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Verdich [7]
2 years ago
15

Auditors may decide to perform some tests of controls or not perform any tests of controls, if inherent risk is assessed as ____

____. moderate or low high or moderate unusually high None of these options are correct.
Business
1 answer:
Ivanshal [37]2 years ago
6 0

Answer: Moderate or low

Explanation:

Tests of Control are one by auditors to determine the effectiveness of the internal controls in the company in being able to detect accounting errors and anomalies.

If a company seems to have a moderate or low inherent risk the Auditors may or may not initiate Tests of Control due to this reduced risk.

If the company however, has either high or moderate or unusually high risk, the Auditors have to perform Tests of Control to determine where the company is going wrong.

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A business initially sells their product to customers for $50. They find that many people are buying their product so they rise
pav-90 [236]
Answer: It will reduce in demand

Explanation: If you raise a price customers are less likely to buy it when it’s at a higher price
8 0
3 years ago
A product has annual demand of 100,000 units. The plant manager wants production to follow a four-hour cycle. Based on the follo
vova2212 [387]

Answer: The options are given below:

A. $18.00

B. $1,036.80

C. $2.00

D. $7.20

E. $64.00

The correct option is D. $7.20

Explanation:

From the question above, we were given:

Annual demand = 100,000 units

Production = 4 hour cycle

d = 400 per day (250 days per year)

p = 4000 units per day

H = $40 per unit per year

Q = 200

We will be using the EPQ or Q formula to calculate the cost setup, thus:

Q = √(2Ds/H) . √(p/(p-d)

200=√(2x400x250s/40 . √(4000/(4000-400)

200=√5,000s . √1.11

By squaring both sides, we have:

40,000=5,550s

s=40,000/5,550

s=7.20

4 0
3 years ago
______is the satisfaction or value people extract from consumed services or goods and those derived from pursued activities. A.
Mars2501 [29]

Answer:

utility

Explanation:

;/

7 0
3 years ago
I need nitro gold. plz, donate to nitro type user DeckertheBEAST. don't answer for the points. GUYS I'M IN NEED. Thanks for thos
katrin2010 [14]

Answer:

whats that? ._.

Explanation:

8 0
2 years ago
Read 2 more answers
a company had net revenues of $1,800,000 and total expenses of $800,000, not including income taxes. it paid $300,000 in dividen
Gnesinka [82]

The company's total expenses, excluding income taxes, were $800,000, with net revenues of $1,800,000. It distributed dividends of $300,000. and it has a net income of $1,000,000 before taxes.

Net revenues = $1,800,000

Less: Total expense = $800,000

Net income before tax = $1,000,000

A dividend is a payment made by a company to its shareholders out of its profits. When a business generates a profit or surplus, it can distribute a portion of that profit to shareholders in the form of a dividend. Any unused funds are retained and reinvested back into the company. Both the profit from the current year and the retained earnings from prior years are available for distribution; a corporation is typically not allowed to pay a dividend out of its capital.

The amount that is distributed to shareholders may be paid in cash (typically a deposit into a bank account) or, if the company has a dividend reinvestment plan, it may be paid by the issuance of additional shares or the repurchase of shares.

To learn more about Dividends visit here:

brainly.com/question/28044310

#SPJ4

8 0
9 months ago
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