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3 years ago

Question 10 (5 points)

Business

1 answer:

Nostrana [21]3 years ago

4 0

Answer:

Monthly bank statements should be sent to and reconciled by the same employees who authorize payments and write checks

Explanation:

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While auditing the financial statements of a nonissuer, a CPA was requested to change the engagement to a review in accordance w

oee [108]

Answer: Neither A not B

Explanation:

When an accountant compiles the financial statements of a nonissuer in accordance with Statements on Standards for Accounting and Review Services (SSARS), the accountant's report should include a statement: that the accountant does not express an opinion on the financial statements.

When an independent CPA assists in preparing the financial statements of a publicly held entity but has not audited or reviewed them, the CPA should issue a disclaimer of opinion. In such situations, the CPA has no responsibility to apply any procedures beyond Documenting that internal control is not being relied on.

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3 years ago

In a large food or beverage establishment, on what form or schedule is any tip shortfall from a directly tipped employee recorde

Softa [21]

A tip shortfall from a directly tipped employee should be recorded on form 8027. This form should be filed with the Internal Revenue Service (IRS) in order to account for allocated tips. This informs the IRS of tips that were unaccounted for to the server as being less than the expected (and set) percentage.

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3 years ago

How do political factors affect businesses

allsm [11]

Answer:

Change in the political factors can affect business strategy because of the following reasons: The stability of a political system can affect the appeal of a particular local market. Governments view business organizations as a critical vehicle for social reform. ... Government actions influence the economic environment.

Explanation:

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3 years ago

Job Shadows typically last six weeks half day one to three days one semester

Inessa05 [86]

A job shadow usually lasts one day, but there are cases when they could last several days to give you a more in-depth look at a certain career or company.

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4 years ago

LeMay Department Store uses the retail inventory method to estimate ending inventory for its monthly financial statements. The f

Nutka1998 [239]

Answer:

Cost to retail ratio = 57.05%

Explanation:

Particulars Cost Retail

Beginning Inventory $46,000 $66,000

Add: Purchases $213,000 $406,000

Less: Purchases Return $7,000 $9,000

Freight In $15,558 -

Net Markups - $6,400

Good Avail. for Sales (Without markdowns) $267,558 $469,000

Cost to retail ratio = $267,558/$469,000

Cost to retail ratio = 0.570486

Cost to retail ratio = 57.05%

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3 years ago