Account payable items is most likely a short-term liability.
Bonds payable, a 30-year finance lease, and deferred income taxes would all be paid overtime; therefore they are not current obligations.
nonetheless, accounts payable is probably a current liability.
What is finance lease?
A finance company is typically the legal owner of the asset for the duration of the lease in a finance lease, also known as a capital lease or a sales lease. The lessee has operational control over the asset as well as a portion of the financial risks and rewards associated with changes in the value of the underlying asset.
In further detail, it is a business relationship in which
The asset (equipment, software) will be chosen by the lessee (client or borrower);
The lessor (financial institution) will buy that asset;
Throughout the lease, the lessee will have access to that asset;
For the usage of the asset, the lessee will pay a series of rents or payments.
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11. Katie wants to buy a dress. The regular price is $47.99, but it is on sale for 40% off. How much does the dress cost? 29, 15
The dress will cost Katie $29.
Cost price of the dress =$47.99
Discount offered = 40%
Therefore,
Discount amount = $47.99*40/100
= $19.196
Hence,
Selling price after discount = $47.99-$19.196
= $28.794
= $29
Selling price is usually the price in which a seller sells things to a customer its different from the price he/she brought from store, which is the cost price. The cost price is the actual price of the product that the seller has brought, usually in bunk and is lesser that than selling price.
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Question 2 (1 point)
The problem-solving process begins with
establishment of alternatives
isolation of the cause
identification of the difficulty
clarification of the situation
Answer:
don't know ..........................
nconclusion the impact on gross domestic product (GDP) is: GDP will decrease by a maximum of $180 million
Since it tells us about the size and health of an economy, GDP is important. Real GDP growth is commonly employed as a proxy for the state of the economy as a whole.
Real GDP growth is typically regarded as a sign that the economy is doing well.
Due to its reliance on the monetary value of goods and services, GDP is vulnerable to inflation. The GDP of a nation often increases when prices rise, but this does not always indicate a change in the number or standard of products and services produced.
With quicker GDP growth, the size of the economy as a whole increase, which also improves fiscal conditions. Due to broadly shared growth in per capita GDP, the material standard of living for the ordinary American grows.
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a juice company reports these data: selling price per unit-$7, variable cost per unit-$3, number of units solds-70000, net income-$60000. what is break even point in units
The break - even point in units, given the selling price per unit and the variable costs is 55, 000 units
How to find the break - even point?To find the breakeven point, you first need to find the fixed costs to the Juice company for producing the units.
The fixed costs can be found by:
= Contribution margin x Number of units sold - Net income
Contribution margin is:
= Selling price - Variable cost
= 7 - 3
= $4 per unit
Fixed costs are:
= (4 x 70, 000) - 60, 000
= $280, 000 - 60, 000
= $220,000
The breakeven point in units is:
= Fixed costs / Contribution margin
= 220, 000 / 4
= 55, 000 units
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If the number of units solds-70000, net income-$60000. The break even point in units is 55,000.
How to find the break even points in units?First step is to find the fixed cost
Fixed cost = [ (Selling Price - Variable Cost) × Number of units sold] -Net income
Fixed cost = [($7 - $3) × 70,000] - $60,000
Fixed cost = ($4 × 70,000) - $60,000
Fixed cost = $280,000 -$60,000
Fixed cost = $220,000
Now let find the Break-Even point (units)
Break-Even point (units) = Fixed Costs ÷ (Sales price per unit – Variable costs per unit)
Break-Even point (units) = $220,000 ÷ ($7 -$3)
Break-Even point (units) = $220,000 ÷ $4
Break-Even point (units) = 55,000 units
Therefore the Break-Even point (units) is 55,000 units.
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What kinds of cognitive biases and behaviors can prevent people from making smart
nvesting decisions?
1 Staying calm when the market is experiencing a downturn.
2 Buying stocks when prices are low and selling them when they're high
3 Exiting the market because that's what everyone else is doing
4 Investing in a diversified portfolio instead of trying to time the market
Answer:
4
Explanation:
investing in a diversitified portfolio instead of trying to time the market
Erika noticed that she will end up paying more for the total cost of her loan because her interest rate was high and she chose a loan period of six years as opposed to five years. This is an example of ?
