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vagabundo [1.1K]
3 years ago
7

An audit client is creating a​ Web-based sales ordering system for customers to purchase products using personal credit cards fo

r payment. Identify three risks related to an online sales system that management should consider. For each​ risk, identify an internal control that could be implemented to reduce that risk.
Business
1 answer:
Alenkinab [10]3 years ago
8 0

Answer and Explanation:

The three risks related to an online sales system that management should consider are:

1.Customer data is susceptible to interception by an unauthorized third parties because this authorized third parties can use any form of internet trick to gain access to customer data.

2.The client company’s data, programs, and hardware are as well susceptible to potential interception by external or third parties.

3.An unauthorized third party may attempt and try to transact business with the client company without the company knowing.

Therefore these risks can be addressed by the use of firewalls, encryption techniques, and digital signatures.

A firewall can be defined as a system of hardware and software that help to monitors and controls the flow of e-commerce communications by making sure that all network connections are been channel through a control gateway.

Encryption techniques are techniques which are based on computer programs that help to transform a standard message into a coded (encrypted) form in which one key which is the public key is used for encoding the message and the other key which is the private key is used to decode the message which enables

the Encryption to protect the security of electronic communication during the transmission process.

Digital signatures help to enhance internal controls over the online sales order system by authenticating the validity of all customers and other trading partners who conduct business with the client company on a daily basis.

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An investor invests 70% of her wealth in a risky asset with an expected rate of return of 15% and a variance of 0.05 and she put
Mazyrski [523]

Answer:

The portfolio's expected return is 12% and the standard deviation of the portfolio is 15.65%.

Explanation:

The expected rate of return of the portfolio is the weighted average of the individual stock returns that form up the portfolio. The formula for a two stock portfolio return is,

Portfolio return = wA * rA + wB * rB

Where,

  • w represents weight of the stocks in the portfolio
  • r represents the return of the stocks in the portfolio

Portfolio return = 0.7 * 0.15  +  0.3 * 0.05  =  0.12 or 12%

The portfolio which consists of a risky and a risk free asset has a standard deviation equal to the weight of the risky asset multiplied by its standard deviation. The risk free asset has no standard deviation. Thus, the formula for a portfolio standard deviation for such a portfolio is,

Standard deviation = weight of risky asset * standard deviation of risky asset

Standard deviation of portfolio = 0.7 * √0.05

Where standard deviation is the square root of variance.

Standard deviation of portfolio = 0.1565 or 15.65%

6 0
2 years ago
In transaction​ analysis, the declaration and payment of dividends is recorded in the​ ________ and​ ________ columns of the acc
pogonyaev
To complete the statement above:


In transaction analysis, the declaration and payment of dividends are recorded in the Retained Earnings and Cash columns of the accounting<span> equation.


Retained earnings are the bit of an organization's wage that administration holds for interior operations as opposed to paying it to proprietors in the type of profits. The announcement of held profit, a fundamental money related articulation under GAAP rules, clarifies changes in held income over the detailing time frame - more often than not the monetary year. Retained earnings is computed by including net salary and subtracting profits from the adjust of held income toward the start of the period.




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3 0
3 years ago
A former employee of your firm was dismissed when it was suspected that she had stolen from the petty cash account. It could not
Flura [38]

Answer:

I would reccomend her, but I would tell the other company to be careful. She may not have been proven guilty, but it doesn not mean that she did not do it. Now, it is all up to the company to make the choice.

Explanation:

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3 years ago
Lauren went to see a therapist, and during their first session they established clear goals coupled with assignments to be done
frozen [14]
Lauren's therapist was using Cognitive Behavioural Therapy [CBT]. CBT refers to a short term, goal oriented psychotherapy treatment that uses practical approach for problem solving. The principal goal for using this technique is to change the behavior or the mentality that is responsible for the patient problem.
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3 years ago
A manager wants to determine the number of containers to use for incoming parts for a kanban system to be installed next month.
Gennadij [26K]

Answer:

a. 1.51 containers

b. Fewer

Explanation:

The computations are shown below:

a. The number of containers would be

= Annual demand × time × (1 + inefficiency factor) ÷ holding pieces

= 70 × 0.75 × (1 + 0.15) ÷ 40

= 1.51 containers

The time is converted from minutes to hour i.e 45 minutes ÷ 60 minutes = 0.75

b. If the system improves, the fewer containers are required i.e 2 containers approximate because inefficiency factor got decreased

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