1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
frez [133]
3 years ago
11

Which element of internal control deals with establishing procedures for things such as handling of incoming checks, and which e

lement deals with the oversight of the internal control systems?
Business
2 answers:
inna [77]3 years ago
4 0
There are five elements in Internal Control of an organization. In establishing procedures for the handling of incoming checks belongs to the element Policies and Procedures and the element that deals with the oversight of the internal control system is the Risk Assessment.
jek_recluse [69]3 years ago
3 0

Answer:

The correct answer is:  Control of activities and Risk Assessment.

Explanation:

There are five elements of Internal Control: <em>Control Environment, Risk Assessment, Control Activities, Information and Communication </em>and<em>, Monitoring</em>. Control of activities includes two elements: policy and procedures. They both are in charge of ensuring the effectiveness and efficiency of the operations taking into consideration the quality and financial targets and the preservation of loss-free resources. While Risk Assessment detects and evaluates continuous processes and critical components of an active internal control system.

You might be interested in
Cady files an employment discrimination suit against Durable Goods Corporation under the Civil Rights Act. If Cady shows that Du
dexar [7]

Answer: (c) A limited amount of compensatory and punitive damage

Explanation:The civil rights act as enacted in 1964 gave the courts the authority to offer a limited amount of compensation and punitive damage to violations that has to do with malice or reclex indifference by emloyers of labor. The civil Rights act was signed into law by president Lyndon Johnson on July 2,1964.

The civil Rights movement caused as a result of the discrimination of an African-American woman in Montgomery,Alabama. Who refused to go to the back sit of a bus because is a black.

8 0
3 years ago
The systematic risk principle states that the expected return on a risky asset depends only on the asset’s ___ risk.
Ahat [919]

The systematic risk principle states that the expected return on a risky asset depends only on the asset’s <u>market </u>risk.

<h3>What are systematic risk principles?</h3>

According to the systemic risk concept, the expected return on an asset is solely determined by its systematic risk. As a result, regardless of how much overall risk an asset carries, just the systematic part is significant in estimating the expected return (including risk premium) on such asset.

Market risk is a kind of systematic risk that affects the entire market. Because it cannot be diversified and distributed, the investor is compensated for it.

Learn more about systematic risk principles here:

brainly.com/question/25821437

#SPJ1

Learn more about systematic risk principles here:

5 0
2 years ago
Ramon incurred $83,100 of interest expense related to his investments this year. His investment income included $34,500 of inter
cestrela7 [59]

Answer:

$72,000

Explanation:

To calculate investment interest expense dedcution, we need to know the total investment income  & total investment interest expenses

Then there're 2 scenarios as followings:

  • If the investment interest expenses are less than the net investment income, the entire investment interest expense is deductible.
  • If the investment interest expenses are more than the net investment income, we can deduct the expenses up to the net investment income amount. The rest of the expenses are carried forward to next year.

In this example, Ramon's investment income is  $72,000 ($34,500 of interest and a $37,500 net capital gain on the sale of securities); is lower than his interest expenses of $83,100.

So Ramon is entiled to deduct $72,000 all the entire investment interest expense in current year

7 0
4 years ago
How do you determine retained earnings at year end
Sonbull [250]

Explanation:

The retained earnings are calculated by adding net income to (or subtracting net losses from) the previous term's retained earnings and then subtracting any net dividend(s) paid to the shareholders. The figure is calculated at the end of each accounting period (quarterly/annually.)

Hope it helped u if yes mark me BRAINLIEST

4 0
4 years ago
Read 2 more answers
Michael's Yoga Studio have been entering bills for their purchases as they come in. They pay multiple bills once a week. They us
Tasya [4]

Answer: They could either use the Income and expenditure  or purchases  journal too.

Explanation:  Because its a Yoga Studio,  lots of expenses will be made  and appropriate postings are to be entered on time.

4 0
4 years ago
Read 2 more answers
Other questions:
  • Hawkeye Auto Parts uses the average cost retail method to estimate inventories. Data for the first six months of 2018 include: b
    5·1 answer
  • Which of the following will be included in the calculation of GDP using the expenditure​ method? A. A​ worker's wage B. A​ bank'
    8·1 answer
  • Access to lifesaving medicine is very limited in parts of Africa; as a result, over 10% of children do not reach the age of five
    7·1 answer
  • An accountant’s standard report on a compilation should state that the accountant
    11·1 answer
  • Broom Corporation transfers assets with an adjusted basis of​ $300,000 and an FMV of​ $400,000 to Docker Corporation in exchange
    11·2 answers
  • Trestone, a guitar manufacturing company, produces a thousand units of electric guitars each year. The company has been able to
    10·2 answers
  • Compute the Work-In-Process transferred to the finished goods warehouse on April 30 using the following information:
    12·1 answer
  • 8. A company manufactures two products X and Y. Each product has to be processed in three departments: welding, assembly and pai
    10·1 answer
  • What does the term “idle time” refer to in performance measurement?
    6·2 answers
  • At the beginning of October, Bowser Co.’s inventory consists of 58 units with a cost per unit of $42. The following transactio
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!