A) how finance charges and loan repayment periods affect the total cost of the loan
B) how finance charges affect the sponthly loan payment
C)how the principal affects the total cost of the loan
D)how your debt-to-income ratio can affect the total cost of a loan
Answer:How finance changes and loan repayment period ms affect the total cost of loan
Explanation:
All entrepreneurs are businessmen. Some millionaires are entrepreneurs.
Conclusions: (1) All millionaires are businessmen. (2) Some businessmen are entrepreneurs.
2. Which of the following statements is correct?
Both (1) and (2) are correct
Only (1) is correct
Neither (1) or (2) is correct
Only (2) is correct
All entrepreneurs are businessmen. Some millionaires are entrepreneurs.Neither (1) or (2) is correct.
A person who starts a new firm and takes on the majority of the risks and benefits is referred to as an entrepreneur. Entrepreneurship describes the act of starting a firm. The entrepreneur is frequently viewed as a creator of novel concepts, products, services, businesses, or methods.
Every economy requires entrepreneurs because they have the knowledge and drive to foresee requirements and market viable new ideas. Profits, notoriety, and chances for future expansion are awarded to entrepreneurial success that results from taking on the risks of founding a firm. Losses and decreased market presence for individuals involved in failed entrepreneurship.
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In September Manson Paint Corporation began operations in a state that requires new employers of one or more individuals to pay a state unemployment tax of 3.5% of the
first $7,000 of wages paid each employee.
An analysis of the company's payroll for the year shows total wages paid of $177,610. The salaries of the president and the vice president of the company were $20,000 and
$15,000, respectively, for the four-month period, but there were no other employees who received wages in excess of $7,000 for the four months. Included in the total wages
were $900 paid to a director who only attended director meetings during the year, $6,300 paid to the factory superintendent, and $2,000 in employee contributions to a
cafeteria plan made on a pretax basis-for both federal and state.
In addition to the total wages of $177,610, a payment of $2,430 was made to Andersen Accounting Company for an audit it performed on the company's books in December.
Compute the following; round your answers to the nearest cent.
a. Net FUTA tax
b. SUTA tax
Answer:
A. 1.7869 (not rounded)
B. 7.89
Explanation:
On December 31, 2024, the end of the fiscal year, California Microtech Corporation held its semiconductor business for sale at year-end. The estimated fair value of the segment’s assets, less costs to sell, on December 31 was $14 million. The semiconductor business segment qualifies as a component of the entity according to GAAP. Consider the following additional information:
The book value of the assets of the segment at the time of the sale was $15 million.
The loss from operations of the segment during 2024 was $3.9 million.
Pretax income from other continuing operations for the year totaled $5.8 million.
The income tax rate is 25%.
Prepare the lower portion of the 2024 income statement beginning with income from continuing operations before income taxes.
The low-er por-tion of the 2024 income statement begin-ning with inco-me from continuing operations bef-ore income taxes.
In-come from contin-uing opera-tions 5,800,000 before in-come taxes
Less Income tax expenses ( 5,800,000 * 25% ) ( 1,450,000 )
Income from continuing operations 4,350,000
Discontinued operations:
Loss from operations of discontinued component ( 3,900,000 )
Income tax benefit 975,000
Loss on discontinued operations (2,925,000)
Net Income (loss) 1,425,000
Working note-
- Income tax benefit
= 3,900,000 * 25%
= $975,000
What Is an Income Statement?
An income statement is one of the 3 import-ant financial state-ments used for reporting a company’s financial perform-ance over a specific account-ing period. The other two key state-ments are the balance she-et and the cash flow state-ment.
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Bonfire Beachwear Company expects sales next year to be $460,000. Inventory and accounts receivable will have to be increased by $95000 to accommodate this sales level. The company has a steady profit margin of 15 percent, with a 30 percent dividend payout. How much external funding will Bondi Beachwear Company have to seek? Assume there is no increase in liabilities other than that which will occur with the external financing.
