Answer:
Account payable days = 82.74 days
Explanation:
<em>The payable days is the average length of time it takes for a business to settle its account payable.</em>
it is calculated as follows:
Account payable days = average account payable/ cost of goods sold× 365 days
= 15,486/68314× 365 days= 82.7413
It will take Heritage about 82.74 days to settle its account payable.
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Answer:
The correct answer is (a)
Explanation:
To better measure fair days’ work of an average worker a clock was designed which had a capacity to measure 1/2000th of a second. The clock was specifically designed to help and measure every second. The lock was invented by Frederick W. Taylor in 1911. Likewise, it helped to measure and analyse synthetic workflows and improve productivity.
Full question:
Management implements internal controls to ensure that all required footnote disclosures are accurate. Auditors tests those controls to provide evidence supporting the ________ presentation.
A) completeness and valuation
B) completeness and accuracy
C) rights and obligations and existence
D) occurrence and accuracy
<u>Answer:</u>
Auditors tests those controls to provide evidence supporting the completeness and accuracy presentation.
<u>Explanation:</u>
During the interim audit, the internal control system is documented and assessed. The completeness and accuracy of the erudition in the report superimposed which the auditor is relying on. Accuracy simply is inadequate. One requires to obtain certitude about both the completeness and the accuracy.
The statement that all the transactions that should hold been recorded are recorded is named completeness. A transaction is deemed accurate if: There is no fault while developing the supporting document, and there is no failure while posting this transaction.
B. Level of involvement
The consumer's level of involvement gauges how much activity and effort the consumer is willing and able to put into the decision-making process and whether he or she will engage in extended problem-solving. The marketer and producer must consider how engaged and involved the consumer will be to determine whether it will be a habitual or extended thought process.
