Which of the following is an explanation?

Audits may be characterized as

hammer [34]

Answer:

(a) 2 and 9

(b) 5, 6 and 7

(c) 1, 4 and 8

(d) 3

Explanation:

(a) financial statement audits,

2. Determine whether an advertising agency’s financial statements are fairly presented in conformity with GAAP. ( independent (external) auditors )

9. Report on the need for the states to consider reporting requirements for chemical use data. d governmental auditors Render a public report on the assumptions and compilation of a revenue forecast by a sports stadium/racetrack complex. ( independent (external) auditors )

(b) compliance audits,

5. Investigate financing terms of tax shelter partnerships. ( governmental auditors (IRS) )

6. Study a private aircraft manufacture’s test pilot performance in reporting on the results of text fights ( internal auditors )

7. Conduct periodic examinations by the U.S. Comptroller of Currency of a national bank for solvency. ( governmental auditors )

(c) economy and efficiency audits, and

1. Analyze proprietary schools’spending to train students for low-demand occupations ( governmental auditors )

4. Compare costs of municipal garbage pickup services to comparable services subcontract to a private business. ( internal auditors )

8. Evaluate the promptness of materials inspection in a manufacture’s receiving department. ( internal auditors )

(d) program results audits.

3. Study the effectiveness of the Department of Defense’s expendable launch vehicle program. ( governmental auditors )

4 0

3 years ago

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A ____________________________ is one economic mechanism by which government borrowing can crowd out private investment.

joja [24]

A higher interest rate is one economic mechanism by which government borrowing can crowd out private investment. This is further explained below.

<h3>What is the economic mechanism?</h3>

Generally, A mechanism is a mathematical representation of the organizations that govern and coordinate economic activity.

In conclusion, Increasing the interest rate is one of the ways in which the government may stifle private sector investment. This will be detailed in further detail in the following paragraphs.

Read more about the economic mechanism

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4 0

2 years ago

In the month of April, a department had 600 units in the beginning work in process inventory that were 60% complete. These units

Eduardwww [97]

Answer:

cost to WIP at April 30th: 300,000

materials 240,000

conversion 60,000

Explanation:

<em><u>Materials equivalent units:</u></em>

Materials are addedirely at the beginning of the process thus, all are at 100%

transferred out - beginning x percentage of completion + ending x % completion

20,000 - 600 x 100% + 2,000 x 100% =

20,000 - 600 + 2,000 = 21,400

equivalent cost per unit: 2,568,000 / 21,400 = 120

Ending WIP: 2,000 units x 100% x 120 = $ 240,000

<u><em>Conversion equivalent units</em></u>

transferred out - beginning x percentage of completion + ending x % completion

20,000 - 600 x 60% + 2,000 x 20%

20,000 - 360 + 400 = 20,040 units

equivalent cost per unit CC: 3,006,000 / 20,040 = $ 150

Ending WIP_ 2,000 units x 20% x $ 150 = $ 60,000

Ending WIP: 240,000 + 60,000 = 300,000 accumulated cost.

7 0

3 years ago

How is globalization affecting the hospitality industry? Give specific examples of some of the changes.

ludmilkaskok [199]

globalization affect the hospitality directly by the people coming from different countries . either they get cheaper services or they change some stuff for people because different cultures

4 0

3 years ago

Pretax accounting income for the year ended December 31, 2021, was $42 million for Truffles Company. Truffles' taxable income wa

Zielflug [23.3K]

Answer:

$13million

Explanation:

7 0

3 years ago

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