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Leviafan [203]
3 years ago
8

An auditor ordinarily sends a standard confirmation request to all banks with which the entity has done business during the year

under audit, regardless of the year-end balance. One purpose of this procedure is to:
A. seek information about loans from the banks.
B. detect kiting activities that may otherwise not be discovered.
C. request that a cutoff bank statement and related checks be sent to the auditor.
D. provide the data necessary to prepare a proof of cash.
Business
1 answer:
Virty [35]3 years ago
3 0

Answer:

A. seek information about loans from the banks.

Explanation:

A loan can be defined as an amount of money that is being borrowed from a lender and it is expected to be paid back at an agreed date with interest.

Generally, the financial institution such as a bank lending out the sum of money usually requires that borrower provides a collateral which would be taken over in the event that the borrower defaults (fails) in the repayment of the loan.

An auditor refers to an authorized individual who review, examine and verify the authenticity and accuracy of business financial records or transactions.

An auditor ordinarily sends a standard confirmation request to all banks with which the entity it is auditing has done business during the year under audit, regardless of the year-end balance. One purpose of this procedure is to seek information about loans from the banks so as to examine and verify the amount that was loaned by the bank to the business entity, as well as comparing the figures (values) to that on the balance sheet.

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Can someone describe Microeconomics and Macroeconomics in their own words?
Vikentia [17]

Answer:

microeconomics: The study of the behavior of individual households and firms in making decisions on the allocation of limited resources. Macroeconomics: The study of the performance, structure, behavior, and decision-making of an economy as a whole, rather than individual markets.

Explanation:

3 0
3 years ago
For the purchase of a smartphone, an independent rating agency indicates that many consumers use price, display, camera quality,
Juliette [100K]

Quality is used to assesses the dimension of the products for reaching its fame among customers.

<u>Explanation:</u>

  • The Product is said to be good only when it satisfies the best quality norms the quality is considered as the main dimension for purchasing the product.  
  • Quality is not considered as just a word but it contains many factors such as durability, reliability, aesthetics, conformance,  price, serviceability, performance, and features of the particular product in all sorts of time with any sort of usage prescribed for it.
3 0
3 years ago
Jeff was recently hired as a flight attendant. He is expected to use both mind and body to becheerful on the job. Jeff's flight at
hjlf

Answer: The person must be able to regulate their emotions to do a good job.

Explanation:

The flight attendant job is one that requires great physical and mental effort. In the physical aspect, the person must be prepared to withstand long hours of flight, problems falling asleep, standing to serve the crew of the plane and various activities that involve physical effort, and this is accompanied by mental work.

The mental work that must be done by a person who works as a flight attendant is very large. It must constantly deal with a large number of people with different cultures, which means that things are not always going to go as expected. First of all, the flight attendant must maintain a cordial attitude and remain calm, since if some uncomfortable situation is to blame it is usually on the part of the flight attendant even if she is not guilty.

A person exercising the flight attendant profession may feel a day in a bad mood and will have to put this aside and try to give a good face to fulfill their duties on the plane. It is important that their expressions and their way of behaving towards others be as friendly as possible.

Exercising a function where you have great contact with people can often create great tensions because, due to human differences, there may be a time when incompatibility occurs and conflicts exist, the flight attendant cannot let them reach these levels since its function focuses on keeping passengers as comfortable as possible while they are flying.

3 0
2 years ago
Hairston Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets a
aleksandrvk [35]

Answer:

Amount in flexible budget of cost of direct material for the month of November shall be $93,456

Explanation:

Flexible budget is the budget prepared based on actual level of output, in relation to standard cost as estimated.

Here, for the month of November

Actual activity = 7,920 units

Standard material cost = $11.80 per unit

Amount in flexible budget based on actual quantity of output shall be

7,920 \times $11.80 = $93,456

Actual cost = $93,926

Therefore, amount in flexible budget of cost of direct material for the month of November shall be $93,456

5 0
3 years ago
Is 5 a rational number
Troyanec [42]

It is a rational number.

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