The following is not a primary component of an internal control system <u>Control environment .</u>
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The primary cause of inner controls is to assist safeguard an corporation and further its objectives. internal controls characteristic to limit risks and shield property, make certain accuracy of facts, sell operational efficiency, and inspire adherence to policies, rules, regulations, and legal guidelines.
Internal controls are techniques designed to help guard an enterprise and limit danger to its objectives. inner controls decrease risks and guard belongings, ensure accuracy of statistics, sell operational performance, and encourage adherence to policies, policies, policies, and laws.
Determining whether a specific internal manage machine is effective is a judgement because of an assessment of whether the five additives - manage surroundings, risk assessment, manage sports, information and communique, and tracking - are present and functioning.
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Answer:
We do not have enough information to answer this question.
Explanation:
The price elasticity of demand measure the elasticity of anything when there is a change in the quantity demanded of that thing relative to the percentage change in price of it.
The formula for Price elasticity of demand is,
=> Percentage change in QTY demanded / Percentage change in price.
Hence it can be concluded that although we have the change in price but we do not have the quantity mentioned in the question anywhere.
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Answer:
Cash conversion cycle = 41.67
Operating Cycle = 86.03
Explanations:
Average Invetory = (10500 + 11500)/2 = 11,000.00
Average accounts receivable(AR) = (5500 + 5800)/2 = 5,650.00
Average Accounts payable (AP)= (7700 + 8100)/2 = 7,900.00
Credit Sales = 85,000.00
AR Turnover = 85000/5650 = 15.04
Days sales outstanding = 365/ 15.04 = 24.26
Cost of goods sold = 65,000.00
AP turnover = 65000/7900 = 8.23
Days payable outstanding = 365/8.23 = 44.36
Inventory turnover= 65000/11000 = 5.91
Days inventory O/S = 365/5.91 = 61.77
Cash conversion cycle = Days Inventory outstanding + days Sales o/S - Days Payable O/S = 61.77 + 24.26 - 44.36 = 41.67
Operating Cycle = Days' Sales of Inventory + Days Sales Outstanding 61.77 + 24.26 = 86.03
<span>Determining point of diminishing returns, that is when the policy makers are getting less back than what they put into the programs. This is the most often used economic method by policy makers when they make pollution regulations.</span>
