List the relationships ratios and trends

Reference no: EM13135497

Pinnacle Manufacturing: Part VI
Part VI of the Pinnacle Manufacturing case covers analytical procedures and tests of details of balances for accounts payable.

Assume that the understanding of internal controls over acquisitions and cash payments, and the related tests of controls and substantive tests of transactions support an assessment of a low control risk. The accounts payable listing at year-end shows 519 accounts, making up the accounts payable balance of $11,277,989 at 31 December 20X2. Accounts payable balances between $50,001 and $200,000 total $4,075,355 and balances less than $50,000 are $4,792,683.

Required:
1. List the relationships, ratios and trends that will provide useful information about the overall reasonableness of accounts payable. Consider income statement accounts that affect accounts payable in selecting the analytical procedures.

Reference no: EM13135497

Questions Cloud

Find probability that dample mean grade point will be less : What is the probability that the dample mean grade point average will be either less than 2.709 or more than 2.955.

Discuss the ethics of animal research : Discuss the Ethics of Animal Research

What is the minimum mass of nahco3 that must be added : If 24 mL of 6.2 M H2SO4 was spilled, what is the minimum mass of NaHCO3 that must be added to the spill to neutralize the acid?

How much travel costs can jackson deduct per year related : Jamison owns a cabin in Mammoth and travels there for maintenance three times a year. The round trip to Mammoth from San Diego where Jamison lives, is approximately 450 miles. How much travel costs can Jackson deduct per year related to his renta..

List the relationships ratios and trends : 1. List the relationships, ratios and trends that will provide useful information about the overall reasonableness of accounts payable. Consider income statement accounts that affect accounts payable in selecting the analytical procedures.

What is the concentration of sodium chloride : A solution is made by dissolving 3.14g of NaCl in 79.9mL of water. What is the concentration of sodium chloride in units of weight/volume percent?

Which internal control principle if any is being violated : Joe Jones has been a trusted employee for over 10 years. He is responsible for ordering merchandise inventory, receiving the inventory items, and authorizing the payment for these items. Which internal control principle, if any, is being violated..

Problem on journalize the transactions : On September 1, Howe Office Supply had an inventory of 30 pocket calculators at a cost of $18 each. The company uses a perpetual inventory system. During September, the following transactions occurred.

Weighted moving average : Using a 2-month weighted moving average, with weights of 2 for the most recent month and 1 for the previous month develop forecasts sales for March to June inclusive.

User Account

All Pages