All categories

2 years ago

The primary responsibility for establishing and maintaining internal control rests with

Business

2 answers:

Ivanshal [37]2 years ago

5 0

Answer:

Explanation:

Management is responsible for establishing and maintaining internal control to achieve the objectives of effective and efficient operations, reliable financial reporting, and compliance with applicable laws and regulations.

Marina86 [1]2 years ago

3 0

A controller b authorities

You might be interested in

If interest rate parity holds and the annual Taiwan nominal interest rate is 7% and the US. annual nominal rate is 5% and real i

Sati [7]

Answer:

2% higher

Explanation:

Nominal rate = real rate + inflation

In the U.S:

$5\%=2\%+inflation\\inflation = 3\%$

In Taiwan:

$7\%=2\%+inflation\\inflation = 5\%$

The difference between inflations is:

$I_T - I_{US} = 5\%-3\% = 2\%$

Therefore, then inflation in Taiwan is about 2% higher than in the U.S.

7 0

3 years ago

A company purchased a tract of land for its natural resources at a cost of $1,544,800. it expects to mine 2,020,000 tons of ore

Tasya [4]

The gradual decrease in the value of natural resource is called depletion. The deplection expense is calculated on the cost net off salvage value.

$Depletion expense per ton of ore=\frac{(Cost of resource - salvage value)}{Expected Mine} =\frac{(1544800-252000)}{2,020,000} =$0.64$

Therefore, Depletion expense per ton of ore would be $0.64 per ton of ore.

5 0

3 years ago

John works for a consumer products company. His job is to use information to identify and define marketing opportunities, evalua

katovenus [111]

Answer:

The correct answer is marketing research.

Explanation:

Marketing research is the process that includes the actions of identification, collection, analysis and dissemination of information with the purpose of improving marketing decision making. Its implementation occurs basically for two reasons: (1) to solve problems, for example, determine the potential of a market; and / or (2) to identify problems, for example, to know why a product does not have the expected consumption. In essence, it seeks to meet the customer thus complying with the first premise of marketing.

4 0

3 years ago

The Humongous Food Store (HFS) has a turnover ratio of 12. The turnover ratio is revenue divided by average inventory. This mean

Kazeer [188]

Answer: compare his turnover ratio to other grocery stores' ratios.

Explanation: The manager should "compare his turnover ratio to other grocery stores' ratios" since Humongous Food Store (HFS) is losing money but have a turnover ratio of 12.

A turnover ratio of 12 means that they sold everything in the store once per month. Turnover ratio is the percentage of mural fund or portfolio holdings that have been replaced in a given year or 12 months period.

8 0

3 years ago

The following information is available for Wildhorse Co. for the month of January: expected cash receipts $59,320; expected cash

ziro4ka [17]

Answer:

Ending cash balance$8,230

Explanation:

Preparation of basic cash budget for the month of January.

Wildhorse Co CASH BUDGET for the month of January

Beginning cash balance$11,890

Add: Cash receipts $59,320

Total cash available $71,210

($59,320+$11,890)

Less: Cash disbursements ($66,850)

Excess of available cash over cash disbursements $4,360

Financing needed $3,870

($8,230-$4,360)

Ending cash balance$8,230

Therefore the basic cash budget for the month of January will be $8,230

5 0

3 years ago