lObjective 6-6) The following are various management assertions (a. through m.)
related to sales and accounts receivable.
Management Assertion
a. Recorded sales transactions have occurred.
b. There are no liens or other restrictions on accounts receivable.
c. All sales transactions have been recorded.
d. Receivables are appropriately classified as to trade and other receivables in the financial statements and are clearly described.
e. Sales transactions have been recorded in the proper period.
f. Accounts receivable are recorded at the correct amounts.
g. Sales transactions have been recorded in the appropriate accounts.
h. All required disclosures about sales and receivables have been made.
i. All accounts receivable have been recorded.
j. Disclosures related to receivables are at the correct amounts.
k. Sales transactions have been recorded at the correct amounts.
1. Recorded accounts receivable exist.
m. Disclosures related to sales and receivables relate to the entity.
a. Explain the differences among management assertions about classes of transactions and events, management assertions about account balances, and management assertions about presentation and disclosure.
b. For each assertion, indicate whether it is an assertion about classes of transactions and events, an assertion about account balances, or an assertion about presentation and disclosure.
c. Indicate the name of the assertion made by management. (Hint: See Table 6-2)

LObjective 6-6) The Following Are Various Management Assertions (a. Through M.)related To Sales And Accounts

Answers

Answer 1

The management assertions for the given parts is explains below.

What is assertion?

Management assertions are statements made about specific elements of a business by members of management. The idea is mainly applied to the auditing of financial statements of a company, where the auditors rely on various business assertions.

Consider, the following.

(a) Recorded sales transactions have been recorded

          Category of management.              Classes of transactions                

           Name of assertion.          .               Occurance

(b)  There are no lines are other restrictions in accounts receivable

          Category of management.             Account balances                

          Name of assertion.                          Rights and obligations.          

(c) All sales transactions have been recorded

           Category of management.             Classes of transactions                

            Name of assertion.                        Completeness

(d) Receivables are appropriately classified as to trade and other receivables in the financial  statements and are clearly described.

       Category of management.              Presentation and disclosure

       Name of assertion.                        Classification and understandabilty

(e) sales transactions have been recorded in proper period

         Category of management.                   Classes of transactions.            

          Name of assertion.                               Cut off.  

(f) Account receivables recorded at correct amounts

         Category of management.                  Account balances      

         Name of assertion.                              Valuation and allocation

(g) sales transactions recorded at appropriate accounts

         Category of management.                 Class of transactions                

          Name of assertion.                            Classification

(h) All required disclosure about sales and receivables are at recorded amounts

     Category of management.                 Presentation and disclosure                  

     Name of assertion.                             Completeness

(k) Sales transactions have been recorded at correct amounts

        Category of management.                   Account balances                  

        Name of assertion.                         Completeness

(L) Recorded accounts receivable exist

        Category of management.                Account balances.                  

        Name of assertion.                            Existence

(m) Disclosure related to sales and receivable relate to entity

         Category of management.               Presentation and disclosure                

         Name of assertion.                           Occurance and obligation

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Related Questions

$? Kim spent 41/100 ​

Answers

Answer:

Drag the tiles to the correct boxes to complete the pairs. Not all tiles will be used

Step-by-step explanation:

Answer:

$0.27

Step-by-step explanation:

In total, Kim has .68 cents to spend.

She spend .41 cents.

0.68-0.41=0.27

Therefore, Kim has a total of .27 cents left over.

No scams. Show your work. write answer as a percent and round the nearest whole number if needed.​

Answers

Answer:

Step-by-step explanation:

we will find the area of the inner circle and then the area of the outer circle and see what the ratio is between those 2

area of a circle = [tex]\pi[/tex][tex]r^{2}[/tex]  (where r is the radius, NOT the diameter, easy to confuse)

the radius of the inner circle is 2.5. which  is half of the diameter of 5

inner circle = [tex]\pi[/tex]*(2.5)^2

inner circle =  19.6349...

outer circle = [tex]\pi[/tex]*(10^2)

outer circle = 314.1592...

the ratio is    19.6349... /  314.1592...  = 0.0625

0.0625 = 6.25%

= 6% ( rounded to nearest whole number )

Distributive property 3x(x - 1)
how do u do this?step by step

Answers

I can’t do this step by step but the answer is 3x^2 -3x

A store sells 12 cans of soup for ​$21. How much would it cost you to buy 5 cans of ​soup?

Answers

Answer:

8.75$

Step-by-step explanation:

if 12 cans cost $21

1 can cost $21÷12=1.75$

5 cans = 1.75$ ×5

A 14
B 8
C 11
D 20
I'm pose to simplify it ​

Answers

try photo math it shows you the answer
Hopes this helps:

Answer: 11

1. Simplify 3^2 to 9.
9 + 1 • 2


2. Simplify 1 • 2 to 2.
9 + 2


3. Simplify.
11


Deena works at a customer service call center. She fields an average of 5 calls per hour. Employees are encouraged to field more
than 200 calls per week Deena has already fielded 75 calls this week.
How many more hours, x, does Deena need to work this week to reach the weekly goal of fielded calls if she continutes to field an
average of 5 calls per hour? Select the inequality that includes the fewest number of hours Deena can work this week and still
reach the weekly goal.

