Answer:
Consider the likelihood that the risks could result in material misstatements.
Explanation:
The risk of material misstatement is the risk that the financial statements of an organization have been misstated to a material degree. This risk is assessed by auditors at the following:
At the assertion level. This is further subdivided into inherent risk and control risk. Inherent risk is the susceptibility of an assertion to misstatement because of error or fraud, before considering controls. Control risk is the risk of misstatement that will not be prevented or detected by a reporting entity's internal controls.
At the financial statement level. Relates to the financial statements as a whole. This risk is more likely when there is a possibility of fraud.
Compared to YZ,<span> who has only four levels of management between her and the company CEO, </span> Jacob has seven levels of management between himself and the company's CEO's, which means that Jacob's company has tall type of organizational structure. The tall organizational structure is characterized with <span>CEO at the top and multiple levels of management.</span>
a. if ebit is $275,000, what is the eps for each plan? (do not round intermediate calculations and round your answers to 2 decimal places,
Answer:
a. $8,600
Explanation:
The cost of goods manufactured equation is the sum of the total manufacturing costs (i.e all direct materials, direct labor, and factory overhead) and the beginning work in process inventory also subtracting the ending goods in process inventory.
The total raw materials was $8600 of which $6000 was debited to work in process and $2600 was debited to manufacturing overhead. The work in process is the cost of direct materials, hence the cost of good manufactured is given as the total raw materials which is $8600
Hmmm a challengeing question lol!!!!! Let's see you whould have a video conversation for your team at the start of the day and have a group discussion about what there doing and keep doing that throughout the day and have 1 person checking in throughout all there work...... hope this helps
