Confirm accounts receivable ending balances and sales terms, such as right of return and consignment arrangements.-- Existence and accuracy
What is an Accounts Receivable Confirmation?
When an auditor is examining the accounting records of a client company, a primary technique for verifying the existence of accounts receivable is to confirm them with the company's customers. The auditor does so with an accounts receivable confirmation
What does it mean to confirm account?
Account verification is the process of verifying that a new or existing account is owned and operated by a specified real individual or organization. A number of websites, for example social media websites, offer account verification services.
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There are 5 elements of the feasibility study:
1) Description - of items or services offered, delivered, overview
2) Market feasibility - is there a market? is the market worth entering?
3) Technial feasibility - how service will be delivered
4) Financial feasibility - funding needed for product or service to launch, what will they make from the product or service
5) Organizational feasibility - legal aspect of the business
In this case, market feasibility is the most important element because if there isn't a desire or market for the product or service, there is no reason to enter that market. If a market is not being entered, funding, legal aspects and knowing how to advertise/deliver the product is not necessary.
Options:
A. Judy's producer surplus is $270,000
B. Judy's producer surplus is $5000
C. Gary's Consumer surplus is $5000
D. Judy's consumer surplus is $30000.
Answer:
B. Judy's producer surplus is $5000
D. Judy's consumer surplus is $30000.
Explanation: Surplus is a term used to describe the amount spent in excess of the Actual worth of a given asset or a material, the asset or material can either for business, convenience or for leisure.
Producer surplus is the amount which a producer expected to be paid for the supply or production of a particular product and the amount received after supply.
JUDY'S PRODUCER SURPLUS= ACTUAL AMOUNT IT WAS SOLD-THE AMOUNT THE PRODUCER IS WILLING TO SELL
=$90,000-$85,000
=$5,000.
Consumer surplus is the difference between the amount a Consumer is willing to pay for a good or service and the actual amount paid.
CONSUMER SURPLUS= THE AMOUNT THE CONSUMER IS WILLING TO PAY- THE AMOUNT THE CONSUMER PAID
$150,000-$120,000
=$30,000.
Answer:
Voir dire
Explanation:
Voir dire -
It is a legal phrase for a variety of procedure that is connected to the jury trails . It is the oath taken by the jurors to tell about the truth and honesty .
It is basically required to speak the truth for the legal proceedings .
hence , from the information of the question , the correct term for the question asked is the Voir dire .
<span>• One source of credit is retail stores, which are department stores (macy's, neiman marcus) that will give you a card that you can use only at that store
• Another source of credit is credit card companies like visa, mastercard, American express, and discover.</span>
