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2 years ago

What checks are there on the accuracy of these statements? (Select the best choice below.)

Business

1 answer:

kkurt [141]2 years ago

4 0

Answer:

The correct answer is B

Explanation:

The checks which are there on the accuracy of the statements are:

1. The corporation needed to hire or require the neutral party, which is known as the auditor in order to check the annual financial statements of the company, and also ensures that the financial statements are to prepared as per GAAP (generally accepted accounting principles). It should also offer the evidence to support the information reliability.

2. The public companies need to use a common or general set of rules and the standard format while making the reports.

3. The role of auditor is to review the financial statements and in addition Sarbanes-Oxley Act requires the CFO as well as CEO to attest personally to the accuracy of the financial statements.

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Which market structure would a company with high start-up costs and ongoing expensive advertising and promotional campaigns most

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The answer would be a monopoly

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2 years ago

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Lok Co. reports net sales of $4,970,000 for Year 2 and $8,532,000 for Year 3. End-of-year balances for total assets are Year 1,

Mumz [18]

Answer:Assets turnover ratio Year 2 =2.87 times

Assets turnover ratio for Year 3 = 4.58times

Explanation:

The total assets turnover is calculated as = Net Sales / Average total assets

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Average total assets = (Beginning assets + Ending Assets) / 2

Average total assets for Year 2 = ($1,684,000 +$1,780,000)/ 2 =$1,732,000

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3 years ago

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A $298 petty cash fund has cash of $32 and receipts of $247. The journal entry to replenish the account would include credit to

Nikolay [14]

The journal entry to replenish the petty cash account is credit to Cash for $266.

<h3>How would petty cash be replenished?</h3>

The amount that needs to be replenished is:

= Petty cash fund - cash

= 298 - 32

= $266

This amount needs to be taken from the cash account which is why the cash account will be credited with $266.

Find out more on the petty cash fund at brainly.com/question/27585546

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1 year ago

The owner of the business where you work has asked for your advice on restructuring the organization. You know that customer ser

ehidna [41]

Answer:

Flatter structures are appropriate for organizations that empower employees to solve customer problems.

Explanation:

These are the options for the question below;

✓A taller structure will improve the speed at which decisions are implemented.

✓Flatter structures are appropriate for organizations that empower employees to solve customer problems.

✓With a tall structure, supervisors can avoid hearing about customer complaints.

✓A flatter structure will further centralize decision making.

From the question, we are informed about an instance, where The owner of the business where i work has asked for your advice on restructuring the organization. Since I know that customer service is the cornerstone of the company. In this case I will recommend Flatter structures which is the best structure for organization that give empowerment to their employees in order to be able to solve problems associated with customers.

Flatter structure in an organization can be regarded as a structure that posses limited level of management or no level existing between the staff employee and the management of the organization. Flatter structure gives little supervision to the employees though it brings in their involvement when it comes to decision making

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2 years ago

What checks are there on the accuracy of these​ statements? ​ (Select the best choice​ below.)

What checks are there on the accuracy of these statements? (Select the best choice below.)