ACC 548 Week 5 Learning Team Assignment Reporting Requirements M to purchase http://allmysolution.com/ACC-548_c119.htm Product Description One issue in accounting is the qualifications of an accountant when working for a client. It is expected that a CPA will not engage in an assignment without proper qualifications. Your firm has the ability to bid on two projects: the first is engagement and examination work—not consulting or audit—for a small county hospital. The second is work for a private, not-for-profit nursing home. Prepare a memo of 700-1,050 words for the senior partner.
User | Alonzo Doby | Course | Spring2014-ECO2023-Princ Economics II-397328 | Test | Chapter 4 Quiz | Started | 2/12/14 10:49 PM | Submitted | 2/12/14 11:24 PM | Due Date | 2/19/14 11:59 PM | Status | Completed | Attempt Score | 6 out of 20 points | Time Elapsed | 34 minutes out of 40 minutes. | Instructions | | * Question 1 0 out of 2 points | | | Examine the graph below. If the equilibrium price is P1, then producer surplus | | | | | Selected Answer: | can be determined by the area of the triangle acP1. | | | | | * Question 2 2 out of 2 points | | | Examine the graph below. Consumer surplus is | | | | | Selected Answer: | defined by the area of the triangle
Review the Financial Statements: Balance Sheet from Section 9, Lesson 2 of this course. Use the information from the example balance sheet for Jamie's Bead Jewelry to answer the questions below. a. What is the value of the company's assets? (0.5 points) $2,322.00 b.
(TCO 3) As production occurs, materials, direct labor, and applied manufacturing overhead are recorded in (Points : 5) Question 4.4. (TCO 8) A company keeps 60 days of materials inventory on hand to avoid shutdowns due to materials shortages. Carrying costs average $5,000 per day. A competitor keeps 30 days of inventory on hand, and the competitor's carrying costs average $2,000 per day. The value-added costs are (Points : 5) Question
4.1: Performance Report: This report shows how well/poorly a business is doing based on a current revenue, and can identify performance areas that may need improvement. Written for: Supervisors, managers, operations managers, CEO/Head office and relevant stakeholders. 4.2: Activity Statement: Used to identify and summarise GST amounts payable and receivable for a business over a certain period, may include PAYG income tax, PAYG tax withheld, Fringe benefits tax and fuel tax. All business owners registered for GST must lodge a BAS statement for each period, for every 28 day period that a business doesn’t lodge will incur a charge of
The R^2=86.52%, while R=0.80. From the Analysis of Variance, we saw the P Value= 0.000 the F Value= 85.6452. When we tested with the significance level of 5% we concluded the P value was less than, therefore we concluded to reject the null hypothesis for this level. We also performed the 95% Confidence level to be ($0.009and $0.015) for B1. In addition, we can estimated that a customer with a $4000 credit balance to have an income in between (41.7665, 46.6130) in $1000 using the 95% CI confidence levels to calculate the income level.
ACCT 422 Homework 6 Solutions https://hwguiders.com/downloads/acct-422-homework-6-solutions/ ACCT 422 Homework 6 Solutions 1. You are auditing general cash for a company for the fiscal year ended September 30, 2014. The client has not prepared the September 30 bank reconciliation,. After a brief discussion with the owner, you agree to prepare the reconciliation with the assistance from one the company’s clerks. You obtain the following information: (30 points) | General Ledger | Bank Statement | Beginning balance 9/1/14 | $15,000 | $17,800 | Deposits | | $31,051 | Cash receipts journal | $33,330 | | Check cleared | | (30,309) | Cash disbursements journal | ($27,101) | | September bank service charge | | (150) |
The accounting department supervisor independently reconciles the accounts receivable subsidiary ledger to the accounts receivable control account monthly. C. The accounting department supervisor controls the mailing of monthly statements to customers and investigates any differences reported by customers. D. The billing department supervisor matches prenumbered shipping documents with entries in the sales journal. AICPA AACSB: Analytic AICPA BB: Critical Thinking AICPA FN: Risk Analysis Bloom's: Application Difficulty: Hard 32. Which of the following internal control activities most likely would assure that all billed sales are correctly posted to the accounts receivable ledger?
Understand the internal control over that cycle or account 2. Assess the planned control risk for that cycle 3. Decided the extent of testing controls that are based on the planned reliance on the internal controls over financial reporting for the client 4. Design “tests of controls and substantive tests of transactions” (Arens, Elder, & Beasley, 2012) for an account to meet transactions-related audit objectives. “The design of tests of controls and substantive tests of transactions” (Arens, Elder, & Beasley, 2012) involve determining the specific audit procedures to be performed, the sample size, items to be selected and included in the sample, and timing of the tests.
Would it have been appropriate for Avis to substitute another store for Store 51 after she discovered the cutoff errors in that store’s accounting records? Defend your answer. Avis formed an audit procedure, this procedure consisted of; preparing a list of the cash receipts reported in each of those stores’ accounting records during the last five days of Lowell’s fiscal year, which ended October 31. She would then obtain the relevant bank statements to determine whether the cash receipts had been deposited on a timely basis. Avis’s audit procedure is consisted with the stages of an audit: • Obtain or retain engagement • Engagement planning • Risk assessment • Audit evidence • Reporting The scenario does that imply that Avis was a certified