A Quality Audit is a structured review of specific quality management activities that help identify lessons learned that could improve performance on current or future projects.
<h3>What is an Audit?</h3>
An audit is the physical and thorough inspection of an organization's account or activities carried out by an independent body.
In a Quality management system, a Quality audit must be carried out. The quality audit is a structured review regarding the quality management activities that helps in improving performance of the organization.
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Answer:
The amount of cash received on January 24 is $3332
Explanation:
The amount of cash received will be for the net amount of receivable after adjusting for sales returns and the sales discount as the payment is received within the discount period of 10 days as stated by the term 2/10 which means a 2% discount if payment is received within 10 days of sale.
The accounts receivable at January 15 after sale were $4500. Out of this amount, $1100 of returns are made. Thus, the remaining balance of accounts receivables after return is $4500 - $1100 = $3400
The discount received will be = 3400 * 2% = $68
Thus, the cash received on January 24 will be 3400 - 68 = $3332
Answer:
The statement is: True.
Explanation:
If we have been given an assignment, it is important to set a schedule of activities to ensure that the final form of our work is delivered on or before the <em>due date</em>, if possible. In the way, there could be problems of various types -for example, technology when delivering a report- that could interrupt our work. Therefore, it is important to consider those risks while scheduling so that we have a contingency plan that will not impact our research and the date we will deliver it.
Answer:D.$14,100 gain
Explanation:
The par value of a bond is $100 when it's issued below the price it's issued at a discount which is a loss to the firm and when it's issued above the par value, it's issued at a premium which is a gain.
The issue of $705,000 means 7050 numbers were issued and retiring it $102 means at a premium of $2 per bond and a total of N14,100 gain.
