Extent to which the demand<span> for a good changes when income changes.</span>
Answer:
sell, retail, trade, advertise, promote, buying,
Explanation:
Answer:
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Answer:
Seller's proceeds = $66,300
Explanation:
Given:
Seller's costs = $14,700
Commission = $3,150
Excise tax = $650
Escrow fees = $250
Loan payoff = $126,000
Purchase price receive = $210,000
Refund on property taxes paid in advance = $1,050
Computation of seller's proceeds:
Seller's proceeds = (Purchase price receive + Refund on property taxes paid in advance) - (Seller's costs + Commission + Excise tax + Escrow fees + Loan payoff)
Seller's proceeds = ($210,000 + $1,050) - ($14,700 + $3,150 + $650 + $250 + $126,000)
Seller's proceeds = ($211,050) - ($144,750)
Seller's proceeds = $66,300
The following are some causes for a bank balance to differ from a company's balance: Deposits in transit, Charges for printing checks and bank services, Accounting mistakes at the business.
<h3>What are financial statement audits mostly focused on?</h3>
- In a financial statement audit, the auditor is able to determine with a reasonable degree of assurance whether there are no major misstatements in the financial statements.
- Cash can easily stolen or misplaced. As a result, it's critical to put internal controls in place to protect these assets and ensure that only authorized individuals have access to them.
- A fundamental internal control process is to deposit all cash receipts in the bank as soon as possible. Cash receipts are frequently deposited by businesses each day.
- The following are some causes for a bank balance to differ from a company's balance: Deposits in transit, Charges for printing checks and bank services, Accounting mistakes at the business.
To learn more about Accounting mistakes at the business refer to:
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