Answer:
A. Verify that the controls have been implemented (placed in operation).
Explanation:
The companies should have a fair policy of internal controls. It should basically have a policy which regulates and monitors all the transactions of each individual. It shall certainly be developed so that the work of one individual is monitored by the other automatically.
When the documentation is done, of such policies and controls by the auditor, he shall satisfy himself by counter checking that the procedures and practices laid are implemented properly.
So that there are no loop holes, and the management shall be held responsible for any procedure documented and not followed practically.
Answer:
January 3.54
February 2.24
March 2.33
April 3. 12
Explanation:
<em>We should calcualte the total machine hours:</em>
hours per machine x machine used and then we divide the production of the month by this amount The result is how many units of output we generate per machine hours.
<em />
<em>January</em>
2,100 / (297 x 2) = 3.54
<em>February</em>
1,600 / (178 x 4) = 2.24
<em>March</em>
2,600 / (371 x 3) = 2.33
<em>April</em>
2,800 / (299 x 3) = 3.12
Answer:
Markup percentage= 900%
Explanation:
Giving the following information:
I sell shoes for $250 per pair. They cost me $25 to produce.
<u>To calculate the markup percentage, we need to use the following formula:</u>
Markup percentage= [(selling price - unitary cost)/unitary cost]*100
Markup percentage= [(250 - 25)/25]*100
Markup percentage= 900%
Answer:
June 30, 2020 Bond Interest expense Debit $5,756.25
Discount on Bonds payable Credit $506.25
Cash Credit $5,250
Explanation:
We have to calculate the interest expense. The bond interest expense = Cash payment + bond amortization discount
Given,
Bond price = $150,000
Interest = 7%
Number of period, n = 10 years × 2 (As it is a semiannual bond) = 20
Cash payment for semiannual interest = $150,000 × 0.07 × (1÷2)
Cash payment for semiannual interest = $5,250 (Credit)
Amortized bond discount (discount on bonds payable) = $10,125 ÷ 20 (as it is a semiannual payment and $10,125 is for 10 years)
Discount on bonds payable = $506.25 (Credit)
Therefore, bond interest expense = $5,250 + $506.25 = $5,756.25 (Debit)
Answer: The stage of communication is MESSAGE DECODING.
Explanation: Decoding of a message involves interpreting and understanding a message. It is the process of converting a message sent into thoughts.
A message is first received by a receiver who then begins to interpret it. The receiver translates the message into meaningful symbols that is easily understood by him. When you decode a message, you get the meaning out of a conversation or message. As such, a message can be said to be completely decoding when then is successful communication.
