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3 years ago

Identify each of the following as relating to the control environment, control procedures, or information and communication:

Business

1 answer:

Verizon [17]3 years ago

5 0

Answer and Explanation:

a. Organizational structure = Control environment

Top management always keep organizational structure Therefore, it is a part of the environment of control.

b. Report of company's conformity with environmental laws and regulations = Information and communication

Company's compliance reports are confidential accounting information.

c. Proofs and security measures = Control procedures

Proofing and monitoring controls ensure company is achieving its target.

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What additional proposal is made by a very worthy person a true lover of his country?

garik1379 [7]

That boys and girls aged 12-14 can be sold for food.

6 0

3 years ago

Read 2 more answers

) A health insurance will pay for a medical expense subject to a $100 deductible. Assume that the amount of the expense is expon

Delicious77 [7]

Answer:

Expectation = $409.365

Standard Deviation= $491.72.

Explanation:

Solution Let M be the amount of the medical expense and let X be the insurance company’s payout. Then,

X = {M − 100, if M > 100,

0, if M ≤ 100,

where M is exponentially distributed with parameter 1/500. To find the expected payment, apply the law of total expectation, giving

E(X) = E(E(X|M)) = ∫∞ 0 E(X/M = m)e^−m dm

= ∫ ∞ 100 E(M − 100/M = m) 1 /500e^−m/500 dm

= ∫ ∞ 100 (m − 100) 1 /500e^−m/500 dm

= 500e^−100∕500

= $409.365.

For the standard deviation, first find

E ( X²) = E ( E ( X²/M)) = ∫ ∞ 0 E ( X²/M = m ) e^−m dm

= ∫ ∞ 100 E ( (M − 100) ²/M = m ) 1 /500e^−m/500 dm

= ∫ ∞ 100 (m − 100) ² 1 /500e^−m∕500 dm

= 500000e^−1/5 = 409365.

This gives

SD(X) = √ Var(X) = √ E(X²) − E(X)²

= √ 409365 − (409.365)²

= $491.72.

NB: ∫ ∞ 100 and ∫ ∞ 0 is ∫ superscript ∞ and subscript 0 or 100 as the case may be.

Also, 1 /500e^−m/500 is 1/500e raised to -m/500

3 0

3 years ago

Suppose the demand function (D) for golf clubs is: QP, where P is the price paid by consumers in dollars per club and Q is th

Pachacha [2.7K]

Answer:

(a)

The equilibrium price is $75 per club

The equilibrium quantity is 75000 clubs

(b)

A charge a price of $50 per club. This would result in a surplus of 25000 clubs

Explanation:

Given

$Q = 150 - 1.00P$ --- The demand function

$Q = 1.00P$ --- The supply function

Solving (a): The equilibrium price and quantity

To do this, we equate both functions

This gives:

$1.00P = 150 - 1.00P$

Collect like terms

$1.00P+1.00P = 150$

$2.00P = 150$

Make P the subject

$P =\frac{150}{2.00}$

$P = \$75$ ---The equilibrium price

Substitute 75 for P in $Q = 1.00P$

$Q = 1.00 * 75$

$Q = 75$ ---- The equilibrium quantity

Solving (c): When the price is changed to $50

This means that: $P =50$

The quantity demanded will be:

$Q = 150 - 1.00P$

$Q = 150 - 1.00 * 50$

$Q = 150 - 50$

$Q = 100$

Subtract the equilibrium quantity from $Q = 100$ to get the shortage/surplus

$\triangle Q = 100 - 75$

$\triangle Q = 25$

<em>Since the change is positive, then there is a surplus.</em>

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8 0

3 years ago

Until recently you worked as an accountant earning $55,000 annually. Then you inherited a piece of commercial real estate bringi

Blizzard [7]

Answer:

Total cost of operating the video store is $110,000

Explanation:

You decided to leave your job and operate a video rental store in the office space you inherited. You would not received the annually income from your job and rent commercial real estate.

Total income lost = $55,000 + $25,000 = $80,000

Total cost of operating the video store = Total income you lost + total costs for video purchases, utilities, taxes, and supplies = $80,000 + $30,000 = $110,000

4 0

3 years ago

Management estimates that 1% of the $100,000 of credit sales will be uncollectible. The Allowance for Doubtful Accounts has a $1

Vitek1552 [10]

The Adjustment entry to record the estimated bad debts include debit to Bad Debt Expense of $900 and credit to Allowance for Doubtful Accounts of $900. Thus 2nd and 5th options are correct.

Bad Debt refers to the amount of loan which cannot be recovered. It is an outstanding balance which is irrecoverable. Thus in simply words it means the amount which will not be paid by the customer.

According to the given question, The credit balance is $100 in Allowance for Doubtful Accounts.

The credit sales method a specific percentage of credit sales represent bad debts of the previous period. Thus the difference amount comes under Allowance for Doubtful Accounts.

Journal Entry for the estimated bad debts is as follows:

DR. BAD DEBT EXPENSE $900

To CR. ALLOWANCE FOR DOUBTFUL ACCOUNTS $900

Learn more about Bad Debt here:

brainly.com/question/13794933

#SPJ1

7 0

2 years ago