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pantera1 [17]
3 years ago
8

A sole priorietorship is a business that is owned by a number of people? True or false?

Business
1 answer:
miskamm [114]3 years ago
3 0
The answer is "false"
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Why is doing timely reconciliations a key part of internal control activities?<br> It ensures that
kati45 [8]

Answer:

It ensures that the Effective internal control reduces the risk of asset loss, and helps ensure that plan information is complete and accurate, financial statements are reliable, and the plan's operations are conducted in accordance with the provisions of applicable laws and regulations. ... Why internal control is important to your plan.

3 0
3 years ago
The beginning Cash account balance is $38,700. During the period, cash disbursements (outflows) totaled $144,600.
anzhelika [568]

Answer:

D. $157,100

Explanation:

                                                                                  Amount in $

Beginning Cash account balance                           38,700

Cash disbursement (outflows)                                 (144,600)

Cash inflows                                                           <u>     xxxx        </u>

Ending balance                                                      <u>     51,200     </u>

<u />

Cash inflows =  51,200 + 144,600 - 38,700

                      =  $157,100

The right option is D. $157,100.

7 0
2 years ago
You are auditing Rodgers and Company. You are aware of a potential loss due to noncompliance with environmental regulations. Man
aniked [119]

Answer:

D. disclose a liability and provide a range of outcomes.

Explanation:

As there are 40% chances to the outcome that liability will occur, it is not nominal to be ignored. And therefore, it shall be shown in the balance sheet, as a note, with different possibilities and their expected results.

As the amount attached is huge and that the company shall not ignore such a coming liability, as if it do not happen, it can be reversed, and if it does the company shall be ready to have the liability in case of any default.

4 0
3 years ago
Advancements in technology alter the way jobs are performed but do not alter the physical and social environments of the workpla
ella [17]
I would say this is false. Some companies today use the hover boards to get around the office. Also Computers replaced stacks of paper. Cell phones also changed how people talk not only in everyday life but also in the environments of workplaces.
3 0
3 years ago
Read 2 more answers
Why is marketing important to an organization? Describe key benefits to implementing a marketing concept, and explain how employ
abruzzese [7]

Answer: Marketing plays an important role in establishing relationships between customers and the organizations offering to the market. ... The marketing function is also tasked with the branding of the organization, participation in publicity activities, advertising and customer interaction through feedback collection.

The Marketing Department plays a vital role in promoting the business and mission of an organization. ... It is the Marketing Department's job to reach out to prospects, customers, investors and/or the community while creating an overarching image that represents your company in a positive light.

The marketing concept is based on the “right” principle. The marketing concept is the use of marketing data to focus on the needs and wants of customers in order to develop marketing strategies that not only satisfy the needs of the customers but also accomplish the goals of the organization.

The roles of the employee in the marketing departments are:

1. Oversees the marketing department

2. provides direction and feedback on major projects.

The accounting departments oversee the cash flow of the company also helps in terms of budgeting.

Explanation:

5 0
3 years ago
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