Answer:
B) I and III
Explanation:
Generally Accepted Audit Standards are used for auditing private companies. They provide systematic guidelines to auditors when conducting audits on companies' financial statements. They check for the auditor's verifiability of the company's compliance to the Generally Accepted Accounting Principles (GAAP) as well as their accuracy and consistency of their records. Therefore, choices I and III are correct.
Answer:
(b) Goods shipped on consignment to Logan Holdings Inc. on January 5.
(c) Goods shipped to a customer, FOB destination, on January 29 that are still in transit.
Explanation:
Gato Inc. should include two items in its inventory. Good shipped on consignment to Logan Holdings Inc. should be included in inventory because this is transaction after the closing of December period. Goods shipped tp a customer on January 29 must also be included in the inventory because the goods are still in transit.
Answer:
-0.2; less elastic to price
Explanation:
Given that,
Percentage change in the price of gasoline = 5%
Percentage change in the quantity demanded = 1%
Therefore, the price elasticity of demand is as follows:
= Percentage change in the quantity demanded ÷ Percentage change in the price of gasoline
= (-1) ÷ 5
= -0.2
Hence, the demand for gasoline is less elastic to price because higher percentage change in prices will lead to lower percentage change in the quantity demanded.
Answer:
Exact flow time = 14.5 hours
Value added percentage of flow time = 0.0020
Explanation:
Exact Flow time is calculated as :
1 + 2+ 2+ 3+ 2+ 2+ 05+ 2 hours + [1.75 minutes / 60] hours = 14.50 hours
14.50 * 60 = 871.75 minutes
Value added percentage of flow time calculations :
1.75 minutes / 871.75 minutes = 0.0020 or 0.2%
I would say C. $2200 because she pays $100 per month for the insurance so $100 x 12 = $1200 so that is the cost per year for the premiums. If she has a $5000 claim and has a $1000 deductible then she will have to pay the first $1000 of the $5000 so $1000 + $1200= $2200.
