All categories

3 years ago

Audits may be characterized as

Business

2 answers:

BARSIC [14]3 years ago

7 0

Answer:

Explanation:

1. Analyze proprietary schools' spending to train students for low-demand occupations

Type of Audit

Economy and efficiency or program results

Type of Auditor

Governmental (GAO) auditors

2. Determine whether an advertising agency's financial statements are fairly presented with comformity of GAAP

Type of Audit

Financial statement

Type of Auditor

Independent CPAs

3. Study the effectiveness of the Department of Defense's expendable launch vehicle program

Type of Audit

Economy and efficiency or program results

Type of Auditor

Governmental (GAO) auditors

4. Compare costs of municipal garbage pickup services to comparable service contracted to a private business

Type of Audit

Economy and efficiency

Type of Auditor

Internal auditors

5.nvestigate financing terms of tax shelter partnerships

Type of Audit

Compliance

Type of Auditor

IRS auditors

6. Study a private aircraft manufacturer's test pilot performance in reporting on the results of test flights

Type of Audit

Compliance

Type of Auditor

Internal auditors

7. Conduct periodic examinations by the US Comptroller of Currency of a national bank for solvency

Type of Audit

Compliance

Type of Auditor

Bank examiners

8. Evaluate the promptness of materials inspection in a manufacturer's receiving department

Type of Audit

Compliance or Economy and Efficiency

Type of Auditor

Internal auditors

9. Report on the need for the states to consider reporting requirements for chemical use

Type of Audit

Program goal

Type of Auditor

Governmental (GAO) auditors

10. Render a public report on the assumptions and compilation of a revenue forecast by a sports stadium/racetrack complex

Type of Audit

Financial statemen

Type of Auditor

Independent CPAs

hammer [34]3 years ago

4 0

Answer:

(a) 2 and 9

(b) 5, 6 and 7

(d) 3

Explanation:

(a) financial statement audits,

2. Determine whether an advertising agency’s financial statements are fairly presented in conformity with GAAP. ( independent (external) auditors )

9. Report on the need for the states to consider reporting requirements for chemical use data. d governmental auditors Render a public report on the assumptions and compilation of a revenue forecast by a sports stadium/racetrack complex. ( independent (external) auditors )

(b) compliance audits,

5. Investigate financing terms of tax shelter partnerships. ( governmental auditors (IRS) )

6. Study a private aircraft manufacture’s test pilot performance in reporting on the results of text fights ( internal auditors )

7. Conduct periodic examinations by the U.S. Comptroller of Currency of a national bank for solvency. ( governmental auditors )

(c) economy and efficiency audits, and

1. Analyze proprietary schools’spending to train students for low-demand occupations ( governmental auditors )

4. Compare costs of municipal garbage pickup services to comparable services subcontract to a private business. ( internal auditors )

8. Evaluate the promptness of materials inspection in a manufacture’s receiving department. ( internal auditors )

(d) program results audits.

3. Study the effectiveness of the Department of Defense’s expendable launch vehicle program. ( governmental auditors )

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4 years ago

If Revere Company expects to sell 1,250 units of its product at $12 per unit, and break-even sales for the product are $13,200,

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Answer:

Margin of safety ratio= 0.12

Explanation:

Giving the following information:

Sales= 1,250 units

Break-even point in sales= $13,200

Selling price= $12

First, we need to determine the current sales in dollars:

Sales in dollars= 1,250*12= $15,000

Now, the margin of safety ratio:

Margin of safety ratio= (current sales level - break-even point)/current sales level

Margin of safety ratio= (15,000 - 13,200) / 15,000

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3 years ago

At the end of April, Cavy Company had completed Job 766 and 765. According to the individual job cost sheets the information is

IceJOKER [234]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Job 765:

Direct material= $5,670

Direct labor= $3,500

Machine Hours= 27

Job 766:

Direct material= $8,900

Direct labor= $4,775

Machine Hours= 44

Job 765 produced 152 units, and Job 766 consisted of 250 units.

Assuming that the predetermined overhead rate is applied by using machine hours at a rate of $200 per hour.

Costs sheet:

Job 765:

Direct material= 5,670

Direct labor= 3,500

Allocated overhead= 200*27= 5,400

Total cost= 14,570

Unitary cost= 14,570/152= $95.85

Job 766:

Direct material= 8,900

Direct labor= 4,775

Allocated overhead= 200*44= 8,800

Total cost= 22,475

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3 years ago

When the Toyota Prius first entered the marketplace, dealers kept waiting lists of people wanting one and the factories had to r

Finger [1]

Answer:

The correct answer is True.

Explanation:

The demand for a product in the market produces a demand derived from the raw materials necessary for its production. For example, when the demand for cars rises, the demand derived from auto parts also increases; and increasing the production of auto parts increases the demand derived from steel.

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3 years ago

Irish Corporation issued (sold) 15,000 shares of common stock for $65 per share. The bylaws established a stated value of $5 per

Orlov [11]

Answer:

the amount of increase in the common stock is $75,000

Explanation:

The computation of the amount of increase in the common stock is shown below;

= Number of shares of common stock sold × stated value per share

= 15,000 shares × $5 per share

= $75,000

Hence, the amount of increase in the common stock is $75,000

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3 years ago