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.
Answer:
Interest Rate=0.0635=6.35%
Explanation:
Given Data:
Money Borrowed last year=PV=$3,900
Future Payment as a lump sum payment=FV=$6,000
Total Number of years=n=7 years
Required:
Interest Rate=i=?
Solution:
Formula:
In our case, FV=$6,000, PV=$3,900, n=7
Interest Rate=0.0635=6.35%
Answer:
False
Explanation:
The revenue principle and the matching principles are two principles that help in the determination of the period in which expenses and revenues are recognized. In line with the principle, as long as any revenue is realizable, then such expenses or revenues are recognized. As long as services are rendered or goods transferred, regardless of the time in which the cash is received, revenue is recognized. However, accrued revenue is that which is recognized before receiving cash, while deferred revenue is the revenue recorded or realized after receiving cash.
Answer:
time between orders 25 working days
yearly ordering cost: $150
Explanation:
The annual demand is 4,000 units if order size is 400 units there will be 10 orders per year
Given a year of 50 weeks: every 5 weeks an order will be placed.
As each week has 5 working days that would mean every 25 working days
Then, total order cost:
each order cost $15 to place as there are 10 order per year it will be $150 ordering cost.
Answer:
"Transitioning people from one job to another" means that people who suffer from structural unemployment acquire the necessary skills to find a new job.
Structural unemployment happens when an unemployed individual cannot get a job because he/she lacks the skills required by the employer to fill that job opening. When this individual receives training and acquires the necessary skills, it is said that he/she transitioned from one job to another.
