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Flura [38]
3 years ago
11

What are some common reasons to keep records

Business
1 answer:
tangare [24]3 years ago
3 0
It’s very important to your business. Good records will help you do the following: Monitor the progress of your business.
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A key modifying assumption in internal control is that the internal control system is the responsibility of management.
adelina 88 [10]

Answer:

a) true

Explanation:

Internal control system is the whole system of control financial and otherwise established by management in order to carry on the business of the enterprise in an efficient and orderly manner and to secure the integrity of the records and books of accounts.

The internal control is a management control tools used to ensure efficiency in operations.

6 0
3 years ago
Rachel jogs in the morning. her friend, who is jogging behind her, only has a 50 percent chance of calling out to her when she i
irinina [24]

in this scenario, Rachel's hearing threshold for detecting her friend's call is at a distance of 15 feet.The term hearing threshold denotes the sound level below which Rachel can not perceive and detect the sound. This value is different for each person and differ individually. It is used to determine a person's degree of hearing loss.

5 0
4 years ago
Read 2 more answers
Which aspect do you think is most important for an entrepreneur in order to achieve venture capital? Why?
Vinvika [58]

Answer:

savings

Explanation:

Because as an entrepreneur u need to save for the business you are doing

4 0
3 years ago
Gayne Corporation's contribution margin ratio is 12% and its fixed monthly expenses are $84,000. If the company's sales for a mo
babymother [125]

Answer:

the net operating income is 4.560

Explanation:

Net operating income is a calculation of revenues less cost, minus all reasonably necessary operating expenses. Having said that we can determine that the fixed expenses are included in the necessary operanting expenses unless they include depreciations and amortization. Since the text doesn’t refer to the fixed expenses as depreciations or amortization the calculation is this:

Calculate the cost if the contribution margin is 12%

Cost is equal to = (Revenue*(1-contribution ratio))= (738.000*(1-0.12))= 649.440

Then calculate the net operating income  

Net operating income = (Revenue – Cost-operating expenses) = (738.000-649.440-84.000) = 4.560

3 0
4 years ago
Which of the following is not considered a credit?
Serga [27]

Answer:

which of the following is not considered a credit?

overdraft fee

Explanation:

5 0
3 years ago
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