Explain the normal process an auditor would expect to find in the client’s systems governing changes to computer programs. Why is an auditor concerned about program changes?

Q: pboard Font Sensitivity Question 4 In December 2016, Marcus purchased a car at RM 60,000 from Toyota...

A:                              Car A/c

Q: I need help with this accounting problem

A: “Since you have posted a question with multiple sub-parts, we will solve first three subparts for yo...

Q: On 5 December 2020, Manal Trading company sold goods to a customer on account for 37800 OMR. Which o...

A: Accounts receivables: Accounts receivables can be defined as the account that hold up the amount due...

Q: Consider the following project balance profiles for proposed investment projects. Statement 1-For Pr...

A: Out of the given 3 statements. first and second statement is FALSE. The only statement that is TRUE ...

Q: On 5 December 2020, Manal Trading company sold goods to a customer on account for 37800 OMR. Which o...

A: Credit sales may be defined as that type of sales procedure in which the buyer purchases the goods a...

Q: The account balances on December 31, 2019, are shown by the following list of accounts: Cash R.O 21,...

A: Assets are the resources that provide economic benefits to the owner when it produces value. The ass...

Q: The total cost of producing a product is given by (10)C(x) = 300x + 0.1x2 + 1200 Where x represents ...

A: Cost function provides the formula for calculating the cost incurred at a particular activity or pro...

Q: Extract of Balance sheet items  as at 31 December 2019 Net loss (7250) Dividends income ...

A: Owners' equity comprises of capital and retained earnings.

Q: 1. Suppose the business purchased a new car with a value of $30,000, on January 1, 2019. It is estim...

A: In order to record the assets correctly in the financial statements, assets are recorded in the bala...

Q: Accounts Dr Cash OMR 50,000 Accounts receivable 20,000 Supplies 10,000 Prepaid expenses 12,000 Build...

A: Expense is the amount which is being incurred by an entity for the day-to-day activities of the busi...

Q: Distinguish between revenue and capital expenditures, and account for them.

A: Meaning of Expenditure Expenditure is the amount of various expenses incurred for the operations of ...

Q: On January 1, 2019, Western Manufacturing Corporation issued $3,000,000, 10%, 5-year bonds dated Jan...

A: Bonds indicate a written document stating the obligated amount to be paid in the specified future an...

Q: A company has decided to switch from using the FIFO method of inventory valuation to using the avera...

A: FIFO indicates recording the inventory sold at the previous price by assuming that the first purchas...

Q: Journalize the following merchandise transactions:c. Issued a credit memo to Wilson Company for retu...

A: A journal entry is the recording of financial transactions in books of the business entity. It shoul...

Q: A machine costing RM84,000 has a life expectancy of six years and a salvage value of RM42,000. Const...

A: Depreciation refers to the fall in the book value of an asset each year. Depreciable amount is cost/...

Q: The income statement is drawn up from the figures in the _________________ Select one: a. Account...

A: An income statement may be defined as that type financial statement which is prepared to ascertain t...

Q: Calculate Interest Coverage ratio from the following details   NPAT is 97,500 Tax Rate is 35% Debent...

A: Ratio analysis is a method of measuring the financial position of the organization with different ki...

Q: Question 14.14. What should be the current price of a share of stock if a $5 dividend was just paid,...

A: Dividend:- It is the profit or returns income for the investors which the company provides. It is a ...

Q: Calculate minimum daily rate f benefits payable based on the temporary disablement if the person wag...

A: Temporary disablement is the employee’s inability to work who faces an injury at the employer's work...

Q: Help

A: Prepaid expense is the expense which is paid in advance and not incurred yet. Such expense are not b...

Q: For the cash flow shown below. Find the external rate of return (EROR) using rate of return approach...

A: Cash Flow Statement is a part of the Financial Statement of a company. It literally means a statemen...

Q: What is the difference between trading securities and available for sale securities, and how are dif...

A: The financial instruments that are tradable and can be used to raise capital in private and public m...

Q: The following accounts appear in the ledger of Alico Corporation after the books are closed at Decem...

A: Stockholders’ equity: It refers to the residual amount of assets that are available to the company’s...

Q: What is the present worth of a uniform series of 10 payments that begin one year from now in the amo...

A: Present Value is the amount of money's worth on the present day which to be received/paid in future,...

Q: Calculate Liquid Ratio from the given details.   Current Liabilities 65,000 Current Assets 85,000 St...

A: We have the following information: Current Liabilities: $65,000 Current Assets: $85,000 Stock: $20,...

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A: As posted to answer only question number 4. So we are answering only specifically mentioned question...

Q: Cheetah Accessories uses four departments to produce handles for kitchen cabinets: Formingrequires m...

A:                                        JOURNAL ENTRIES  S.No. Particulars Dr.$ Cr.$ 1. Work in...

Q: 1. a. By using Excel : Suppose Haitham has 13200 OR that he invests in an account that pays (D+K) % ...

A:

Q: Question 6, help me

A: Financial statement: Financial statements are organized summaries of detailed information about the ...

Q: Seif Company sells many products. chairs is one of its popular items. Below is an analysis of the in...

A: Inventory refers to the amount of goods or merchandise which the company uses to manufacture or sale...

Q: The following accounts appear in the ledger of Alico Corporation after the books are closed at Decem...

A:                                                       Alico Corporation                             ...

Q: Revenue Expenditures are Select one: a. None of the these b. No direct effect on profit c.Expenses ...

A: Revenue expenditures means those expenditure which is incurred for very short period of time and the...

Q: (b) Dish Systems manufactures satellite systems and has its monthly profit P in dollars related to t...

A: The break-even level is the point at which the total revenue of the firm is equal to the total costs...

Q: Muscat company Purchased an equipment for OMR 5,000 Cash. Which of the following journal entries is ...

A: Journal Entry: Journal entry is the act of keeping records of transactions in an accounting journal....

Q: Remis Furniture manufactures wood furniture. The company report the following costs for January 2018...

A: Manufacturing Cost:- It is the total cost including direct and indirect cost incurred in the product...

Q: Ivanhoe Company issued $2,900,000 of 10%, 10-year bonds on January 1, 2017, at 102. Interest is paya...

A:

Q: On the first day of the fiscal year, a company issues a $584,000, 11%, 10-year bond that pays semian...

A: Bonds are considered a financial instrument used to raise finance for the organization. It is also c...

Q: On February 1, purchased equipment for OMR 55,000 in cash. The Journal Entry should be: Select one: ...

A: The journal is the primary step that has to be performed for maintaining a proper record of the tran...

Q: On 30 June 2023, the end of the current reporting period, Cairns Ltd made a decision, using the info...

A: Gross value of asset =$3000000original useful life =8 yearsOriginal depreciation per year =$30000008...

Q: From the following information, calculate Net Profit (Loss) Sales RO 40520 Cost of the goods sold RO...

A: Income statement: Sales  =             40520 Less: COGS =    21400 Gross profit =    19120 Less:    ...

Q: discuss the profitability in the attached statements.

A: Profitability ratios are a class of financial metrics that are used to assess a business's ability t...