<span>Define what is meant by the phrase "planning materiality threshold".
Planning materiality threshold is defined as the complete materiality level for the financial statements in internal control. The auditor will establish a materiality level that is best based on the situation regarding the nature, extent and timing of the audit procedures. </span>
Answer:
a.67.9%.
Explanation:
Debt to Total Assets Ratio = Total Liabilities / Total Assets x 100
<em>Total Liabilities = $95,000,000
</em>
<em>Total Assets = $140,000,000
</em>
Debt to Total Assets Ratio = $95,000,000 / $140,000,000 x 100
Debt to Total Assets Ratio = 0.679 x 100
or
Debt to Total Assets Ratio = 67.9%
Hence, The Assets of Marker Co. are 67.9% funded by creditors.
Answer:
Cutting = $62,020
Pruning = $16,280
Explanation:
<em>The direct method does not consider the impact of reciprocal servicing arrangement when allocating the overhead of service centers and only allocates overhead to the production cost centers only.</em>
Allocation of Overhead
Janitorial overhead
Cutting = 6/(6+54)× $5,000 = $500
Pruning =54/(6+54) × $5,000= $4,500
Maintenance overhead
Cutting = 9/(9+1)× $7,800 = $7020
Pruning =1/(9+1) × $7,800= $780
Total cost of production department
Cutting = 54,500 + 500 + 7020= 62,020
Pruning department = 11,000 + 4,500 + 780 = 16,280
Cutting = $62,020
Pruning = $16,280
Answer:
Enterprise systems
Explanation:
Enterprise Resource planning (ERP) system has enterprise -wide integration and it is integrated end to end business departments and Business units. It interconnects different business segment or department. It helps a department / segment of business to support other departments / segments of the business.
