Answer:
The gross profit for Adams Company at the end of the first quarter is $1,000
Explanation:
Since in the question it is given that Job 356 and Job 357 is sold at a profit of $500 each. So, for these two the gross profit would be
= Job 356 profit + Job 357 profit
= $500 + $500
= $1,000
The Jobs 356, 357, 358, and 359 were completed which means Job No 360 is in work in process , and Job 358,359,360 have no profit that means they are in the inventory whereas Job 356 and 357 are in sale part.
Therefore, the gross profit for Adams Company at the end of the first quarter is $1,000
Supply and demand changes the price of eggs
The auditors' responsibility to communicate findings with respect to fraud can best be summarized as: Communicate to the audit committee both material and immaterial amounts of fraud that are detected. This is further explained below.
<h3>What is auditors?</h3>
Generally, An auditor is a person qualified to examine financial documents, confirm their correctness, and make sure businesses are following tax regulations.
In conclusion, the Auditors' duty to report fraud-related discoveries is summed up as follows. Any identified fraud, no matter how little, should be reported to the audit committee.
Read more about auditors
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Answer:
B. $480,000
Explanation:
The computation of investment revenue is shown below:
= Earnings × own shares ÷ outstanding shares
=- $1,200,000 × 20,000 shares ÷ 50,000 shares
= $480,000
Simply we do the proportion depend on earnings and based on the number of shares so that the correct amount can come.
All other information which is given is not relevant. Hence, ignored it
The average 6 year old weighs about 44 pounds
