Answer:
The correct answer is letter "C": "If you do not report any differences with 15 days, it will be assumed that this statement is correct".
Explanation:
Accounts Receivable, or AR, is an accounting term used to refer to the money that is owed to a company by its customers. The customers, who may be individuals or corporations, are the debtors since they owe money for the goods or services provided by the company. When the product is sold in credit the company sets a number of days so that the customer can pay the bill amount. The term usually is 30, 60 or 90 days.
In that sense, and auditor may find 15 days suitable for a debtor for report changes in a statement, otherwise, it is considered as correct.
Answer:
$15,730
Explanation:
<em>under absorption costing overheads are charged to product units using an overhead absorption rate. </em>
The overhead absorption rate is determined using the formula below:
<em>Overhead absorption rate is = Budgeted Overheads / budgeted Labour hours</em>
Factory overhead Absorption rate (OAR)= $118,800/10,800
= $11 per hour
Amount of 0verhead to charge Number number 117
= 11 × 1,430
= $15,730
Answer:
D. $38,000
Explanation:
The formula to compute the accounting profit is shown below:
Accounting profit = Annual revenue - Explicit cost
= $52,000 - $14,000
= $38,000
It shows a relationship between the annual revenue and the explicit cost. The difference between these two is known as accounting profit.
The investment type that typically carries the least risk is saving account
