Answer:
a. Compare the details of cash receipts with journal entries.
b. Prepare a bank transfer schedule.
c. Confirm the terms of borrowing with the lenders agreement.
d. Send request to confirm the entity's account receivable balance.
e. Inspect payroll data of employees and cross check with the transaction recorded.
f. Obtain cut off bank statement to reconcile the transaction.
g. Examine the selected repair order and physically examine the equipment whether repair work is don or not.
h. Examine the supporting documents for the invoice such as purchase order, goods received note and Purchase requisitions.
i. Inspect the payroll endorsements for similar handwriting.
Explanation:
Audit is mandatory for all the companies. The verified financial statements are considered as reliable because they are rechecked by the auditors and if any error or fraud is found it is immediately corrected and rectified. Audit is a critical process which involves objectivity and integrity of a person. The auditors must be independent and they should not have any familiarity with the business employees or owners.
Answer:
Generally convertible bonds are cheaper than normal corporate bonds since the warrants that allow bondholders to convert them to stocks carry a price. If the stock price is undervalued, so will the warrants. This means that yes, the company will also lose money if they issue convertible bonds.
But what is really important here is what action results in the lowest loss. Issuing common stock will probably result in higher losses than issuing convertible bonds.
Developing an understanding of cultural implications can greatly improve workplace interactions in the long run, resulting in improved relationships with suppliers, customers and employees.
<h3>What are cultural implications?</h3>
The impacts of a policy, event, activity or movement on a particular culture are referred to as cultural implications.
External and internal events can weaken, change, or reinforce specific parts of a culture, affecting the success of cultural globalization.
In the long term, developing a cultural knowledge can considerably improve workplace interactions, resulting in improved connections with suppliers, customers, and employees.
Therefore, option D is correct.
To learn more about the cultural implications, refer to:
brainly.com/question/15373432
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<span>the services that Williamson mentions are usually paid for using federal income tax, and those that are paid for using state sales tax or property taxes are :
</span>
● Federal income tax : Entitlement Programs,
Education, Technology, Defense and Security, Social Security, Health
Problem Programs such as Medicare, Aid programs, Interest
on National Debts, Scientific and Medical Research, Transportation)
● Sales tax and property taxes : Roads, Schools, Sewer system,
Healthcare, E<span>ducation, Local Government Aid, Property Tax Relief,
Social Service Programs, Highways, Economic Development
Incentives and Grants for businesses, and other state programs and operations.</span>
When the price level in the United States fall relative to the price level of other countries, IMPORTS will fall, EXPORTS will rise and NET EXPORTS will rise.
When the price level of the United state is lower than that of another country, the amount of goods that will be brought from another country into US will be reduced while the amount of goods that US send to other countries will increase.
