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Lesechka [4]
3 years ago
15

Accounting professionals can perform various services that provide assurance about the and of information given by one party to

another.True / False.
Business
1 answer:
Burka [1]3 years ago
8 0

Answer:

It is true

Explanation:

Chartered Accountants most especially external auditors are trained to provide assurance services that will give credit and reliability to the financial information being presented to the users by the directors.

Their services include statutory audit and other related assurance services.

The report produced by a Chartered Accountant (e.g External Auditor) gives reasonable assurance to the shareholders of the company or any other external users.

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One project has three cash flows: att0, the initial investment cost is $150; att1, theproject pays $121; att2, the project needs
olga2289 [7]

Answer:

$260

Explanation:

the cash flows associated to this project are:

year 0 = -$150

year 1 = $121

year 2 = -$242

year 3 = $665.50

the discount rate is 10%

using a financial calculator, the project's net present value (NPV) = $260

since the NPV is positive, then this project should be carried out

6 0
3 years ago
The following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 20Y6: 1. Cash bala
RUDIKE [14]

Answer:

The amount should the bank report = $ 21725

Explanation:

Entries:

3.Dr  accounts payable    23375

        Cr Bank                           23375

4. Dr Bank    7500

        Cr Account receivable   7500

5. Dr Bank  900

               Cr Accounts payable 900

  (Error in check)

6. Dr Bank charges    45

              Cr Bank                45.

   (To record bank charges)

                                       

                                        Creative Design co

                                Bank Reconciliation statement

                                                                                                              $

Balance as per bank statement as Aug  -20Y6                      =  37600

<u>Adjustment:</u>

Add: Deposit in transit                                                                  = 7500

Less: Outstanding checks                                                            = (<u>23375</u>)

Adjusted balance                                                                              <u>21725</u>.

Balance as per Cash book                                                            = 20870

Less : Bank charges                                                                      =  (45)

Add: Error in check                                                                        = <u>900</u>

 Adjusted Balance                                                                           <u>21725</u>

3 0
3 years ago
Company XYZ uses labor hours to allocate its manufacturing overhead. The direct labor cost rate is $8 per direct labor hour. The
mote1985 [20]

Answer:

A

Explanation:

7 0
3 years ago
Read 2 more answers
Alfred, an architect at Abode Inc., uses the term "spatial organization" while communicating to his client. The client is unable
vlabodo [156]

Answer:

Jargon

Explanation:

Based on the scenario being described within the question it can be said that the term "spatial organization" exemplifies Jargon. This term refers to any and all specialized terminology associated with a specific field or area of expertise. It is usually used between individuals of the same field who understand the word's meaning in a certain context, since those outside of the field may not understand it.

4 0
3 years ago
A strategic perspective on project management might ask all of the following questions pertaining to organizational setting prio
ycow [4]

Does this project support the company vision?

Explanation:

Strategic project management aims at the broader picture and the advantages that the project can contribute to the company's overall performance and profitability.

Strategic project management utilizes corporate and project management methods to support the enterprise step ahead.

Ask a concern as to whether the initiative suits the company's mission would be very beneficial as it aims to facilitate the progress of the company's goals.

8 0
3 years ago
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