Answer:
Wendy was right because par value stock has not impact on the market price of the stock.
Explanation:
Par Value:
The par value of stock is the value, that is generally a very small amount, which is stated on the stock certificates of a company. It has no connection with the market price of the stock.
- Some states ask the company to assign a par value for stock so that's why the companies minimum par value to the stock.
- If some companies don't assign par value to their stock then its means that their shares have no-par value.
- In our case, Wendy was right due to the fact that par values has no concern with the market price of the stock.
In this scenario, I would go with the statement, <span>“The accountant says it is just within our budget.”. I would eliminate this statement because the account has proved that this is within their budget so the funds are available should the company decide to move forward. All of the other statements show how this change could potentially lead to other change and should be talked about and further talked about. </span>
The price elasticity of baseball bats is −0.77, this indicates that the demand for bats tends to inelasticity. Therefore, if the manager wants to dispose of his inventory, he would advise you not to lower the price because it would cause a decrease in income. He could raise the price and earn more since being an inelastic demand, the quantity demanded would not be modified as much as the price would change.
Answer:
As we know the internal controls are not effective after a passage of time because there are familiarity threats which might result in the unethical behavioral implications. So to prevent or detect the management unethical behavior, we can do the following things:
Segregation of Duties
Checking the effectiveness of the internal control after every year or semi year.
Using only company bank account for all the payments and receipt.
Redesigning policies of the organization to ensure effective working of the internal controls.
Bank reconciliation at the month end
Answer:
Following are the solution the given question:
Explanation:
