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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

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Benoit company produces three products—a, b, and

Lana71 [14]

My answer is: Produce Product C first, then followed by Product A. to maximize contribution margin. Product B will not be produced since the maximum number of pounds has already been used in producing Products C and A.

 PER UNIT
 PRODUCT A B C
 SELLING PRICE 80 62 81
 VARIABLE EXPENSES
 DIRECT MATERIALS 24 18 9
 OTHER VAR EXP. 24 25.4 43.65
 TOTAL VAR EXP 48 43.4 52.65
 CONTRIBUTION MARGIN 32 18.6 28.35
 CM RATIO 0.4 0.3 0.35
 
COMPANY CAN SELL 800 UNITS OF EACH PRODUCT PER MONTH.
 SAME RAW MATERIAL IS USED IN EACH PRODUCT.
 MATERIAL COSTS 3 PER POUND W/ A MAX OF 5,000 POUNDS EACH MONTH
 
PRODUCT DM UNIT COST NO. OF LBS
 A 24 3 8
 B 18 3 6
 C 9 3 3
 PRODUCT NO. OF LBS/UNIT MAX UNITS TOTAL NO. OF LBS
 A 8 800 6400
 B 6 800 4800
 C 3 800 2400
 TOTAL 13600
 LIMITATION: 5,000 POUNDS PER MONTH ONLY.

 required: 
 1. calculate the contribution margin per pound of the constraining resource for each product. 
 2. which orders would you advise the company to accept first, those for a, b, or c? which orders second? third?
 
PLS. SEE ATTACHMENTS FOR MY FULL COMPUTATIONS.

5 0

3 years ago

"Redfox Pest Control Service had revenues of $425,000 and expenses of $338,000 for the current year, ended June 30. At the begin

andrew-mc [135]

Answer: The options are given below:

A. $292,000

B. $267,250

C. $205,250

D. $275,250

The answer is D. $275,250

Explanation:

Net profit = 425,000 - 338,000 = $87,000

Common Stock =110,000 + 25,000 = $135000

Retained Earnings = 70,000 + 87,000 = $157000

Less: Dividend paid = -$16,750

We will calculate shareholders equity as follows:

Total shareholders' Equity = common stock + retained earnings - dividend paid

=> $135000 + $157000 - $16,750

= $275,250

7 0

3 years ago

Read 2 more answers

WV Construction has two divisions: Remodeling and New Home Construction. Each division has an on-site supervisor who is paid a s

timofeeve [1]

Answer:

$258,000

Explanation:

Data given in the question

Salary paid on annual basis to onsite supervisor = $94,000

Salary paid on annual basis to one salaried estimator = $52,000

Two administrative assistant salaries $56,000 and $40,000

Salary of the president = $162,000

So, by considering the above information, the common fixed expense is

= Administrative salaries for one + administrative salaries for another + president salary

= $56,000 + $40,000 + $162,000

= $258,000

6 0

2 years ago

Quadcopters plans to sell a standard quadcopter (toy drone) for $ 55 and a deluxe quadcopter for $ 85. Funtime purchases the st

Harman [31]

Answer:

For break-even, number of standard quadcopter sold should be 238

and, number of standard quadcopter sold should be 2 × 238 = 476

to earn $7,700, number of standard quadcopter sold should be 392

and, number of standard quadcopter sold should be 2 × 392 = 784

Explanation:

Given:

Selling cost of standard quadcopter = $55

Selling cost of deluxe quadcopter = $85

Purchasing cost of standard quadcopter = $45

Purchasing cost of deluxe quadcopter = $65

monthly fixed expenses = $ 11,900

Now,

let the number standard quadcopter sold be 'x'

thus, according to the question

the number deluxe quadcopter sold will be = 2x

also,

at break-even

total cost = total revenue

Total fixed cost + Total purchasing cost = Total revenue

$11,900 + ($45x + $65 × 2x) = $55x + $85 × 2x

$11,900 + $45x + $130x = $55x + $170x

$11,900 + $175x = $225x

$225x - $175x = $11,900

$50x = $11,900

x = 238

Hence,

For break-even, number of standard quadcopter sold should be 238

and, number of standard quadcopter sold should be 2 × 238 = 476

To earn $7,700

Earning = Total Revenue - Total cost

$7,700 = ( $55x + $85 × 2x ) - [$11,900 + ($45x + $65 × 2x)]

$7,700 = $225x - $11,900 - $175x

$7,700 + $11,900 = $50x

$50x = $19,600

x = 392

Therefore,

to earn $7,700, number of standard quadcopter sold should be 392

and, number of standard quadcopter sold should be 2 × 392 = 784

4 0

3 years ago

What is plagarism in a essay

WITCHER [35]

Explanation:

copying another form of writing

7 0

2 years ago

Read 2 more answers