1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Kisachek [45]
4 years ago
8

A good system of internal controls requires that the physical custody of assets be separated from the accounting for those asset

s. This concept is known as safeguarding assets and records.
a. True
b. False
Business
1 answer:
snow_tiger [21]4 years ago
3 0
The answer to the question above is letter B, False. Safeguarding assets and records is not the "concept" termed for the physical custody of assets be separated from the accounting for those assets but it is the objective of the internal controls itself that with separation of records keeping from the custody over asset is intended to reduce fraud issues.
You might be interested in
Edmund stench consumes two commodities, namely garbage and punk rock video cassettes. he doesn't actually eat the former but kee
katrin2010 [14]
<span>There is no clearly defined question and grammatical errors are in the text above. That said, the text begs the question why does Edmund consume cassettes? The answer is that the cassettes attract billy goats and the goats eat the garbage. Edmund can earn a living as long as each $6 cassette attracts enough of the goats to consume 3 garbage sacks. To be profitable, one cassette must attract enough goats to consume 4 sacks of garbage.</span>
5 0
3 years ago
What is fiat​ money?
tatyana61 [14]

Answer:

D. money that is authorized by a central bank and that does not have to be exchanged for gold or some other commodity money

Explanation:

By definition, fiat money is a physical money that is made  a legal tender by the government or other authoritative figure.

It is not backed by any physical commodity like silver or gold but only by the government that distributed it . Additionally, if inflation occurs in a country that uses fiat money as a legal tender, the owners will go at a huge loss since it cannot be redeemed and in worst case scenario such as hyperinflation, it will be worthless.

6 0
3 years ago
Maple Company uses a job costing system. Maple​ Company's schedule of cost of goods manufactured showed the following amounts fo
Cerrena [4.2K]

Answer:

Allocated overhead= $43,180

Explanation:

Giving the following information:

Cost of direct materials used $42,600

Cost of goods manufactured $124,200

Cost of direct labor ​($30 per​ hour)= $76,200

Manufacturing overhead cost is allocated at the rate of $17 per direct labor hour.

Allocated overhead= predetermined overhead rate* actual allocation base

Allocated overhead= 17* (76200/30)= $43,180

8 0
4 years ago
Younie Corporation has two divisions: the South Division and the West Division. The corporation's net operating income is $96,10
Vesna [10]

Answer:

Explanation:

Total  operating divisional margin = 167100 + 40400

= 207500  

Let total common fixed expense be x

207500 - x = 96100 ( given )

x =207500 - 96100

= 111400

common fixed expense not traceable to the individual divisions = 111400

4 0
3 years ago
If the Hartley's gross income of $8,830 rises 3 percent per year in the future, what will their income be after five years?
Galina-37 [17]

Answer:

$10236.39

Explanation:

i did 8,830+3%, then kept adding 3% til it totaled to five total times. it wouldnt be the same as adding 15% right off the bat since they have different outcomes and acter each year the income rises  

8 0
4 years ago
Read 2 more answers
Other questions:
  • Eve runs a small business. She runs her business operations from a rented office. Eve has paid the office rent worth $10,000 for
    10·2 answers
  • PLEASE HURRY!!!!!!
    6·2 answers
  • What are four social responsibility issues?
    7·1 answer
  • Laurel, Inc., and Hardy Corp. both have 8 percent coupon bonds outstanding, with semiannual interest payments, and both are curr
    10·1 answer
  • Which one of the five generic competitive strategies discussed in Chapter 1 most closely approximates the competitive approach A
    15·1 answer
  • Factory Overhead Rates, Entries, and Account Balance Eclipse Solar Company operates two factories. The company applies factory o
    15·1 answer
  • Which of these statements is true regarding women in the united states workforce?
    7·1 answer
  • Which of the following is not a strategy to manage service capacity?
    8·2 answers
  • Which expression is equivalent to 12(3 + m)? Group of answer choices 36 + 12m 3m + 12m 36m 36 + m
    5·1 answer
  • If the total adult working population of Country X is 450 million, the number of unemployed people is 95 million, and the number
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!