Answer:
<h2>
$13,070
</h2>
Explanation:
The Cost of inventory = all cost of purchase; including costs of conversion and transfer.
Calculation of Inventory Cost FOB ship.
Cost of Purchase $12,000
Transportation-in $100
Shipping insurance $170
Car import duties $800
Total Cost $13,070
By being friendly and decent
Answer:
e. 10,500 units.
Explanation:
<em>the equivalent units of production - direct materials</em>
<em>Note : Units in ending Work in Process inventory were 50% complete with respect to direct materials</em>
units in ending Work in Process inventory (5,000×50%) = 2,500
units completed and transferred to the next stage (8,000×100% = 8,000
Total = 10,500
<em>the equivalent units of production - conversion costs</em>
<em>Note : Units in ending Work in Process inventory were 50% complete with respect to conversion costs</em>
units in ending Work in Process inventory (5,000×50%) = 2,500
units completed and transferred to the next stage (8,000×100% = 8,000
Total = 10,500
Answer: Opportunity
Explanation:
1. Opportunity - Given the fact that employees are granted access to very important documents, this might provide them the opportunity to commit theft. Employees who occupy top positions have access to classified information of the company which when manipulated can result to disastrous consequences. It now be holds on the employers of labour or the internal control system, to limit access to such information so as to make it hard for such fraud to be committed.
The procedures used by auditors to provide evidence are in two phases namely; the planning phase and execution phase.
1. The procedure for the planning phase is - Designing Appropriate Procedures : The evidence in this case could be a red flag noticed in the account records. The person who tried to commit the fraud could change figures in places that may not be noticeable.
2. The procedure for the execution phase involves - Implementing Appropriate Procedures : The evidence could be seen as an error. This error most likely results in wasteful spending.
Answer:
Liquid assets may be cash or property that can readily be converted to cash without a substantial loss in value. While on the other hand, Illiquid or fixed assets are possessions of value that are held long-term such as a home, land or equipment.
Hope this helps
