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
Zarrin [17]
3 years ago
15

Internal control is a process designed to ensure

Business
1 answer:
Sauron [17]3 years ago
8 0

Answer:

Internal Control is designed to ensure all of the items described in the answer.

Explanation:

Internal control refers to the control measures adopted by an entity so as to ensure compliance with legal framework, check frauds and errors and for reliable financial reporting.

Compliance procedures are the processes designed to check whether internal controls exist in an organization and if they do, whether such controls are operating effectively.

For e.g biometric authentication with regard to attendance keeps a check on the number of employees actually working during a period and eliminates the possibility of dummy names in the attendance records. This is an example of internal control i.e control measures created by organization itself.

You might be interested in
During the current year, Comma Co. had outstanding: 25,000 shares of common stock, 8,000 shares of $20 par, 10% cumulative prefe
irina [24]

Answer:

The basic earnings per share for the present year is $7.36 per share

Explanation:

The basic earnings per share for the current year of Comma is computed as:

= (Net Income - preferred stock) / Outstanding shares

where

Net Income is $200,000

Preferred stock is computed as:

= Shares × 10% × Price × 10%

= 8,000 × 10% × $20

= 800 × $20

= $16,000

Outstanding shares - 25,000

Putting the values above:

= ($200,000 - $16,000) / 25,000

= $ 184,000 / 25,000 shares

= $7.36 per common share

8 0
3 years ago
Describe the benefits of branding? ​
Kobotan [32]

Answer:

u get free stuff out of it

3 0
3 years ago
The circles shown to the right are similar but not exactly the same. this is an example of
kumpel [21]

This is an example of variation. The coefficient of variation, also referred to as the Spearman coefficient of variation, is a statistical measure that informs us about the relative dispersion of a data set. Its calculation is obtained by dividing the standard deviation<span> between the absolute value of the average of the set and it is usually expressed as a percentage for its better understanding.</span>

4 0
2 years ago
Fiona is a manager at tune in solutions. as a leader, she has complete authority to recruit and lay off employees. she also has
zzz [600]

Answer:

The answer is position power.

Explanation:

Position power refers to a type of power that an individual attains through occupying certain organizational positions or ranks. It is clear from the description in the question that Fiona’s manager position allows her to have the power to recruit, fire, reward, and punish her team members.

3 0
3 years ago
Calip Corporation, a merchandising company, reported the following results for October: Sales $413,000 Cost of goods sold (all v
krok68 [10]

Answer:

$243,900

Explanation:

Calip corporation reported the following results for the month of October

Sales= $413,000

Cost of goods sold= $169,100

Total variable sling expenditure= $20,700

Total fixed selling expense= $17,900

Total variable administrative expense= $13,100

Total fixed administrative expense= $30,400

The contribution margin can be calculated by subtracting the total cost of goods sold from the sales

= $413,000-$169,100

= $243,900

Hence the contribution margin for October is $243,900

5 0
2 years ago
Other questions:
  • Who sells dragon scales? Ya know like the ones ya put on chainmail. I need to know like soon.
    13·1 answer
  • GNP equals GDP7)A)plus net receipts of factor income from the rest of the world.B)minus receipts of factor income from the rest
    5·1 answer
  • A certain office supply store stocks 2 sizes of self-stick notepads, each in 4 colors: Blue, Green, Yellow Or Pink. The store pa
    12·1 answer
  • What does dyslexia affect?
    10·2 answers
  • The Clyde Corporation's variable expenses are 35% of sales. Clyde Corporation is contemplating an advertising campaign that will
    15·1 answer
  • Baker Company owns 15% of the common stock of Charlie Corporation and used the fair-value method to account for this investment.
    15·1 answer
  • . You just inherited a trust that will pay you $100,000 per year in perpetuity. However, the first payment will not occur for ex
    7·1 answer
  • Which lists the Business, Management, and Administration careers in order from highest level of education typically required to
    15·1 answer
  • Which of these is an example of a shortage?
    9·1 answer
  • When the fed buys government securities, banks' reserves ________, the quantity of money ________, and the federal funds rate __
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!