Assume that you have completed your procedures on the audit of Warren Corporation and have found the following audit issues.
a. Indicate the account balance financial statement assertion that is likely to be most impacted by each of the issues.
b. Indicate whether the impact of the issue would be understatement or overstatement of the account.
1. It was discovered that a number of the items on hand and counted in the inventory were on consignment.
2. In performing a price test of inventory items, you found a number of items priced below cost.
3. It appears that the selling price of certain of the company's products has declined significantly.
4. During the physical inventory it was noted that a number of inventory items were damaged.
5. Completeness Existencee Rights and Obligations Valuation and Allocation Inventory items were stored in three different warehouses and the auditors fear that some items might be in an undisclosed fourth warehouse.
6. Some inventory items owned by the company were in transit during the physical inventory.

a. The indication of the account balance financial statement assertions of the following issues are as follows:

Issues                                     Financial Statement Assertions

1. Consignment Inventory     Existence, Completeness, Rights and Obligations

2. Items priced below cost   Existence, Accuracy and Valuation

3. Significant decline in selling prices = Accuracy and Valuation

4. Damaged inventory          Existence, Accuracy and Valuation

5. Undisclosed fourth warehouse =  Existence, Completeness, Accuracy and Valuation

6. Inventory in-transit           Existence, Accuracy and Valuation, completion, Rights and Obligations

b. Issues                                                 Impacts

1.  Consignment Inventory                    Overstatement

2. Items priced below cost                    Understatement

3. Significant decline in selling prices  Overstatement

4. Damaged inventory                           Overstatement

5.  Undisclosed fourth warehouse       Overstatement

6. Inventory in-transit                            Understatement

Thus, the financial statement assertions that the auditor must verify are existence, completeness, rights and obligations, accuracy and valuation, and presentation and disclosure.

Learn more: https://brainly.com/question/19755281

This year you earned 75,500. Last year you earned 72,400. What was the rate of change on your earnings since last year? A. 4.28% B. 4.68% C. 4.92% D. 5.12%​

Reasons why there can be power without authority and their examples​

Developing training program

The Centers for Disease Control and Prevention (CDC) defines a healthy sleep duration
to be at least seven hours per day. The CDC reports that the percentage of people who
report a healthy sleep duration varies by marital status. The CDC also reports that in
2018, 67% of those who are married report a healthy sleep duration; 62% of those who
have never been married report a healthy sleep duration; and 56% of those who are
divorced, widowed, or separated report a healthy sleep duration. The file Sleep Habits
contains sample data on the sleeping habits of people who have never been married
that are consistent with the CDC's findings. Use these data to answer the following
questions. Click on the datafile logo to reference the data,
DATA file
a. Develop a point estimate and a 95% confidence interval for the proportion of those
who have never been married who report a healthy sleep duration,
Point estimate
(to 4 decimals)
to
Confidence interval
(to 4 decimals)
4
b. Develop a point estimate and a 95% confidence interval for the mean number of
hours of sleep for those who have never been married.
(to 4 decimals)
Point estimate
to
Confidence interval
(to 4 decimals)
c. For those who have never been married, estimate the number of hours of sleep per
day for those who report a healthy sleep duration (to 4 decimals).

Coca-Cola and PepsiCo are the leading competitors in the market for cola products. In 1960 Coca-Cola introduced Sprite, which today is the worldwide leader in the lemon-lime soft drink market and ranks fourth among all soft drinks worldwide. Prior to 1999, PepsiCo did not have a product that competed directly against Sprite and had to decide whether to introduce such a soft drink. By not introducing a lemon-lime drink, PepsiCo would continue to earn a $200 million profit and Coca Cola would continue to earn a $300 million profit.

Suppose that by introducing a new lemon-line soft drink, one of two possible strategies could be pursued : (1) PepsiCo could trigger a price war with Coca-Cola in both lemon-lime and cola markets or (2) Coca-Cola could acquiesce and each firm maintains its current 50/50 split of the cola market and split the lemon-lime market 70/30 in favor of Coca-Cola. If Pepsi introduced a lemon-lime drink and a price war resulted, both companies would earn profits of $100 million. Alternatively, Coca-Cola and PepsiCo would earn $275 million and $227 million, respectively, if PepsiCo introduce a lemon-lime drink and Coca-Cola acquiesced and split the markets as listed above.

Diagram this situation using the extensive or tree-form of a game.

How you can convince your colleagues that introducing the new soft drink is the most profitable strategy by explaining the reasoning and theoretical analysis?

This settlement made history, but not in a good way. It was both the largest criminal fine and the largest settlement of civil healthcare fraud charges ever paid. Shareholders filed a derivative suit against the Pfizer board and top executives. Defendants responded with a motion to dismiss on the grounds that shareholders had not made demand on the board. Is demand necessary

List of biodegradable products?

Please give good answers! 100 points!

8
Tracy has heard about government bonds before, but she isn't sure what they are. She is very conservative by nature and is really hesitant
about trying new things. What can you tell her about government bonds that might actually convince her to invest?
OA. They always have a very high Interest rate.
OB. They are extremely difficult to find.
O c. They allow you constant access to your investment Income.
OD. They are relatively risk-free.
Reset
Next

3.
Just before the accident, Falicia actually reduced her policy from $50,000 to $25,000.
a.
How much does Alicia have to pay?
b. How much does her insurance pay?

