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.
Answer:
Both of these answers are correct.
Explanation:
Positive externality is when the benefits of economic activities to third parties exceeds its cost.
Activities that generate positive externality are
1. Education
2. Research and development
To encourage activities that have positive externality, government can subsidise such activities. Subsidies makes the activity cheaper and incentivise people to carry out such activities.
Market forces may lead to an underallocation of resources to producing the good. Therefore, the government might intervene in the allocation of the resources to increase efficiency.
I hope my answer helps you.
Answer:
The marketing mix refers to the actions a company takes to market its product(s) and/or service(s). Typically, it acts as a framework for breaking down the four key components of marketing — product, price, place, and promotion.
Explanation:
If there is no unity in a shared system, then diversity can become chaos.
Answer:
The journal entry for J. Laney. to record this transaction is:
Legal Expenses $13,920 (debit)
Common Stock $2,900 (credit)
Share Premium $11,020 (credit)
Explanation:
The Common Stocks are carried at par value of $1. This means that any price paid in excess of the par value is accounted for in the Share Premium Account.
The Common stocks issued are measured at the price required to settle the legal expenses and are paid in excess of par value of $1.
Share Premium = ($4.80 - $1.00) × 2900 shares
= $3.80 × 2,900
= $11,020