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NEW QUESTION: 1
What type of analysis is performed when an auditor tests for unusual variations in information by comparing the number of employees working at a factory site with the direct cost of production each month over a period of one year?
A. Horizontal analysis.
B. Ratio analysis.
C. Regression analysis.
D. Trend analysis.
Answer: C
NEW QUESTION: 2
A vendor requires a payment of 20% of the purchase price when the purchase order (PO) is sent and the
company wants to withhold of the payment until 90 days after receiving the item before final payment is
made.
How would this be accomplished'?
A. A Price Contract would be created with a payment schedule with an invoice of 20% at the time the PO
is Approved, an invoice of 60% at the time the item is received and another invoice for 20% 90 days after
receipt.
B. A Purchase Requisition would be created and three invoices would) be generated via the invoicing
application One invoice tor 20%. one for 60% and one for 20%
C. A Blanket Contract would be created with a payment schedule with an invoice of 20% at the time the
PO is Approved, an invoice of 60% at the time the item is received and another invoice for 20% 90 days
after receipt
D. A Purchase Contract would be created with a payment schedule with an invoice of 20% at the time the
PO is Approved, an invoice of 60% at the time the item is received and another invoice for 20% 90 days
after receipt
Answer: D
NEW QUESTION: 3
A. Option A
B. Option D
C. Option B
D. Option C
Answer: A
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