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3 years ago

__________ is a cornerstone in the protection of information assets and in the prevention of financial loss.

Business

2 answers:

aliina [53]3 years ago

7 0

Answer:

Separation of duties.

Explanation:

Internal controls can be defined as the policies, set of rules, and procedures implemented or put in place by an organization to protect its assets, boost efficiency, enhance financial accountability, enforce adherence to company policies and prevent fraudulent behaviors among the employees.

The main purpose of internal controls is to guarantee that loss is eliminated by ensuring that there is an accurate and reliable accounting system.

One of the essential characteristics of internal control is the principle of establishing responsibility such as assigning responsibility to specific individuals. An internal control is considered to be most effective when an individual is solely responsible for a specific accounting task.

Hence, the principle of establishing responsibility include the following;

I. Only one person or an individual is being responsible for a task.

II. An individual is solely responsible for the authorization of transactions.

III. An individual is solely responsible for the approval of transactions.

Separation of duties is a cornerstone used as an internal control measure for the protection of information assets and in the prevention of financial loss.

According to the separation of duties, an employee such as an accountant who opens a bank statement should not be the same person that is saddled with the responsibility of reconciling cash inflow and outflow.

aleksandr82 [10.1K]3 years ago

4 0

Answer:

<h2>separation of duties</h2>

Explanation:

separation of duties is a cornerstone in the protection of information assets and in the prevention of financial loss.

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____________ comprise about 20% of all businesses but account for about 81% of u.s. business receipts.

alisha [4.7K]

Answer:

Corporations  comprise about 20% of all businesses but account for about 81% of u.s. business receipts.

Explanation:

A corporation is kind of a business that is set up by a legal organization headed by a person or several partners together. Examples including Microsoft, Apple Inc. etc

While corporations make up just 20% of registered businesses, they are usually quite larger and have national foot print. They can employ thousands of people, have a number of subsidiary companies and work with hundreds of smaller businesses.

Hence, while they are smaller in number, their impact on the economy is very large.

4 0

3 years ago

A two-year bond with par value $1,000 making annual coupon payments of $100 is priced at $1,000. a. What is the yield to maturit

amm1812

Answer: 10%

Explanation:

When the price of a bond is at par, it means that the coupon rate and the Yield to Maturity are the same.

The Coupon rate is the interest rate that the Issuer of the bond pays the bond holders as a percentage of Par.

The Coupon payment here is $100 and the rate is;

= 100/1,000

= 10%

Coupon Rate = 10% = Yield to Maturity

4 0

3 years ago

Normative and positive statements

Gekata [30.6K]

Answer:

Normative

Positive

Normative

Positive

Explanation:

Positive Economics is objective and statements are usually based on facts and economic theory. They can be tested.

For example, the statement , In some circumstances, if taxes are lowered,

government revenues actually increase, can be tested and it has it basis in economic theory

Normative economics is based value judgements, opinions and perspectives. For example, the statement - taxes are too high - is based on opinion. To some it is too high while to others it would be too low

8 0

3 years ago

Lin Corporation has a single product whose selling price is $134 per unit and whose variable expense is $67 per unit. The compan

podryga [215]

Answer:

1. 600 units

2. $81,800

Explanation:

In this question we use the formula of break-even point in unit sales which is shown below:

= (Fixed expenses + target profit) ÷ (Contribution margin per unit)

where,

Contribution margin per unit = Selling price per unit - Variable expense per unit

= $134 - $67

= $67

And, the other items values would remain the same

Now put these values to the above formula

So, the value would equal to

= ($32,300 + $7,900) ÷ ($67)

= ($402,00) ÷ ($67)

= 600 units

2. Break even point = (Fixed expenses + desired profit) ÷ (Profit volume Ratio)

And, Profit volume ratio = (Contribution margin per unit) ÷ (selling price per unit) × 100

So, the Profit volume ratio = ($67) ÷ ($134) × 100 = 50%

The other values would remain same

Now put these values to the above formula

So, the value would equal to

= ($32,300 + $8,600) ÷ (50%)

= $81,800

8 0

3 years ago

Cristiano Ronaldo is comparing a manufacturing operation using regular lot-sizing and the same operation with a kanban/lean prod

Komok [63]

Answer:

On the off chance that we look at the absolute expense of stock in both the Kanban and standard parcel measuring technique, the complete expense of Kanban stock model will be not exactly ordinary part estimating. This is because of the way that the Kanban technique is a lean strategy and in this manner the abundance requesting of the stock is dodged and just the required quantitiy of the things is set. This decreases the stock administration and buy cost essentially making it less exorbitant than the normal parcel estimating.

4 0

3 years ago