Answer:
Internal controls.
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 in an organization or a company is to guarantee that losses are eliminated as there's a reliable and an accurate accounting system.
This ultimately implies that, an internal control involves the timely use of both internal and external sources of auditing or financial reporting and as such enhance the maintenance of accurate and proper financial records which would also improve their operational efficiency. Internal controls if properly executed helps to increase operational efficiency, protect and safeguard assets, provides accurate financial information, prevents fraudulent or unlawful behaviors, timeliness of financial records and reporting.
Hence, a company's plans to minimize theft and enhance the accuracy of accounting information are referred to as internal controls.
Answer:
the account that earns 1.2 percent compounded monthly
Explanation:
We are talking about how many money will be earned in interested, which means that the higher percentage in a shorter period of time will earn a higher amount of money.
Answer: Average
Explanation:
<em>Economic principles are generalizations relating to </em><em><u>average</u></em><em> tendencies in economic behavior or to the economy itself.</em>
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It is impossible to explain the individual choices people or companies make and yet it still needs to be done so that the economy can be studied and planned. For this reason economic principles use generalizations to study and explain the economy based on the behavior of the majority of people.
Essentially they are based on perceived rational tendencies of what is expected of people and firms. This is why some economic principles are supported by one group of economists and not by others. If the principles applied to all, it would not be the case.
Answer:
$3,854 million
Explanation:
Revenue in year 1 = NOPAT / NOPM
Revenue in year 1 = $572.7 / 15.9%
Revenue in year 1 = $572.7 / 0.159
Revenue in year 1 = $3,601.8868
Projected revenue in year 2 = Revenue in year 1 * (1 + Growth rate)
Projected revenue in year 2 = $3,601.8868 * (1 + 7%)
Projected revenue in year 2 = $3,601.8868 * 1.07
Projected revenue in year 2 = $3854.018876
Projected revenue in year 2 = $3,854
So, the projected revenue for the year ended December 31, Year 2 is $3,854 million.
