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
Viefleur [7K]
3 years ago
6

Which procedure would be of most assistance to an auditor discovering a large credit sale that has erroneously been recorded twi

ce?A. Footing the sales journal.B. Sending accounts receivable confirmations.C. Tracing the total sales in the sales journal to the general ledger.D. Observation of the physical inventory count at year-end.
Business
1 answer:
koban [17]3 years ago
4 0

Answer:

B. Sending accounts receivable confirmations.

You might be interested in
Which of the following is essential in a satisfying work environment?
Tems11 [23]
The answer is: B, A boss who is respectful and cooperative. Hope this helped.
7 0
3 years ago
Read 2 more answers
During the​ year, direct labor costs of​ $30,000 were​ incurred, manufacturing overhead totaled ​$42,000, materials purchased we
andriy [413]

Answer:

Total Manufacturing Cost = $96,347

Explanation:

Total manufacturing cost include all the costs related directly to the production, and does not include any indirect costs, or cost of selling and administration.

Thus, for the information provided we have,

Since not provided assumed no opening and closing inventory.

Total manufacturing cost =

Direct Labor Cost $30,000

Add: Manufacturing Overhead $42,000

Add: Materials Purchased $27,000

Less: Indirect Material included = ($2,653)

Total Manufacturing Cost = $96,347

4 0
3 years ago
Cost push is most likely to occur in those industries in which management or labor is so strong that it can dictate prices. True
krek1111 [17]

True because the cost economics is an economic model that includes the cost of negative

4 0
3 years ago
At a price of $2,000 per unit, the demand for Rancho 60 mountain bikes from Peyton Bike's Inc. is 300 units, which is the number
MaRussiya [10]

<em>If the marketing managers at Peyton Bike's Inc. decide to sell each bike at a price lower than $2,000 per unit</em><em>, a shortage of bikes will be created.</em>

<h3>Why are bikes in short supply?</h3>

As a result, additional problems like plant shutdowns and disruptions as well as the unheard-of increase in bike orders during the peak of the coronavirus pandemic have added to the supply chain difficulties. The sector has never before experienced such a massive increase in demand as it has over the past two years.

learn more about<em> </em>shortage of bikes here <u>brainly.com/question/13000057</u>

#SPJ4

4 0
2 years ago
Assuming periodic inventory procedure, what effect would an understatement of ending inventory have on the different items on th
Serjik [45]

Answer:

The understatement of the ending inventory balance would result in an overstatement of the cost of goods sold. This will in turn result in an understatement of the gross and net profits for the year in the p/l.

Explanation:

The relationship between the elements of inventory in a financial statement is as shown below,

Opening balance + purchases - cost of goods sold = closing balance

As such, the understatement of the ending inventory balance would result in an overstatement of the cost of goods sold. This will in turn result in an understatement of the gross and net profits for the year in the p/l.

5 0
3 years ago
Other questions:
  • The JPY/AUD spot exchange rate is 82.42, the JPY interest rate is 0.15%, and the AUD interest rate is 4.95%. If the interest rat
    12·1 answer
  • Receive cash from customers, $16,400. Pay cash for employee salaries, $10,400. Pay cash for rent, $4,400. Receive cash from sale
    9·1 answer
  • Wells Company's delivery truck, which originally cost $70,000, was destroyed by fire. At the time of the fire, the balance of th
    10·1 answer
  • While researching job boards and applying to companies ,which two of the following practices can help you stay organized ?
    10·1 answer
  • I have $65,000 that I need to invest but I want to make more than the bank is offering. Where can I get a high return on a short
    5·1 answer
  • Target purchases home goods made by a supplier in China. Target's stores in the United States sell 200,000 units of home goods e
    12·1 answer
  • What is most likely to happen if the Fed prints too much currency?
    8·1 answer
  • According to the multiple levels of analysis anchor:
    12·1 answer
  • If the owner of a condominium defaults on his mortgage, the owners of the remaining units: become subject to foreclosure. must i
    8·1 answer
  • Marvin had the following transactions: Salary $50,000 Interest on City of Chicago bonds $250 Bank loan (proceed to buy personal
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!