Answer:
The full sentence is:
The audit of inventories may help in the auditor determination of <u>COGS </u><u>(</u>cost of goods sold) 2. It is difficult to audit <u>DEPRECIATION</u> without the consideration of the property account. 3. Amortization relates to <u>INTANGIBLE</u> assets like depreciation relates to property and equipment. intangible 4. Auditors consider the <u>BAD DEBT</u> expense when determining the correct allowance for doubtful accounts. sales 5. Financial statements that <u>UNDERSTATE </u>the results almost never lead to legal action by financial statement users.
EXPLANATION:
Cost of goods sold, is the relationship between sales and expenses necessary to produce and store a particular good.
Depreciation is the mechanism by which the wear and loss of value that a good or asset undergoes due to the use made of it over time is recognized.
What cannot or should not be touched receives the qualification of intangible
Answer:
D. its complements.
Explanation:
A complement is a good or service used in conjuncture with another good. Therefore, if there is a decrease in the demand for a particular good, its complements will also see a decrease in demand. By the general supply and demand rule, an increase in the price of a good causes a decline in its demand and, therefore, causes a decline in demand for its complements.
Actual means the real selling price for the product paid by the customer whereas proposed selling price is the price which was suggested to be set for the product.
The correct answer is any amount higher than $5,400.
First, you need to solve the break even point of sales when Chris will earn the exact same amount by plan a or plan b. The following equation will solve this problem, with x being the amount of sales.
$360 + .09x = $630 + .04x
First, subtract .04x from both sides:
$360 +.05x = $630
Next, subtract $360 from both sides:
.05x = $270
Finally, divide both sides by .05:
X = $5,400
At $5,400 Chris will earn the same about of pay, regardless of which plan they are on. Since the commission percentage is higher on plan a, Chris is better off having plan a when sales are higher than $5,400. At this point Chris is earning 9% commission, rather than 4% in plan b.
Answer:
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Explanation: