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love history [14]
3 years ago
14

Sweet Treats sells ice cream cones for​ $4.25 per customer. Variable costs are​ $1.25 per cone. Fixed costs are​ $3,300 per mont

h. What is the​ company's contribution margin​ ratio?
Business
1 answer:
ziro4ka [17]3 years ago
3 0

Answer:

Company's contribution margin​ ratio is <u>70.59%</u>

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The objectives of internal control are to a.prevent fraud and promote the social interest of the company b.provide control over
Marina86 [1]

Answer:

d.provide reasonable assurance that assets are safeguarded and used for business purposes, financial reports are accurate, and laws and regulations are complied with.

Explanation:

The purpose of internal controls is to provide reasonable assurance that assets are safeguarded and used for business purposes, financial reports are accurate, and laws and regulations are complied with.

By definition: An internal control is a procedure or policy put in place by management <u>to safeguard assets, promote accountability, increase efficiency, and stop fraudulent behavior.</u>

Summarily, internal controls are put in place as a process to prevent employees from stealing assets or committing fraud.

4 0
3 years ago
Argentina can produce either 20 units of cloth or 2 units of wine, while Chile can produce either 24 units of cloth or 12 units
Olenka [21]

Answer:

Their combined production should be 20 clothes and 12 wines.

Explanation:

<u>Argentina's opportunity cost to produce 1 unit of cloth = 0.1 wine</u>

Argentina's opportunity cost to produce 1 unit of wine = 10 clothes

Chile's opportunity cost to produce 1 unit of cloth = 0.5 wine

<u>Chile's opportunity cost to produce 1 unit of wine = 2 clothes</u>

Since Argentina' opportunity cost to produce clothes is lower, then it should specialize int he production of clothes. While Chile should specialize in the production of wine. Their combined production should be 20 clothes and 12 wines.

7 0
3 years ago
To determine whether accounts payable are complete, an auditor performs a test to verify that all merchandise received is record
Leto [7]

To determine whether accounts payable are complete, an auditor performs a test to verify that all merchandise received is recorded. The population of documents for this test consists of all receiving reports.

<h3>What are receiving reports?</h3>

Receiving reposts is a kind of tool that is used to list, document or note all the transaction details of the businesses. It is generally updated and maintained by those employees of the staff who are responsible for receiving or accepting the delivery of goods.

Thus, an auditor runs a test to ensure that every item received is recorded in order to evaluate whether accounts payable are complete. The receiving reports are the population of documents for this test.

Learn more about receiving reports here:

brainly.com/question/14802834

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5 0
1 year ago
A researcher who is conducting observations to test her own hypothesis may see or pay more attention to behavior that tends to s
siniylev [52]

Answer:

The answer is option C) Sampling Bias

Explanation:

A researcher who is conducting observations to test her own hypothesis may see or pay more attention to behavior that tends to support that hypothesis, so she must guard against observer bias

Observer bias is the tendency to allow how we feel or what we expect influence what we see.

As a researcher conducting observations to test her own hypothesis, it is possible that she may feel or think a certain way that will influence her observation.

knowledge of observation bias and how to guard against it will help her eliminate such error.

8 0
2 years ago
Do you think business ethics is possible? Sen and Vaidya claim that business ethics are not only possible but a necessary elemen
motikmotik

Business ethics is possible and it can be fully practiced by a person who is hard core  successful businessman.

Explanation:

  • Ethics is a philosophical science of understanding human behavior from all the aspects and differentiating between right and wrong.
  • Business or corporate ethics deals with ethical and moral challenges faced in a business environment. It can be also defined as a set of principles or values decided by the organization's culture.
  • Functioning is an important element in any of the business undertaken. And the functioning of these corporate ethics in a way which are personal, professional and corporate helps one to achieve success in business.
  • It is mandatory to follow business ethics as they have a potential impact on the organization.
  • Following business ethics helps one to achieve their goal in a defined and polished manner
4 0
3 years ago
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