Prepare a substantive audit program to test accounts receivable balances and bad debts. the construction of such a program should begin with an explicit recognition of the five financial statement assertions: 1 existence or occurence, 2 completeness, 3 rights and obligations, 4 valuation or allocation, and 5 presentation and disclosure. you should derive your specific audit objectives for accounts receivable and bad debts from these assertions. your audit program should address the five financial statement assertions, as well as any weakness in the control structure that you have uncovered. in ths regard, keep in mind the six categories of control procedures, as well as the other control structure elements. you may assume that you have satisfied yourself as to any assertions not speciffically mentioned in the narrative.

Problem 2-18 job-order costing for a service company [lo2-1, lo2-2, lo2-3]speedy auto repairs uses a job-order costing system. the company's direct materials consist of replacement parts installed in customer vehicles, and its direct labor consists of the mechanics' hourly wages. speedy's overhead costs include various items, such as the shop manager's salary, depreciation of equipment, utilities, insurance, and magazine subscriptions and refreshments for the waiting room. the company applies all of its overhead costs to jobs based on direct labor-hours. at the beginning of the year, it made the following estimates: direct labor-hours required to support estimated output 10,000fixed overhead cost $ 90,000variable overhead cost per direct labor-hour $ 1.00 required: 1. compute the predetermined overhead rate.2. during the year, mr. wilkes brought in his vehicle to replace his brakes, spark plugs, and tires. the following information was available with respect to his job: direct materials $ 600direct labor cost $ 180direct labor-hours used 2 compute mr. wilkes' total job cost. 3. if speedy establishes its selling prices using a markup percentage of 30% of its total job cost, then how much would it have charged mr. wilkes?

The following transactions occur for badger biking company during the month of june: a. provide services to customers on account for $32,000. b. receive cash of $24,000 from customers in (a) above. c. purchase bike equipment by signing a note with the bank for $17,000. d. pay utilities of $3,200 for the current month. analyze each transaction and indicate the amount of increases and decreases in the accounting equation. (decreases to account classifications should be entered as a negative.)

In terms of precent, beer has more alcohol than whiskey true or false