Answers

1. She needs to field 240 calls, but has already done 96. => 240-96=144

2. She fields six calls per hour, and how many hours will it take. This is a hint for division. 144/6=24

3. Therefore, x, where x is the minimum number of hours Deena will need to answer 144 more calls, is at least 144.

4. Answer: c. x>24

Find the mean for the scores: 3.850; 5,300: 8,540; 4.300; 5,360. ​

Answers

Answer:5470

Step-by-step explanation:The mean is the average of the data collected in the graph.Step one add everthing together which is 3,850+ 5,300+ 8,540+ 4,300+5,360=27,350, Step two divide 27,350 with the total amount of numbers that's in the graph which is 5 if you divide those two number together you will get on average 5,470.

PLEASE HELP!!! ILL GIVE BRAINLIEST !! Which is the correct answer ?

Answers

Answer:

C. Alternate Interior angles.

Step-by-step explanation:

Alternate interior angles are inside parallel lines, and on opposite sides of the transversal line that crosses the parallel lines.

It's not A, because corresponding angles are in the same position on parallel lines. Angles 2 & 6 are corresponding angles. It's not B, because the two are not next to each other, forming a straight line. 6&7 are straight angles, and 5&6 are straight angles.

Please help, brainliest for correct answer

Answers

Answer:

800

Step-by-step explanation:

3/4*3.14*(14/2)^3 = 807.77

Answer:

1435.99 rounded.

Step-by-step explanation:

Remark

Just as a note, you would be better off using 22/7 for pi

Formula

V = 4/3 * pi * r^3

Givens

Pi = 3.14

d = 14 units

Solution

r = d / 2

r = 14/2

r = 7

Volume = 4/3 * 3.14 * 7^3

Volume = 1.3333 * 3.14 * 7^3

Volume = 1.3333 * 3.14 * 343

Volume = 1435.99 rounded to the nearest 1/100 th.

The area of a rectangle is given by the tri nominal y^2+4y-45. If the Length of the rectangle is y+9, what is the width of the rectangle

Answers

Answer:

width = y - 5

Step-by-step explanation:

area = y^2 + 4y - 45

(y + 9)(y - 5)

For the number line shown, which statement is not true?

Answers

Answer:

The answer is The First One, IaI > b

Step-by-step explanation:

Find the surface area of a triangle prisms

Answers

Answer: 544 sq. inch

Step-by-step explanation:

12 x 8 x 0.5 x 2 + 10 x 14 x 2 + 12 x 14 = 544

Surface of triangle = 98
x 2
= 196

10x14= 140
x3
= 420

420 + 196 = 616 inches

A sphere has a radius of 2 m. Calculate its surface area. Round to the nearest whole number
a
b.
50 sq.m
113 sq.m
C.
d.
212 sq.m
103 sq.m
Please select the best answer from the choices provided
A

Answers

Answer:

50 square meters should be your answer

Step-by-step explanation:

The formula of the Surface Area of a sphere is 4πr2 (4*r*squared)

if the radius of the sphere is 2 m, our formula will become 4π(2)[squared]

let us break this down into two pieces:

4π = 12.5663706144

2[squared] = 4

Then when we multiply our answers:

12.5663706144 * 4 = 50.2654824576

since it says to round it to the nearest whole number, we can round this to 50

I HOPE YOU HAVE A WONDERFUL DAY AND GET THIS CORRECT!!!

Please rate and heart if my answer helped you!!!!

Decide whether the integral is improper.
[infinity]
â« ln(x3) dx
0

Answers

Answer:

Yes, It is improper.

Step-by-step explanation:

Your answer is correct. The limits of integration are finite. The integrand is not continuous on [1, ∞). At least one of the limits of integration is not finite. The integrand is continuous on [1, ∞).

Please help As Soon As Possible

Answers

Answer:

12, sorry if I'm wrong

Step-by-step explanation:

hope it helps

Answer:

Both are correct

Step-by-step explanation:

Tan = Opposite / Adjacent

Tan A = 3/4....... therefore she is correct

Tan C = 4/3........therefore she is also correct

Please mark as brainliest for further answers :)

A. Without using pencil and paper to actually find the products, how will the product of 3 x 10.6 compare to the product of 2.7 x 10.6? Explain your answer.

B. How will the product of 2.7 X 10.6 compare to the product of 3 X 10.6? Explain your answer.


how do i answer these i forgot all this-​

Answers

Answer:

Step-by-step explanation:

in A , because we are multiplying a number by the same number in each case, 10.6  we know, that the 3  as compared to the 2.7 , will make a bigger number 3*10.6  is greater than  2.7 * 10.6    ,  it's just a quick way to make sure our answer is good

in B,  as above, we know that 2.7*10.6 will be less than 3*10.6      see?

