In evaluating the adequacy of the allowance for doubtful accounts, an auditor is most likely to review the aging of receivables as evidence and support for management's financial statement assertion of ________.
A) existence or occurrence
B) rights and obligations
C) completeness
D) valuation or allocation
D) valuation or allocation
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The text of a proposal
A) must always follow the AIDA plan. B) is usually presented in outline form. C) consists of the introduction, body, and close. D) should be italicized. E) is always organized using the direct approach.
Which ethical principle states that the benefit from a decision must outweigh the risks, and that there is no alternative decision that provides the same or greater benefit with less risk?
a. minimize risk b. justice c. informed consent d. proportionality
Explain the phrase "span of control.". What are the implications for the management reporting system of this principle?
Barclay Bikes manufactures and sells three distinct styles of bicycles: the Youth model sells for $300 and has a unit contribution margin of $105; the Adult model sells for $850 and has a unit contribution margin of $450; and the Recreational model sells for $1,000 and has a unit contribution margin of $500. The company's sales mix includes: 5 Youth models; 9 Adult models; and 6 Recreational models. If the firm's annual fixed costs total $6,500,000, calculate the firm's selling price per composite unit.
A. $13,200. B. $7,575. C. $1,950. D. $15,150. E. $1,255.