The selling price of Jerrel Corporation's only product is $300 per unit and its variable expense is $175 per unit. The company's monthly fixed expense is $800,000. (Round up to the a. Break even point in units = nearest whole unit) b. Assume the company's month target profit is $100,000. Target Profit units = (Round up to the nearest whole unit) < Prev 14 of 18 HE Next > ype here to search
Audit Reports
Comp r ehensive Material Series Audit R eports 1) Explain why auditors’ reports are important to users of financial statements and why it is desirable to have standard wording. : Auditor's r eports a r e important to users of financial statements because they info r m users of the auditor's opinion as to whether or not the statements a r e fairly stated or whether no conclusion can be made with r ega r d to the fai r ness of their p r esentation . User s especiall y loo k fo r an y deviatio n f r o m th e wo r din g o f the standa r d unqualified r eport and the r easons and implications of such deviations. Having standa r d wo r ding imp r oves communications for the benefit of users of the auditor’s r eport. When the r e a r e departu r es f r om the standa r d wo r ding, users a r e mo r e li k e...
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