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valentinak56 [21]
3 years ago
7

What are the reasons for having internal controls that facilitate ethical behavior?

Business
1 answer:
givi [52]3 years ago
5 0

Answer:

Mostly Preventive Controls  and feedback Controls

Explanation:

For this case is important to conduct preventive and feedback controls.

The definition of preventive control is "Controls that are used to keep a loss or an error from occurring". And is improtant to do these controls continuosly in order to ensure that the ethical behavior is accomplished by all the people analyzed.

The definition of feed back controls is "a process that owners and manager uses to evaluate if their teams meet the stated goals at the end of a production process"

And for this case these two controls are so important when we want to facilitate check ethical behavior since the conduct is something that needs to be measured in all the time in order to ensure the condition for any employee.

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An entrepreneurial team is a group composed of the entrepreneur plus the firm's banker, cpa, and attorney. the firm's managers.
makvit [3.9K]

Answer:

"An entrepreneurial team is a group composed of the entrepreneur plus the firm's banker, CPA, and attorney."

Explanation:

An entrepreneurial team usually consists of 2 or more people with a great interest in the success and future of a company. The work of this team is interdependent as they pursue common goals for success for the venture. They are usually interested in the financial and other areas of a company and include the entrepreneur, the CPA, attorney, and the organization's banker.

8 0
3 years ago
The situations presented here are independent of each other. For each situation, prepare the appropriate journal entry for the r
77julia77 [94]

Answer:

1. April 30

Dr Bonds payable $158,000

Dr Loss on redemption of bonds payable $18,486

Cr Discount on bonds payable $15,326

Cr Cash $161,160

2. June 30

Dr Bonds payable $179,000

Dr Premium on bonds payable $14,320

Cr Gain on redemption of bonds payable $23,270

Cr Cash $170,050

Explanation:

1. Preparation of the appropriate journal entry for the redemption of the bonds.

April 30

Dr Bonds payable $158,000

Dr Loss on redemption of bonds payable $18,486

($161,160+$15,326-$158,000)

Cr Discount on bonds payable $15,326

($158,000-$142,674)

Cr Cash $161,160

($158,000*1.02)

(To record redemption of bonds)

2. Preparation of the appropriate journal entry for the redemption of the bonds.

June 30

Dr Bonds payable $179,000

Dr Premium on bonds payable $14,320

($193,320-$179,000)

Cr Gain on redemption of bonds payable $23,270

($179,000+$14,320-$170,050) .

Cr Cash $170,050

($179,000*.95)

(To record redemption of bonds)

6 0
3 years ago
The market risk premium is 9.0%, and the risk-free rate is 5.0%. If the expected return on a bond is 9.5%, what is its beta?
leva [86]

Answer:

The beta is 1

Explanation:

The computation of beta using the CAPM model is shown below:

As we know that

Expected rate of return = Risk free rate of return + Beta × Market risk premium

9.5% = 5% + Beta × 9.0%

9.5% - 5% = Beta × 9.0%

9.0% = Beta × 9.0%

So, the beta is 1

We simply applied the above formula so that the correct value could come

And, the same is to be considered  

4 0
3 years ago
All franchises must provide potential franchises their ______ 10 days before an agreement is signed. This document contains exte
kolbaska11 [484]

All franchises must provide potential franchises their FDD 10 days before an agreement is signed. This document contains extensive information about the company. FDD stands for Franchise Disclosure Document. This document provides information to prospective franchisees and helps them make good decisions.

3 0
3 years ago
Read 2 more answers
Which of the following describes how the U.S. government protects and supports farmers and ranchers?
AlexFokin [52]

Answer:

through allowing agribusiness companies to create oligopolies

Explanation:

6 0
3 years ago
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