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Igoryamba
3 years ago
7

__________ are not one of the types of engagements and related forms of conclusions that are defined by the attestation standard

s.
Business
1 answer:
Masja [62]3 years ago
6 0
The answer that best completes the statement above is COMPILATIONS. The ones that are considered to be the types of engagements and related forms of conclusions that are defined by the attestation standards are reviews, examinations, and agreed-upon procedures. These types of engagements are established under the SSAE or the Statement on Standards for Attestation Engagements made by the <span>Auditing Standards Board. </span>
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Avon Products, Inc., located in New York City, is one of the world’s largest producers of beauty and related products. The compa
kvv77 [185]

Answer:

a) Accounts Receivable 2015 = $443,000 2014 = $515,600

b) Bad Debt Expense = $144,100

c) Gross sales = $6,083,300

d) Cash collected from Customers = $6,005,000

Explanation:

a and b are given.

c) Gross Sales = $6,076,500 + $6,800 = $6,083,300

d) Cash collected = opening balance in Account receivable + credit  Net sales - Bad debt - Closing balance in Accounts Receivables

                            = $515,600 + $6,076,500 - $144,100 - $443,000

                           =$6,005,000

4 0
3 years ago
Margo spends $30,000 on one year's college tuition. The opportunity cost of spending one year in college for Margo is:
Tju [1.3M]

Answer:

Purchases she could have made with $30,000 plus the earnings foregone

Explanation:

Opportunity cost refers to the benefit obtained from the next best alternative.

Here, the opportunity cost of spending a year in the college is the purchases worth of $30,000 that she would have do it and the money income that she would have earned it.

Opportunity cost can be represented in terms of monetary and non monetary.

5 0
3 years ago
You invest in a mutual fund that charges a 3% front-end load, 1% total annual fees, and a 0% back-end load on Class A shares. Th
Anettt [7]

Answer:

Total Fees = $600

Explanation:

A Mutual Fund is a type of investment that pools funds from many individual investors into a singular investment product.

The fund is managed by a Fund Manager. The Fund Manager applies charges to the fund. The charges are income to the Fund Manager.

Front-end load: This is more like a Sales charge applied on the investment amount at the point of buying into the Fund.

Back-end load: This charge is applied on the redemption amount. It is meant to discourage the investor from withdrawing early form the Fund.

Annual fees: This are yearly charge applied on the investment amount.

Calculation:

Front-end load: $0 [Because the rate is 0%]

Back-end load:[2% of 20000] \frac{2}{100} × 20000 = $400

Annual Charge: [1% of 20000] \frac{1}{100} × 20000 = $200

Total Fees: [$400 + $200] =  $600.

7 0
3 years ago
Suire Corporation is considering dropping product D14E. Data from the company's accounting system appear below:
Oksana_A [137]

Answer and Explanation:

a. The computation of the net operating income earned is shown below:

Sales                          $800,000

Less: Variable cost  -$381,000

Contribution margin $419,000

Less:  Fixed manufacturing expenses - $263,000

Less : Fixed selling and administrative expenses - $211,000

Net operating income or (Loss) -$55,000

b. The computation of the financial advantage (disadvantage) of dropping product D14E is shown below:

Sales                          $800,000

Less: Variable cost  -$381,000

Contribution margin $419,000

Less:  Fixed manufacturing expenses - $202,500

Less : Fixed selling and administrative expenses - $117,500

Financial disadvantage -$99,000

Since there is a financial disadvantage so the product should not be dropped

We simply applied the above equation

7 0
3 years ago
The first step of the financial planning process is to:
yulyashka [42]

Answer:

Review Of Current Financial Situation

Explanation:

The first step in the financial planning process involves taking a detailed look into a person's current financial situation. This means examining a person's savings, income, debts and current living expenses.

7 0
3 years ago
Read 2 more answers
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