Because so many customer balances consist of multiple invoices, what could the auditors do to eliminate unnecessary reconciliation

Answers

Answer 1

In order to eliminate unnecessary reconciliation the auditors could request to send empty letter spaces to the customers.

Then the auditor should make the request of asking these customers that they should write out their balances in these letters.

The reason why the auditor has to do this is to check if they are correct or if they are not.

The account receivable has to be sent by this firm in order to determine if the customers have same amount of balance.

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Related Questions

Management considers only operational performace measures B. Management considers only lag indicators C. Management considers both financial and operational performace measures D. Management considers only financial performace measures

Answers

Answer:

C

Explanation:

C

Both financial and operational measures should be considered.

Beginning inventory, purchases and sales data for T-shirts are as follows:
April 3 Inventory
24 units
$10
11 Purchase
26 units
$12
14 Sale
36 units
21 Purchase
18 units
SIS
25 Sale
20 units
Assuming the business maintains a periodic inventory system, calculate the ending inventory under FIFO:

Answers

Based on the First In; First Out method of inventory management, the ending inventory is $180.

FIFO means that the earlier stock is sold off first. This means that the sale on April 14 was based on the beginning inventory first and then the Purchase on the 11.

Stock on April 14:

= Beginning stock + Purchases - Sale

= 24 + 26 - 36

= 14 units at $12 each

Stock at 25th:

= Remaining April 11 purchases + April 21 Purchases - Sales

= 14 + 18 - 20

= 12 units at $15

Ending inventory:

= 7 x 12

= $180

In conclusion, closing inventory is $180.

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The ability to take initiative in the workplace is called

A. adaptability
B. communication
C. leadership
D. problem solving

Answers

The answer is C, Leadership.

The ability to take initiative in the workplace is called leadership.

Thus, the correct option is C.

What do you mean by Leadership?

The capacity to influence and direct followers or other members of an organization is referred to as leadership.

Competent, skilled, secure, and caring leaders excel in their positions. These leaders are honest and authentic in their behaviors and words, and they make time for everyone. They publicly communicate to their staff that they value people.

They are crucial traits to possess because a competent leader can inspire his or her team to work together toward a common objective by bringing out the best qualities in each person.

In order to prevent delays, a skilled leader keeps the group engaged and on task. A productive and happy work atmosphere is fostered by leaders who are transparent and honest.

Transparency with team members is essential for an effective leader, making it one of their essential traits. Many people, including team members and coworkers, look up to an effective leader.

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In Section 3.4, the text discusses the “Top 5 Challenge Trends” and “Top 5 Solution Trends.” Select one challenge and one solution trend which you believe is most applicable to Coke’s situation today. Describe how these trends apply to Coke. In Section 3.3, read about the five building blocks of a Learning Organization. Which one of the five building blocks should Coke focus on to capitalize on the trends you selected. Why?​

Answers

The challenges that Coca-Cola is facing are due to less quality water and the availability of the material for making the bottles.

From the complete information, it was stated that maintaining high-quality water and the maintenance of taste is essential to create quality drinks.

The challenges that were depicted are due to less quality water and the availability of raw materials. Also, there are challenges for increasing concern for the environment, faster pace of innovation, etc.

The solutions to the challenges include increasing collaboration, protection of the environment, energy sustainability, etc. It's also vital for individuals to be advised about the usage of water.

In conclusion, the building block that Coke should focus on to capitalize on the trend is systematic problem-solving.

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which two events provide opportunities for the team to collaborate?

a) portfolio sync

b) backlog refinement

c) solution demo

d) Pre-Pi planning

e) Iteration planning

Answers

The two events that provide opportunities for the team to collaborate is Pre-Pi planning, which enables teams to establish a more direct communication process.

Pre-Pi can be defined as a plan to increase the program, through a regular event established in an organizational period with the objective of integrating Agile Release Train teams.

Pre-Pi planning will therefore encourage collaboration through open communication to discuss essential points of work improvement, generating a sharing of visions, plans, discussing resources, etc.

