All categories

2 years ago

Why is internal control over cash important? Check all that apply.

1 answer:

3 0

Except for option C. All that apply Internal controls must be in place to protect these assets and ensure that only authorized individuals have access to them.

<h3>What is Internal Control?</h3>

Internal control is a procedure implemented by a company's board of directors, management, and other staff members and intended to give reasonable assurance that the information is trustworthy, accurate, and timely. of adherence to relevant laws, rules, contracts, policies, and procedures.

Thus, Internal control is crucial when it comes to cash because it is susceptible to theft or loss. Because of the enormous volume of cash transactions, there is always always a very high risk of theft, which is prevented by the separation of roles and the impossibility of document procedures.

Learn more about Internal Control here:

brainly.com/question/13678245

#SPJ1

You might be interested in

Martin puts his weekly paycheck into his checking account. In which column should he write the value of his paycheck? A checking

cluponka [151]

Answer:

deposits

Explanation:

8 0

3 years ago

While in India you purchased a hat for $15 U.S. How many rupees would you have to pay if each rupee was .032 U.S. dollars? 48 ru

slamgirl [31]

Answer:

468.75 rupees

6 0

4 years ago

The Wall Street Journal reported the following spot and forward rates for the Swiss franc ($/SF):Spot...........................

Gnoma [55]

Answer:

The Wall Street Journal Reports

a. The Swiss franc was selling at a premium in the forward market.

b. The 30-day forward premium was: $0.0049.

c. The 90-day forward premium was: $0.0099.

d. Dollars to receive from a 90-day forward contract is $95,310.

Explanation:

a) Data and Calculations:

Spot and forward rates for the Swiss franc ($/SF):

Spot............................................ $0.9432

30-day forward.......................... $0.9481

90-day forward.......................... $0.9531

180-day forward........................ $0.9594

Premium:

30-day forward.......................... $0.9481

Spot............................................ $0.9432

Premium = $0.0049

90-day forward.......................... $0.9531

Spot............................................ $0.9432

Premium = $0.0099

180-day forward........................ $0.9594

Spot............................................ $0.9432

Premium = $0.0162

Dollars to receive from a 90-day forward contract is $95,310 ($0.9531 * SF 100,000)

6 0

3 years ago

Francis has the standard plan offered by his employer and is making an office visit to an in network Dr. to treat flu like sympt

Vinvika [58]

Explanation:

with insurance from the emploryer the shot should atleast cost 30 of hand and the rest would be paid of 70 %

6 0

4 years ago

Ultimately, the study of international business is no different from the study of domestic business. Thus, there is no point in

insens350 [35]

Answer:

Explanation:

Where the culture and the mode of living are completely different, international business is going beyond boundaries.

People of single culture and region are been dealt with in the domestic business, and it is easy to know what the customer needs. Many cultures are been dealt with when it comes to international business, and there is a need for product customization as per the location. This would require a team that manages these issues in each region.

Hence, when compared to domestic business, the business will be in a large mode. Thus, there is a separate course for international business which helps us to reach the heights we require to see the whole world.

Based on the explanation above, the statement given in the question is false.

7 0

3 years ago