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3 years ago

Which of the following is not a basic principle of the COSO ERM framework?

Business

1 answer:

Gnom [1K]3 years ago

8 0

Answer:

The correct answer is letter "B": Companies are formed to create value for society.

Explanation:

The Committee of Sponsoring Organizations (COSO) is an international acknowledgment organism where basic risk regulating frameworks and accomplishment in organizational internal control matters are established. When it comes to Enterprise Risk Management (ERM) the committee proposes key principles and concepts for clear guidance.

Creating value for society is not included in one of the core objectives of the COSO ERM.

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Part of the investigation process for government administrators includes taking notes about conversations and preparing research

iren [92.7K]

Answer:

Explanation:

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2 years ago

A technology company is growing rapidly and needs to hire experienced developers and marketing professionals. The best people in

Vitek1552 [10]

Answer:

A technology company is growing rapidly and needs to hire experienced developers and marketing professionals. The best people in these fields usually have jobs and need to be enticed to apply elsewhere. To identify individuals who are likely to be a good match, hiring managers should use social media.

EXPLANATION:

Nowadays, social media has taken over and has helped in making several tasks easier. Job search and hiring have been made a lot easier by the use of social media platforms.

The hiring managers of the technology company should use social media platforms, for example, LinkedIn to reach out for all people that fit into the job. Using social media, one can easily screen out for people having experience similar to the job requirements.

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3 years ago

A firm has an issue of $1,000 par value bonds with a 8 percent stated interest rate outstanding. The issue pays interest annuall

dem82 [27]

Answer: $1268.20

Explanation:

value of the bond today = Present value of coupon (interest) payments + present value of principal = 120[PVOAIF8%, 10] + 1000[PVIF8%, 10] =1,268

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4 years ago

Early in 2020, Concord Equipment Company sold 500 Rollomatics at $6,500 each. During 2020, Concord spent $20,000 servicing the 2

gogolik [260]

Answer:

Explanation:

Dr Cash 3250000

Cr Revenue 325000 [500*6500]

Dr Warranty expense 20000

Cr Liabilities on warranties 20000

Dr Cash 3250000

Cr Revenue 3189000

Cr Unearned warranty revenue 61000

Dr Warranty expense 20000

Cr Cash 20000

Dr Unearned warranty revenue 30500

Cr Warranty revenue 30500[20000/40000*61000]

5 0

3 years ago

ABC and XYZ are identical firms in all respects except for their capital structures. ABC is all-equity financed with $530,000 in

densk [106]

Answer:

b. 11.74; 14.47

Explanation:

For Cost of Equity:

COE = (EBIT - Interest - Taxes) / Total Equity

ABC Company: EBIT = $62,222, Equity = $530,000, Debt = 0, Tax = 0

COE = ($62,222 - 0 - 0) / $530,000

COE = 11.74

XYZ Company: EBIT = $62,222, Equity = $310,000, Debt = $220,000, Tax = 0, Interest Rate = 7.9% (0.079)

COE = [$62,222 - ($220,000*0.079) - 0] / $310,000

COE = ($62,222 - $17380) / $310,000

= $44842 / $310,000

= 14.465 ≈ 14.47

5 0

3 years ago