Answer:
B “six to eighteen months“
Explanation:
i googled
The answer is a mixed economy. most commercial enterprise establishments in America are privately owned, however, the federal government owns a number of predominant businesses, e.g., the U.S. Postal carrier. This suggests that the U.S. financial system is first-rate categorized as a mixed economy. A combined financial system combines the blessings and disadvantages of a marketplace, it's a device protects non-public belongings and lets in a degree of economic freedom inside the use of capital.
Answer:
True.
Explanation:
Financial accounting is an accounting technique used for analyzing, summarizing and reporting of financial transactions like sales costs, purchase costs, payables and receivables of an organization using standard financial guidelines such as Generally Accepted Accounting Principles (GAAP) and financial accounting standards board (FASB).
Internal controls can be defined as the policies, set of rules, and procedures implemented or put in place by an organization to protect its assets, boost efficiency, enhance financial accountability, enforce adherence to company policies and prevent fraudulent behaviors among the employees.
The main purpose of internal controls is to guarantee that loss is eliminated by ensuring that there is an accurate and reliable accounting system.
An internal control involves the timely use of both internal and external sources of auditing or financial reporting and as such enhance the maintenance of accurate and proper financial records which would also improve their operational efficiency.
Hence, internal controls if properly executed helps to increase operational efficiency, protect and safeguard assets, provides accurate financial information, prevents fraudulent or unlawful behaviors, timeliness of financial records and reporting.
In conclusion, it's very important that governments receiving federal grants and contract funds have an accounting information system with adequate internal controls capable of delivering reliable information to compare the actual amount spent with budgeted amounts.
Answer: primarily cyclical deficit
Explanation:
Budget deficit occurs when the government expenditure for a certain year is more than the revenue the government makes.
Since the the United States economy was operating close to potential. The budget deficit experienced by the United States in 1969 was primarily cyclical deficit.
Answer:
depletion expense for 2018 6,019.18
Explanation:
$526,000 cost
1,031,000 tons
We have a cost(the mine) which is associate with an asset available, that will be depleted over time (iron ore)
So we have to distribute this cost at the rate this asset is being depleted:
cost/tonds of iron ore = depletion per ton
526,000/1,031,000 = 0.5101
Then we multiply this rate by the extracted amount of 2018
depletion expense for 2018
0.5101 x 11,800 = 6,019.18