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fenix001 [56]
3 years ago
11

Auditors are especially concerned with three aspects of internal control for the sales and collection cycle. Which of the follow

ing is not one of their major concerns?
A) Controls over cutoff
B) Controls that prevent or detect embezzlements
C) Controls over sales discounts
D) Controls related to the allowance for uncollectible accounts
Social Studies
1 answer:
inessss [21]3 years ago
3 0

Answer:

The correct answer to the following question is option C) control over sales discount .

Explanation:

Sales and Collection cycle is also know as RRR cycle ( which is Revenue, Receivables and Receipts cycle ), which includes many classes of transaction, but the primary ones are sales and cash receipts . This cycle refers to the process which begins with customer buying product or service and ends when business receives payment.

When auditors test the internal control for this cycle they're concerned with controls over cutoff, controls related to allowance for uncollectible accounts and controls that prevent embezzlements .

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<em>Hi! Todo here!! UwU</em>

Explanation:

In "Common Sense," a pamphlet published anonymously at the outset of the American Revolutionary War, Thomas Paine argued for the need for the independence of the American colonies from Great Britain. In the beginning, he wrote about general theories of government, focusing then on the specific situation in the colonies.

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2 years ago
Why is America's knowledge of the constitution so poor?
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Answer:

Many Americans are poorly informed about basic constitutional provisions, according to a new national survey by the Annenberg Public Policy Center.

The annual Annenberg Constitution Day Civics Survey finds that:

More than half of Americans (53 percent) incorrectly think it is accurate to say that immigrants who are here illegally do not have any rights under the U.S. Constitution;

More than a third of those surveyed (37 percent) can’t name any of the rights guaranteed under the First Amendment;

Only a quarter of Americans (26 percent) can name all three branches of government.

“Protecting the rights guaranteed by the Constitution presupposes that we know what they are. The fact that many don’t is worrisome,” said Kathleen Hall Jamieson, director of the Annenberg Public Policy Center (APPC) of the University of Pennsylvania. “These results emphasize the need for high-quality civics education in the schools and for press reporting that underscores the existence of constitutional protections.”

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The APPC survey, conducted Aug. 9-13 among 1,013 adults in the United States, finds that 53 percent think that people who are here illegally do not have any rights under the Constitution. That incorrect belief is especially strong among self-identified political conservatives – 67 percent think it is accurate, compared with 48 percent of moderates and 46 percent of liberals.

[The civics survey drew attention from national and local media and many sides of the political spectrum. Read about the coverage here.]

In fact, immigrants who are in the United States illegally share some constitutional protections with U.S. citizens. More than a century ago, in Yick Wo v. Hopkins (1886), a case involving a Chinese immigrant, the Supreme Court ruled that non-citizens were entitled to due process rights under the 14th Amendment’s equal protection clause. Other cases have expanded upon those rights.* (For more on Yick Wo, see this video on Annenberg Classroom’s website.)

Most respondents, though not all, know that under the Constitution, U.S. citizens who are atheists or Muslim have the same rights as all other citizens. Seventy-nine percent of respondents know it is accurate to say that U.S. citizens who are atheists have the same rights as other citizens, and 76 percent know it is accurate to say that citizens who are Muslim have the same rights as other citizens.

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Nearly half of those surveyed (48 percent) say that freedom of speech is a right guaranteed by the First Amendment. But, unprompted, 37 percent could not name any First Amendment rights. And far fewer people could name the other First Amendment rights: 15 percent of respondents say freedom of religion; 14 percent say freedom of the press; 10 percent say the right of assembly; and only 3 percent say the right to petition the government.

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In the current survey, 33 percent could not name any of the three branches, the same as in 2011.

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