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sveticcg [70]
2 years ago
11

Oceanview's inventory consists primarily of boats and involves a comparatively small lumber of inventory items. How would invent

ory observation and test count tracing tests differ if the client has a large number of inventory items and the client did not have a detailed list of inventory on hand at the time of the inventory observation
Business
1 answer:
lakkis [162]2 years ago
6 0

The question is about Audit procedures of inventory that differ if

The Inventory is in small number

- Complete inventory can be counted.

- The inventory is different type of boats each boats market price can be checked separately.

- Floor to record and record to floor can both be tested appropriately.

The Inventory is in large number

- Sample based count.

- The inventory is different type of boats each boats market price can not be checked separately, instead again a sample of inventory will be checked.

- Floor to record and record to floor can be tested on a sample basis.

Learn more at brainly.com/question/25759232

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An advantage I have a credit card is that you can’t spend more money than you actually have
tino4ka555 [31]
False credit card is taking credit (money) from the bank to pay back w interest plus when you dont pay it back you go in debt therefore ultimately leading to bankruptcy
6 0
3 years ago
11. (-/1 Points] DETAILS BRECMBC9 5.11.010.
Lisa [10]

Answer:

2190 ; 2560 ;

$778.2

Explanation:

Total worth of gasoline sold = 16003.50

Cost of regular = 3.30

Cost of premium = 3.45

Let :

premium Gallon sold = x

Regular gallon sold = 370 + x

Hence, mathematically;

(3.45*x) + (3.30 * (x + 370)) = 16003.50

3.45x + 3.30x + 1221 = 16003.50

6.75x = 16003.50 - 1221

6.75x = 14782.5

x = 14782.5 / 6.75

x = 2190

Premium Gallon sold = 2190 gallons

Regular gallon sold = 2190 + 370 = 2560 gallons

Profit per regular gallon sold = $0.15

Progit per premium Gallon sold = $0.18

Total profit = (2190 * 0.18) + (2560 * 0.15) = $778.2

7 0
2 years ago
The NYSE does not exist as a physical location. Rather it represents a loose collection of dealers who trade stock electronicall
Alex

Answer: Capital market instruments include both long-term debt and common stocks.

Explanation:

Asking the options given, the option that is correct is that Capital market instruments include both long-term debt and common stocks.

The capital market refers to s financial market whereby equity backed securities and long-term debt can be purchased and sold. The capital different is different from the money market which ideally deals with short-term debt.

In the capital market, the buyers and the sellers engage in financial securities such as stocks, bonds, stocks, etc.

6 0
2 years ago
What is suggestive selling? Have you experienced an example of this? If so, describe the experience. Why do restaurants use sugg
Blizzard [7]

Answer:

Explanation:

Suggestive selling is when someone recommends a better version of the product which you are purchasing or even recommends another totally different product that may suit your individual needs better. Almost everyone has experienced this in some capacity before. For example, any time you go to a fast-food chain they always ask if you would like to increase the size of your order (super-size) for a small additional fee. This is suggestive up-selling, and companies do this because they make additional profit from these items that they are suggesting.

7 0
2 years ago
What are the primary functions of a central bank?
Vesnalui [34]

Answer:

The correct answer is:

  • Conduct monetary policy;
  • Ensure that the financial system is stable;
  • Provide banking services to commercial banks, depository institutions, and the federal government.

Explanation:

A central bank is the apex monetary authority in a country. It plays several crucial roles in the smooth working of the economy.

  1. A central bank issues currency on behalf of the government.
  2. It formulates monetary policy on behalf of the government.
  3. It acts as a banker for the government.
  4. It acts as a banker for commercial banks.
  5. It supervises all financial institutions.

The role of providing services to businesses and consumers is played by commercial banks. Fiscal policy is formulated by the government. The responsibility of ensuring the growth of the economy also falls with the government.

4 0
3 years ago
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