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Allushta [10]
1 year ago
13

a segregation of duties among employees always eliminates the possibility of collusion. group of answer choices true false

Business
1 answer:
ozzi1 year ago
7 0

Dividing tasks between employees always eliminates the possibility of collusion, but this is wrong.

Segregation of duties is important for effective internal control because it reduces the risk of errors or improper conduct. Preventing collusion helps fight fraud.

Separation of duties is an important practice to reduce the occurrence of errors and fraud by ensuring that employees do not have the opportunity to commit or conceal errors or fraud in the performance of their duties. That is internal control.

Separation of duties reduces the risk of fraud or misconduct as each affected employee has access controls and restrictions in place. Task division is delegating different steps of the process to different people to delegate important functions.

To learn more about collusion

brainly.com/question/14409158

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On May 1, a two-year insurance policy was purchased for $26,400 with coverage to begin immediately. What is the amount of insura
Ket [755]

Answer:

$8,800

Explanation:

Calculation for What is the amount of insurance expense that would appear on the company's income statement for the first year ended December 31

First step is to calculate insurance amount per year

Insurance=$26,400/2 years

Insurance= 13,200

Second step is to calculate the insurance value per months

Insurance value=13,200/12 months

Insurance value=1,100

Now let calculate insurance expense

Insurance expense =$1,100 x 8 months

Insurance expense = $8,800

Note that May 1 to December 31 will give us 8 months

Therefore the amount of insurance expense that would appear on the company's income statement for the first year ended December 31 will be $8,800

8 0
3 years ago
New technology lowering the costs of production will cause the equilibrium price to ______________ and the equilibrium quantity
lisabon 2012 [21]
I believe the answer is A. <span>decrease; increase
</span><span>lowering the costs of production means that the company could still obtain the same amount of profit while reducing the price on the market.
Due to the development of technology, the production process will become more efficient, which lead to an increase of total quantity of the products on the market.</span>
5 0
3 years ago
Read 2 more answers
An office building has $66,000 of net income and sold for $550,000. What was the rate of return? 12% 8.3% 10% 11.1%
spayn [35]

Answer:

8,3

Explanation:

its less then 10%

5 0
3 years ago
Read 2 more answers
25 points
drek231 [11]

Answer:

transition color

Explanation:

i just finished the test

6 0
3 years ago
You purchased five call option contracts with a strike price of $22.50 and an option premium of $.48. You held the option until
Wittaler [7]

Answer:

You lose your premium <em>$</em><em>240</em> down the drain.

Explanation:

-$240

Total Loss= 5*(100 x -$0.48)= -$240

Good luck mate! Options are very risky.

7 0
2 years ago
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