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Setler79 [48]
2 years ago
7

The confirmation of customers' accounts receivable rarely provides reliable evidence about the completeness assertion because:__

_____.
a. recipients usually respond only if they disagree with the information on the request.
b. auditors typically select many accounts with low recorded balances to be confirmed.
c. many customers merely sign and return the confirmation without verifying its details.
d. customers may not be inclined to report understatement errors in their accounts.
Business
1 answer:
vlada-n [284]2 years ago
6 0

Answer:d

Explanation:maybe

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During its 2021 fiscal year, Jacobsen corporation reported before tax income of 620,000
mixer [17]

Income before tax is the income that is before it has been taxed or before applying deduction.

<u>Explanation:</u>

An individual or organization's salary before taxes and deductions is before tax income for that company, organisation or for a single individual.

For singular pay, it is determined as the person's wages or pay, venture and resource gratefulness, and the sum produced using some other wellspring of pay. In an organization, it is determined as incomes less costs.

6 0
3 years ago
QUESTION THREE
sveta [45]

From the amount of capital that the graduates had, the firms economic depreciation would be $10000

<h3>How to solve for the economic depreciation of the firm</h3>

Original cost of the capital - market value of capital after a year

= $30000 - $20000

= $10000

<h3>How to solve for the partnership costs</h3>

This is the Cost of capital plus cost of office space and cost of interest =  $44,520

<h3>How to solve for economic profit</h3>

Total revenue - partnership cost

100000 - 44520

= $55,480

Read more on economic depreciation here: brainly.com/question/14552090

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4 0
2 years ago
Dannon Co. reported its expenses of $35,200 on the cash basis. Corporate records revealed the following information: Beginning p
Elena-2011 [213]

Answer:

Explanation:

The computation of expense amount is shown below:

=  Expenses - adjusted prepaid expense + adjusted accrued expense

= $35,200 - $500 -  $450

=  $34,250

The adjusted prepaid expense is computed by

= Ending balance of prepaid expense - beginning balance of prepaid expense

= $1,800 - $1,300

= $500

And, the The adjusted accrued expense is computed by

= Ending balance of accrued expense - beginning balance of accrued expense

= $1,200 - $1,650

= -$450

8 0
3 years ago
Suppose during 2017 that Federal Express reported the following information (in millions): net sales of $34,450 and net income o
Ronch [10]

Answer:

The asset turnover is 1.44 and return on assets is 0.37%

Explanation:

Average Total assets    

Assets in the beginning $24,590  

Assets at the end          $23,300  

Average assets          $23945

Sales                   $34,450  

Divide: Average assets        $23945  

Assets turnover ratio  1.44

Net Income                   $89

Divide: Average assets          $23945  

Return on assets           0.37%

Therefore, The asset turnover is 1.44 and return on assets is 0.37%

3 0
3 years ago
Which sentence best describes how money functions as a “store of value”?
pashok25 [27]
You can exchange money for goods and services.
5 0
3 years ago
Read 2 more answers
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