Answer:
D
Explanation: Even though analytical procedures were performed during fieldwork of a compilation engagement, the agreed upon procedure was a compilation engagement. Additional review procedures was used during the compilation engagement for reasons the accountant deemed necessary. A review report can only be issued if the initial agreed upon engagement was a review of the company's financial statements and a full review engagement was conducted and not simply additional review procedures during a compilation engagement.
Answer:
The answer is: B) vertical alignment
Explanation:
Vertical alignment in a business represents how the strategies, objectives, action plans and decisions are carried out through the various organization levels. Ted has to check if the company's HR practices are in line with the company's strategic objectives.
Answer: a portion that reduces the outstanding loan balance & a portion that reflects interest
Answer:
Casey would prefer option 1; that he pays the premiums ($8,000). Even if Casey cannot deduct his insurance premiums as medical expenses, his income will only be reduced by $8,000. If he decided to take option 2, his income would be reduced by $8,800 (= $10,000 - 12%), so he is saving $800 by taking option 1.
On the other hand, Jean would prefer option 2; that her salary is reduced by $10,000 and her employer pays the premiums. By choosing option 2, Jean is going to lose $6,500 (= $10,000 - 35%). If she chose option 1, her income would be reduced by $8,000, so she is saving $1,500 by choosing option 2.
The difference is only in the strategy the company wants to use. For some market segments calculating the cost of goods sold by the permanent or periodic method may be more advantageous and allow a better monitoring of business efficiency and profitability. Companies often choose the method that best fits their organizational strategy. The periodic method, for example, as used by Kelty Industries, can be useful for greater input and output control, process optimization, consumer behavior assessment, and other advantages. But if Howe and Kelty wanted to change the calculation method, it would not affect anything, as the result would be the same regardless of the calculation, periodic or daily.
