiency.).

Learn more about effectiveness here: brainly.com/question/14905866

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7 0
2 years ago
Assuming that Brandt entered into a forward contract to sell 10 million South Korean won on December 1, 2020, as a fair value he
romanna [79]

The net impact on its net income in 2020 resulting from a fluctuation in the value of the won is : $250 decrease in net income.

First step is to calculate the Discount on forward contract

Discount on forward contract=[($0.0035 − $0.0034) × 10 million

Discount on forward contract=$0.0001 × 10 million

Discount on forward contract= $1,000

Second step is to amortized the Discount on forward contract

Amortization of discount on forward contract=$1,000 / 4 months

Amortization of discount on forward contract=$250 per month

Based on the above calculation foreign exchange loss of the amount of $250 will be recognized on December 31, 2020.

Therefore the net impact on its net income in 2020 resulting from a fluctuation in the value of the won is a decrease of $250.

Learn more here:<em> brainly.com/question/19353936</em>

7 0
2 years ago
A​ company's production department was experiencing a high defect rate on the assembly​ line, which was slowing down production
gayaneshka [121]

Answer:

D

Explanation:

Because the higher the quality of materials the more efficient the product will be

7 0
3 years ago
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