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sveticcg [70]
3 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]3 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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You want to go to Europe 5 years from now, and you can save $7,300 per year, beginning one year from today. You plan to deposit
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Answer:

$36,602.5

Explanation:

Your profit each year of saving $7,300 at 8.5% return each year is $620.5

In that case you earn $7,920.5 each. Multiply by 5 years which is the fifth year you made the last deposit, and you will arrive at $36,602.5

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3 years ago
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The purpose of a financial intermediary is to help channel funds
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a. from one banks to another

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4 years ago
Andrew wants to purchase a new computer and go to the caribbean for spring break. the computer is priced at 1299, and the vacati
Mamont248 [21]

Andrew writes a check for $1,299 which is the  medium of exchange.

What is the way of transaction ?

  • A sale is a completed agreement between a buyer and a dealer to change goods, services, or fiscal means in return for plutocrats.
  • The term is also generally used in commercial accounts. As a business secretary, this plain description can get tricky.
  • A sale may be recorded by a company before or later depending on whether it uses an addendum account or cash account.

Here,

Andrew can easily determine that the price of the computer is more than the price of the vacation = Unit of Account

Andrew has $1,574 in his checking account

= Store of value

Andrew writes a check for $1,299

= Medium of exchange

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1 year ago
What do you understand by the term problem? Discuss<br>plz answer it fast!
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An issue disturbing the continuation of an activity
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3 years ago
Anya is a general manager for a large department store. Each day she plans the number of employees she will have in each departm
Vitek1552 [10]

The process of planning the break schedules and the freight delivery schedules is known as an operational planning.

<h3>What is an operational planning?</h3>

This refers to the outlining of key targets that a firm will undertake during a period of time that is usually one year.

Hence, the process of planning the break schedules and the freight delivery schedules is known as an operational planning.

Therefore, the Option A is correct.

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2 years ago
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