Answer:
Correct option is B.
$278,000
Explanation:
Common Fixed Expenses = Office Administrative Assistant + Office Administrative Assistant + President's Salary
Common Fixed Expenses = $61,750 + $46,750 + $169,500
Common Fixed Expenses = $278,000
Answer:
Control environment
Explanation:
COSO model defines internal control as a process put in place by directors and management to ensure reasonable assurance of of strategic goals by aiming at effectiveness , efficiency and economic value of operations.
COSO's five components are control environment , risk assessment , control activities , information and communication and monitoring.
Of these components , control environment takes care of integrity and ethical values that addresses corruption practices in a business environment.
Answer:
net cash provided is $5,635
Explanation:
Amount ($)
Net Income 4,750
Depreciation 885
Change in inventory (200)
Change in accounts payable <u> 200 </u>
Net cash flows from Operation<u> 5,635</u>
The depreciation is a none cash item that was initially deducted to get the net income, hence it is added back in the cash flows statement.
An increase in inventory represents an outflow of cash hence the negative value. The increase in trade payable is an increase in a liability representing an inflow of cash hence it is positive.
Answer:
The risk in the triangle shirtwaist fire was that there was a severe lack of fire safety, and the fire safety that was there which were mostly emergency doors were locked so workers wouldn't leave the building and the ladder on the side of the building litteraly fell off the side during the fire. You could mitigate them by not locking the emergency doors, doing fire drills, and having better matinence of the building
