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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.

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A work system has five stations that have process times of 5, 9, 4, 9, and 8. What is the throughput time of the system?A. 7B. 4
-Dominant- [34]

Answer:

D

The throughput time of the system is 35

Explanation:

When we talk of the throughput time of a system, we are referring to the total time utilized from the start of the job to the end

So to calculate the throughput time of this system, we simply need to add all the hours of work together (proceeds time)

That would be; 5 + 9 + 4 + 9 + 8 = 35

4 0
2 years ago
For 2021, Rahal's Auto Parts estimates bad debt expense at 1% of credit sales. The company reported accounts receivable and an a
ziro4ka [17]

Answer:

$3,860

Explanation:

The balance in the account Allowance for Doubtful Accounts is expected to be the projected amount in receivables of the company that will not be converting to cash.

Therefore to calculate final balance of allowance for doubtful balance

Beginning balance                                                                 2700

Bad debt expense (410000*1%)                                            4100

Less: Written off                                                                   -2940

Ending balance                                                                    3860

So answer is $3,860

4 0
2 years ago
The table below contains data for the country of batterland, which produces only waffles and pancakes. the base year is 2013 . p
ArbitrLikvidat [17]

Firstly, you should calculate the prices of your market basket, which basically means multiply all the goods with their prices and then add them together in their respective years. This would give you $260, $440, $690 and $1200 in the years 2010 to 2013 respectively. (follow along by noting everything down)

We see that the base year is 2013, therefore if we want to calculate the inflation rate from 2010 to 2011, we have to calculate their price indices. We do this by dividing the maket basket of our chosen years by the market basket of the base year, therefore the price index of 2010 is $260/$1200, giving us 21.6. The price index of 2011 would be $440/$1200, giving us 36.6. To calculate the inflation rate, you find the difference between your two price indices and divide it by the former year, which would be 36.6 - 21.6 / 21.6 x 100, giving us the inflation rate of 69.2%.

5 0
2 years ago
From an operations standpoint, one of the goals of the firm under the theory of constraints is to increase throughput while simu
OverLord2011 [107]

Answer:

True

Explanation:

The theory of constraints focuses on establishing the most important limiting factor or constraint in a business and improve it in order to improve the whole company's performance.

In simple terms, a company recognizes their greatest weakness and tries to improve it, so that it no longer represents a limitation.

This theory was originally developed for manufacturing companies, and it was meant to reduce bottlenecks (manufacturing constraints). Therefore one of its main goals is to lower inventory levels and operating costs while increasing production output.

8 0
3 years ago
PeoplePapers, a greeting cards manufacturing company, has retail stores in most parts of the country. It hires its employees fro
Drupady [299]

OPTIONS:

A. Resources B. reserves. C. overheads. D. variable costs.

Answer:

A. Resources

Explanation:

Resources are factors that aid the production process of any business, which includes land, labor, capital, and management. All are combined together to make production successful. The organization’s processes, the employees and its equipment can be regarded as the company’s resources which are put together in the production of greeting cards for customers use.

8 0
3 years ago
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