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
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.

You might be interested in
which of the following is an example of a project that belongs to the functional area of accounting and finance? a. market resea
Semenov [28]

Planning a firm's initial public offering is an example of a project that belongs to the functional area of accounting and finance.

A primary marketplace is a supply of recent securities. Frequently on a change, it is where organizations, governments, and other agencies go to achieve financing via debt-primarily based or equity-primarily based securities.

Number one markets are facilitated by way of underwriting corporations such as investment banks that set a starting charge range for a given protection and oversee its sale to buyers.

As soon as the initial sale is entire, similarly, trading is performed at the secondary marketplace, wherein the bulk of trade trading occurs every day.

Learn more about finance here: brainly.com/question/26499492

#SPJ4

3 0
1 year ago
Which of the following actions will help to ensure that formal business documents are trust worthy
sladkih [1.3K]
<h3><u>Full Question:</u></h3>

Which of the following actions will help to ensure that formal business documents are trustworthy?

A: Using a wide variety of charts and tables

B: Putting the decision-related information first

C: Getting information from reliable sources

D: Requiring a password to open the document

Getting information from reliable sources  will help to ensure that formal business documents are trust worthy.

<h3><u>Explanation:</u></h3>

Business documents refers to the record, books, files, plants, correspondence, reports, documentation,etc and details associated with the financing activities of the business. They can be in the form of paper works, electronic format, etc. It is very essential for any business to contain these information that can be handed over to the stakeholders, public,etc  when any issues occurs financially or legally.

There are many things that are to be followed while  preparing these documents. The information that are included in this document must be collected from reliable sources. This is because it should not be proven to be false during any legal or financial issues.

6 0
3 years ago
A new operating system for an existing machine is expected to cost $565,000 and have a useful life of six years. The system yiel
Inessa [10]

Answer:

The net present value of each potential investment:

                         Machine A        Machine B

NPV                   $167,675             $2,267

Explanation:

a) Data and Calculations:

                                                         Machine A        Machine B

Cost of machine                              $565,000         $410,000

Incremental after-tax income            165,000             75,000

Salvage value                                      25,000             26,000

Estimated useful life                           6 years             8 years

Required rate of return                      10%                   10%

Annuity factor                                     4.355                5.335

PV factor                                             0.564                0.467

PV of incremental after-tax income $718,575         $400,125

                                                ($165,000*4.355)   ($75,000*5.335)

PV of salvage value                            $14,100             $12,142

Total PV of income                         $732,675          $412,267

NPV                                                  $167,675             $2,267

= Total PV of income minus PV of initial investment cost

7 0
2 years ago
Which performance management technique initially involves the identification of a large number of critical incidents, followed b
FrozenT [24]

Answer:

A. Behaviorally Anchored Rating Scale

Explanation:

The behaviorally anchored rating scales, called BARS for short, indicates both qualitative and quantitative data to the employees appraisal process. BARS uses behavioural movements as reference rather than using the traditional generic descriptors. It identifies critical behaviours of a large group, classify these behaviors into performance dimensions and then rank these behaviors into levels of performance.

8 0
3 years ago
Petra's Programming competes on cost with WonderWeb in the web design industry. Both firms operate on a 90 percent learning curv
vladimir1956 [14]

Answer:

The correct answer is (D)

Explanation:

Petra programming and wonder web both are operating on a 90 present curve level and that is the maximum they can achieve with the given resources. To compete and take cost leadership positions they must improve the resources. Likewise, the best way is to improve existing technology. New technology will help them achieve cost leadership position and move further on the learning curve.

7 0
3 years ago
Other questions:
  • A U.S. business buys new computers for its office workers from a U.S. computer manufacturer. The value of transaction would be i
    5·1 answer
  • Demand is variable and the company wants to build a safety stock into R. The average daily demand is 15, the lead time is 3 days
    11·1 answer
  • Economic exposure refers to Multiple Choice the sensitivity of realized domestic currency values of the firm's contractual cash
    5·1 answer
  • After completing chemical detoxification and a 12-step program to treat crack addiction, a client is being prepared for discharg
    14·1 answer
  • The principle of diversification tells us that:
    5·1 answer
  • If 16,000 units of materials enter production during the first year of operations, 12,000 of the units are finished, and 4,000 a
    9·1 answer
  • Pappy Corporation received cash of $36,000 on September 1,2017 for one year's rent in advance and recorded the transaction with
    13·1 answer
  • In the market for sushi, an increase in the price of fish along with an increase in the popularity of sushi among consumers will
    14·1 answer
  • I’ll give 20 points to the best answer !!!
    12·1 answer
  • The requirement to research prior listings of the subject within the last 12 months is a(n)?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!