Answer:please see below for answes
Explanation:
1. Several individuals operate the cash register using the same register drawer--- Weak Internal control --- Establishment of responsibilities is violated.
2. A monthly bank reconciliation is prepared by someone who has no other cash responsibilities-----Good---The procedures follows independent internal verification.
3. Joe Cockrell writes checks and also records cash payment entries.-----Weak Internal control ------Segregation of duties is violated
4. One individual orders inventory, while a different individual authorizes payments.---- Good---- The procedures follow the Segregation of duties .
5. Unnumbered sales invoices from credit sales are forwarded to the accounting department every four weeks for recording.---- Weak-----The procedure here does not follow good documentation and procedures.
----Internal controls are measures laid out by companies to ensure its employees are compliant in following set regulations and standards to ensure financial reports are not manipulated and promoting effective operations in order safeguard it's assets from unauthorized use or theft.
Some internal controls include Segregation of duties, documentation procedures, proper authorization, establishment of responsibilities etc.
C ompanies frequently expand their business operations into other countries because it is cost effective. ... The demand for something in another country may be higher than the demand for something in your country as well so it would be good to sell it elsewhere.
Answer:
Partnership
Explanation:
When you share ownership of a company, you are partnering with someone.
If the interest rate on a savings account is 0.01 % , the amount of money that you need to keep in 1 year to cover a single $ 9.99 below minimum balance fee is : $ 100,000
0.01 % x $ 100,000 = $ 10
hope this helps
Answer:
1) A bond of an Eastern European government
2) A bond that repays the principal in year 2040
3) A bond from a software company you run in your garage
4) A bond issued by the federal government
Explanation:
Term: Long-term bonds are riskier than short-term bonds because holders of long-term bonds have to wait longer for repayment of principal. To compensate for this risk, long-term bonds usually pay higher interest rates than short-term bonds.
Credit risk: When bond buyers perceive that the probability of default is high, they demand a higher interest rate as compensation for this risk.
Tax treatment: When state and local governments issue bonds, the bond owners are not required to pay federal income tax on the interest income. Because of this tax advantage, bonds issued by state and local governments typically pay a lower interest rate than bonds issued by corporations or the federal government.
