Accounting For Governmental And Not For Profit Entities
Accounting For Governmental And Not For Profit Entities
17th Edition
ISBN: 9781308700441
Author: RECK
Publisher: MCGRAW-HILL HIGHER EDUCATION
Question
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Chapter 17, Problem 13C

a.

To determine

Indicate whether Government Accountability Office (GAO) give an unmodified, or qualified, or adverse, or disclaimer of the opinion to the federal government.

b.

To determine

Indicate the material weaknesses as cited by the Comptroller General.

c.

To determine

Indicate the CFO (Chief Financial Officers) Act federal agencies that received an unmodified opinion for the fiscal year (2018).

d.

To determine

Indicate and explain whether the statements of social insurance receive a clean opinion.

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Quine Inc. reported sales of $8,500,000 for the month and incurred variable expenses totaling $6,300,000 and fixed expenses totaling $1,500,000. The company has no beginning or ending inventories. A total of 90,000 units were produced and sold last month. How many units would the company have to sell to achieve a desired profit of $1,200,000? (rounding up to the nearest whole unit)
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