An organization accumulated the following data for the prior fiscal year:
Value of
Percentage of
Quarter
Output Produced
Cost X
1
$4,750,000
2.9
2
$4,700,000
3.0
3
$4,350,000
3.2
4
$4,000,000
3.5
Based on this data, which of the following describes the value of Cost X in relation to the value of Output Produced?
An internal auditor observed that the organization's disaster recovery solution will make use of a code site in a town several miles away Which of the following is likely to be a characteristic of this disaster recovery solution?
A physical inventory count showed an entity had inventory costing US $1.000.000 on hand
at December 31 Year 1 Excluded from this amount were the following:
Goods costing US $82,000 shipped to a customer free on board FOB) shipping point on
December 28. Year 1
They were expected to be received by the customer on January 4. Year 2.
Goods costing US $122.000 shipped to a customer free on board FB nation
December 30, Year 1 They were expected to be received by the customer on January 5, Year 2.
Compute the correct ending inventory to be reported on the shipper's balance sheet at
December 31, Year I.
An organization engages in questionable financial reporting practices due to pressure to meet unrealistic performance targets. Which internal control component is most negatively affected?
Company A is a producer of citrus flavored dessert products. Its most popular product is its key, lime pies, which are made with many fine ingredients, including egg yolks. Company A also sells the egg whites that are left over from its production process. These egg whites are sold at any price that is greater than the cost of storing and delivering them. What is the pricing of the egg whites?