One of the often used profit statistics to determine how profitable a business or line of business is is profit margin. It displays the proportion of sales that have generated profits.
What is Profit margin:
A company's or commercial activity's profit margin, which is determined by dividing income by sales, effectively gauges how profitable it is. Creditors, investors, and businesses themselves utilize profit margins as gauges of a company's financial stability, management aptitude, and potential for expansion.
Gross margin is calculated by starting with sales, deducting costs directly associated with producing or delivering the good or service, such as labor, raw materials, and so on, which are often combined as "cost of goods sold," "cost of products sold," or "cost of sales" on the income statement.
Operating Profit Margin, or simply operating margin: Operating profit margin, also known as profits before interest and taxes, or EBIT, is obtained by deducting selling, general, and administrative, or operational costs from a company's gross profit figure.
By deducting the cost of goods sold (COGS) from total sales and dividing the result by total revenue, you can quickly calculate a company's profit margin. Calculate the percentage by multiplying that number by 100.
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question content area the sarbanes-oxley act applies only to companies whose stock is traded on public exchanges. true false
TRUE, question content area the sarbanes-oxley act applies only to companies whose stock is traded on public exchanges.
A company, abbreviated as co., is a prison entity representing an association of human beings, whether or not herbal, legal or a mixture of both, with a particular goal. agency participants percentage a commonplace purpose and unite to reap specific, declared desires.
A business enterprise is a felony entity shaped by way of a group of individuals to engage in and function a enterprise—industrial or business—company. A corporation may be organized in various methods for tax and economic liability purposes depending at the company law of its jurisdiction.
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Your best friend just purchased a new house and is planning to buy a homeowner's insurance policy. Based on what you learned in this section, which of the following does a typical policy not cover?
Answer:
flood coverage
Explanation:
Furniture, electronics, clothing, and other personal items in a basement are not covered under a flood insurance policy.
Answer:
you own stuff
Explanation:
Even taxpayers that would not
normally
need to file a tax return, should file
one?
Even taxpayers that would not normally need to file a tax return, should file one in order to claim a refund of taxes paid.
If suppose a taxpayers income does not exceed a certain amount, then he or she may not be required to file a tax return. However, if a taxpayer paid the taxes during the year, then he or she would thus need in order to file a return in order to claim and receive a required refund.
Here, taxpayers may not need to file a return based upon his or her income, but somehow it might be beneficial in certain situations in order to file it anyway. Thus, although one might not be required to file a tax return, but it might be wise to file one anyway.
Hence, it is important to file a tax return.
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(A) Convert this table to a probability table by dividing each
entry by 1,000.
(B) What is the probability of an employee voting to strike?
Of voting to strike given that the person is paid hourly?
(C) What is the probability of an employee being on salary
(S)? Of being on salary given that he or she voted in
favor of striking?
Answer:
the awnser is a
Explanation:
To whom does a simple will leave your possessions?
O A.
О в.
O C.
O D.
your spouse
your spouse and a charitable organization
your spouse and other heirs
a charitable organization?
Your property will be dispersed in accordance with D.C. laws if you pass away without making a Will. Your estate won't go to the government if there is a living relative who can claim it. If you pass away intestate, your assets are distributed to your heirs in the sequence listed below:
What is will:
A will is a written statement of your intentions regarding who will inherit your personal property that you hold solely in your name and how it will be distributed after your passing. You can choose a guardian for your minor children in your will if you have any.
Your property will be distributed to your children if you do not leave a spouse or domestic partner. In the event that one of your children predeceases you, the remaining assets will be equally split among any more children, if any.Your property will be divided evenly between your father and mother if you are childless.If both of your parents pass away, your siblings will inherit your property and split it evenly (half brothers and sisters share equally with whole-blood siblings).Your aunts, uncles, and first cousins will split your property equally if you don't have any brothers or sisters.If you don't have any first cousins, aunts, or uncles, your grandparents will divide your property equally between them.If neither of your grandparents are still alive, your closest living relative will inherit your property.If you have no living relatives, the government will inherit your property.Learn more about Property Will:
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Read this outline for an argumentative essay about the free enterprise system.
