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2 years ago

Reviewing and evaluating records used to prepare a company's financial statements is referred to as ______.

Business

1 answer:

MaRussiya [10]2 years ago

3 0

Answer:

Auditing

Explanation:

Auditing means the audits of the financial statement or the objective examination and the financial statement of the company could be evaluated. It is performed by the third party i.e. auditor. It can be performed by the internal parties and government entity like the internal revenue service

So the review and evaluation of the financial records is called as the auditing

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In the early days of book publishing, publishers functioned as:

podryga [215]

The publishers in the early days of book publishing are considered to be no other than just a printer for they are able to publish books and have them written on a reading material which is why they are functioned to be as printers.

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2 years ago

Mott Company's sales mix is 3 units of A, 2 units of B, and 1 unit of C. Selling prices for each product are $34, $44, and $54,

Airida [17]

The break even point in composite units is 5000 units.

Break even point

The Break-even point is calculated by dividing the fixed cost by the contribution margin per unit.

For this sales mix, the contribution margin per unit is the aggregate of each contribution margin. Contribution margin is calculated by subtracting variable cost from the selling price

Contribution margin for A is $20- $12 = $8 x 3 units

Contribution margin for B is $ 30 - $18 = $12 x 2 units

Contribution margin for C is $40 -$24= $16 x 1 unit

Total contribution margin per unit will be

(8 x 3) x (12 x 2 ) x( $16 x 1)= $64

Break-even point = $320,000 /64

Learn more about break even point here :

brainly.com/question/15356272

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1 year ago

All of the following are examples of fiscal policy except __________.

timama [110]

The given options are all examples of fiscal policy enacted by government except d. lowering the interest rate.

<h3>What is fiscal policy?</h3>

Fiscal policy refers to actions by the government that are meant to improve or constrict economic activity.

They do so by either spending, reducing spending, or altering tax rates. Fiscal policy does not directly influence interest rates as this is done by monetary policy.

Find out more on fiscal policy at brainly.com/question/6583917.

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1 year ago

Conducting ourselves ethically and within the law of business practices

Leno4ka [110]

Conducting yourself ethically and legally could have examples of: making products that are trustworthy, don't false advertise (yes, you can legally do things like endorsements and bandwagons, but you can't say "If you buy this product, you will be elected to a high office!".

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2 years ago

Calculate revenue. Revenue is the quantity sold times the price for the product. The quantity sold will be the smaller of the qu

ira [324]

Answer:

Revenue for Smart Suiting is $521,306.

Explanation:

Revenue is the business operational source of finance. IFRS has made standards for revenue recognition which need to be followed by all organizations. The revenue should be calculated after deducting trade and cash discounts. If there is any sales return it should be deducted from the gross revenue figure. Net revenue should be reported in the Income Statement.

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2 years ago