What are CAATS? Identify five of them
Through-the-computer testing employs computer-assisted audit tools and techniques (CAATTs) and
requires an in-depth understanding of the internal logic of the application under review. Five CAATTs include the test data method, base case system evaluation, tracing, integrated test facility, and parallel simulation.
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Pratte Boat Wash's cost formula for its cleaning equipment and supplies is $2,460 per month plus $49 per boat. For the month of April, the company planned for activity of 58 boats, but the actual level of activity was 18 boats. The actual cleaning equipment and supplies for the month was $3,470.The spending variance for cleaning equipment and supplies in April would be closest to:
A. $1,832 F B. $128 U C. $1,832 U D. $128 F
Which of the following is an example of a barrier in cross-cultural communication?
A. You are trying to get through to a colleague on the telephone, but you keep getting a buy signal. B. Men are less likely than women to indicate that they are unsure about an issue. C. The "OK" hand symbol means "all right" or fine in the United States, but is considered an insult in parts of Europe. D. Those over the age of 70 are significantly less likely to use any form of social media. E. Due to a hurricane affecting the East Coast, all Internet connections are down for thousands of miles.
Assume a company uses the periodic inventory system and has a beginning merchandise inventory balance of $5,000, purchases of $75,000, and sales of $125,000 . The company closes its records once a year on December 31 . In the accounting records, the merchandise inventory account would be expected to have a balance on December 31 prior to adjusting and closing entries that was
a. indeterminate. b. less than $5,000. c. more than $5,000. d. equal to $5,000.
Your boss says, “Don’t waste time revising or editing your documents. People will figure out what you mean, even if there are some grammar and spelling errors.” How should you reply? (Hint: Give reasons to revise)
What will be an ideal response?