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Andrew [12]
3 years ago
11

Questions to ask my lecture on external and internal relationships in bussiness

Business
1 answer:
Murljashka [212]3 years ago
7 0

Answer:

Have we inventoried the third party relationships that exist in our organization today?

How are we identifying and tracking new or changing relationships?

Have we assessed and prioritized the risks related to those relationships?

When evaluating new relationships, do our selection criteria address risks to the organization?

Where applicable, do our agreements and contracts include adequate terms and conditions to require third-parties to provide independent assurance to mitigate potential risks, convey trust and confidence, and demonstrate compliance with laws and regulations?

Are responsibilities to manage these risks clearly defined individually for each third-party and as a whole?

Are we monitoring the various risks and contract requirements associated with each existing relationship and at what interval?

Are these relationships dependent on subservice organizations?

How do we gain comfort that information provided by third-parties is valid, accurate, and complete?

Does our risk assessment process identify potential negative events resulting from third party relationships and include procedures in place to respond?

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Marigold Corp.'s account balances at December 31, 2020 for Accounts Receivable and the related Allowance for Doubtful Accounts a
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Answer:

The necessary adjusting entry would include a credit to the allowance account for $40080

Explanation:

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Accounts Receivable  $917000 Debit

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<u>Estimated Balances                                         $ 42000</u>

<u>Required  Adjustment                                      $ 40080</u>

<u />

The data tells that the Allowance for Doubtful Accounts  has a credit balance of $1920 the required adjustment to the allowance for doubtful accounts is $ 40080. The required entry is

Bad debts Expense            40,080 Dr.

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When total production is greater than total expenditures, __________ is produced than households want to buy, which leads to ___
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Crandle Corp. applies manufacturing overhead costs to products at a budgeted indirectminuscost rate of $ 100 per direct manufact
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Answer:

total product costs  =   $101750

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solution

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