Through Pre-Pri planning, teams will increase their effectiveness by freeing up resources, speeding up processes and better aligning with project requirements.

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. Discuss two to three limitations of referee reports
placed on management or organizations for job candidates. How do organizations cope
with this burden?

Answers

Answer:

The lack of awareness of the organizational culture and prejudices that can affect the recruiting and selection process

Explanation:

some limitations of reports from referees positioned in management or organizations for job seekers. The recruitment and selection process for applicants who would occupy critical positions in organizations should be led by the company's executives, who have more expertise and vision in identifying the suitable candidate.

The referee reports can have one or many limitation one of which is lack of thorough reference check of the onboarding and presently working candidates.

Lack of awareness about the information technology to rectify the security framework breach by the employee. Lack of human resource which can analyze the moral, educational, and career background of the onboarding candidate. Lack of awareness about crimes associated with jobs like white collar crimes and cyber crimes.

The organizations cope up with the limitations in the following ways:

1. The organization can employee security and cyber experts to rectify all the doubts related to the on joining employee.

2. A legal team is required to check whether the on joining employee had a previous criminal link or was associated with crime.

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I'm raising $15,000 until 12/27/2021 for collage funraiser. Can you help? ​

Answers

Answer:

how

Explanation:

Why Is Tiklacars South Southend Airport Transfer Service Better?

Answers

Answer:

Yes,

Tiklacars South Southend Airport Transfer Service is Better.

I HOPE ITS HELP YOU

what are the source of law ?

Answers

Sources of law are the origins of laws, the binding rules that enable any state to govern its territory. The term "source of law" may sometimes refer to the sovereign or to the seat of power from which the law derives its validity.

hope it helps

You are planning to write your resume and take pride in your ability to describe your strengths. What do experts recommend when writing your resume? HELP ASAP

Both answers A and B
Write a clear strong statement of your accomplishment
Write a statement of your potential, talents, and current responsibilities
If your skill have been used in the past and will continue to be used

Answers

If a person is planning to write their resume and take pride in their strengths, it's advisable to write a clear strong statement of your accomplishments and a statement of their potential, talents, and current responsibilities.

A resume simply means a brief account of the personal, professional qualifications, educational qualifications, experience etc of a person.

It should be noted that when writing a resume, it's important to have a clear strong statement of your accomplishment as well as a statement of your potential, talents, and current responsibilities.

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Why might you visit a brick-and-mortar store instead of shopping online?



Because you're shopping in the middle of the night.



So that you can try out the product then and there.



So you can buy it tax-free.



So you can have it delivered to your door.

Answers

Answer:

so you can have it delivered to your door.

Explanation:

visiting a brick and mortar store, instead of shopping online is you can have it delivered to your door.

While designing a management support system, it's important to remember that executives' main concern is _____.

Answers

The main concern of executives when designing a management support system (MSS) is b. getting the information they need in the simplest way.

A management support system provides managerial information resources to enable management to plan, make decisions, and manage the organizational activities to achieve goals.

Executives' main concern with the design of a management support system is not to:

Identify unquantifiable benefitsGet support from all employeesGet technically-advanced information.

Thus, the concern of executives during the design of a management support system is to get needed information most simply.

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An investor buys a share of stock for $40 at time t = 0, buys another share of the same stock for $50 at t = 1, and sells both shares for $60 each at t = 2. The stock paid a dividend of $1 per share at t = 1 and at t = 2. The periodic money-weighted rate of return on the investment is closest to:

Answers

The investor's weighted rate of return on the two investments is closest to 31.75%.

Data and Calculations:

Cost of stock = $40

Time (t) = 0

Cost of stock = $50

Stock dividend per share = $1

Dividend at t1 = $2

Dividend at t2 = $2

Profits from sale of stock = $20 and $10 each

Weighted Rate of Return:

For stock 1 = 28.75% ($21/$40 x 100 1/2 + $1/$40 x 2/2)

For stock 2 = 3% ($1/$50 x 100 + $1/$50 x 100 x 1/2)

Weighted rate of return = 31.75% (28.75 + 3%)

Thus, the weighted rate of return on the investment is closest to 31.75%.

