After the auditor has prepared a flowchart of the accounting procedures and internal controls surrounding the revenue process and has evaluated the design of the system, he or she decides to test controls. The auditor would perform tests of controls on all internal controls:

that are most risky and that the auditor plans to rely on.

that seem to be functioning.

that would assist in preventing fraud.

documented in the flowchart.

Here are the 2017 revenues for Nu-Kim Radiology for four different budgets:

Static Flexible Enrollment & Utilization Flexible Enrollment Actual Budget Budget Budget Results

$150,000 $140,000 $156,000 $162,000 Calculate the following:

Interpret each variance:

1) Revenue Variance –

2) Volume Variance –

3) Price –

4) Enrollment Variance –

5) Utilization Variance –

You are a business consultant in a remote and isolated small town. Two customers, a dentist and a portrait artist, came to you to ask for advice. They are considering to raise the price of their service to increase revenue. Write a short report for each of them using your economic training. How would your report be different if all these happened in the context of a great metropolitan area?

Cosider the financial data for a project given in that table below:

Initial investment   $110,000
Project life   6 years
Salvage value   $10,000
Annual revenue   $25,000
Annual expenses   $5,000

A) What is i* for the project?

B) If the annual expense increases at a 6?% rate over the previous? year's expenses, but the annual income is? unchanged, what is the new i*??

• Do you think the promotion/relegation system should/could be applied to the MLB or NFL professional sports leagues in the U.S.? Why or why not?
• Given the revenue structure of U.S. professional sports teams and European football teams, which leagues will be hurt most if games/matches are played with no or fewer fans attending (ticket sales) because of covid-19? Why?

1. When monopolistic competitive firms differ in terms of their performance, economic integration generates winners and losers. True or False?

2. In the monopolistic competition model the optimal price that each firm establishes in the market
options:

Presented below is information related to Pronghorn Company.

a) Compute ending inventory at lower-of-cost-or-market.

b) Compute cost of goods sold based on (a)

c) Compute gross margin based on (a)