1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ELEN [110]
3 years ago
7

What type of supporting schedule is designed to show detailed tests performed, does nottie into the general ledger, but must sta

te a positive or negative conclusion about the objective of the test?
A) outside documentation
B) reconciliation of amounts
C) examination of supporting documents
D) substantive analytical procedures
Business
1 answer:
lianna [129]3 years ago
8 0

Answer:

C) examination of supporting documents

Explanation:

<em>Examination of supporting documents</em>, is a  type of supporting schedule, which is designed to show detailed tests performed, does not tie into the general ledger, but must state a positive or negative conclusion about the objective of the test.

You might be interested in
Sally has invested $10,000 now and wants to earn a real interest rate of 10% per year. Assume that the inflation rate is 7% per
hodyreva [135]

Answer:

Results are below.

Explanation:

Giving the following information:

Inflation rate= 7%

Real rate of return= 10%

Present value (PV)= $10,000

Number of periods (n)= 10 years

<u>The real rate of return incorporates the effect of the inflation rate. Therefore, the nominal rate of return:</u>

Nominal rate of return= 0.1 + 0.07= 17%

<u>To calculate the Future Value, we need to use the following formula:</u>

FV= PV*(1 + i)^n

FV= 10,000*(1.17^10)

FV= $48,068.28

This is the n<u>ominal valu</u>e received after ten years.

<u>If Sally wants to determine the real value of the investment after 10 years, we must use the real rate of return:</u>

<u></u>

FV= 10,000*(1.1^10)

FV=$25,937.42

4 0
3 years ago
Which accurately describes full-service brokers?
Margaret [11]

<u>Answer: </u>Option C provide advice to buying and selling stocks

<u>Explanation:</u>

A full service broker possesses a license to perform his job. He offers services such as advice, research and planning tips for the clients. Full service broker charges a commission which are generally high as they provide various services.

The service provided by full service broker is customized for the consumers based on their needs. If the client requires a stock broker or financial advisor they are assigned to  them each individually. The investment plan and wealth management can be done through full service broker.

8 0
3 years ago
Because of uncertainty about future inflation, the union devotes a large quantity of resources to monitoring inflation indicator
babymother [125]

This illustrates that a moving <span>inflation is directly related to the increasing costs of transactions. The situation perfectly implies that costs will be incurred to ensure efficient and effective flow of processes. This theory also applies to all business strategies of companies.</span>

6 0
3 years ago
Blissful Blankets' target profit is $520,000. Each blanket has a contribution margin of $21. Fixed costs are $320,000. The numbe
zysi [14]

It can be deduced that the number of blankets that must be sold in order for the company to achieve the target profit is 40000.

<h3>How to calculate the target profit</h3>

From the information, Blissful Blankets' target profit is $520,000 and each blanket has a contribution margin of $21. Fixed costs are $320,000.

Therefore, the number of blankets that must be sold to achieve the target profit will be:

= (520000+320000)/21

= 40000

Learn more about profit on:

brainly.com/question/1078746

5 0
2 years ago
When might be the best time to start saving for retirement?
Delvig [45]
It would be d bc it not everyone does all of the things they are saying
7 0
3 years ago
Read 2 more answers
Other questions:
  • Singal Inc. is preparing its cash budget. It expects to have sales of $30,000 in January, $35,000 in February, and $20,000 in Ma
    9·2 answers
  • Owen Cartwright has joined a real estate syndicate that bought an office building in downtown Orlando, Florida. What type of inv
    10·2 answers
  • The fallacy of _____ is arguing erroneously that what can be said of the whole can be said of the parts.
    5·1 answer
  • When a person gains a benefit from a previously unauthorized act of an agent and does not deny the authority to act after learni
    13·1 answer
  • If Pete raises his price of muffins from $2 to $3 and his sales revenue increases from $35,000 to $38,000, then:a. this is impos
    13·1 answer
  • What are personal, property, and liability risks? What are examples of personal, property, and liability risk?
    5·1 answer
  • You have just been hired as the accountant for Fan-Tastic Sports Gear Inc., a wholesaler of sporting goods and apparel. The prev
    7·1 answer
  • Two metrics that are used to measure a company's financial performance are net income and cash flow. Accountants emphasize net i
    10·1 answer
  • When did banks of deposit first arise?
    8·1 answer
  • all of the following would be considered manufacturing overhead costs by a book publisher except a. wages paid to the production
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!