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I need help for this answer because i want to make sure if im correct or wrong. You will get 30 points for this​

Answers

The answer is option 4.

A double-entry accounting system is a system in which business transactions are recorded from dual aspects (from both the sides / aspects :- the receiver & the giver..the debit & the credit).

_____

RainbowSalt2222 ☔

What is a click-and mortar store?



a store with an actual building



a store that sells online only



a store that sells products in malls



a store that sells products in stores and online

Answers

Answer:

a store that selles product in stores and online

Professional organizations and producer groups have an incentive to a. encourage advertising in order to enhance competition on the basis of price. b. restrict advertising in order to enhance competition on the basis of price. c. restrict advertising in order to reduce competition on the basis of price. d. encourage advertising in order to reduce competition on the basis of price.

Answers

Professional organizations and producer groups have the incentive to restrict advertising in order to reduce competition on the basis of price.

Advertising has the power to influence the tastes of the consumers of a product. Effective restrictions on advertising also helps to raise the profit that a business makes.

It does this by the reduction of price sensitivity and also leading to a fall in the number of competitive firms.

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When the price of a normal good rises, the income effect results in ________ in the quantity demanded and the substitution effect results in ________ in the quantity demanded.

Answers

In the case of a normal good, the consumer will decrease the consumption of a good when its price rises. This is because both income and substitution effects are unidirectional in this case.

When the price of an inferior good falls, the substitution effect contributes to an increase in the quantity demanded, and the income effect opposes the substitution effect.

Keitaro, a university administrator, needs to send an official memo to the directors of the registration, advising, and financial aid divisions, as well as their supervisors. To determine who should receive his memo, Keitaro consults the Multiple Choice organization chart. grapevine. lateral network. social media policy.

Answers

Considering the situation described above, to determine who should receive his memo, Keitaro would need to consult "Organization Charts."

This is because an Organization Chart is a pictorial representation that shows the structure of an organization.

It usually depicts those or the top ranks at the top, while the lower ranks are placed accordingly.

It also shows the relationships and positions or jobs of the ranks or individuals presented on the organization charts.

Organization charts is often referred to as organogram.

Hence, in this case, it is concluded that the correct answer is option A. "organization chart."

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Give your opinions on this quote: To win a negotiation, you have to show you're willing to walk away. And the best way to show you're willing to walk away is to walk away (Michael Weston).

Answers

Answer:

The quote is pretty much true, and agreeable. If you want to win something, you gotta be able and willing to lose it. And the best way to show you're willing to do something? Do it.

Explanation:

^^

A manager must make a decision on shipping. There are two shippers: A and B. Both offer a two-day rate: A for $530, and B for $521. In addition, A offers a three-day rate of $466 and a nine-day rate of $417, and B offers a four-day rate of $459 and a seven-day rate of $432. Annual holding costs are 37 percent of unit price. Three hundred and twenty boxes are to be shipped, and each box has a price of $154. Which shipping alternative would you recommend

Answers

Answer:

C.

Explanation:I just took the test.

What could an article in a financial publication tell you about a company that
a prospectus can't?
A. How much profit the company has produced for shareholders
B. What major losses the company has suffered
C. What improvements have been made to improve employee morale
D. What the company's assets and liabilities are

Answers

The thing that an article in a financial publication can tell one about a company that the prospectus won't is C. What improvements have been made to improve employee morale.

A prospectus simply means a formal legal document that is designed to provide information about an investment of a company to the public.

The prospectus can contain information such as the profit the company has produced for shareholders, the major losses the company has suffered, and the company's assets and liabilities.

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Answer:C

Explanation:just got it right

Which of the following activities would waste the most time?
a. Rich tries to multitask writing a report and reading a memo, and has to re-write the report and
re-read the memo, which takes an hour.

b. During a departmental meeting, Barry and Scott make small talk for twenty minutes while the
other six meeting members sit and listen.

c. Greg asks Tony a question about work and then talks to him for ten minutes about who will
win the game tonight.

d. Barbara composes an e-mail during her thirty minute train ride to work.

