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AnnyKZ [126]
4 years ago
15

Summarize the internal control principle of establishing responsibility by completing the following sentence. Proper internal co

ntrol means that responsibility for a ____________ (task/shortage/sale) is clearly _________ (posted/established/compensated) and assigned to one person
-Task
-Established
Business
1 answer:
Greeley [361]4 years ago
7 0

Answer:

Task  / established

Explanation:

Internal control was created for a couple of reasons:

1. to ensure that there is no corrupt practices occurring from within the organization.

2. To ensure that every single employees are held accountable to the tasks that given to them

3. A way for managers to monitor the productivity rate of the team.

'Tasks' are a set of duties that the employees need to fulfill during the operation, If one employees fail to fulfill any of their tasks, it could become a hindrance for another employees.

The word 'Established' Indicated that the task is strongly structured by the higher ups and the employees have no right to change it without the permission from the higher ups.

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Kendra owns a sporting goods store. She is in court because of a breach of contract lawsuit against her supplier. One of the ter
Olenka [21]

<u>Answer:</u>

<em>Yes, but only to clarify the ambiguous contract terms </em>

<em></em>

<u>Explanation:</u>

Breach of contract is a legitimate reason for activity and a sort of common wrong, wherein a sound understanding of anticipated trade isn't regarded by at least one of the gatherings to the agreement by non-execution or obstruction with the other party's presentation.

A material breach is the most genuine type of break of agreement. In these cases, somebody has failed to maintain their obligations as spread out in the contract. At the point when this happens, the harmed party can seek after harms in a standard suit. In the end, when a contractual worker finishes an undertaking yet isn't paid, this is viewed as a material breach.

6 0
3 years ago
If a firm has a $1,500,000 debt limit before AT kd will change and if taxes are 40% and total equity in the capital structure is
andrew-mc [135]

Answer:

$2,500,000

Explanation:

Break Point = Level of debt / Weight of debt

(100%-40%)

=60%

Hence:

= 1,500,000 / 60%

= $2,500,000

Therefore the debt breakpoint in the MCC schedule will be $2,500,000

6 0
3 years ago
Which of the following types of business ownership has the advantages of pass-through taxation and liability protection? A. A so
nikklg [1K]
Your answer is LLC so it would be B. IM writing this long because i have to 
4 0
4 years ago
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Explanation:

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3 0
3 years ago
To sum up international trade theory, we can say that the primary reason for trade is
muminat

Answer:

The primary reason for trade is for the economic development of a country.

Explanation:

Trade makes a significant and necessary contribution to the economy and the country's development particularly in underdeveloped countries. The rapid progress of underdeveloped countries in the Industrial field is due to their exports. In most countries, such would represent a significant share of their gross domestic product (GDP).

6 0
3 years ago
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