All categories

3 years ago

An operational audit looks for accounts that have weak or blank passwords. true false

1 answer:

8 0

An operational audit looks for accounts that have weak or blank passwords. This statement is TRUE.
An operational audit refers to independent evaluation of an organizational activities. It also looks for the efficacy and efficiency of any organizational unit. It examines the working of the internal processes for the maximum productivity.

You might be interested in

At the beginning of July, CD City has a balance in inventory of $2,850. The following transactions occur during the month of Jul

myrzilka [38]

Answer:

Inventory 1750 debit

Accounts Payable 1,750 credit

--to record purchase--

Inventory 120 debit

Cash 120 credit

--to record payment of freights--

Accounts Payable 400 debit

Inventory 400 credit

--to record returned goods--

Accounts Payable 1350 debit

Inventory 27 credit

Cash 1323 credit

--to record payment within discount--

Accounts Receivables 4700 debit

Sales Revenues 4700 credit

--to record sale--

COGS 2450 debit

Inventory 2450 credit

--to record COGS of the previous sale--

Cash 4700 debit

Accounts Receivables 4700 credit

--to record collection in full amount--

Inventory 2550 debit

Accounts Payable 2550 credit

--to record purchase--

Accounts Receivables 3650 debit

Sales Revenues 3650 credit

--to record sale--

COGS 1950 debit

Inventory 1950 credit

--to record COGS of the previous sale--

Accounts Payable 190 debit

Inventory 190 credit

--to record returned goods--

Accounts Payable 2360 debit

Inventory 47.2 credit

Cash 2312.8 credit

--to record payment within discount--

Explanation:

We reocrd each entry assuming the basic accounting principles

debit = credit

first purchase balance:

1,750 less 400 return = 1,350

discount 1,350 x 2% = 27

cash outlay 1,350 - 27 = 1,323

second purchase balance:

2,550 less 190= 2,360 balance

discount 2,360 x 2% discount = 47.20

cash outlay 2,360 - 47.20 = 2312.8

4 0

4 years ago

Business professionals value workplace relationships and professional behavior; therefore, it is vital to understand the charact

____ [38]

Answer: Polish, Civility and Social Intelligence

Explanation:

The following are the synonyms for the professional behavior: Civility, Polish and Social Intelligence. Social intelligence is referred to as or known as the capacity of an individual to know himself/herself and other individual. Civility is referred or as known as the civilized conduct i.e. considered to be a polite act or an expression .

6 0

3 years ago

What is the total federal income tax withholding reported on the Matthews’ Form 1040?

krek1111 [17]

Answer:

correct answer is d . $6,778

Explanation:

we get here total federal income tax that will be

as we know that

federal income tax withholding barbara = $2784

federal income tax withholding mark =$2253

form SSA 1099 = $1721

and form 1099 interest income = $20

we get total federal income tax that is sum of all four

total federal income tax = $2784 + $2253 + $1721 + $20

total federal income tax = $6,778

so correct answer is d . $6,778

4 0

3 years ago

What special asset does Heartland Telecom's acquisition of Surety Wireless identify? The acquisition identifies the asset goodw

brilliants [131]

Answer: 1. Goodwill

2. a. Record no entry in the books

b. Record a loss in the books

Explanation:

1. The Special asset created by Heartland Telecom's acquisition of Surety Wireless is Goodwill.

Goodwill is the difference between what the company was worth and what it was purchased for if the purchase price was higher than the worth (market value).

2. a. Goodwill should be accounted for by recoding it in the Long term Assets under Intangible Assets in the balance sheet. It should not be amotrized. If Goodwill increases, there should be no recording this gain on the books.

b. If the value of the asset has decreased, Heartland should record a loss in the books to represent the loss on this account.

5 0

4 years ago

Jordan gets confused and uses his credit card to get $40 in cash from an ATM instead of using his debit card. Based on this agre

Fofino [41]

The impact of Jordan making this mistake is an extra Credit charges that will be impose on the Cash withdrawn.

Simply put, a Credit Card are offered to people by banks for purpose of making purchases or cash advances and requires them to pay back the loan amount in the future.

However, a Debit Card is quite different because it is issued by banks to an account-holder or facilitate easy withdrawal from his/her account through the ATM or at any Point of Sales.

Now, Jordan can use his Credit Card as well but he will be required to pay back the amount he withdrew with an extra Credit charges.

Therefore, in conclusion, the impact of Jordan making this mistake is an extra Credit charges that will be impose on the Cash withdrawn.