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Afina-wow [57]
4 years ago
6

A situation in which the design or operation of a control does not allow management or employees, in the normal course of perfor

ming their assigned functions, to prevent or detect material misstatements on a timely basis is referred to as a:A. Control deficiency.B. Material weakness.C. Reportable condition.D. Significant deficiency.
Business
1 answer:
Helen [10]4 years ago
3 0

Answer: (A) Control deficiency

Explanation:

 The control deficiency is the type of situation in which the operation and the designing of the control are not allowing the management and an employee performing the various type of assigned function.

The control deficiency process occur when the person are involving with the authority in the transaction cycle.

This situation is usually occur in an larger type of an organization. The deficiency may be on the financial report that control internally.  

Therefore, Option (A) is correct.

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C

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4 years ago
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The mayor of NYC convinced the Rent Guidelines Board to approve a rent freeze. Landlords complained, but could not change it. Th
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Relationship of the firm to other economic agents.

Explanation:

Economics is a branch of social science where it shows the relation between the firm as well as other economic agents. The economic agents can interact individually as well as in an aggregate way. An economic agent is referred to as decision maker that can effect the economy at the time of selling, producing, buying. The various examples of economic agents are firm, households, individuals as well as business.

In this context NYC is a firm and the rent guideline boards as well as the landlords are various economic agents. In this context a relationship is shown between the firm and the economic agents.  

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4 years ago
Baker earned $113,300 of salary as an employee in 2012. How much should his employer have withheld from his paycheck for FICA ta
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Answer:

Employer should withheld $1,643 from Baker's salary

Explanation:

Baker earned $113,300 in 2012. As on 2012, FICA tax rate withheld from employee's salary is 7.65% that constitutes 4.5% of social security, 1.45% of medicare taxes and 2% additional for employees whose wages exceed $18,350.

The gross income base for social security part has increased in 2012 to $110,100. This is not applicable for medicare tax of 1.45%.

Here, Baker's salary of $113,300 is above social security limit, so his income will not be withheld for social security. However, 1.45% of his salary will be withheld for medicare tax.

Therefore, $1,643 that is 0.0145×113,300 is withheld from his salary.

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_______ are regulatory agencies, such as the sec (securities and exchange commission), that establish ground rules under which o
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Government Regulators are regulatory agencies, such as the sec (securities and exchange commission), that establish group rules under which organizations may operate.

Other types of agencies are the Federal Aviation Administration (FAA) and the Environmental Protection Agency (EPA). 
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What is true about investment and risk
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Investing money is always good when the stock market is good
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