1. The free enterprise system is helpful because it allows for freedom.
A. The free enterprise system is the best economic system because it
allows individuals to make their own economic decisions.
2. The choices of producers and consumers rule the free enterprise system.
A. Individuals have the freedom to become entrepreneurs.
By encouraging business owners to launch new ventures, free enterprise fosters economic growth. The competition that results from multiple businesses selling the same or comparable goods and services is good for the consumer.
What is the argumentative about free enterprise system?In free-enterprise economies, goods and services are produced in response to market demand and are sold openly.
The independence from restriction enjoyed by people and enterprises is known as free enterprise.
Therefore, No one is compelled to work with those they think are best for them in this system.
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Answer:
A. claim
Explanation:
the quality of information obtained from a request letter depends on the clarity of the inquiry. what techniques can you use to make your request clear? check all that apply.
These things are important because they ensure that the request that you sent to the recipient can be fulfilled according to your needs. Using the recipient’s first name is not one of the mechanisms you should use to clarify your request, although it might help to imply a degree of familiarity with the recipient, which might make them more inclined to fulfill your request.
Why is clear communication crucial in providing excellent customer service?
Establishing trust with customers and clearly articulating needs, expectations, and any obstacles are made possible by effective communication. By speaking more clearly, you may strengthen your relationships with customers and even generate more leads for your company.
Be precise, short, and to the point.
Avoid straying from your primary points in request letters to avoid confusing your reader. Long, dense sentences and paragraphs should be avoided as they are daunting and difficult to understand.
In request letters, stay on topic and don't digress from your main points to avoid confounding the reader. Avoid using lengthy, complex sentences and paragraphs since they are intimidating and challenging to understand.
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Which of the following represents the amount of revenue generated by a business?
A Sales figures
B Costs of goods sold
C Gross profit
D Net income
The answer is option. [A]. Sales figures, What you're genuinely selling will be revealed by your sales data. certain goods or services are in demand and which are not.
What is sales figure:
It is impossible to overstate the significance of sales reports. They assist managers in keeping tabs on the work of their sales team, developing successful sales tactics, selecting a method for sales forecasting, and, most crucially, preserving or shortening the sales cycle.
Sales reports are essential to every organization because of this. They assist you in making wise business decisions and enhancing your sales strategy by providing you with a clear image of what's working and what isn't. The development of consumer loyalty and trust in businesses is significantly influenced by sales. The key factors that influence a customer's decision to refer your business to a friend or family member or to leave a positive online review of your goods or services are trust and loyalty.
Because it enables you to stop future losses and motivates you to make wise profits, sales tracking is crucial. By being aware of the numbers, you may make wise decisions based on the data you can already see, which will make you a more effective and astute leader.
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explain the types of feedback and steps
Answer:
Explanation:
There are four types of constructive feedback: Negative feedback – corrective comments about past behaviour. Focuses on behaviour that wasn't successful and shouldn't be repeated. Positive feedback – affirming comments about past behaviour.
What is your opinion about bankers getting the largest bonuses during the recession! Is this capitalism? Explain! Some institutions too big to fail?????? or what!!!!!! Main Street suffers, Wall Street ????????
(One paragraph answer)
The bankers received the largest bonuses due to the fact that they may have made abnormal profit through the people and the businesses.
Yes I would say that this is capitalism. A wrong policy or issues in an economy could lead to the failure of institutions. No institution is too big to fail.
What is capitalism?An economic system based on private ownership of the means of production and their use for profit is known as capitalism. Capital accumulation, competitive markets, the pricing system, private property, the recognition of property rights, voluntary exchange, and wage labor are key aspects of capitalism.
Banks typically generate income by borrowing funds from depositors and paying them back at a predetermined interest rate. By charging the borrowers a higher interest rate and making money off the interest rate spread, the banks will lend the money to borrowers.
Any institution can fail. The right policy and management is what keeps institutions running in the long run.
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a simultaneous increase in both the demand for mp3 players and the supply of mp3 players would imply that
The value of MP3 players to consumers has increased, and the cost of producing MP3 players has decreased.
