Answer:
Economic changes would not be considered a risk that needs to be analyzed as part of the risk assessment process.
Explanation:
Risk assessment is the process of identifying events that could potentially cause harm, to an individual, business or the environment and analysing them to get an acceptable tolerance level.
Risk assessment determines the likelihood of an event happening, it's impact, and tolerability the entity can take.
The environment is a major consideration of risk assessment, as risk is always inherent as business interacts with its environment.
Answer:
D)determines the inventory on hand only at the end of the accounting period.
Explanation:
Due to the fact of <em>inflation, </em>change of prices over time, a periodic inventory system does not provide a better record over the cost of inventory because it is only determined once in the accounting period, usually at the end of it.
Meanwhile, a perpetual inventory system keeps a record showing the inventory at all time. That is every time a sale is made, cost of goods sold (cogs) is determined.
So if a business does not need to wait until the end of the accounting period to check (cogs), it is better to use a perpetual system.
You just add up all the numbers and you get the answer which is 23.60
Answer:
<em>Credit Unions</em><em> </em>is known as a cooperative association.
hope it helps!
