Answer:
False
Explanation:
Internal controls are the measures and procedures that a business puts in place to protect its assets and to guarantee the accuracy of its accounting data. Internal controls ensure that the company's management and financial data comply with the relevant laws.
For accounting data to be accurate, all transactions relating to a particular financial year must be captured in the same year. Delays will be a misrepresentation of accounting information.
Answer:
10.7%
Explanation:
2% of the loan value added to the 8.7% of the loan value that you're paying in interest is ...
2% + 8.7% = 10.7%
The effective rate for this 1-year loan is 10.7%.
Yes it is. Resilience separates strong from the weak.