Consumers protection law says you have to be capable of picking your energy dealer if it's miles your duty to pay electricity bills. Your landlord can be answerable for paying electricity payments in the event that they: pay the dealer immediately and reclaim the cash from you as a tenant.
You may gain from set quotes on the way to protect you from electricity price hikes and make it less complicated to take control of your utility bills. However, fixed tariffs can be extra high priced and frequently include huge exit fees and different contractual situations.
You should simplest restore your power fees till 2023 if you can source an inexpensive fixed tariff than that of the October 2022 fee cap boom. The market is incredibly hard in the meanwhile, so finding a less expensive tariff may not be possible.
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8. Refer to the Prescription Drug table on page 4 in the sample Health Benefits Form. John is
covered under the Standard Plan and plans to purchase his prescription drugs from an
in-network pharmacy. All of the following are true, EXCEPT...
a. For a 30-day supply purchased at retail, the generic version of the prescription drug
is $40 cheaper than the preferred brand.
b.
If John is looking for the lowest cost for his prescription drugs, he should purchase
from mail order.
c. The cost of a three month supply of generic prescription drugs purchased at retail
would be $50.
di John chose
and be no difference in the price of the
generic version of prescription drugs
The patient's name, the name of the medication, the dosage, and the dosage schedule are all listed on the label of each prescription medicine container. When a prescription is filled, the pharmacy typically provides more in-depth printed information about the medicine.
Which section of the prescription contains medicine-related information?Inscription (Medication Prescribed) The most crucial section of the prescription is the inscription, which details the drug's composition and dosage. It's possible that the medication is some kind of official or non-official formulation.
What are the 4 primary pieces of a solution?A prescription traditionally consists of four parts, predating modern legal definitions of the term: a signature, inscription, subscription, and superscription. The patient's information, such as name, address, and age, can be found in the superscription section.
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Write a proposal on why your business should implement a recycling program. (will give brainliest)
Main points:
Background on Recycling Cost of Recycling Program Pros and Cons of Recycling Program Ways to Implement Recycling Program Recommendations Executive Summary Work Cited Page
Recycling is crucial for businesses for a variety of reasons, one of which is that it's an easy method to cut costs and boost profits. Recycling programs can reduce costs and, even better, free up money for other environmentally friendly projects.
Why recycling is important?Businesses gain from recycling by having lower prices for raw materials, increasing profitability, and lowering their carbon footprint. Recycling can also contribute to the development of a strong workplace culture, which attracts top talent. These are just a few advantages that recycling can provide to a company.
Recycling has advantages for practically every part of your organization in addition to those already stated. For more information on how a tailored recycling solution may benefit your business, our economy, and the environment as a whole, keep reading.
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What is the meaning of a leftward shift in the long-run aggregate supply (LRAS) curve?
A left ward shift in the aggregate supply curve tell us that there us a fall in the factors of production.
What is the long-run aggregate supply (LRAS) curve?In the long run, production factors control how the aggregate supply curve shifts. The curve shifts to the right as the production factors rise, while a decline in the production factors will result in a movement to the left.
At every price level, more real GDP is produced when the aggregate supply curve shifts to the right.
As the cost of essential inputs increases, the aggregate supply curve shifts to the left, creating the potential for lower output, higher unemployment, and higher inflation. Stagflation is the term used to describe an economy that is both experiencing slow growth and high inflation.
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Which of these ideas did you include in your answer? Check all that apply. Higher activation energies generally lead to lower reaction rates. Reaction 2 has a lower reaction rate than Reaction 1. The activation energy for Reaction 2 is probably higher than that for Reaction 1.
The ideas that would be included in the answer on activation energies and reaction rates are:
Higher activation energies generally lead to lower reaction rates. Reaction 2 has a lower reaction rate than Reaction 1. The activation energy for Reaction 2 is probably higher than that for Reaction 1.How is activation energy related to reaction rate?The activation energy is indirectly related to the reaction rate. This means that the higher the activation rate, the lower the reaction rate. This is because the reactants would take a longer time to achieve the energy needed to activate the reaction.
