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Kisachek [45]
3 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]3 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.
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Write a statement that increments total by the value associated with amount . That is, add the value associated with amount to t
marishachu [46]

Answer:

total = total + amount

Explanation:

The statement that increments total by the value associated with amount i.e add the value associated with amount to that associated with total and assign the result to total is:

total = total + amount

4 0
3 years ago
Identify the steps to conducting a simulation in the correct order. (1 point) state the problem or question, state the assumptio
NeTakaya

<span>Simulation is an imitation of a situation or a chance behavior that accurately reflects the situation under consideration. </span>

<span>Steps in  conducting a simulation in the correct order (first choice)</span>

• State the problem or question

• State the assumptions,

<span>• Assign  digits to represent outcomes,
• Simulate many repetitions
• State your conclusions</span>

6 0
2 years ago
Spokes Bikes has 18 different bicycle models that can be created in over 2 million combinations. Each combination is designed to
vampirchik [111]

Answer:

Correct option is (C)

Explanation:

Mass customization refers to manufacturing products suited for individual needs and preferences at the same time producing huge amount of products at low cost offering value to customers.

Customers are allowed to make modifications as per their requirements in the basic model offered by the organization. So customer is free to pick the color, design and model of their choice.

Spokes bikes is therefore using mass customization.

3 0
3 years ago
Midyear on July 31st, the Chester Corporation's balance sheet reported: Total Assets of $81.965 million Total Common Stock of $2
Vera_Pavlovna [14]

Answer:

  Total Liabilities  = $62.273 million  

Explanation:

<em>The accounting equation state that :</em>

Total assets = capital + liabilities.

<em>This is a fundamental relationship that underpins the preparation of financial statements</em>

<em>Capital for a company is represented by the shareholders funds which is the book value of issued common stock, share premium plus the retained earnings.</em>

So we can apply the equation to the figures of Chester Corporation

81.965  =( $2.540 + 17.152 ) + liabilities

Liabilities =  81.965  - ( $2.540 + 17.1552 )

                = $62.273 million

Total Liabilities  = $62.273 million

5 0
3 years ago
you have your first meeting with the main client contact next week. It is very important that the meeting is productive and goes
Evgesh-ka [11]

Answer: There are many points that should be clear in the head before one has meeting with the client. Some of them are discussed here.

Explanation:

1: Objective must be very clear: The main aim or objective of the meeting should be very clear to the speaker and it should be made clear to the listener( client)

2:The meeting should not take much time: The time take by the speaker to make the client understand the facts should be less and precise. It should take much time.

3: The facts and data should be crisp and clear: The data and analysis part should be made clear before presenting it to client  to avoid any confusion during the meeting.

4: Meeting  Etiquette should be followed properly: The ground level manners and etiquette must be followed during the meeting.

8 0
2 years ago
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