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2 years ago

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

Business

1 answer:

Gnom [1K]2 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 (<em>COSO</em>) 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 (<em>ERM</em>) 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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A one-brand-name strategy should be adopted when the name cannot be pronounced in the local language, when the brand name is own

marishachu [46]

Answer:

False

Explanation:

A brand is a name, term, design, symbol or any other feature that identifies one seller's good or service as distinct from those of other sellers. Brands are used in business, marketing, and advertising for recognition and, importantly, to create and store value as brand equity for the object identified, to the benefit of the brand's customers, its owners and shareholders. Name brands are sometimes distinguished from generic or store brands.

4 0

2 years ago

Hall Corporation reported the following operating results for two consecutive years.

Strike441 [17]

Answer:

2014 2013 %CHANGE

SALE 1297000 1001000 29.6%

COGS 797655 600600 32.8%

Gross margin 499345 400400 24.7%

operating expenses 302000 198000 52.5%

Income before tax 197345 202400 -2.5%

taxes 61400 52600 16.7%

Net income 135945 149800 -9.2%

Explanation:

%change = (2014 - 2013)/2013

2014 and 2013 represent each line item in the income statement

3 0

2 years ago

What are examples of withdrawals from the circular flow of income? Check all that apply. A sharp increase in taxes affects many

Readme [11.4K]

A sharp increase in taxes affects many middle-class families.

A sports-apparel company cuts jobs as a result of slow sales.

A fast-food chain goes out of business and shuts down all of its restaurants.

Explanation:

The circular income or circulated flow is a model for the economy where the big transactions between the market participants are represented as cash flows, goods and services, etc. The cash and goods flows transferred in a closed circuit complement the interest but are going in the reverse direction.

Retirements are factors in an economy that escapes from distributed labor flows and reduces national income sizes.

Withdrawals include: savings, taxes and imports.

6 0

3 years ago

Read 2 more answers

The Seattle Corporation has an investment opportunity that will yield cash flows of $30,000 per year in Years 1 through 4, $35,0

zlopas [31]

Answer:

4.86 years

Explanation:

Data provided in the question:

Cash flow each year from year 1 to year 4 = $30,000

Cash flow in year 5 through 9 = $35,000

Cash flow in year 10 = $40,000

Initial investment = $150,000

Firm's WACC = 10%

Now,

Accumulated cash flow for 4 years = $30,000 × 4 = $120,000

Accumulated Cash flow for 5 years = $120,000 + $35,000

= $155,000 > amount invested ($150,000)

Thus,

Remaining payback amount required in year 5 = $150,000 - $120,000

= $30,000

Payback period for $30,000 in year 5 = [$30,000 ÷ Annual cash flow]

= $30,000 ÷ $35,000

= 0.86 years

Hence,

Total payback period for this investment is

= 4 years + 0.86 years

= 4.86 years

4 0

3 years ago

Actual Static Budget Production 54,000 units 60,000 units Machine-hours 985 hours 1,800 hours Fixed overhead costs for September

Aleks04 [339]

Answer:

D.$54,000

Explanation:

A flexible budget is a one which changes or adjusts with change in actual activity. The flexible amount is more reliable than the static amount. The static budget is one which is not adjusted with level of real activity. The machine hours are used as basis of adjustment for flexible budget. The amount of fixed overhead budgeted allocation cost is adjusted based on machine hours according to actual machine hours of 985 hours.

5 0

3 years ago