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Tablets have bigger screens than smartphones
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Answer:
B.
Explanation:
Based on the information given that a large portion of sales occur at the last month of the year, a key audit concern or risk would be the revenue or sales cutoff. This concern is on the recognition of revenue in the appropriate period as most of the sales are recorded in the last month of the year. The risk exist that such sales are recognized to meet up with the yearly sales target of the organization. The performance of analytical procedure would not be effective as the results (trend) over the past 5 years have been similar. A test of internal controls at an interim date may also not be effective as there may be multiple level connivance to ensure that sales target are met. Also, the review of period end compensation of bonuses paid may not address the identified risk as such option B which deals with revenue recognition is the most appropriate option.
Answer:
30000 units.
Explanation:
Given:
Parwin Corporation plans to sell 29,000 units during August.
We can assume it as Cost of good sold.
If the company has 11,000 units on hand at the start of the month. We can assume it as Beginning inventory
And plans to have 12,000 units on hand at the end of the month. We can assume it as Ending inventory.
Question asked:
How many units must be produced during the month ?
Solution:
We can determine unit must be produced (purchase) during the month by this formula:
Cost of good sold = Beginning inventory + Purchase - Ending inventory
29000 = 11000 + Purchase - 12000
29000 = - 1000 + Purchase
Adding both sides by 1000
30000 = Purchase
Therefore, as Parwin Corporation plans to sell 29,000 units during August, he must produced 30000 units during the month.
