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lapo4ka [179]
2 years ago
5

The purpose of an analysis of an account is to illustrate - in the account for the period under audit

Business
1 answer:
Archy [21]2 years ago
3 0

Answer:

all changes

Explanation:

Financial accounting is an accounting technique used for analyzing, summarizing and reporting of financial transactions like sales costs, purchase costs, payables and receivables of an organization using standard financial guidelines such as Generally Accepted Accounting Principles (GAAP).

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

The purpose of an analysis of an account is to illustrate all changes in the account for the period under audit. Thus, an audit of historical financial statements most commonly includes the balance sheet, income statement, statement of cash flows, and the statement of changes in stockholders' equity.

There are two (2) main types of financial analysis;

I. Vertical analysis.

II. Horizontal analysis.

In Financial accounting, Horizontal analysis can be defined as an analysis and evaluation of a financial statement which illustrates or gives information about changes in the amount of corresponding financial statement items, benchmarks or financial ratio over a specific period of time. It is one of the most important technique that is used to measure how a business is doing financially. Hence, it is also referred to as the trend analysis.

Under the horizontal analysis of financial statement, we use the financial statements of two or more periods; earliest and latter periods.

Generally, the earliest is chosen as the base period while all other items on the statement for a latter period will be compared with the items on the statement of the base period.

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With reference to product development, a _____ is defined as a set of systems and interfaces that form a common structure.
Gre4nikov [31]

Answer: product platform

Explanation: A product platform could be defined as a collection elements or specifications which may include design, pattern, formular, component or a certain technology adopted for building a certain product series. A product platform is aimed at increasing the speed and rate at which a certain product is produced, added flexibility in situations where little adjustment is required, cost effectiveness as it requures little upgrade in making new products and lessens developmental cost.

6 0
3 years ago
The Wheat Company has used the LIFO method for inventory valuation since the start of business 15 years ago. The current year en
yulyashka [42]

Answer:

Explanation:

Question 27

If Wheat Company had used the FIFO inventory method, income before income taxes would have been $75,000 higher in the current year. As inventory is an asset to the company. Therefore the $75,000 in inventory would have increased the company's asset and increasing the income before taxes.

Question 28

Other things held constant, which of the following will NOT affect the current ratio, assuming an initial Not yet current ratio greater than 1.0?

C. Accounts receivable are collected in cash.

Current ratio measures a company's ability to pay short-term obligations as at when due. It indicates that a company can manage its debts and other payable when their current assets is well managed.

It is calculated as Current Asset/ Current Liability. A ratio of 1 and above is the best meaning that a company an manage its debts obligations well.

3 0
3 years ago
Read 2 more answers
Assume that you manage a risky portfolio with an expected rate of return of 15% and a standard deviation of 30%. The T-bill rate
bulgar [2K]

Answer:

The proportion of the investment is 100%.

Explanation:

This can be calculated using the following formula:

Rportfolio = (y * Rrisky) + ((1 - y) * Ttbill) ..................... (1)

Where;

Rportfolio = Overall portfolio expected rate of return = 15%. or 0.15

Rrisky = risky portfolio expected rate of return = 15%, or 0.15

Ttbill = T-bill rate = 10%, or 0.10

Substituting the values into equation (1) and solve for y, we have:

0.15 = (y * 0.15) + ((1 - y) * 0.10)

0.15 = 0.15y + 0.10(1 - y)

0.15 = 0.15y + 0.10 - 0.10y

0.15 - 0.10 = 0.15y - 0.10y

0.05 = 0.05y

y = 0.05 / 0.05

y = 1.00, or 100%

Therefore, the proportion of the investment is 100%.

6 0
2 years ago
7) Dynozz Corporation currently produces cardboard boxes in an automated process. Expected production per month is 15,000 units,
DanielleElmas [232]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Variable cost:

Direct material= $0.50 per unit

Fixed cost:

Fixed overhead= $15,000

Total cost for 10,000 units:

Variable cost= 0.50*10,000= 5,000

Fixed costs= 15,000

Total cost= $20,000

Total cost for 15,000 units:

Variable cost= 0.50*15,000= 7,500

Fixed costs= 15,000

Total cost= $22,500

8 0
3 years ago
Pat used to work as an aerobics instructor at the local gym earning $35,000 a year. Pat quit that job and started working as a p
Ivan

Answer:

$34,000

Explanation:

Accounting profit = Total revenue - Explicit costs

i.e Total revenue = $50,000

     Explicit costs = $12,000 + $1,000 + $3,000 = $16,000

Therefore; $50,000 - $16,000 = $34,000.

6 0
3 years ago
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