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JulsSmile [24]
3 years ago
5

The objectives of internal control are to a.prevent fraud and promote the social interest of the company b.provide control over

"internal-use only" reports and employee internal conduct c.control the internal organization of the Accounting Department personnel and equipment d.provide reasonable assurance that assets are safeguarded and used for business purposes, financial reports are accurate, and laws and regulations are complied with
Business
1 answer:
Marina86 [1]3 years ago
4 0

Answer:

d.provide reasonable assurance that assets are safeguarded and used for business purposes, financial reports are accurate, and laws and regulations are complied with.

Explanation:

The purpose of internal controls is to provide reasonable assurance that assets are safeguarded and used for business purposes, financial reports are accurate, and laws and regulations are complied with.

By definition: An internal control is a procedure or policy put in place by management <u>to safeguard assets, promote accountability, increase efficiency, and stop fraudulent behavior.</u>

Summarily, internal controls are put in place as a process to prevent employees from stealing assets or committing fraud.

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Roadway Corporation produces a special line of plastic toy racing cars. Roadway Corporation , produces the cars in batches. To m
r-ruslan [8.4K]

Answer:

the efficiency variance for variable overhead setup costs is $4,810 favorable

Explanation:

The computation of the efficiency variance for variable overhead setup costs is shown below;

= ((15,700 ÷ 265) × 4.25) × $45 - ((15,700 ÷ 325) × 3) × $45

= $11,330.6604 - $6,521.5384

= $4,809.12 favorable

= $4,810 favorable

hence, the efficiency variance for variable overhead setup costs is $4,810 favorable

4 0
2 years ago
Arrange the steps to show the effects of contractionary fiscal policy. Tiles Inflationary pressure decreases. Government increas
lana [24]
<span>Government increases the tax rate.
Consumers have less money to spend.
</span>Producers manufacture fewer goods.
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7 0
3 years ago
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Suppose a competitive market has a downward-sloping demand curve and a horizontal supply curve. If the supply curve shifts downw
8090 [49]

Answer: (a) Fall

(b) Increase

(c) Increase

(d) Unchanged

Explanation:

Suppose there is a competitive market with a downward sloping demand curve and horizontal supply curve. In a competitive market there are large number of buyers and sellers. So, if there is a downward shift in the supply curve, as a result equilibrium price will fall, equilibrium quantity will increase, consumer surplus now become larger and producer surplus remains the same because of the horizontal supply curve.

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I am thirteen and need to make money what should I do?
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Answer:

babysit- which i doubt is a good idea rn

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Explanation:

5 0
2 years ago
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I dont know how to turn 4x+4 into factored form
Mariulka [41]
4(x + 1)
Hope I helped!
Let me know if you need anything else!
~ Zoe
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2 years ago
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