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natulia [17]
3 years ago
10

The objectives of internal control are to a.provide reasonable assurance that assets are safeguarded and used for business purpo

ses, business information is accurate, and laws and regulations are complied with b.control the internal organization of the accounting department personnel and equipment
Business
1 answer:
jeka57 [31]3 years ago
3 0

Answer:

The correct answer is A

Explanation:

Internal control is the control which comprise of everything that controls the risk for the organization. At the level of organizational, the objectives or goals of internal control relate to the reliability of financial reporting, compliance with the regulations as well as laws and timely feedback on accomplishment of operational goals.

The goals of the internal control are:

Safeguard the assets of business

Promote the operational efficiency.

Ensure reliability as well as integrity of the accounting information as well as data.

Ensure adherence to the policies as well as procedures of management.

Therefore, from the above options, the goal is to provide assurance that assets are safeguarded and used for business purpose.

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Facing stiff competition in the e-reader market, Sumac Industries wants to protect its competitive advantage by increasing the p
azamat

Answer:Highlight celebrities who use Sumac e-readers.

Explanation:

According to the question, due to tough competition in market regarding the e-reading product , Sumac industries wants that they can have superior position in e-reader market than other e-reader business organizations.Thus,they want a secure position for their company.

A good strategy for maintaining their position can be done through putting spot-light on the celebrity users of Sumac e-reader.This will be highlighted among celebrity fans or followers and general customers. It will promote or inspire people to purchase Sumac e-reader more as celebrities are using their product.

6 0
2 years ago
Managers are trying to decide on which variables to use in segmenting and selecting a target audience for marketing communicatio
JulsSmile [24]

Answer: Senior citizens (65 years and older) = psychographic.

Explanation:

Psychographic segmentation is simply segmentation that is based on the psychological characteristics of the consumer such as lifestyles, personality, social class etc while Demographics is the study based on factors like sex, age, and race.

Base on the above explanation, "Senior citizens (65 years and older) = psychographic" is the answer. It should be noted that this is demographic related and not psychological.

7 0
3 years ago
A disadvantage of the corporate form of business entity is
lapo4ka [179]

Answer:

A disadvantage of the corporate form of business entity is corporations are subject to more governmental regulations.

3 0
3 years ago
Vandiver Company had the following select transactions:
Tamiku [17]

Answer:

1. April 1, 2017 Accepted Goodwin Company's 12-month, 10% note in settlement of a 30400 account receivable

Dr Notes receivable__30.400

Cr Accounts receivable______30.400

2.July 1, 2017 Loaned 32,400 cash to Thomas Slocombe on a 9-month, 8% note.

Dr Notes receivable__32.400

Cr Cash___________________32.400

3. Dec. 31, 2017 Accrued interest goodwin company

Dr Interest receivable_2.280

Cr Interest revenue_______2280

3. Dec. 31, 2017 Accrued interest slocombe

Dr Interest receivable_1.296

Cr Interest revenue_______1.296

4.Apr. 1, 2018 Received principal plus interest on the Goodwin note.

Dr Cash_33.440

Cr Notes receivable_____30,400

Cr Interest revenue________760

Cr Interest receivable_____2280

5. Apr. 1, 2018 Thomas Slocombe dishonored its note; Vandiver expects it will eventually collect

Dr Accounts receivable_33.944

Cr Notes receivable______32.000

Cr Interest revenue_________648

Cr Interest receivable______1296

Explanation:

Interest calculation Goodwin

Account receivable_30400

Interest rate_________10%

Interest___________3040 12 months

Interest___________2280 From april 2018  to december 2018

Interest____________760   From january 2018 to march 2018

   

Interest calculation Slocombe  

Account recievable_32400

Interest rate_________8%

Interest__________2592

Monthly___________216  

Interest__________1296 6 months interest

Interest___________648  3 months interest

6 0
3 years ago
What is the best way to answer the question "tell me a little about yourself
Nata [24]

Answer:

Tell them what you stand for and what you have done. Tell them what you want to do.

Explanation:

7 0
3 years ago
Read 2 more answers
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