Prepare a substantive audit program to test accounts receivable balances and bad debts. the construction of such a program should begin with an explicit recognition of the five financial statement assertions: 1 existence or occurence, 2 completeness, 3 rights and obligations, 4 valuation or allocation, and 5 presentation and disclosure. you should derive your specific audit objectives for accounts receivable and bad debts from these assertions. your audit program should address the five financial statement assertions, as well as any weakness in the control structure that you have uncovered. in ths regard, keep in mind the six categories of control procedures, as well as the other control structure elements. you may assume that you have satisfied yourself as to any assertions not speciffically mentioned in the narrative.

In return for their with optimizing his painting project, the castle servant informed poly and digit that he saw someone dressed as the king leaving behind a trail of crumbs as he walked into the jester's room late last night. poly and digit have finally found the crisp-collecting culprit — it turns out the jester's shoe size and hair color match the clues that were found! in gratitude, poly and digit agree to the servant with his current task of replacing all of the tables and chairs in the castle. his goal is to determine which furniture company should produce the new furniture. he receives information from a company that customizes elegant furniture, and he wants to analyze the company's production process in order to calculate some problems about cost and availability. read the following scenario, and assist poly and digit as they the servant with his calculations. the fit for a king furniture company requires 2020 hours of labor to produce a standard table, and a chair requires 1212 hours of labor. the labor available is 565565 hours per week. the company can produce at most 3535 chairs per week.

What type of budget is stated? a budget is a type of financial report that scrutinizes the inflow and outflow of money in a given financial year.

As the inventor of hypertension medication, onesure pharmaceuticals (osp) inc. was able to reap the benefits of economies of scale due to a large consumer demand for the drug. even when competitors later developed similar drugs after the expiry of osp's patents, regular users did not want to switch because they were concerned about possible side effects. which of the following benefits does this scenario best illustrate? a. first-mover advantages b. social benefits c. network externalities d. fringe benefits