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3 years ago

14

The printer ran out of preprinted sales invoice forms and several sales invoices were not printed. The best internal control to

detect this error is:__________

1 answer:

tamaranim1 [39]3 years ago

8 0

Answer:

Printer set up error

Explanation:

The best internal control to detect this error, is to do a quick check on the printer set.

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Blue Ridge Bank has a PM of 12 percent, an interest income to total assets ratio of 6.00 percent, and a noninterest income to as

lakkis [162]

Answer:

8.10 Percent

Explanation:

= 0.12 * (6% + 1.50%) * 9

= 8.10%

5 0

2 years ago

What factors might have caused the auditor to inappropriately accept the assertions by management that the vendor allowances sho

Korvikt [17]

Auditors may be inclined to accept client representations because of a natural bias to want <span>to trust the client.
Before doing the auditing process, auditor usually receive a small briefing from the management team on the financial system that they use in recording their transactions. </span>If these allowances had been used in the past the auditor<span> may have been inclined to accept them as regular business practices</span>

6 0

3 years ago

The long-time CEO of a large paper company is retiring. the members of the board want to make sure that the new person they hire

saul85 [17]

<h2>Leadership quality is required for the CEO</h2>

Explanation:

Upon all other quality, leadership quality always stands top and allow him / her to be in top position.

When the company is hiring new CEO, he must look out for the following qualities:

Proven leadership qualities
Dedication towards the work and mainly organization
Crisis management to resolve issues
The proven responsibility
The achievement made in the previous workplace
Ability to maintain confidentiality
Has good convincing skill
Ability to bring collaboration, cooperation among the team
Has control over the team

7 0

3 years ago

Turkey Hill Motor Homes currently sells 1,200 Class A motor homes, 2,600 Class C motor homes, and 4,000 pop-up trailers each yea

Colt1911 [192]

Answer:

The erosion cost = $ 49,190,000

Explanation:

Given:

Class A motor homes sold = 1,200

Class C motor homes sold = 2,600

pop-up trailers sold = 4,000

if the new camper is added,

decline in class A sales = 10%

Decline in class C sales = 2,100 units

Average cost of class A motor homes = $ 162,000

Average cost of class C homes = $ 59,500

Selling price for the pop-ups = $ 5,500

cost of the new mid-range camper = $ 32,900

Now,

Erosion cost is given as = Total decline in revenue from the sales

= (Decline in class A sales × Average cost of class A motor homes ) + (Decline in class C sales × Average cost of class C motor homes )

Erosion cost = ( 0.10 × 1,200 × $ 162,000 ) + ( (2,600 - 2,100) × $ 59,500 )

or

Erosion cost = 19,440,000 + 29,750,000

or

The erosion cost = $ 49,190,000

3 0

3 years ago

Hailey Corporation pays a constant $9.45 dividend on its stock. The company will maintain this dividend for the next 13 years an

Sloan [31]

Answer:

$64.76

Explanation:

The current share price can be determined by calculating the present value of the dividend

Present value is the sum of discounted cash flows

Present value can be calculated using a financial calculator

Cash flow from year 1 to 13 = 9.45

I = 10.7

PV = 64.76

To find the PV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

5 0

3 years ago