The fact that Reaction 2 has a lower rate of reaction than Reaction 1 most likely means that it has a higher activation energy.
First part of the question is:
Reaction 1 has a much higher rate than Reaction 2 under the same reaction conditions. Explain this observation in terms of activation energy.
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The spot price of an asset is Rs. 400. Futures price is 250. Interest rate is 10% per annum. Time is 4 years. How much you should you invest today so that you earn a profit on the same day and your position in futures market is also covered after 4 years automatically?
The present value of the investment is $5846.40
How to find the present value of the annuity?The future value of an annuity is the value of a group of recurring payments at a certain date in the future, assuming a particular rate of return.
We are to find the future value of the annuity using the figures as given, we are to find the future value of the investment
The future value P is:
P= pmt*(1+r)^(n - 1 /r)
where
p=future value
pmt=dollar amount
R=Interest rate or discount
n=number of periods in which payment will be made=400(1+0.1)*4 _1/0.1
Evaluate this means that the present value is $5846.4
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Question 6 of 10
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Curly Girl Manufacturing manufactures salon-quality hair dryers. Curly Girl applies overhead based on direct labor hours. The
company's predetermined overhead rate was based on an estimated 480,000 direct labor hours and $1,728,000 estimated total
overhead. During November, the company manufactured 22,400 hair dryers in Job CG12 and incurred the following costs: Direct
Materials: $103,040 Direct Labor (39,200 hours at $18): $705,600 and Actual overhead incurred during the month: $148,960. What
is the unit cost of the hair dryers produced in Job CG12?
O $36.10
O $42.40
O $42.75
O $24.23
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Unit cost of hair dryer is $42,75.
Unit cost = (Direct material + Direct labour + Overhead expenses) / Units produced
Unit cost = (103,040 + 705,600 + 148,960) / 22,400 = $42.75
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Nicky Ackerley (2014) of Veterinary Nursing Journal says this about posting on social media An employee should be aware that he or she loses the right to privacy once their comments are placed in a public forum and they should be mindful of their action. Do you agree or disagree with this and why?
Yes, I do agree with Nicky Ackerley on the fact that An employee should be aware that he or she loses the right to privacy once their comments are placed in a public forum and they should be mindful of their action.
The reason i agree with her is that every individual has a digital footprint and what ever you write or post on social media whether good or bad can be used against you and as such one need to be mindful of what they post online.
What is the issue of employee privacy about?Employee privacy is a problem that can occur in a variety of circumstances. For instance, in order to assess employee performance and customer service, businesses may want to listen in on telephone calls between staff members and consumers.
Note that Employers may decide to monitor email for what they deem to be legitimate business needs. Employers may decide to administer drug testing to their staff members or search their lockers for contraband narcotics.
Hence, Data left behind by users after they utilize the internet is known as a digital footprint. Digital footprints come in two flavors: passive and active. When data is taken from a user without that person's knowledge, a passive footprint is created.
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on receiving a client bank cutoff statement, an auditor most likely would trace:_____.
a. Prior-year checks listed in the cutoff statement to the year-end outstanding checklist.
b. Deposits recorded in the cash receipts journal after year-end to the cutoff statement.
c. Checks dated after year-end listed in the cutoff statement to the year-end outstanding checklist.
d. Deposits in transit listed in the cutoff statement to the year-end bank reconciliation.
On receiving a client bank cutoff statement, an auditor most likely would trace Prior-year checks listed in the cutoff statement to the year-end outstanding checklist.
An auditor is a person who has the authority to check and verify the accuracy of financial records and ensure that a business complies with tax laws.
A chartered accountant is a person or company hired by a company to conduct an audit. To act as an auditor, you must be licensed by accounting and auditing regulators or have specific qualifications. The auditor is responsible for planning and performing the audit to obtain reasonable assurance that the financial statements are free of material misstatement.Learn more about auditor here: https://brainly.com/question/24317218
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explain what a credit score and a credit report are
Explanation:
Credit report is the statement that has information about your credit activity and current credit situation such as loan paying history and the status of your credit accounts.
Credit scores are calculated basing on the information in your credit report