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marta [7]
3 years ago
10

Which of the following is not true about the confirmation of accounts receivable?A. Confirmation requests should bear the audito

rs' return address.B. Confirmation requests should be signed by the auditors.C. Confirmation requests should be mailed directly by the auditors.D. Confirmation requests should include a return envelope addressed to the office of the auditors.
Business
1 answer:
grigory [225]3 years ago
6 0

Answer:

B

Explanation:

A. The return address needs to be included in order for the purchaser/seller to directly confirm the accounts receivable without the client having involvement.

C. Similar to A, the confirmation requests should be sent directly to the auditor to ensure that no client involvement is included.

D. Similar to A and C, the key to confirmations is that the client has no involvement in the confirmation, to reduce and eliminate the risk of meddling.

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Do you think it makes sense for a transnational organization to have more than one headquarters? What might be some advantages a
erica [24]

Answer: A transnational organization is an organization that operate in more than one country. It is very important for such organization to have headquarters in each country their operate, because each country their operate will demand that the company should be registered as an organization, according to the countries terms and condition.

When a transnational company has at least one headquarters in the country their operate, it will help the operations of it's business in that country, It will help the organization in fast decision making, it will help the organization to run it's business in different ethics in accordance with the country it operates, it will help the organization in it's mode of employment. The organization can have a corporate headquarters in the country of it's origin, where the Managing directors of each headquarters come to discuss the business of the company.

One example of a transnational organization which has more that one headquarters is ExxonMobil. This company has more than 10 headquarters in different countries. And it's corporate headquarters is in Texas.

5 0
3 years ago
In the confirmation of accounts receivable, the auditor will most likely
crimeas [40]

Answer:

A. Request confirmation of a sample of the inactive account.

Explanation:

In the confirmation of accounts receivable, the auditor would most likely Request confirmation of a sample of the inactive accounts .

6 0
3 years ago
Which of the following is a characteristic of a management control​ system? A. It deals with coordinating planning across the or
Katen [24]

Answer:

D. Helps managers to act rapidly and with autonomy

Explanation:

The management control system defines that every policy and procedure should be followed in a proper manner and work on new strategies for the benefit of the organization. It helps in managing the hierarchy level and differentiates the performance company resources like finance, marketing, sales, Human resource management, operations, etc.  

Therefore the management control system provides to work with sovereignty so that the work runs in a smooth and inefficient and effective manner. It also helps the managers to take the action quickly before things go out of control.

3 0
3 years ago
Bed & Bath, a retailing company, has two departments, Hardware and Linens. The company's most recent monthly contribution fo
Dafna1 [17]

For this problem, we are required to calculate the net operating income.

In order to answer the question, we will first calculate the impact of the changes on the Hardware department. Then we will add the remaining fixed costs that are currently charged to Linens that will continue.

To calculate net operating income, subtract operating expenses from the revenue generated by a property. Revenue from real Hardware department estate includes rental income, parking fees, service changes, vending machines, laundry machines, and so on.

Net income, also known as the bottom line, Hardware department indicates a business's profitability. It shows how much profit is left from revenue after accounting for expenses and liabilities. Net income is profit that can be distributed to business owners or shareholders or invested in business growth.

A corporation's positive net income causes an increase in the retained earnings, which is part of stockholders' equity. A net loss will cause a decrease in retained earnings and stockholders' equity.

learn more about Hardware department: brainly.com/question/27803497

#SPJ4

6 0
1 year ago
A tenant occupying 20,000 square feet in your building has two years remaining on their lease. You have a good relationship with
user100 [1]

Answer: $315000

Explanation:

From the information given in the question, the gross rental income that one will expect to receive for this space in the year after the lease expires goes thus:

= [(75% x 15) + (25% x 18)] x 20,000

= [(0.75 × 15) + (0.25 × 18)] × 20000

= (11.25 + 4.5) × 20000

= 15.75 × 20000

= 315,000

Therefore, the gross rental income is $315000

4 0
2 years ago
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