Find the missing angle

Answers

Answer:

x+63=90(complementary angle)

x=90-63

x=27

X = 27 both sides need to equal 90 in a angle like this so 27+63=99

PLEASE ANSWER ASAP FOR BRAINELST!!!!!!!!!!!!!!!!!!!!! :D
please show work if you can. thank you in advance! (NO LINKS OR YOU WILL BE REPORTED!!!!)

Answers

Answer:

C.

Step-by-step explanation:

Frosted:

6*6*6+10*10*6

This equals 816

Not frosted:

6*6+10*10

This equals 136

Subtract

816-136= 680 sq inches

Imagine you wish to determine whether the mean number of hours worked per week by men in a sample differs from the national 40-hour average. Use the information below to calculate the t-statisic. Be sure to also specify the degrees of freedom. Weekly Hours Worked by Men Range 60 Minimum value 5 Maximum value 65 Mean 42.31 Standard deviation 10.00 Number of observations 29

Answers

Answer:

Step-by-step explanation:

The sample standard deviation (s) divided by the square root of the number of observations in the sample (n).

A food truck at the fair had 24 pies to sell. Each pie was cut into pieces and each piece was cut into 1/8 of a pie. How many pieces of pie did the food truck have to sell?

Answers

Answer:

192

Step-by-step explanation:

Find the exAct length of a line segment whose endpoints are (4,-5) and (6,-2).

Answers

Answer:

Square root of 13

Step-by-step explanation:

distance between two points = under root (x2-x1)^2 + (y2-y1)^2

here, (x1,y1)=(4,-5) & (x2,y2)=(6,-2)

Substitute values and finally you can get it..

HELP NEEDED ASAP WILL GIVE BRAINLIEST.NO TROLLS

Answers

Answer:

what t f do u need?

Step-by-step explanation:

Answer:

WHATS THE QUESTION

Step-by-step explanation:

Select all of the solutions to the original equation X=4X equals -16 X equals minus 4X equals 16 X equals minus 8X equals minus 1X equals one X equals eight

Answers

Answer: i don´t know the answer sorry

Step-by-step explanation:

$1400 is placed in account with an animal interest-rate of 7.25% to the nearest 10th of a year how long will it take for the account value to reach 4600$

Answers

Answer : 17

Explanation

What is the period of f(x) = sin(x)?
Pi over 2
Pi
3 pi over 2
2 pi

Answers

Answer:

2pi

2pi radians are equal to 360 degrees. After this point, the function f(x) = sin(x) repeats its values again. Each cycle is 2pi radians long.

Step-by-step explanation:

WILL GIVE BRAINLIEST HELP

Answers

Answer: (0,4) and (0,0)

(Hope this helps.)

Ben ate 3/8 of a pizza. The remaining fraction of the pizza is ____​

Answers

Answer:

fnndmd

Step-by-step explanation:

cnbbzbznznzxjjdjdjdkkxkxnxndnxnxnxnnxnxjxjxnxkxkxkkxmxmzmzmzmxmxmbald mfmd

plz help I will give the brainlist David drew this diagram of a picture frame he is going to make. Each square represents 1 square inch. What is the area of the picture​ frame?

Answers

Answer:

32

Step-by-step explanation:

I have the answer for this geometry question just how to I solve it. Quickest and correct and semi-long explanation gets brainliest and 100 points. HURRY PLEASE!!!

Answers

Answer:

75

Step-by-step explanation:

If the area of ABCD is equal to 45, then the perimeter of EFG is equal to x * 1.5 = 45. 45 / 1.5 = 30, so the perimeter of EFG is equal to 30. This means that each side is equal to 10.

The height of the equilateral triangle EFG creates two 30-60-90 triangles, each with a hypotenuse of 10 and a short side equal to 5. We know that the long side of the 30-60-90 triangle (here the height of EFG) is equal to √3 times the short side, or 5√3.

We then apply the formula for the area of a triangle, which is 1/2 * b * h. We get 1/2 * 10 * 5√3 = 5 * 5√3 = 25√3.

In general, the height of an equilateral triangle is equal to √3 / 2 times a side of the equilateral triangle. The area of an equilateral triangle is equal to 1/2 * √3s/ 2 * s = √3s2/4.

C and D are mutually exclusive events. Find P(C or D).
P(C)= 3/7= P(D)= 4/7
P(C or D)

Answers

Answer:

[tex]P(C\ or\ D) = 1[/tex]

Step-by-step explanation:

Given

[tex]P(C) = \frac{3}{7}[/tex]

[tex]P(D) = \frac{4}{7}[/tex]

Required

[tex]P(C\ or\ D)[/tex]

Since the events are mutually exclusive, then:

[tex]P(C\ or\ D) = P(C) + P(D)[/tex]

So, we have:

[tex]P(C\ or\ D) = \frac{3}{7} + \frac{4}{7}[/tex]

Take LCM

[tex]P(C\ or\ D) = \frac{3+4}{7}[/tex]

[tex]P(C\ or\ D) = \frac{7}{7}[/tex]

[tex]P(C\ or\ D) = 1[/tex]

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