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d1i1m1o1n [39]
3 years ago
10

Why is doing timely reconciliations a key part of internal control activities? It ensures that

Business
1 answer:
kati45 [8]3 years ago
3 0

Answer:

It ensures that the Effective internal control reduces the risk of asset loss, and helps ensure that plan information is complete and accurate, financial statements are reliable, and the plan's operations are conducted in accordance with the provisions of applicable laws and regulations. ... Why internal control is important to your plan.

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The internet service provider industry in the country of Megalopolis is an industry characterized bythe presence of strong netwo
soldier1979 [14.2K]

Answer:

The correct answer is letter "B": threat of new entrants is most likely low.

Explanation:

According to American Harvard professor Michael Porter (born in 1947), the Five Forces determine the competition in a market: <em>competition in the industry, the threat of new entrants into the market, bargaining power of suppliers, bargaining power of customers, </em>and <em>the threat of substitutes</em>.  

The threat of new entrants is stronger if the product of a given market is undifferentiated and does not offer any competitive advantage for consumers. Besides, the less established a company is, the more likely new entrants will appear with the intention of taking over the market.

Therefore,<em> if the internet service provider of Megalopolis has high brand loyalty, economies of scale, and proprietary technology it implies the firm offers differential advantages to its clients and that the firm is well-established. New entrants' threat is low under these circumstances.</em>

5 0
3 years ago
Holly deposited $7,000 in a CD and will get charged penalties if she makes withdrawals within five years. However, she will need
sasho [114]
First, Holly should have investigated and planned how, when and where to put her money. after planning and investigating she should develop the right attitude in saving and investing.
5 0
4 years ago
Read 2 more answers
Net operating income equals: Multiple choice question. dollar sales – dollar sales to break even. unit sales × unit contribution
GalinKa [24]

Net operating income equals (unit sales - unit sales to break even) × unit contribution margin.

What is net operating income?

Real estate professionals utilize the metric known as Net Operating Income, or NOI, to swiftly determine the profitability of a certain venture. After deducting required operational costs, NOI calculates the revenue and profitability of investment real estate property.

Is net operating income the same as profit?

After all, costs have been deducted, operating profit displays a company's earnings, excluding the cost of debt, taxes, and some one-time expenses. Contrarily, net income is the profit that is still left over after all expenses made during the time have been deducted from sales revenue.

Learn more about net operating income: brainly.com/question/14103167

#SPJ4

6 0
2 years ago
Blue Spruce Company had $152,800 of net income in 2016 when the selling price per unit was $152, the variable costs per unit wer
Mars2501 [29]

Answer:

The number of units sold in 2016 is 12,058 units

Explanation:

The number of units sold in the year 2016 is simply the total revenue in 2016 divided by selling price per unit.

Total revenue =net income+total variable cost+total fixed cost

net income for 2016 is $152,800

assuming X units were sold

total variable cost =$92*X

fIxed cost =$570,700

total revenue=$152*X

152X=152800+92X+570700

152X-92X=152800+570700

       60X         =723500

              X      =723500 /60

               X=12058.33

Alternatively, the number of units sold is total contribution divided by contribution per unit

5 0
3 years ago
A traditional GAAP income statement does not help managers to predict the financial results of their decisions. Which of the fol
Amiraneli [1.4K]

Answer:

A) The GAAP statement is based on cost function rather than cost behavior.

Explanation:

Income statements that follow GAAP rules categorizes expenses based on their business function: product, selling or administrative.

While cost behavior categorizes costs based on how they influence a company's activities: variable, fixed and mixed. When a manager wants to measure the impact of any decision he/she makes, they need to use this type of categorization. For example, if fixed costs increase, what is the new break even point? If variable costs decrease, how is the marginal cost affected?

7 0
3 years ago
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