Substantive tests include
a. examining the safety deposit box for stock certificates
b. reviewing systems documentation
c. completing questionnaires
d. observation
A
You might also like to view...
______ is one of the simplest tools used to compare and select processes.
A. Cost-volume analysis B. Value stream mapping C. Assembly charts D. Process simulation
What is text analytics?
A. The analysis of unstructured data to find trends and patterns in words and sentences. B. The analysis of text flowing across the Internet, including unstructured text from blogs and messages. C. The analysis of recorded calls to gather information-brings structure to customer interactions and exposes information buried in customer contact center interactions with an enterprise. D. The analysis of unstructured data associated with websites to identify consumer behavior and website navigation.
________ capital structure refers to a combination of debt and equity that maximizes the value of the firm
A) An optimal B) An irrelevant C) A perfect D) A minimal
Michard Corporation makes one product and it provided the following information to help prepare the master budget for the next four months of operations:a.The budgeted selling price per unit is $125. Budgeted unit sales for April, May, June, and July are 7,600, 10,500, 13,800, and 12,900 units, respectively. All sales are on credit. b.Regarding credit sales, 20% are collected in the month of the sale and 80% in the following month. c.The ending finished goods inventory equals 20% of the following month's sales. d.The ending raw materials inventory equals 30% of the following month's raw materials production needs. Each unit of finished goods requires 4 pounds of raw materials. The raw materials cost $2.00 per pound. e.Regarding raw materials purchases, 30% are paid for in the month
of purchase and 70% in the following month. f.The direct labor wage rate is $25.00 per hour. Each unit of finished goods requires 3.0 direct labor-hours. g.The variable selling and administrative expense per unit sold is $3.40. The fixed selling and administrative expense per month is $80,000. The budgeted sales for May is closest to: A. $1,725,000 B. $1,612,500 C. $950,000 D. $1,312,500