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bogdanovich [222]
2 years ago
10

The audit working papers often include a client-prepared, aged trial balance of accounts receivable as of the balance sheet date

. This aging is best used by the auditors to:
A. Consider internal control over credit sales.
B. Test the accuracy of recorded charge sales.
C. Estimate credit losses.
D. Verify the validity of the recorded receivables.
Business
1 answer:
Mars2501 [29]2 years ago
7 0

Answer:

C. Estimate credit losses.

Explanation:

the client prepared aged triad balance of account receivable is generally included in audit documents so that the evaluation of estimated credit losses can be done.

Therefore, This aging is best used by the auditors to Estimate credit losses.

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Bonds are considered to offer a guaranteed return, as they must be honored by law, but which is still a potential risk that inve
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Bonds are a type of investments that is categorized as a fixed-income instrument which symbolizes loans that investors make to a borrower. Bonds can be made by a corporation or a government. Bonds always have end dates, and they generally have lower risks compared to stocks.

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XYZ Corporation, located in the United States, has an accounts payable obligation of ¥750 million payable in one year to a bank
antiseptic1488 [7]

Answer:

The maximum future dollar cost of meeting this obligation using the call option is $6,545,400

Explanation:

payable obligation = 750,000,000 YEN

premium payable on call option = 750,000,000*0.012

                                                      = $90,000

the interest rate is 6%

future value of call option premium = $90,000(1+0.06)

                                                           = $95,400

As the expected future spot price is 109 YEN per dollar which is higher than exercise price of $0.0086

Amount payable under call option = (750,000,000*$0.0086)+$95400

                                                          = $6,545,400

Therefore, The maximum future dollar cost of meeting this obligation using the call option is $6,545,400

6 0
2 years ago
The operations manager for Dogs R Us is trying to understand the bottleneck in the dog grooming process. Times below are given i
lubasha [3.4K]

Question (in proper order)

The operations manager for Dogs R Us is trying to understand the bottleneck in the dog grooming process. Times below are given in minutes per dog, and when there are two or more employees they can process two or more dogs simultaneously.

Process step                             Time(min./dog)                     Who

Verify customer information    5                           Front desk (2 employees)

Crate the dog                           2                           Front desk  (2 employees)

Wash and dry the dog            20                          Washers (3 employees)

Nails and teeth                        13                           Nail/teeth specialists (2)

Grooming                                 25                         Groomers (4 employees)

Call customer for pick-up       5                            Front desk (2 employees)

Assuming that demand and supply exceed capacity, what is the maximum flow rate (in dogs per hour) for this process?

a. 9.2

b. 9.6

c. 10

d. None of the above

Answer:

d. None of the above

Explanation:

average time taken to:

1. verify customer info = 5mins/2 employees = 2.5mins/dog

2. crate the dog = 2min/2 employees = 1 mins/dog

3. wash and dry the dog = 20 mins/3 employees = 6.67min/dog

4. work on nails and teeth = 13 mins/ 2 employees = 6.5 min/dog

5. groom the dog = 25 mins / 4 employees = 6.25min/dog

6. call customer for pick-up = 5 mins/ 2 employees = 2.5 mins/dog

The most time is spent to wash and dry dogs (6.67 mins)

it is therefore one bottleneck

for this process a dog is processed in 6.67 mins

one hour = 60 mins

⇒ (60/6.67) dogs will be processed in an hour

that is, 9 dogs (approx)

hence, none of the above is the right option

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liubo4ka [24]

Answer:

d

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