Answers


Answer:A

The answer should be “A” because it does say it takes an hour and that seems like the most time consuming task out of all of them

explain why percentage decreases can never exceed 100%

Answers

Answer:

Because if they do they won’t get any money and they will basically sell it for free

Explanation:

pls brainliest

A ____________ contract is an agreement that is not a contract at all because it lacks one or more of the legal elements required to form a contract.

Answers

Answer:

void

Explanation:

Confronting negative feelings shows weakness.


Please select the best answer from the choices provided

T
F

Answers

In a way both can be correct but if seen in public then It is True.

Answer:

It's False!! :)

Explanation: Don't get it from the guy at the top he's wrong unfortunately

If you fire Julio from his job after making one mistake but did not fire John for making the same mistake several times, you have committed an error related to which type of justice?

Answers

In this scenario, we have committed an error related to Procedural justice

Procedural justice refers to way of ensuring fair justice by making decisions according to fair processes to ensure fair treatment.

According to this justice rule, the same rule must be applied to similar scenario and must be impartial as well in order to ensure fair justice.

In conclusion, we have committed an error relating to procedural justice because the rule that was applied to Julio was not applied to John, therefore, there was a bias in justice.

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Human Resource Manager.

What changes do you expect to see in this sector in the next 5 years?
What skills and experience will you need to develop now and, in the
future, to equip yourself for success in your chosen role?

Answers

Answer:

In 2021, more HR departments will need to develop long-term strategies for providing employees with mental health resources. ... While that will likely include initiatives like reorganizing physical spaces and updating company policies, mental health needs to be part of the equation, too.

Explanation:

hope it helps

Next Up Computer Company thinks it will make a splash with cartoon-themed laptop cover designs scheduled for release next year. The computers do not have any other feature differences from what Next Up currently offers. This effort is an example of using __________ to differentiate a product as new.

Answers

Considering the situation described above, this effort is an example of using image differentiation to differentiate a product as new.

Image differentiation is a type of differentiation strategy used by business firms to differentiate their products through communications.

By using communication strategies such as written, audio, digital, advertisement, or images to differentiate between various products or from existing products, this is an example of image differentiation.

Thus, when Next Up Computers only changes the cover designs alone, that is a form of image differentiation.

This is type of differentiation is often referred to as Reputation Differentiation.

Other types of differentiation methods include the following:

Product differentiationService differentiationRelationship differentiationDistribution differentiation.Price differentiation.

Hence, in this case, it is concluded that the correct answer is "Image Differentiation."

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In pricing models, elasticity of demand is an input with specifies the: a. range of demand b. sensitivity of demand to changes in price c. level of demand d. sensitivity of price to changes in demand

Answers

yes because it is the one that it s

In pricing models, elasticity of demand is an input with specifies the sensitivity of price to changes in demand. Thus, option D is correct.

What is elasticity of demand?

The degree to which demand reacts to a change in an economic component is known as elasticity of demand. The most prevalent economic component considered when calculating elasticity is price. Income level and the accessibility of substitutes are further considerations.

Elasticity gauges how demand changes in response to shifting economic conditions. Demand is said to be inelastic when it is unaffected by price changes. "The responsiveness of the quantity required of a good to changes in one of the variables on which demand depends is known as elasticity of demand. In other words, it is the ratio of the percentage change in the quantity demanded to the percentage change in one of the factors that affect demand.

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Identify external dispute resolution mechanisms that could be employed to resolve industrial actions if it did eventuate

Answers

Based on the available alternative dispute resolution methods, the external dispute resolution mechanisms that could be employed to resolve industrial actions if it did eventuate is Arbitration.

Arbitration is a form of alternative dispute resolution method. It involves the arrangement in which the parties to the disputes, usually contracts, agree to submit issues to an approved independent expert to solve the problem.

The independent expert is known as the arbitrator, and because of his expertise, he is expected to solve the disagreement between the aggrieved parties.

The other method of external dispute resolution is known as litigation, which means settling in court.

Hence, in this case, it is concluded that the correct answer is arbitration and litigation.

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