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nalin [4]
3 years ago
8

Which of the following will most likely give the most assurance concerning the valuation assertion about accounts receivable?A.

Vouching amounts in the subsidiary ledger to details on shipping documentsB. Comparing receivable turnover ratios with industry statistics for reasonablenessC. Inquiring about receivables pledged under loan agreementsD. Assessing the allowance for uncollectible accounts for reasonableness
Business
1 answer:
OlgaM077 [116]3 years ago
6 0

Answer:

Assessing the allowance for uncollectible accounts for reasonableness.

Explanation:

Assessing the allowance for uncollectible accounts for reasonableness give the most assurance concerning the valuation assertion about accounts receivable as The term uncollectible accounts receivable is used to describe the portion of credit sales in accounts receivable the company does not expect to collect from a customer.

Uncollectible accounts is used in the valuation of accounts receivable, which appears on a company's balance sheet.

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Joe's Tasty Burger has determined that its production facility has a design capacity of 400 hamburgers per day. The effective ca
Nat2105 [25]

Answer:

Design Capacity Utilization= 75%

Production efficiency = 120%

Explanation:

Okay, so the question is to determine both the design and the effective capacity utilization measures and make a conclusion from there

1. The Capacity Utilization = The Actual Output/ Design Capacity

Actual Output= 300 hamburgers a day

Design Capacity = 400 Hamburgers a day

Therefore Capacity Utilization = 300 hamburgers/400 hamburgers x 100

= 75%

2. The Efficiency of the production = The Actual Output / The Effective Capacity

Actual Output = 300 Hamburgers a  day

Effective Capacity = 250 hamburgers

= 300 Hamburgers/ 250 Hamburgers x 100

= 120%

Conclusion

First we see that the actual utilization of capacity is more better than the effective capacity and this is good. Also, the Design Capacity is higher than the actual capacity utilization which should also be expected as design capacity is a calculation based on ideal conditions that may be not realistic in real life conditions.

3 0
2 years ago
The American economy is based on both capitalism and free enterprise. What does this mean?
choli [55]
Capitalism is when a country's industry is controlled by individual owners, not by the state. Free enterprise is an economic system where businesses compete without much state control. Hope this helps!
3 0
3 years ago
If project A generates $10 million of free cash flow over its five year useful life and project B generates $8 million of free c
fredd [130]

Answer: False

Explanation:

This seems to me like a True or False question and the answer would be False.

Payback period is calculated on the basis of the timing of cash flows and since we do not know the useful life of Project B neither do we know the timing of it's cash flows, we cannot say for certain that Project A has a shorter Payback period.

For example, the initial investment could be $5 million for instance but Project A only pays $10 million on its 5th year whereas Project B had a useful life of 4 years and paid $2 million each of those years. Meaning it would have paid back before the end of the 3rd year.

If you need any clarification do react or comment.

8 0
2 years ago
If a firm decided to reevaluate and reorganize the way it did business, in hopes of creating competitive advantage, by changing
Vsevolod [243]

Answer:

C. Business process improvement.

Explanation:

Product reevaluation and Life cycle costing are product dependent and aims to improve products on the individual level and the business on the whole.

Business Intelligence is when businesses use different types of data to compile an analysis for informed decision making.

A value chain refers to all the activities that a business undertakes from procurement of raw materials to adding value. This can be a part of improvement process but it is not directly related.

Business process improvement is when management identifies all the business processes and analyses if there is a need for improvement and identifying areas that need change - then improving upon these findings.

This is the right answer.

Hope that helps.

6 0
3 years ago
Which organization establishes relationships with financial institutions to offer home ownership programs that include down paym
iVinArrow [24]

National Housing Federation establishes relationships with financial institutions to offer homeownership programs that include down payment assistance through grants and favorable terms.

<h3>What is National Housing Federation?</h3>
  • NHF housing association members provide homes for approximately six million people and are motivated by a social purpose: providing good quality housing at an affordable price.
  • NHF assists its members in achieving that social purpose through ambitious work that results in positive change.
  • The NHF offers interest-free season ticket loans and a cycle-to-work salary sacrifice scheme that covers the cost of a bike and accessories.
  • NHF also provides an interest-free loan to assist you with a deposit when renting a home.
  • The National Housing Federation works with financial institutions to offer homeownership programs that include down payment assistance in the form of grants and favorable terms.

Therefore, National Housing Federation establishes relationships with financial institutions to offer homeownership programs that include down payment assistance through grants and favorable terms.

Know more about National Housing Federation here:

brainly.com/question/899282

#SPJ4

7 0
1 year ago
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