Select an example of a substantive test of transaction. a. sending confirmations to a selection of suppliers to confirm their account payable balance as of the date of the financial statements. b. tracing amounts from a file of vouchers to the acquisitions journal. c. observing whether shipping documents are forwarded daily to billing and observe when they are billed. d. tracing of selected customer cash receipts to the accounts receivable master file, agreeing customer names and amounts.

Amap from a trade development commission or chamber of commerce can be more useful than google maps for identifying

Aproject currently generates sales of $14 million, variable costs equal 50% of sales, and fixed costs are $2.8 million. the firm’s tax rate is 40%. assume all sales and expenses are cash items. (a). what are the effects on cash flow, if sales increase from $14 million to $15.4 million? (input the amount as positive value. enter your answer in dollars not in (b) what are the effects on cash flow, if variable costs increase to 60% of sales? (input the amount as positive value. enter your answers in dollars not in millions). cash flow (increase or decrease) by $

Consider a firm with a contract to sell an asset for $149,000 four years from now. the asset costs $85,000 to produce today. a. given a relevant discount rate of 14 percent per year, calculate the profit the firm will make on this asset. (a loss should be indicated by a minus sign. do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. at what rate does the firm just break even?