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Snowcat [4.5K]
3 years ago
9

Which statement is correct concerning the definition of internal control developed by the Committee of Sponsoring Organizations

(COSO)?A. Its applicability is largely limited to internal auditing applications.B. It is recognized in the Statements on Auditing Standards.C. It emphasizes the effectiveness and efficiency of operations over the reliability of financial reporting.D. It suggests that it is important to view internal control as an end product as contrasted to a process or means to obtain an end.
Business
1 answer:
BlackZzzverrR [31]3 years ago
6 0

Answer:

D. It suggests that it is important to view internal control as an end product as contrasted to a process or means to obtain an end.

Explanation:

Internal control is a process which is effected by an entity's board of directors, management, and other personnel, designed to provide reasonable assurance regarding the achievement of objectives.

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Which of the following changes will increase short-run output? Group of answer choices an increase in the parameter governing ho
natita [175]

Answer:

The correct answer is letter "C": an increase in the target rate of inflation.

Explanation:

According to the Aggregate Demand Formula (<em>Consumer Spending + Investment Spending + Government Spending + Exports-Imports</em>) changes in its curve will be caused by changes in the inflation rate. The fact that <em>the target increases</em> will produce the interest rate to decrease and, as a result, the output will move in the opposite direction.

4 0
2 years ago
Grover Corp. manufactures three products, and is currently facing a labor shortage. The selling price, costs, and labor requirem
Svetradugi [14.3K]

Answer:

A, C, B

Explanation:

Calculation to determine In what order should Grover Corp. prioritize production of its products to maximize profit during the labor shortage

Product A Product B Product C

Selling price $ 44.00 $ 18.00 $ 28.50

Less Variable cost per unit

$ 28.00 $ 15.00 $ 27.00

=Contribution margin per unit

$16.00 $3.00 $1.50

÷Direct labor hours per unit 2.00 1.50 .50

=Contribution margin per labor hour

$8.00 $2.00 $3.00

PRODUCT A=$16.00÷2.00

PRODUCT A=$8.00

PRODUCT B=$3.00÷1.50

PRODUCT B=$2.00

PRODUCT C=$1.50÷.50

PRODUCT C=$3.00

RANKING:

PRODUCT A=$8.00

PRODUCT C=$3.00

PRODUCT B=$2.00

Therefore based on the above calculation the order that Grover Corp.should prioritize production of its products to maximize profit during the labor shortage will be from the highest Contribution margin per labor hour to the lowest which are A,C,B

5 0
2 years ago
Read 2 more answers
Question 8 of 40
tatuchka [14]

Answer:

Everything u have mentioned can work.It depends upon the one who is hearing the mail.But, most of the times a standard greeting helps.

8 0
3 years ago
Read 2 more answers
Marketing practices targeted at elderly individuals for goods, such as supplemental health insurance, and funerals, are subject
matrenka [14]

Answer:

The population is vulnerable.

Explanation:

the reason is that elderly people are majority suffering from health issues and targeting them for marketing may cause them being attacked emotionally. so these marketing practices are subject to criticism.

7 0
3 years ago
A production department's output for the most recent month consisted of 8,000 units completed and transferred to the next stage
SIZIF [17.4K]

Answer:

Equivalent units of production = 10,500

Explanation:

Given:

Complete production = 8,000 units

Ending work in process = 5,000 units

Complete ending work in process = 50% = 50 / 100 = 0.50

Equivalent units of production = ?

Computation of equivalent units of production:

Equivalent units of production = Complete production + [Ending work in process × Complete ending work in process]

Equivalent units of production = 8,000 + [5,000 × 0.50]

Equivalent units of production = 8,000 + 2,500

Equivalent units of production = 10,500

3 0
3 years ago
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