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natka813 [3]
4 years ago
12

The effectiveness of controls is not generally tested by:A. Inspection of documents and reports.B. Performance of analytical pro

cedures.C. Observation of the application of accounting policies and procedures.D. Inquiries of appropriate client personnel
Business
1 answer:
kati45 [8]4 years ago
4 0

Answer:

Letter B is correct. <em>Performance of analytical procedures.</em>

Explanation:

The effectiveness of internal control in an organization occurs when the procedures and policies developed by managers are maintained to protect assets through an expected degree of confidence.

Performance of analytical procedures are used as a risk assessment instrument, ie they are used near the end of each audit to assist and direct the auditor in determining conclusions about the financial statements.

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InfoQEN received an order to supply Wi-Fi routers for a company. The brief mentioned that the router should connect up to 10 dev
Naily [24]

Answer:

InfoQEN didn't receive complete information regarding all the required product specifications.

Explanation:

InfoQEN was only told that the WiFi router should connect up to 10 devices simultaneously, the client never mentioned at what distance these devices would be located. Obviously that is a serious issue since the router doesn't work properly because it was never meant to fulfill unknown client's needs.

5 0
3 years ago
On January 1, 2021, Clark Corporation sold an $800,000, 7% bond issued for $767,320. The bonds are to pay interest quarterly and
serg [7]

Clark Corporation's total cost of borrowing $800,000, 7% bonds issued for $767,320 for 5 years is $344,702.87.

<h3>What is the total cost of borrowing?</h3>

The total cost of borrowing includes the bond discounts and the interest expenses.

In this case, the total cost of borrowing is $344,702.87.  However, this is only the pre-tax cost.

<h3>Data and Calculations:</h3>

Face value = $800,000

Interest rate = 7%

Bonds proceeds = $767,320

Bonds discounts = $32,680 ($800,000 - $767,320)

Maturity period = 5 years

Market rate = 8%

Interest payment = quarterly

Quarter interest expense = $14,000 ($800,000 x 7% x 1/4)

N (# of periods) = 20 (5 x 4)

I/Y (Interest per year) = 8%

PMT (Periodic Payment) = $14,000 ($800,000 x 7% x 1/4)

FV (Future Value) = $800,000

<u>Results:</u>

PV = $767,297.13

Sum of all periodic payments = $280,000 ($14,000 x 20)

Total Interest = $312,702.87

Total cost of borrowing = $344,702.87 ($32,680 + $312,702.87)

Thus, Clark Corporation's total cost of borrowing $800,000, 7% bonds issued for $767,320 for 5 years is $344,702.87.

Learn more about the total cost of borrowing at brainly.com/question/25599836

6 0
2 years ago
The owner of brainpower tutoring needs an application to calculate and print estimates to provide to potential clients for tutor
n200080 [17]
Dang long question..
8 0
3 years ago
Due to the existence of a large number of similar, but not identical, substitutes in most communities, the market for chiropract
Burka [1]
<span>Due to the existence of a large number of similar, but not identical, substitutes in most communities, the market for chiropractors is best considered monopolistically competitive. 

A monopolistic competition is when different producers sell products that are differentiated by branding/quality. Since they differentiate in such ways, they are not perfect substitutes for one another.
</span>
3 0
4 years ago
As a project manager, what advantages could you have with the hospital COO being the project sponsor?
Nikitich [7]

Answer:

Hi your question is incomplete attached to the answer is a picture of the complete question

  • The support and assistance of the COO in successfully meeting the scheduling goals.
  • The  assistance of the COO as a co-stakeholder in the project will result to reduced  work pressure on me

Explanation:

As a project manager the advantages that i could have when i have the Hospital COO in which i am tasked to coordinate a project for working with me as a a project sponsor includes : The support and assistance in the speedy and successful completion of the task at hand because since the Hospital COO is the project sponsor he/she would like the project to be completed within the scheduled time. and also the COO been a part of the project as a sponsor means he/she would be working with me the project manager as an important partner/worker and bringing his/her expertise along  and this will greatly reduce the work stress that i would have experienced if i was working alone

7 0
3 years ago
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