Answer:
A. All checks require two signatures.
Explanation:
Internal controls refer to the checks and balances that an organization puts into place to ensure its financial transactions' integrity. They are the measures and regulations that safeguard against fraudulent transactions, especially in the finance department. Internal control protects business assets from theft and misuse by malicious employees.
Requiring all transactions to be approved by a senior officer is a control measure that would have prevented Tyler Jones from succeeding in stealing. In this case, the check would have to be signed by a second person. The second signature serves as an approval.
Answer:
Purchases= $408,000
Explanation:
Giving the following information:
Beginning Ending Raw materials inventory$547,000 $610,000
The raw materials used in manufacturing during the year totaled $1,018,000
<u>To calculate the direct material purchased, we need to use the following formula:</u>
Purchases= direct material used in production - ending inventory
Purchases= 1,018,000 - 610,000
Purchases= $408,000
Answer:
The correct answer is (C)
Explanation:
Medical records do not come under the federal privacy act. A patient or a guardian can file a proper request for medical records and after proper identification medical records are released. The request should be a written application or signed by the patient himself. Congress, sec stock trading and FBI investigation are all exempted from federal privacy act.
Answer:
Structural Capital
Explanation:
Based on the information provided within the question it can be said that the intellectual capital that this data represents is a Structural Capital. This refers to assisted infrastructure, processes, and information databases within the firm that allows human capital to function, and always stays within the same firm regardless of changes in management and employees.
