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Answer and Explanation:
Please find attached
The document that details the specific audit procedures for each type of test is the audit program.
The procedures that auditors follow in order to gather enough relevant audit evidence to make a professional judgment about the efficacy of an organization's internal controls.
To determine if transactions were appropriately categorized in the accounting records, audit techniques are utilized. For instance, it is possible to check purchase records for fixed assets to determine whether they were properly categorized into the appropriate fixed asset account.
To check if transactions have been recorded during the appropriate reporting period, audit processes are utilized. For instance, the shipping log can be examined to determine whether shipments to clients on the final day of the month were properly documented.
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Answer:
11.86%
Explanation:
First we need to calculate the return on equity(Re).
re = rf + B(rm-rf)
re = 0.03 + (1.4)*(0.11-0.03) => 0.142 or 14.2%.
Now the formula for WACC is,
WACC = (re * %of Equity) + ((rd * %of Debt)(1-tax rate))
Hence this is calculated as,
WACC = (0.70*0.142)+((0.30*0.08(1-0.20))
WACC = 11.86% or 0.1186.
Hope this helps. Goodluck.
Answer:
the selling price of the property is $183,333
Explanation:
The computation of the selling price of the property is as follows:
= (Price ÷ commission percentage) ÷ ( commission percentage)
= ($3,575 ÷ 30%) ÷ (6.5%)
= $183,333.
Hence, the selling price of the property is $183,333
We simply applied the above formula so that the correct value could come
.B is correct I just took the test