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xenn [34]
3 years ago
5

Which of these statements is true about the audit opinion formulation process presented in this chapter? a. The audit opinion fo

rmulation process is different for the financial statement only audit and the integrated audit. b. The audit opinion formulation process is based on the premise that management has responsibility to prepare the financial statements and maintain internal control over financial reporting. c. The audit opinion formulation process is comprised of seven phases. d. All of these are true statements regarding the audit opinion formulation process.
Business
1 answer:
lakkis [162]3 years ago
6 0

Answer:

The answer is B. The audit opinion formulation process is based on the premise that management has responsibility to prepare the financial statements and maintain internal control over financial reporting.

Explanation:

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The ACME company manufactured x brooms per month from January to April, inclusive. On the first of each month, during the follow
Papessa [141]

Solution:

Pick some smart number for x,

let x=2 (I chose x=2 as in this case monthly shipments would be X/2=1).

From January to April, inclusive 4x=8 brooms were produced and

in May the company paid for storage of 8-1 =7 brooms,

in next month for storage of 6 and so on.

So the total storage cost would be:

= 1 ∗ (7+6+5+4+3+2+1+0)

= 28

--> as x=2 , then 28 = 14x

So the answer is 14x

4 0
3 years ago
A bookstore expects to sell 120 calculus textbooks during the next year. It costs $1.50 to store one calculus textbook for one y
bonufazy [111]

Answer:

Bookstore A

The lot size that minimizes costs = 19

The number of times per year to place an order = 6 times.

Explanation:

a) Data and Calculations:

Expected sales units during the next year = 120 calculus textbooks

Cost of storing one calculus textbook for one year = $180 ($1.50 * 120)

Reorder cost = $274 ($10 + $2.20 * 120)

Lot size of order = square root of (2 * 120 * $274)/$180

= square root of 65,760/$180

= square root of 365

= 19 units

Number of times per year to place order = 6 (120/19)

4 0
3 years ago
The inductive approach to writing a business argument Multiple Choice
kotykmax [81]

Answer:

The correct answer is 2. provides the supporting reasons before the primary message.

Explanation:

7 0
3 years ago
You are the manager of a retail store. Shipments of the products you sell arrive once a week from the central warehouse and you
Tasya [4]

The BEST way to handle the situation is to work with central warehouse to arrange a predictable delivery time. Whereas, the WORST way to handle the situation is to change the delivery system so that goods are delivered only once a month.

So, if you are the manager of a retail store, and the shipments of the products you sell arrive once a week from the central warehouse you need to pull a couple of your workers from inside the store who can unload the shipments. As the truck arrives any time in a day, this creates problem as the workers are not availabe whenever the shipment arrives.

The best way through which one can handle the situation is by working with central warehouse to get appropriate information on the delivery date and so that the workers are made available accordingly. Whereas, the worst way to handle this situation is by changing the delivery system.

Hence, options 2 and 3 are correct.

To learn more about delivery system here:

brainly.com/question/28420229

#SPJ1

5 0
1 year ago
What is generally one of the major differences between union and nonunion workers?
musickatia [10]

Answer:

Union workers earn more money for similar work.

Explanation:

A labour union is when a group of workers come together to form an association for the benefit of members of the union. Labour unions have a higher bargaining power when compared with non union workers. This increases their potential for higher wages and better working conditions

Examples of labour unions in the US include :

  1. American Federation of State, County, and Municipal Employees  
  2. American Federation of teachers
  3. United Food and Commercial Workers  
  4. United Auto Worker
4 0
3 years ago
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