Answer:
Audit committee
Explanation:
Internal control is a system of ensuring that an organization's policies and procedures are complied with by its staff in order to protect the company's assets, ensure fraud is eliminated and also ensure financial integrity.
The audit committee ensures that the system of internal control implemented by the management is effective, hence its able to manage the risk inherent in the organization. The committee is also responsible for monitoring and evaluating the system of internal control in an organization inorder to ensure its effectiveness.
The rate of return would simply be the product of the
profit margin and the investment turnover. Therefore,
Rate of return = Profit margin x Investment turnover
Rate of return = 20% x 2.8
Rate of return = 56%
<span>Answer: B. 56%</span>
Answer:
Hi
Explanation:
A master adaptive learner is someone that uses an approach to self-regulated learning that leads to development. This is important because this can give you a growth mindset and motivation.
Answer: $51,400
Explanation:
Credits to Accounts Receivable represent a reduction in the Accounts receivable amount.
The formula for Closing balance is:
Closing balance = Opening balance + Credit sales - Credits to accounts receivable
Making Credit sales the subject will make the formula:
Credit sales = Credits to account receivable + Closing balance - opening balance
= 56,800 + 17,000 - 22,400
= $51,400