The power and responsibilities of the top management of a corporation is : A. they manage the day to day operations of the corporation
For example, if you're a Relationship manager, you are obliged to handled all the things related in maintaining good relationship with the customers
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You would want to know the borrowers background history. U would also want to know if he can repay you. Ask your friend if his friend has borrowed money from him and been able to repay him. Hope this helps
Answer:
Integrity
Explanation:
Computer Security
The security of computer systems are very important for any organizations. There is the need to secure the physical location of computer technology from outside threats. That is necessary actions are to be taken to preserve computer systems from losses.
CIA Triad
This is known to be the industry standard for computer security since the development of the mainframe. The standard is based on three characteristics that describe the utility of information: they are :
1. Confidentiality
2. Integrity,
3. Availability.
Integrity
This is simply refered to as a quality or an attribute of information that states or explain how data is whole, complete, and uncorrupted.
Answer:
(a) If the amount in Supplies Expense is the January 31 adjusting entry, and $850 of supplies was purchased in January, what was the balance in Supplies on January 1?
- supply balance January 31 + supplies expense - purchases = $700 + $950 - $850 = <u>$800</u>
(b) If the amount in Insurance Expense is the January 31 adjusting entry, and the original insurance premium was for one year, what was the total premium and when was the policy purchased?
- Insurance expense per month = $400 x 12 months = $4,800, beginning balance prepaid insurance January 1 = $2,800. This means that the insurance policy was purchased ($4,800 - $2,800) / $400 = 5 months before, this means it was purchased in <u>August, 2016</u>.
(c) If $2,500 of salaries was paid in January, what was the balance in Salaries and Wages Payable on December 31, 2016?
- wages payable on December 31, 2016 = salaries expenses + wages payable balance January 31, - paid salaries = $1,800 + $800 - $2,500 = <u>$100</u>
(d) If $1,600 was received in January for services performed in January, what was the balance in Unearned Service Revenue at December 31, 2016?
- unearned service revenue on December 31, 2016 = cash received for providing services - service revenue + unearned service revenue balance January 31 = $1,600 - $2,000 + $750 = <u>$350</u>
Peoples budgeting equation is typically:
Income - Budget = Savings
It should be:
Income - Savings = Budget
