Answer: The correct answer is "the cost of internal control should not exceed its benefits"
Explanation: One factor limiting the likelihood of achieving those objectives is that the cost of internal control should not exceed its benefits. The cost of performing an internal control should never exceed the benefits that this may have as a result, since in that case its performance would be uneconomical.
You will need $228,790 in 28 years to supplement your retirement funds. If you can earn 8% interest, you must save $2,400 each year. ✅
Answer:
Bank adjusted balance 5,720
Explanation:
6,300
-840 outstanding check
+260 deposit in ransit
5,720 bank adjustment balance
<em><u>Notes:</u></em>
- the bookkepper error needs to be done on books cash account
- the service charge are included in the bank statemnt, is at adjustment to the book cash
- the interest revenue is also 22 an adjustment for the book cash account
Answer:
The correct answer is $10,014.40.
Explanation:
According to the scenario, computation of the given data are as follows:
Total cost of assembling = $6.56 × 240 = $1,574.40
Total cost of processing customer order = $65.38 × 48 = $3,138.24
Total cost of setting up batches = $82.84 × 64 = $5,301.76
So, we can calculate the total overhead cost by using following formula:
Total Overhead = $1,574.40 + $3,138.24 + $5,301.76
= $10,014.40
Answer:
d. doesn’t have an employer-sponsored pension or retirement plan.
Explanation:
The Pension Protection Act provides for the benefit of employees, which is through their own and employer contributions.
This is a policy to provide benefit at times when the person turns old or is not physically fit to perform any job and this, provides pension in terms of money.
Here, if Seng being a single mother is not eligible for this, means that she did not had any employer who could sponsor her for such plan.
As this pension plan had to be sponsored by the employer Seng might did not had any employer.