C. Foreign
The face value of a currency compared to its purchasing power against other (inter)national currencies determines the currency’s strength
$1500 will be paid by the Insurance policy as the accident has lead to $725 damage to John’a car which will be covered up to $500 (full amount that insurance can pay), leaving him to pay off the rest. As for the liability that is worth $1525 so insurance will pay what it can which is $1000, leaving John to pay off the remaining amount. So the insurance is paying $1500 ($500 comprehensive coverage plus $1000 liability coverage)
Answer:
b) False
Explanation:
One of the key features of a good internal control system is the segregation of duties (SoD).
The principle of the segregation of duties entails that an individual is not allowed to initiate a transaction, review and approve the same transaction. In other words, a good internal control system would not allow an individual carry out all processes for a transaction from initiation, to authorization to approval to recording.
A system in which these responsibilities are shared mitigates against the risk of fraud and error.
Hence, in a good system of internal control, the person who initiates a transaction should be NOT be allowed to effectively control the processing of the transaction through its final inclusion in the accounting records
Answer:
E. is accurately described by all of the above
Explanation:
- The main difference is that the entrepreneurs took at the big picture and are more ideal, innovative and risk-takers and focuses more on the startups and growth and spread of business and attempts to make profits
Answer:
controllable margin = $100,000
Explanation:
given data
Income tax expense = $62000
Contribution margin = 180000
fixed costs = 80000
Interest expense = 68000
Total operating assets = 40000
to find out
How much is controllable margin
solution
we get here controllable margin that is express as
controllable margin = contribution - controllable fixed cost ....................1
put here value we get
controllable margin = 180000 - 80000
controllable margin = $100,000
