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3 years ago

The primary responsibility for establishing and maintaining internal control rests with

Business

2 answers:

Ivanshal [37]3 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]3 years ago

3 0

A controller b authorities

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Fixed assets includes the following, EXCEPT

Damm [24]

Answer:

C. Cows, chicken, and swine for sale at a company's farm

6 0

3 years ago

Equate, a brand of health and beauty care products, is available only at walmart stores. equate is a ____ brand.

tatiyna

The correct answer that would best complete the given statement above would be PRIVATE BRAND. <span>Equate, a brand of health and beauty care products, is available only at Walmart stores. Equate is a private brand. Other choices for this question include manufacturer's, international, family and corporate. Hope this helps.</span>

7 0

3 years ago

Last year Blease Inc had a total assets turnover of 1.33 and an equity multiplier of 1.75. Its sales were $205,000 and its net i

Whitepunk [10]

Answer:

Had it cut costs and increased its net income by this amount, The ROE would have changed 11.64%.

Explanation:

Old Net profit margin = Net income/ Revenue

= $10,600/$205,000

= 5.170731707%

Old ROE = Net profit margin*Asset turnover*Equity multiplier

= 0.0517*1.33*1.75

= 12.03487805%

New net income = $10,600 + $10,250

= $20,850

New net profit margin = $20,850/$205,000

= 10.17073171%

New ROE = 0.1017*1.33*1.75

= 23.67237805%

Change in ROE = New ROE – Old ROE

= 23.67237805% - 12.03487805%

= 11.6375%

Therefore, Had it cut costs and increased its net income by this amount, The ROE would have changed 11.64%.

6 0

4 years ago

A woman buys a house for a $320000. She pays $40000 down and takes out a mortgage at 5.7% for 20 years on the balance. Find h

sdas [7]

Answer:

$PMT= 1957.850$

Explanation:

For this case the total payment is $320000, and she pays $40000 so the remain amount to pay would be:

$320000-40000=$ 280000

For this case we assume that the annual interest rate is APR=5.7% =0.057 on fraction.

The total number of years are 20. For this case n represent the number of payments per year and since we have monthly payments then n =12.

In order to find the PMT we can use the following formula:

$PMT= \frac{P(\frac{APR}{n})}{[1-(1+\frac{APR}{n})^{-nt}]}$

On the last expression the APR needs to be on fraction and P represent the principal amount, for this case P = $280000. So if we replace we got:

$PMT= \frac{280000(\frac{0.057}{12})}{[1-(1+\frac{0.057}{12})^{-12*20}]}$

$PMT= 1957.850$

And we can verify this using the following excel function: "=PMT(0.057/12,12*20,-280000)"

3 0

4 years ago

The Khaki Corporation has the following budgeted sales data:

Simora [160]

The Khaki Corporation's budgeted cash receipts for April is $383,000.

Data andCalculations:

January February March April

Cash Sales $70,000 $90,000 $80,000 $70,000

Credit Sales $400,000 $350,000 $300,000 $320,000

<u>Cash collections</u>:

40% sales month $160,000 $140,000 $120,000 $128,000

50% 1st month $200,000 $175,000 $150,000

10% 2nd month $40,000 $35,000

Total collections from credit sales for April $313,000

Cash Sales $70,000 $90,000 $80,000 $70,000

Total budgeted cash receipts for April = $383,000

Thus, the budgeted cash receipts for the month of April would be $383,000.

Learn more: brainly.com/question/8707644

3 0

3 years ago