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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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QPD Corporation discovered financial information about its prime competitor which it used to its advantage. QPD did not obtain t
bixtya [17]

Corporation is the form of business that responsible for QPD’s knowledge of the details of its competitor’s financial situation.

<h3>What is cooperate business?</h3>

A cooperate business is a business that is owned and manage by group of individuals.

The members also use the product as well as the service.

Coporation gives members access to information which can be divulged to competitors by members.

Therefore, Corporation is the form of business that responsible for QPD’s knowledge of the details of its competitor’s financial situation.

Learn more on coporation below,

brainly.com/question/13551671

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8 0
2 years ago
X-Tel budgets sales of $70,000 for April, $120,000 for May, and $80,000 for June. In addition, sales commissions are 10% of sale
ad-work [718]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

X-Tel budgets sales of $70,000 for April, $120,000 for May, and $80,000 for June. In addition, sales commissions are 10% of sales dollars and the company pays a sales manager a salary of $7,000 per month. Sales commissions and salaries are paid in the month incurred.

April:

Sales comission= 0.10*70,000= 7,000

Sales manager salary= 7,000

Total= 14,000

June:

Sales comission= 0.10*120,000= 12,000

Sales manager salary= 7,000

Total= 19,000

July:

Sales comission= 0.10*70,000= 8,000

Sales manager salary= 7,000

Total= 15,000

3 0
3 years ago
Which of the following was the most traded stock of the day?
fgiga [73]

your going to have to put some more to that question


7 0
3 years ago
Read 2 more answers
Should students have more P.E time?
Brut [27]
I feel like we should but your teachers want more education time at my school we have 40 minutes of P.E 
4 0
3 years ago
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g Marlboro Construction enters into a contract with a customer to build a warehouse for $725,000 on April 15, 2021 with a comple
Nookie1986 [14]

Answer:

B. $725,000

Explanation:

The expected value for the contract will be :

10% ($725,000 + 12,000 + 12,000 ) + 30% ($725,000 + 12,000 ) + 25% ($725,000 ) + 20% ($725,000 - 12,000 ) + 15% ($725,000 - 12,000 - 12,000 )

= $ 74,900 + $221,100 +$181,250 + $142,600 + $105,150 = $725,000

Marlboro constructions expected value of the contract is 725,000 based on the given probability estimates of contract completion.

8 0
2 years ago
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