Using websites such as the U.S. Census Bureau is an example of what type of data source?

If an auditor is expected to detect the overstatement of sales, what should the auditor trace transactions from?.

-Dominant- [34]

If an auditor is asked to observe the overstatement of sales, the auditor trace transactions from The cash receipts diary should be linked to the sales journal.

<h3>How would an auditor detect the overstatement of sales?</h3>

The auditor detect the overstatement of sales are given below-

Observe a sample of transfers from the sales journal to the central ledger's sales account.
Approve a sample of sales from the sales diary to the shipment papers.

Thus, The cash receipts diary should be linked to the sales journal.

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7 0

2 years ago

4. What type of promotions do you think are most effective in the sports and

adoni [48]

Answer:

Publicity is the most effective way because consumers can see products in a specific way. ... A: Personal selling is more effective because it makes the customer want to come back and buy more products.

8 0

3 years ago

Suppose Stark Ltd. just issued a dividend of $1.59 per share on its common stock. The company paid dividends of $1.25, $1.33, $1

Harlamova29_29 [7]

Answer:

The answer is below

Explanation:

a) The dividend growth rate is given as D2/D1 - 1

Year Dividend Growth rate

1 $1.25

2 $1.33 ($1.33/ $1.25 - 1) 6.4%

3 $1.4 ($1.4/$1.33 - 1) 5.26%

4 $1.51 ($1.51/$1.4 -1) 7.86%

The arithmetic average growth rate is the average of all the growth rates.

Arithmetic average growth rate = (6.4% + 5.26% + 7.86%) / 3 = 6.51%

The cost of annuity = (cost of common stock / Selling stock price) * 100% + Average growth rate

The cost of annuity = ($1.59 / $40) * 100% + 6.51% = 10.49%

b) The geometric growth rate is given as:

geometric average growth rate =

$(\frac{D_n}{D_o} )^{\frac{1}{n} }-1\\D_n=1.51,D_o=1.25,n=3\\\\Geometric\ growth\ rate=\frac{1.51}{1.25}^{1/3}-1=6.5\%$

The cost of annuity = ($1.59 / $40) * 100% + 6.5% = 10.48%

7 0

3 years ago

Markham Publishing is known for its consultative buying center culture. Recognizing this corporate culture, someone attempting t

FromTheMoon [43]

Answer: B. Address the concerns of all members of the buying center with particular attention to the decision maker.

Explanation:

If a person is making an attempt to sell the Markham publishing, then he/she has to take into consideration all the possible factors that maybe able to affect each person in the buying center, but the factors affecting the decision maker should be given special consideration.

Thus, Address the concerns of all members of the buying center with particular attention to the decision maker.

8 0

3 years ago

Read 2 more answers

Global Corporation distributed property with an $850,000 fair market value and a $415,000 adjusted basis to one of its sharehold

Juliette [100K]

Answer:

1. The amount of the shareholder's dividend income on the distribution is $620,000.

2. The shareholder's basis in the property received is $850,000.

Explanation:

1. What is the amount of the shareholder's dividend income on the distribution?

From the question, it is stated that the property distributed was subject to a $230,000 mortgage which the shareholder assumed. This implies that the shareholder has taken up responsibility of paying off the mortgage loan. This will reduce the amount of dividend paid to the shareholder as follows:

Shareholder's dividend income = $850,000 - $230,000 = $620,000.

Therefore, the amount of the shareholder's dividend income on the distribution is $620,000.

2. What is the shareholder's basis in the property received?

When property is distributed to shareholders, the shareholder's basis in the distributed property is considered to be the fair market value (FMV) of the distributed property and it will be treated as if the distribution had been made in cash.

Therefore, the shareholder's basis in the property received is $850,000 which its fair market value.

4 0

3 years ago