All categories

3 years ago

What is a significant difference between Accountants and Auditors and other professionals?

Business

2 answers:

aksik [14]3 years ago

3 0

Answer:

The difference between the function of an accountant and an auditor is that the accountant is responsible for keeping the administration of all the financial records of the company, and the auditor is responsible for ensuring that all these processes are in accordance with the laws.

both differ with professionals who do not belong to the branches of economic sciences.

abruzzese [7]3 years ago

3 0

(sorry for yearlong reply)

Answer: (A) They have flexibility regarding where to work.

Explanation: right on edge whenever your seeing this

You might be interested in

Bennett Corporation has the following data as of December 31, 2018:

jenyasd209 [6]

Answer:

1.55

Explanation:

Total assets:

= Total Current Assets + Other Assets + Property, Plant, and Equipment

= 25,680 + 45,600 + 249,000

= $320,280

Total liabilities:

= Total Current Liabilities + Long-term Liabilities

= $51,670 + $143,010

= $194,680

Stockholder's equity:

= Total assets - Total liabilities

= $320,280 - $194,680

= $125,600

Debt to equity ratio:

= Total liabilities ÷ Stockholder's equity

= $194,680 ÷ $125,600

= 1.55

6 0

3 years ago

Jamar used to work as an office manager, earning $40,000 per year. He gave up that job to start a life-coaching business. In cal

Eva8 [605]

Answer:

B) opportunity costs.

Explanation:

The $40,000 salary that Jamar gave up are part of his opportunity costs.

Opportunity costs are the costs (or benefits lost) from choosing one activity or investment over another alternative.

When you calculate the economic profit of a new project you must include all the implicit or opportunity costs that you incur or lose due to the new project:

economic profit = accounting profit - implicit costs

7 0

3 years ago

Yocum Company purchased equipment on January 1 at a list price of $120,000 and received a $2,400 cash discount. Yocum paid $6,00

egoroff_w [7]

Answer:

The correct answer is $129,360.

Explanation:

According to the scenario, the given data are as follows:

List price of equipment = $120,000

Cash discount = $2,400

sales tax = $6,000

Installation charges = $1,760

concrete slab = $4,000

So, we can calculate the total cost by using following formula:

Total cost = $120,000 - $2,400 + $6,000 +$1,760 + $4,000

= $129,360

8 0

3 years ago

The last step in writing is _____.

IgorC [24]

Answer:

proof read .................

8 0

3 years ago

Ferkil Corporation manufacturers a single product that has a selling price of $25.00 per unit. Fixed expenses total $65,000 per

Jlenok [28]

Answer:

8,000 units

Explanation:

Given that,

Selling price = $25.00 per unit

Total fixed expenses = $65,000 per year

Break even sales in units = 6,500

Target profit = $15,000

Break-even sales in dollar value:

= Break even sales in units × Selling price per unit

= 6,500 × $25.00 per unit

= $162,500

Break-even Point = Fixed Costs ÷ Contribution Margin per Unit

$162,500 = $65,000 ÷ Contribution Margin per Unit

Contribution Margin per Unit = $65,000 ÷ $162,500

= $0.4 per unit

Sales amount:

= (Fixed costs + Target profit) ÷ Contribution margin per unit

= ($65,000 + $15,000) ÷ $0.4 per unit

= $200,000

Therefore,

Sales in units = Sales in amount ÷ Selling price per unit

= $200,000 ÷ $25

= 8,000 units

5 0

3 years ago