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A customer has signed a Letter of Intent (LOI) to buy $25,000 of XYZ mutual fund to qualify for a breakpoint that reduces the sa

Liono4ka [1.6K]

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6 0

3 years ago

Summarize the primary characteristics of an effective internal control system for cash.

Archy [21]

Internal controls shield your business from fraud, theft, and mistakes. Effective internal controls preserve your assets, cut down on loss, and maintain the accuracy of your financial reporting, among other traits.

Internal control is a procedure implemented by a company's management, board of directors, and other staff members and is intended to give reasonable assurance that the information is accurate, timely, and reliable. of adherence to relevant laws, rules, agreements, policies, and procedures.

Internal control is a procedure for ensuring that an organization's objectives in operational effectiveness and efficiency, accurate financial reporting, and compliance with laws, rules, and policies are met, according to the definitions of accounting and auditing.

Learn more about Internal control here

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3 0

2 years ago

Student dorms, nursing homes, and on-campus fraternity houses are considered...? Public housing Temporary housing Mixed-use hous

Goshia [24]

Student dorms, nursing homes, and on-campus fraternity houses are considered as Temporary housing.

temporary stays in a nursing home or residential care facility. A brief visit could help you determine whether a home provides the support you require if you or your caregiver needs a break or if you are unclear whether moving permanently into a home is the best option for you. A brief stay in a facility might provide you and your caretaker, if you have one, with a much-needed break.

<h3>What is a nursing home?</h3>

A nursing home is normally the highest level of care for older adults outside of a hospital. Nursing homes provide what is called custodial care, providing help getting in and out of bed, and assistance with feeding, bathing, and dressing.

<h3>What is public housing?</h3>

Public housing was created to give qualifying low-income families, the elderly, and people with disabilities access to quality and secure rental homes. Public housing comes in different shapes and sizes, from dispersed single-family homes to senior-friendly high-rise apartments.

Learn more about Temporary housing:

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8 0

2 years ago

he appropriate discount rate for the following cash flows is 8 percent compounded quarterly. Year Cash Flow 1 $700 2 700 3 0 4 1

rewona [7]

Answer:

Thus, the present value is $2045.52.

Explanation:

Use the below formula to find the present value:

Present value = FV ÷ (1 + r/4)^(n*4)

Present value :

$=\frac{700}{(1 + \frac{0.08}{4} )^{1 \times 4} } + \frac{700}{(1 + \frac{0.08}{4} )^{2 \times 4} } + \frac{0}{(1 + \frac{0.08}{4} )^{3 \times 4} } +\frac{1100}{(1 + \frac{0.08}{4} )^{4 \times 4} } \\ \\= \frac{700}{1.0824}+\frac{700}{1.1716} +0+\frac{1100}{1.3727} \\= 2045.52$

Thus, the present value is $2045.52.

4 0

3 years ago

Many countries, including the United States, measure output by calculating the _____.A. Gross Domestic ProductB. economic peaksC

patriot [66]

Answer:

A. Gross Domestic Product

Explanation:

The gross domestic product is the sum of all final goods and services produced in an economy within a given period which is usually a year.

Gross domestic product can be calculated in 3 ways:

1. Expenditure approach

2. National output

3. National income

Expenditure approach = Consumption spending by households + Investment spending + Government Spending + Net Export

I hope my answer helps you

8 0

4 years ago