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Rainbow [258]
3 years ago
9

The objectives of internal control are to

Business
1 answer:
maw [93]3 years ago
5 0

Answer:

a. Provide reasonable assurance that assets are safeguarded and used for business purposes, financial reports are accurate, and laws and regulations are complied with.

Explanation:

"In an “effective” internal control system, the following five components work to support the achievement of an entity’s mission, strategies and related business objectives. 1. Control Environment 2. Risk Assessment 3. Control Activities 4. Information and Communication 5. Monitoring"

Reference: Cruz, Sharise. “What Are the Five Components of the COSO Framework?” What Are the Five Components of the COSO Framework?, 2016

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Write any 4 points regarding the nature of target customers, which in the present times has led to the growing importance of ‘Pe
Kryger [21]

Answer:

A target customer profile is simply a specific group of customers most likely to respond positively to your promotions, products, and services. 4 points regarding the nature of target customers:

  • What kind of people we’re looking?
  • Where to find them?
  • What our customers want from our brand, to adapt our value proposition so that our brand is relevant to a specific need or problem?
  • How they compare and choose products to adjust marketing campaigns to make our offering seem the most compelling?

Digital marketing has led to the growing importance of ‘Persuasive function of Promotion' because customers can learn about promotions from home and even compare the campaigns.

Explanation:

Persuading function of Promotion is to motivate customers to buy products under promotion due to intense competition among different industries producing similar types of products.

7 0
3 years ago
After struggling with the accounting training, Peter is unsure whether he can complete the end-of-year financial reporting with
aalyn [17]

Answer: expectancy

Explanation:

From the question, we are informed that Peter struggled with the accounting training, and as a result is unsure whether he can complete the end-of-year financial reporting with no errors in the time allotted.

This shows that Peter is low on the expectancy element of expectancy theory. Expectancy element in the expectancy theory is when one has the belief that his or her effort will lead to the achievement of ones goals and objectives.

8 0
3 years ago
Haynes, Inc. obtained 100 percent of Turner Company's common stock on January 1, 2017, by issuing 10,000 shares of $10 par value
saveliy_v [14]

Answer:

a. $848,000

b. No

Explanation:

a. The calculation of consolidated equipment balance as of December 31, 2018 is shown below:-

Consolidated equipment balance = Equipment balance of Haynes + Equipment balance of Turner + Allocation based on fair value - Depreciation

= $500,000 + $300,000 + $5,000 - (($5,000 ÷ 5 × 2)

= $500,000 + $300,000 + $5,000 - $2,000

= $848,000

2. No it will not affect by the investment method applied by the parent.

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3 years ago
What is the term to describe the emotion or feeling in your voice<br>​
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Tone in my own personal opinion
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a year = the median annual salary for clinical, counseling, and school psychologists was $85,340 per year, according to the Bureau of Labor Statistics. The lowest 10 percent of workers earned less than $44,040, and the highest 10 percent earned more than $129,310.
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