Answer:
Payable days
= Accounts payable/Cost of goods sold x 365 days
= $17 million/$135 million x 365 days
= 46 days
Explanation:
Payable days could be calculated as the ratio of accounts payable and cost of goods sold multiplied by number of days in a year. Accounts payable in the current year is $17 million and cost of goods sold amounted to $135 million.
Answer:
asset's cost less accumulated depreciation
Explanation:
The book value of an asset could be determined by applying the following formula
Book value of an asset = Cost of an asset - accumulated depreciation
The accumulated depreciation is the depreciation that can be more than on year
So as per the given options, the last one is correct
That statement is False
Often time, you will have to faced some problems that will messed up your personal action plans.
in that case, you need to adjust your personal action plans so you can stick to your goal, that's why it have to be flexible and can be modified
Answer: D. The auditor is likely to increase control risk because the computed upper deviation rate is greater than the tolerable deviation rate
Explanation: For this scenario, the only true option is that, the auditor is likely to increase control risk because the computed upper deviation rate is greater than the tolerable deviation rate.
Attributed sampling states that items being sampled will either or won't possess certain attributes or quantities.
I think the answer to this is A. True
Hope this helped.
