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lora16 [44]
3 years ago
9

Seven essential elements of an effective Compliance Program include:

Business
1 answer:
Wittaler [7]3 years ago
8 0

Answer:5. All of the above

Explanation: A compliance program is a set of policies,guildline,rules and standard operating agreement/ procedure put in place within an organization to ensure effective handling of activities. All the stated are features of an effective compliance program like Establishment of compliance standards of conduct and procedures,overall compliant oversight, due care in delegation of authority ( a necessary feature to ensure competent persons are delegated), monitoring and auditing, conducting effective communication channels, conducting effective training, responding and addressing failures).

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Why is the consumer considered "king" in a capitalist economy?
amm1812
The idea is that the success of any company depends on the consumer: the price and quality of the product determines how much money the firm will make. In this sense, the consumer organically selects the best companies by spending money on those companies, and in doing so is "king" because consumers determine which companies succeed and fail. 
7 0
4 years ago
Read 2 more answers
A department had 65 units which were 20% complete in beginning Goods in Process Inventory. During the current period, 77 units w
Rina8888 [55]

Answer:

The correct answer is C. 100

Explanation:

Data

Units in opening Work-In-Progress (WIP) 65

Units added ?

Units transferred out 77

Units in closing WIP 30

Units added=Units transferred out+Units in closing WIP-Units in opening Work-In-Progress (WIP)=77+30-65=42

Equivalent Units in production

Beginning WIP (% to complete) +Started and completed+Ending WIP

Beginning WIP              52 (65 x 80% )( 20% complete at the previous period, 80% in this period)

Started and completed 42

Ending WIP                     6 (30 x 20%) (20% complete in this period)

Total  =52+42+ 6= 100

4 0
4 years ago
Q 11.26: The board of directors of Testa Incorporated has decided that they would like to declare a $400,000 cash dividend at so
11Alexandr11 [23.1K]

Answer: B. : a healthy cash reserve

Explanation:

For the company to be able to declare a Dividend, it's cash reserve needs to be healthy. For this to happen use the following formula;

Free cash balance = Available cash balance - Current Liabilities payable

= 827,000 - 436,000

= $391,000

After taking out the money that will be needed to pay the Current Liabilities, there would be an insufficient balance to pay off the Dividends of $400,000.

Their cash reserve is not healthy enough for the dividends to be declared.

6 0
4 years ago
What is plan and goal?​
Artist 52 [7]

Answer:

Plan can be defined as the steps that you have set or layed down to achieve a goal

While goal are those things that you have planned to achieve in a lifetime, goals are mainly priorities. hope this helps

5 0
2 years ago
Q 5.7: Hale Company sells merchandise on account for $1,000 to Long Company with credit terms of 2/10, n/30. Long Company return
Ghella [55]

Answer:

Ans. The amount of the check is $784

Explanation:

Hi, from the initial balance of $1,000, we have to substract the returned merchandise, which was $200, therefore, Long Company owes Hale Company, $800 if Long Company pays within day 11th to 30th of the day of purchase. Since Long Company plans to pay within the first 10 days from the date of purchase, they would be granted a 2% discount on their remaining balance, therefore, the amount that Long Company has to write the check for is:

Check=Remaining Balance*(1-Discount)

It should look like this

Check=800*(1-0.02)=784

So, Long would have to write a check for $784, that is if it pays within the first 10 days from the date of purchase.

Best of luck.

8 0
3 years ago
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