Answer:
$30,400
Explanation:
The computation of the lower-of-cost-or-net realizable value is shown below:-
Inventory Cost Net realizable value Lower cost
Camera $11,200 $10,000 $10,000
Camcorders $7,700 $8,800 $7,700
DVDs $13,900 $12,700 $12,700
The Lower cost $30,400
Answer:
D. Determine the expected day of collection of each of the receivables.
Explanation:
An auditor's primary concern should be to verify the existence and size of the accounts receivable. The auditor should evaluate the suitability of the internal control systems for account receivable.
Determinating the expected day of collection for each receivable is good, but should not be the primary responsibility of an auditor handling accounts receivable. While accounts receivable is a function of the accounting department, the collection of debts is a role of credit control. Managing the level of credit and their due dates is not a function of the account receivable section. For this reason, examining the actual time of collection should be done when auditing the credit department.
Answer:
27.85 years
Explanation:
In this question we use the NPER formula that is shown in the spreadsheet
Provided that
Present value = $767.50
Future value = $1,000
Rate of interest = 8.49% ÷ 2 = 4.25%
PMT = $1,000 × 6.3% ÷ 2 = $31.50
The formula is shown below:
= NPER(Rate;PMT;-PV;FV;type)
The present value come in negative
So, after solving this, the number of years is 55.71
But in this case, it would be
= 55.71 ÷ 2
= 27.85 years
Answer:B. China’s Three Gorges Dam
Explanation:
China’s Three Gorges Dam is 1.4 miles wide (2.3 kilometers) and 630 feet (192 meters) .
It holds more than 3 trillion gallons of water.
The Guri dam in Venezuela is the second largest dam in the world.
The Itaipu dam is the third largest dam in the world.
Answer:
Overall rate will be 345
Explanation:
We have given that in Architectural Designs Inc there are three partners who earn $80000 each
So total earn of three partners = 3×$80000 = $240000
Amount earn by associates = $58000
So total amount ear by associates = 3×$58000 = $174000
So the total amount earn = $240000+$174000 = $414000
Total bailable hours = 2000×6 = 12000
So overall rate per hour
Number of hours works on project = 10 hour
So the overall rate = 34.5×10 = 345