1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ioda
2 years ago
12

Which of the following sample planning factors would influence the sample size for a substantive test of details for a specific

account?
a. Expected amount of misstatements
b. Measure of tolerable misstatement
Business
2 answers:
Savatey [412]2 years ago
7 0

Answer:

Option "A" is correct. Expected amount of misstatements

Explanation:

Kazeer [188]2 years ago
4 0

Answer:

Both A and B

a. Expected amount of misstatements

b. Measure of tolerable misstatement

Explanation:

Substantiative test for results is an audit technique that is used to address.identified risk of material misstatements in financial statements. It is used to determine if balances and disclosures of a financial statement are accurate.

Types of substantiative tests include: examination, physical observation, recalculation, third party confirmation, inquiry, and reperformance.

When sampling both expected amount of misstatements and measure of tolerable misstatements will affect sample size.

You might be interested in
The Nelson Company's radio division currently is purchasing transistors from the Charlotte Co. for $3.50 each. The total number
8_murik_8 [283]

Answer:

The correct answer is C.

Explanation:

Giving the following information:

The Nelson Company's radio division currently is purchasing transistors from the Charlotte Co. for $3.50 each. The total number of transistors needed is 8,000 per month. Nelson Company's electronics division can produce the transistors for a cost of $4.00 each and they have plenty of capacity to manufacture the units. The $4 is made up of $3.25 in variable costs, and $0.75 in allocated fixed costs.

Because there is unused capacity, we will not have into account the fixed costs.

Unitary cost= $3.25

It is more convenient to produce in house. The indifference price is $3.50.

6 0
3 years ago
If a company increases its sales price per unit for product​ a
Effectus [21]

Answer:

TR decreases if Demand is Elastic, TR increases if Demand is Inelastic

Explanation:

Price Elasticity of Demand is the responsive change in price, due to change in price. Elastic demand means demand responds more to price change, Inelastic demand means demand responds less to price change. Total Revenue is the total receipt value from sales = Price x Quantity

  • If demand is elastic : price & total revenue are inversely related - price increase, demand decrease & price decrease, demand increase.
  • If demand is inelastic : price & total revenue are directly related - price increase, demand increase & price decrease, demand increase

So, If a company increases its sale price per unit of a product :

  • Total Revenue would increase as a result of price rise, if demand is Inelastic
  • Total Revenue would decrease as a result of price rise, if demand is Elastic
7 0
3 years ago
Certain criteria must be satisfied if a measurement or observation is to be believed. will the criteria necessarily be as strict
Schach [20]

An unexpected result is examined a lot more closely, since it must disagree with some currently accepted theory to be accepted as unexpected. If something is expected, we generally don't question it, although this is sometimes a tragic mistake and may cost a lot more for a person.

4 0
3 years ago
2.1: A debit is A : a decrease to an account. B : an entry on the left side of an account. C : an entry on the right side of an
Luba_88 [7]

Answer:

B : an entry on the left side of an account.

Explanation:

There are two terms i.e debit and credit.  

The accounts that reported as an expense, losses, assets are recorded in the left-hand side of an account as it contains the debit balance.

While the account reported as a revenue, gains, liabilities & stockholder equity are recorded in the right-hand side of an account as it contains the credit balance.

7 0
3 years ago
3 Balance sheet items for Nadew Travel Service were as follows at Dec. 31, 2018. Accounts payable Br. 23,100 Land Br. 90,000 Acc
deff fn [24]

Answer

1, 2018. Accounts payable Br. 23,100 Land Br. 90,000 Accounts receivables 52,000 Notes payable 100,900 Building 54,800

Explanation:

5 0
2 years ago
Other questions:
  • As prosperity and economic development rise, ________ increases as well.
    6·1 answer
  • A__________ gap exists when a firm knows what it needs to do to meet customers' service expectations but sometimes fails to do i
    15·1 answer
  • Monetary policy is considered easy when the money supply is increasing rapidly, but considered ________ when the money supply is
    11·1 answer
  • Minnesota Company has no beginning and ending inventories, and has the following data about its only product: Fixed manufacturin
    5·1 answer
  • The balance sheet of Bonita Company at December 31, 2016, includes the following. Notes receivable $36,200 Accounts receivable 1
    12·1 answer
  • Suppose the demand curve for a product is given by Q = 11 - 2P + 3Ps Where P is the price of the product and Ps is the price of
    13·1 answer
  • Describe how consumers have influence the success of products in recent years
    11·1 answer
  • You buy a seven-year bond that has a 5.25% current yield and a 5.25% coupon (paid annually). In one year, promised yields to mat
    5·1 answer
  • The Bradford Company issued 12% bonds, dated January 1, with a face amount of $87 million on January 1, 2021. The bonds mature o
    8·1 answer
  • The owner of consigned goods is called the and the one who sells goods for the owner is called the :
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!