A preliminary study of a retailer's operations revealed that employees might feel threatened by the retail audit process. What type of audit should be conducted?
a. disguised audit
b. audit by company department managers
c. audit by outside auditors
d. nondisguised audit
a
Business
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How much value would be added to a firm that could permanently reduce its collection period by two days if daily collections average $10,000 and the opportunity cost is 5 percent annually?
A) $10,000 B) $1,200 C) $20,000 D) $1,000
Business
In a period of rising prices, the inventory method that results in the lowest income tax payment is:
a. LIFO. b. FIFO. c. average cost. d. specific identification.
Business