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Question - As you proceed with the Brilliant Backyards audit, you become aware that a different division of your audit firm has prepared most of the accounting records and assisted in determining the new strategy of BB. In accordance with APES 110 (2018), state and explain the most important Fundamental Principle and Threat relevant to this situation and outline an appropriate response to the threat. Assume that BB is NOT a Public Interest Entity.
State and explain the most important Fundamental Principle.
State and explain the most important Threat.
State and explain the appropriate response.
A company has revenues of P500,000, variable costs of P300,000, and pre-tax profit of P150,000. What would be the new breakeven point in pesos
For each of the following situations, what amount would the insurance company pay? a. Wind damage of $835; the insured has $500 deductible.
Utilities cost, $16,000; and factory depreciation, $54,000. Journalize the entry to record the factory overhead incurred during April
The new coffee pot can be sold at a target price of $46, and annual target sales volume for the coffee pot is 250 000. What are the target sales revenues?
Identify, define and discuss the with specific reference to above options - Name the qualitative factors that might influence you to choose the less
Would simply times 2 by the three workers then by $30 per hour? There are three assembly employees that spend 2 hours each, $30 per hour to make
Determine how many boots will you manufacture if given the discretion to set production levels? Show calculations to support your answer.
Assume the following for a one-year rate adjustable rate mortgage loan that is tied to the one-year Treasury rate:
Five years is : Rs. 92000, Rs. 85000, Rs. 94000, Rs. 92500 and Rs. 90000. Find the rate of return at the end of two years, four years and five years.
Recompute the gross margin, assuming that 10,000 rather than 6,000 units were purchased on December 26 at the same cost per unit.
What caused the variances. Based on your analysis, recommend actions that management could take to improve the variances.
How does customer profitability tie into the trends in management accounting? Is online shopping more customer-centric and product-centric?
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