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
Lena [83]
3 years ago
14

Governments generally take responsibility for

Business
1 answer:
SOVA2 [1]3 years ago
6 0

Answer:

c

Explanation:

I'm sorry if it's wrong tell me if it's right though

You might be interested in
Identify the internal control weakness in the following situations. State how the person can hurt the company.
Degger [83]

Answer:

Identification of the Internal Control Weaknesses:

A.  There is no segregation of duties and there is lack of access control.  Jerry Miller as a security guard is not expected to have a master key to the cash box.  With this he can pilfer the cash.  If he prepares the report that shows the number of cars that parked on the lot, he is not supposed to also prepare the day's cash receipts.  Otherwise, he can state any number of cars as parked that he likes, and which corresponds to the cash he might leave in the Cash box since he also has a master key.

B.  There is no segregation of duties and there is lack of supervision,  proper reconciliations, and assets audit.  Sharon Fisher handles purchase transactions from the beginning to the close all alone with a third party.  This exposes the company to procurement frauds and collusion with suppliers.  She can purchase assets for the company at prices that would enrich her personally.

C. Forming an audit opinion on the basis of ratio analysis of last year's comparative financial statements exposes the company to audit risks.  While ratio analysis is part of the basis for forming audit opinions, it is surely not the first audit procedure to obtain audit evidence to support his audit opinion on the financial statements.  An auditor is expected to obtain sufficient audit evidence and perform audit substantive tests of financial statement assertions.  He or she is also expected to review the internal control system to ensure that it is operating effectively after establishing its existence and reviewing changes in internal controls.

Explanation:

Internal Controls are controls established by management in order to help it achieve business goals.  There are many internal controls, including Separation of Duties, Access Controls , Authorization and Approvals, Asset Audits, Reconciliations, and Data Backups.  The purposes of internal controls are to establish the reliability of financial reporting, ensure timely feedback on the achievement of operational or strategic goals, and achieve compliance with financial management laws, and accounting regulations.

4 0
3 years ago
a face value of $450 million. The bonds pay interest each March 31 and September 30, beginning March 31, 2022. The effective int
Vitek1552 [10]

Answer:

$7,776,899

Explanation:

Calculation to determine what interest expense would it recognize in its 2021 income statement

Interest expense= $388,844,955 * 8% * (3 months/12 months)

Interest expense= $31,107,596.4 * 3/12

Interest expense= $7,776,899

Therefore the interest expense that would be recognize in its 2021 income statement is $7,776,899

7 0
3 years ago
On January 1, the company purchased equipment that cost $10,000. The equipment is expected to be worth about (or has a salvage v
svetoff [14.1K]

Answer:

See below

Explanation:

10000-1000=9000 to be depreciated

9000/5=1800 annual depreciation

journal entry:

depreciation expense.     1800 (debit)

  Accumulated depreciation.   1800 (credit)

to record annual depreciation

5 0
2 years ago
New Coffee Company, LLC uses JIT (just-in-time) logistical supply methods. This indicates that the company doesn't really keep l
Leona [35]

Answer:

B) Inventory turnover ratios

Explanation:

Inventory turnover measures how many times a business sells and replaces its merchandise or materials inventory during an accounting period, usually a year.

One of the basic goals of JIT is to lower the total inventories in a company, therefore increasing the inventory turnover ratio. This reduces the company's operating costs.

4 0
3 years ago
How long does it take to get debit card from chase?
Gala2k [10]
It doesn't take that long to be honest, I got mine in a week 
6 0
3 years ago
Other questions:
  • According to the long-run Phillips Curve:
    12·1 answer
  • ​Matthew's Fish Fry has a monthly target operating income of​ $6,600. Variable expenses are​ 80% of sales and monthly fixed expe
    13·1 answer
  • The janitor at a school discovered a leak in a pipe. the janitor found that it was leaking at a rate of 99 fl oz per minuteminut
    10·1 answer
  • What Trade-off Do You Make When You Use Credit ?
    15·1 answer
  • Which country use tax brackets as a part of their tax system
    13·2 answers
  • Which type of law governs the relationship between private individuals or companies?
    6·2 answers
  • Which of the following statements is most correct? a. All else equal, if a bond’s yield to maturity increases, its price will fa
    8·1 answer
  • When china's clothing industry expands, the increase in world supply lowers the world price of clothing. consider the effects th
    8·2 answers
  • Emma has decided that she needs to assess the risk and return of buying a new laptop for school. Which of these practical questi
    6·2 answers
  • Rule-of-thumb budgeting is budgeting that's popular with the hospitality and tourism industry because it's so effective.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!