Along with a complete shut down or even jail time for its principals, what other possible result can occur if a business violates federal regulations?
A. The business may be fined for its infractions.
B. The business may be sanctioned and employees asked to resign.
C. The principal owners would be asked to leave the country

no links please​

A decrease in the discount rate causes employment to

Companies use esg integration to create new forms of

Assume a company is considering whether to accept or reject a special order opportunity to sell a customer 300 units of a slightly customized version of one of its products for $38.25. The normal selling price of this product is $48 per unit. It can fulfill the order using existing manufacturing capacity. The company’s accounting system estimates the following unit product cost for this product: Per Unit Direct materials $ 18 Direct labor 12 Manufacturing overhead 10 Total cost $ 40 The company estimates that $3 of its manufacturing overhead varies with respect to the number of units produced. The remainder of its overhead is fixed and unaffected by the volume of units produced within the relevant range. Assuming that this decision will have no effect on sales to other customers, what is the financial advantage (disadvantage) of accepting the special order?

When a change in the price level leads to a change in the interest rate and thus a change in the quantity of aggregate demand, it is called the:

Identify a current trending topic on Yahoo! or Twitter. Why do you think this particular topic is currently trending? How long do you think this topic will remain popular? Can you connect the trending topic to any of the cultural values and behaviors discussed in your readings?

On job training techniques example

Can anyone help me with this accounting question? Im confused with the question​

Interviewing Techniques
Lexie, a marketing manager, regularly interviews candidates for her team. Because Lexie is a
people person, and her department is built on teamwork, when she interviews candidates for a
job, she tries to get to know the candidates as people. She always begins by saying, "Tell me
about yourself," and based on what the candidate says, she lets the conversation unfold for 30
to 60 minutes per session.
Questions
i) How does Lexie’s current interview technique limit her effectiveness as an interviewer?
[3 marks]
ii) Lexie also wishes to contact people or organizations as referees for job candidates to fill
strategic positions in the organizations. Discuss two to three limitations of referee reports
placed on management or organizations for job candidates. How do organizations cope
with this burden?
[4 marks]
iii) The human resource department at Lexie’s organization is preparing to formulate a drug
testing policy for all potential job applicants. Discuss why drug tests is a controversial
component of the personnel selection process?
[3 marks

Joanna ran a red light and hit another car. No one was hurt, but there was
damage to both vehicles. Joanna has liability coverage, but she does not
have collision insurance. Joanna's insurance carrier will pay for the damage
to:
A. neither vehicle.
Ο Ο
B. Joanna's vehicle only.
C. the other driver's vehicle only.
O
O
D. both vehicles.

Sheridan Company uses a periodic inventory system. For April, when the company sold 450 units, the following information is available. Units Unit Cost Total Cost April 1 inventory 280 $ 17 $ 4,760 April 15 purchase 420 20 8,400 April 23 purchase 300 22 6,600 1,000 $ 19,760 Calculate weighted average cost per unit.

1. Explain the role of values in the making of business ethics. How these can be incorporated in working out business strategy?​

Pina Colada Co. had the following transactions during the current period.

Mar. 2 Issued 5,000 shares of $5 par value common stock to attorneys in payment of a bill for $29,400 for services performed in helping the company to incorporate.
June 12 Issued 58,300 shares of $5 par value common stock for cash of $362,400.
July 11 Issued 1,025 shares of $100 par value preferred stock for cash at $130 per share.
Nov. 28 Purchased 2,520 shares of treasury stock for $78,000.

Requried:
Journalize the transactions.

Boreki Enterprise has the following 10 items in inventory. Theodore Boreki asks you a recent OM graduate to divide these item into ABC classification. Fill in the blanks and then answer the following questions. round dollar volume to the nearest number and percentage of dollar volume to two decimal places.
Item Annual Demand Cost\Unit Dollar Volume % of Total Dollar Volume
A2 3500 50 ___ ___
BB 4000 12 48,000 4.89
CT 1500 45 67,500 6.60
D1 6000 20 _____ _____
E9 1000 20 20,000 1.95
F3 500 500 ____ _____
G2 200 1500 300,000 29.34
H2 600 20 12,000 1.17
I5 1750 10 ____ ___
J8 2500 5 12,500 1.22
Based on the percentages of dollar volume, Item A2 should be classified as _____.

(for economics class) How could a manager or owner of a business utilize a cost production table to make the business a success?

Rogers Company completed the following transactions during 2011. The annual accounting period ends December 31, 2011.
Jan. 8 Purchased merchandise for resale on account at an invoice cost of $14,860; assume a periodic inventory system.
Jan. 17 Paid January 8 invoice.
Apr. 1 Borrowed $35,000 from National Bank for general use; executed a 12-month, 12 percent interest-bearing note payable.
June 3 Purchased merchandise for resale on account at an invoice cost of $17,420.July 5 Paid June 3 invoice.
Aug. 1 Rented a small office in a building owned by the company and collected six months' rent in advance amounting to $6,000. (Record the collection in a way that will not require an adjusting entry at year-end.)
Dec. 20 Received a $100 deposit from a customer as a guarantee to return a large trailer "borrowed" for 30 days.
Dec. 31 Determined wages of $9,500 earned but not yet paid on December 31 (disregard payroll taxes).
1. Prepare journal entries for each of these transactions.
2. Prepare all adjusting entries required on December 31, 2011.
3. Show how all of the liabilities arising from these transactions are reported on the balance sheet at December 31, 2011.
4. For each transaction, state whether cash flow from operating activities is increased or decreased or whether there is no effect.

what are books of prime entry? ​

Identify the supporting document:

A_ Sale of merchandise

B_Payment of rent

C_Buy a car

D_Current account deposit

E_Delivery of goods​

What is the advantage and disadvantage of air transport in tourism industry

I hope that if you graduate, what can you do for this company better?

zarasiato24, I couldn't give Brainliest so I am posting a new question so I can give you Brainliest