Accurate data entry speeds the correct payment of claims and lessens the chance of federal audit. Federal audit clearinghouse operates on behalf of the office of management and budget. its primary functions includes, distributing single audit reporting packages to federal agencies, support OMB oversight and assessment of federal award audit requirements, maintain a public database of completed audits and help auditors and auditees minimize the reporting burden of complying with single audit requirements.
Complete/Correct Question:
A proprietorship has three important advantages:______________.
(1) It is easily and inexpensively formed,
(2) it is subject to government regulations, and
(3) it is subject to lower income taxes than are corporations
Answer:
True
Explanation:
A proprietorship is an unincorporated business owned by an individual. Starting a proprietorship business is easy to start and has it most important advantage stated above in the question. it also has its limitations and as such some sole proprietorship businesses have converted to corporations when the business limitations are too overwhelming.
The limitations of sole proprietorship includes unlimited liability for the business or debts it might incure, the life of the business is a function of the life span of the owner, inability to secure huge capital from banks,etc.
A sole proprietorship is therefore used for small businesses.
Cheers.
Answer: 1155
Explanation:
The solution guess thus to calculate the units in Ending Inventory:
Units of product on hand: 800 units
Add: Units in transit 180
Add: Units on consignment 200
Less: Damaged units 25
The number of units that Emma should include in her company’s period-end inventory will be:
= (800+180+200) - 25
= 1180 - 25
= 1155
Answer:
Cheese and other milk products gain popularity in France
I hope this helps you
:)
Answer:
The amount to deposited = $1,538,461.54
Explanation:
<em>A fund that pays a fixed amount for forever is an example of a perpetuity. Hence, the amount to be deposited today is the present value of the perpetuity.</em>
This given below as follows:
PV = A × 1/r
PV - present value of perpetuity
r- Interest rate = 6.5%. A- annual cash flow - 100,000
PV = 100,000 × 1/0.065= 1,538,461.54
The amount to deposited = $1,538,461.54
