Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Inventory at Dec 31 2015.IMD X Totalled on: PRICE_MOV Stratum # 1 2 3 4 5 6 7 8 9 10 >= L Limit
Inventory at Dec 31 2015.IMD X Totalled on: PRICE_MOV Stratum # 1 2 3 4 5 6 7 8 9 10 >= L Limit -50.00 -40.00 -30.00 -20.00 -10.00 0.00 10.00 20.00 30.00 40.00 1. D- 2. 3. D- 4. Complete this question by entering your answers in the tabs below. Req A Req B1 to B4 Req C Req D1 Req D2 b-1. What percentage of inventory items have price movements in excess of 50%? (Enter your answer as a whole percentage rounded to 3 decimal places (e.g., .1234 should be entered as 1.234%).) b-2. How many of these items experienced price increases? b-3. How many of these items experienced price decreases? b-4. Which direction of change would be most concerning to the auditor: a price increase or a price decrease? Percentage of inventory items have price movements in excess of 50% Total number of items that experienced price increases Total number of items that experienced price deceases Would a price increase or a price decrease be more concerning to an auditor? % Show less A
Step by Step Solution
★★★★★
3.44 Rating (154 Votes )
There are 3 Steps involved in it
Step: 1
The answer provided below has been developed in a clear step by st...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started