If an auditor suspected an unusual relationship between a purchasing agent and certain suppliers, how could drill-down be used to collect data?
Drill-down capability permits a user to repeatedly extract detailed data at increasing levels of detail. An auditor would be able to examine purchasing transactions to determine any pattern of purchases with the supplier in question that were approved by the purchasing agent and tie such transactions to other characteristics like price variations relative to other vendors at the same time.
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In the contingency model, if your leadership orientation does not match the situation in your workplace, Fiedler recommends that you
A. try to move to a more suitable situation. B. alter your leadership style. C. take management classes to improve your power. D. get an assistant with the preferred orientation. E. gradually change the makeup of your subordinates.
The accountant for Noble Jewelry Repair Services, Inc. forgot to make an adjusting entry for Depreciation Expense for the current year. Which of the following is an effect of this error?
A) Revenues are understated. B) Total assets are understated. C) Net income is overstated. D) Total liabilities are understated.
A machine was sold in December 20x3 for $9,000. It was purchased in January 20x1 for $15,000, and depreciation of $12,000 was recorded from the date of purchase through the date of disposal. Assuming a 40% income tax rate, the after-tax cash inflow at the time of sale is:
A. $3,600. B. $8,400. C. $9,000. D. $6,600. E. $11,400.
All of the following are basic marketing mix decisions EXCEPT:
A. sales B. price C. product design D. place (distribution) E. promotion