Answer:
A. Verify that the controls have been implemented (placed in operation).
Explanation:
The companies should have a fair policy of internal controls. It should basically have a policy which regulates and monitors all the transactions of each individual. It shall certainly be developed so that the work of one individual is monitored by the other automatically.
When the documentation is done, of such policies and controls by the auditor, he shall satisfy himself by counter checking that the procedures and practices laid are implemented properly.
So that there are no loop holes, and the management shall be held responsible for any procedure documented and not followed practically.
Answer:
The M1 definition of money includes item(s) :
3. Currency (coins and paper money) in circulation
6. Checkable deposits
Explanation:
According to Fred, M1 comprises:
(1) currency outside the U.S. Treasury, Federal Reserve Banks, and the vaults of other depository corporations;
(2) traveler's checks of nonbank issuers;
(3) demand deposits at commercial banks (excluding those amounts held by other depository corporations, the U.S. government, and foreign banks and official institutions) less cash items in the process of collection and Federal Reserve float; and
(4) other checkable deposits (OCDs), consisting of negotiable order of withdrawal (NOW) and automatic transfer service (ATS) accounts at depository institutions, credit union share draft accounts, and demand deposits at thrift institutions. \
Seasonally adjusted M1 is constructed by summing currency, traveler's checks, demand deposits, and OCDs, each seasonally adjusted separately.
Answer:
D.$400 over allocated
Explanation:
For computing the over-allocated or under-allocated amount, first, we have to determine the predetermined overhead rate which is shown below:
Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated direct labor-hours)
= $371,000 ÷ 180,000 hours
= $2.06
Now we have to find the actual overhead which equals to
= Actual direct labor-hours × predetermined overhead rate
= 190,000 hours × $2.06
= $391,400
So, the ending overhead equals to
= Actual manufacturing overhead - actual overhead
= $391,000 - $391,400
= $400 over - applied
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It is False
<h3>What is patent infringement?</h3>
- Patent encroachment is the commission of a denied act concerning a protected innovation without consent from the patent holder. Consent may commonly be conceded as a permit.
- The meaning of patent encroachment might fluctuate by ward, however it commonly incorporates utilizing or selling the licensed creation. In numerous nations, a utilization is expected to be business (or to have a business reason) to comprise patent infringement
- The extent of the licensed development or the degree of protection is characterized in the cases of the allowed patent. At the end of the day, the particulars of the cases educate people in general regarding what isn't permitted without the consent of the patent holder.
To learn more about patent infringement from the given link
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