Answer: Moderate or low
Explanation:
Tests of Control are one by auditors to determine the effectiveness of the internal controls in the company in being able to detect accounting errors and anomalies.
If a company seems to have a moderate or low inherent risk the Auditors may or may not initiate Tests of Control due to this reduced risk.
If the company however, has either high or moderate or unusually high risk, the Auditors have to perform Tests of Control to determine where the company is going wrong.
Answer:
3.79 years
Explanation:
In the payback, we analyze in how many years the invested amount is recovered. The computation is shown below:
In year 0 = $117,200
In year 1 = $53,000
In year 2 = $21,500
In year 3 = $26,500
In year 4 = $20,500
In year 5 = $23,000
If we sum the first 3 year cash inflows than it would be $101,000
Now we deduct the $101,000 from the $117,200 , so the amount would be $16,200 as if we added the fourth year cash inflow so the total amount exceed to the initial investment. So, we deduct it
And, the next year cash inflow is $20,500
So, the payback period equal to
= 3 years + $16,200 ÷ $20,500
= 3.79 years
In 3.79 years, the invested amount is recovered.
Overdrafts are given by banks only to trustworthy clients. if the bank balance is maintained clearly. To avoid overdrafts there should always be a sufficient amount of balance and avoid using cheques on situations as such.avoid ATM cards as well
Answer: "structural unemployment".
_______________________________________