Answer:
Send some positive confirmation requests
Explanation:
This is an inquiry made by an auditor to a third party, the not audited party, that requires a formal response. It is done regarding whether the third party, residents' delinquent real estate taxes, match those that Cooper is examining.
Due to Cooper is auditing the financial statements of a small rural municipality, they could not require a negative confirmation, where the third party only has to answer if the records match or not.
Answer:
Explanation:
Adams division:
Net income - 605000
Minimum acceptable income = [Total capital employed*Rate of return] = 4000000*0.08=320000
Residual income= NI-Minimum acceptable income=605000-320000=285000
Jefferson division:
Net income - 315000
Minimum acceptable income = [Total capital employed*Rate of return] = 3250000*0.08=260000
Residual income= NI-Minimum acceptable income= 315000-260000= 55000
Answer:
3.7 years and 3.6 years
Explanation:
The formula to compute the payback period is shown below:
= Initial investment ÷ Net cash flow
So, for the first airplane, the payback period is
= $24,420,000 ÷ $6,600,000
= 3.7 years
And for the second airplane, the payback period is
= $33,480,000 ÷ $9,300,000
= 3.6 years
We simply divided the initial investment by the net cash flow so that the payback period could come
Answer:
Option A will save her $4,500
Explanation:
Calculation to determine Which statement about the costs per year is true
First step is to calculate OPTION A cost per year
Option A Costs per Year
Work-Study $4,000
Tuition & Fees $10,000
Scholarship & Grants $7,000
Room & Board $11,500
Total $18,500
Second step is to calculate OPTION B cost per year
Option B Costs per Year
Work-study $4,000
Tuition & Fees $28,000
Scholarship & Grants $18,000
Room & Board $9,000
Total $23,000
Now let determine Which statement about the costs per year is true
Costs per year= $23,000-$18,500
Cost per year=$4,500
Therefore the statement about the costs per year that is true will be: Option A will save her $4,500 because the cost per year for OPTION A is LESS COSTLY than that of option B by $4,500.
Answer:
The correct answer is D: Total= $154800
Explanation:
Giving the following information:
Purchase price= $140000
Sales tax= $8000
Delivery charge from seller's location= $1,800
Special racks for storage= 3,000
Normal repairs= $1,100
Signs painted on the truck= $2,000
Insurance on the truck before it was used for the first time $3,000
Cost of truck=
Purchase price= $140000
Sales tax= $8000
Delivery charge from seller's location= $1,800
Special racks for storage= 3,000
Signs painted on the truck= $2,000
Total= $154800