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nalin [4]
4 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]4 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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Suppose that a firm is located along a river. the firm uses water from the river to cool its machinery and returns the water to
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<span>A firm is located along a river, which uses water from the river to cool its machinery and returns the water to the river several degrees warmer, which has led to a decline in the fish population downstream of the firm. If the firm does not have to pay for the damage to the downstream fish, the market equilibrium price will be efficient and the market equilibrium quantity will be efficient.</span>

8 0
3 years ago
Benson produced 4000 units during the quarter. At the end of the quarter, an examination of the labor costs records showed that
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Answer:

Direct labor efficiency variance= (Standard Quantity - Actual Quantity)*standard rate

Explanation:

Giving the following information:

Benson produced 4000 units during the quarter. At the end of the quarter, an examination of the labor costs records showed that the company used 25,000 direct labor hours and actual total direct labor costs were $250,000.

<u>We need the information regarding the standard rate for each hour of labor and the number of hours required to manufacture each unit</u>. The formula for direct labor efficiency variance is:

Direct labor efficiency variance= (Standard Quantity - Actual Quantity)*standard rate

6 0
3 years ago
if the goal of a government policy change is to increase the incentive for taxpayers to work and/or invest, which policy is most
Black_prince [1.1K]

If the goal of a government policy change is to increase the incentive for taxpayers to work and/or invest, <u>a decrease in </u><u>marginal tax rates</u> policy is most likely to be successful.

<h3>What is Marginal Tax Rate?</h3>

The marginal tax rate is the amount of additional tax that must be paid for each additional dollar of income received. The average tax rate is calculated as total taxes paid divided by total income earned.

An individual with a taxable income of $24,750, for example, will pay taxes at a rate of 10% on the first $19,900 of income and 12% on the remaining $5,000 since portion of the individual's income is subject to the higher tax rate of 12%.

Learn more about marginal tax rates here: brainly.com/question/29029623

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sammy [17]

Answer:

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List generator compiles customer information from a variety of sources and segments the information for different marketing campaigns.

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1. Products: this is typically the goods and services that gives satisfaction to the customer's needs and wants. They are either tangible or intangible items.

2. Price: this represents the amount of money a customer buying goods and services are willing to pay for it.

3. Place: this represents the areas of distribution of these goods and services for easier access by the potential customers.

4. Promotions: for a good sales record or in order to increase the number of people buying a product and taking services, it is very important to have a good marketing communication such as advertising, sales promotion, direct marketing etc.

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