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PIT_PIT [208]
2 years ago
5

The CEO of TruTone Manufacturing tells her executive management team that the company must become more agile to stay competitive

. She says, "We have several options to improve our agility, a couple that we have already started to implement. But, most importantly, I believe that we need to organize around our primary strengths and expertise: our __________."
Business
1 answer:
fomenos2 years ago
5 0

The statement "I believe that we need to organize around our primary strengths and expertise" complete part is: core capabilities.

<h3>What is core capabilities?</h3>

Core capabilities can defined as the ability to put into use the skills, knowledge you have developed so as to achieve your set goals and objectives.

A company or organization that want to have an a competitive advantage over other companies, the employers of that company must possess  core capabilities as this will enables them to stay competitve.

Inconclusion  the complete part of the given statement is: core capabilities.

Learn more about  core capabilities here:brainly.com/question/5804955

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Identify the internal control weakness in the following situations. State how the person can hurt the company.
Degger [83]

Answer:

Identification of the Internal Control Weaknesses:

A.  There is no segregation of duties and there is lack of access control.  Jerry Miller as a security guard is not expected to have a master key to the cash box.  With this he can pilfer the cash.  If he prepares the report that shows the number of cars that parked on the lot, he is not supposed to also prepare the day's cash receipts.  Otherwise, he can state any number of cars as parked that he likes, and which corresponds to the cash he might leave in the Cash box since he also has a master key.

B.  There is no segregation of duties and there is lack of supervision,  proper reconciliations, and assets audit.  Sharon Fisher handles purchase transactions from the beginning to the close all alone with a third party.  This exposes the company to procurement frauds and collusion with suppliers.  She can purchase assets for the company at prices that would enrich her personally.

C. Forming an audit opinion on the basis of ratio analysis of last year's comparative financial statements exposes the company to audit risks.  While ratio analysis is part of the basis for forming audit opinions, it is surely not the first audit procedure to obtain audit evidence to support his audit opinion on the financial statements.  An auditor is expected to obtain sufficient audit evidence and perform audit substantive tests of financial statement assertions.  He or she is also expected to review the internal control system to ensure that it is operating effectively after establishing its existence and reviewing changes in internal controls.

Explanation:

Internal Controls are controls established by management in order to help it achieve business goals.  There are many internal controls, including Separation of Duties, Access Controls , Authorization and Approvals, Asset Audits, Reconciliations, and Data Backups.  The purposes of internal controls are to establish the reliability of financial reporting, ensure timely feedback on the achievement of operational or strategic goals, and achieve compliance with financial management laws, and accounting regulations.

4 0
3 years ago
Your friend is going to purchase a car and will finance it. she is borrowing $20,000 at a monthly rate of 0.50 nd will pay it of
stiv31 [10]

The monthly payment is $386.67.

<h3>What is the monthly interest rate?</h3>
  • A monthly interest rate is simply the amount of interest charged in one month.
  • This does not include any other fees associated with the loan, and it does not indicate how expensive a loan is.
  • APR, on the other hand, is the annual percentage rate charged on a loan for a year.

So,

  • PV = 20,000, I/y = 0.50, n = 12 × 5, FV = 0
  • CPT PMT which equals $386.67

Therefore, the monthly payment is $386.67.

Know more about monthly interest rates here:

brainly.com/question/2151013

#SPJ4

6 0
1 year ago
Chez Fred Bakery estimates the allowance for uncollectible accounts at 3% of the ending balance of accounts receivable. During 2
yan [13]

Answer:

$50,120

Explanation:

Account receivable on December 31, 2021 × 3% = 600

Account receivable on December 31, 2021 = $600 ÷ 3% = $20,000

Accounts receivable on January 1, 2021 = $20,000 - $118,000 + $148,000 + $120 = $50,120

Therefore, the balance of accounts receivable on January 1, 2021 is $50,120.

5 0
3 years ago
The lower the concentration ratio the
Papessa [141]
More competitive the industry.
7 0
3 years ago
What evidence do you see in this case of the three kinds of corporate philanthropy discussed in this chapter: contributions of c
vodomira [7]

Answer:

Find the explanation below.

Explanation:

Philanthropy is the act of giving of material resources to promote a noble cause. From the heading "Salesforce's 1+1+1 Integrated Philosophy", we learn about a Company named Salesforce who allocated a percentage of its profit to charitable causes.  

1. Evidence of contributions of cash can be seen in its donation of up to $200 million to charitable courses.

2. Contributions in-kind products or services can be seen in the event where the staff of the company rebuilt the website of the Redcross society during Hurricane Harvey in 2017.

3. Contribution through employee time is seen from the fact that the company gives its employees 7 days paid leave to volunteer in schools where they teach children website development.

6 0
3 years ago
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