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solong [7]
3 years ago
12

Common inherent limitations in internal control include ________.

Business
1 answer:
lianna [129]3 years ago
8 0

Answer:

A. ineffective understanding of the purpose of a control

Explanation:

Internal controls can be regarded as mechanisms or rules, as well as procedures put in place, by a company so that integrity of financial as well as accounting information, are ensured and to promote accountability as well as prevention of fraud. It should be noted that Common inherent limitations in internal control include ineffective understanding of the purpose of a control

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g A decrease in the basis will __________ a long hedge and __________ a short hedger. Group of answer choices hurt; hurt hurt; b
alekssr [168]

Answer:

1. hurt

2. benefit

Explanation:

Given that a contract and an asset are to be converted in cash early, this implies that, basis risk exists and futures price and spot price should not move in lockstep before delivery date. However, a reduction in the basis will then hurt the long hedger and benefit the short hedger.

Hence, considering the nature of the hypothetical situation, a decrease in the basis will HURT a long hedge and BENEFIT a short hedge.

7 0
4 years ago
You invest $5000 in an account at 5.5% per year simple interest. how much will you have in the account after 6 years?
Rus_ich [418]
Simple interest means that you only need to find the interest once and then keep adding it on every year. In this case, the interest would be 5.5% of $5000 every year, which is 275. 
In 6 years, you'll have $1650, which is the amount earned from interest, plus $5000, which is the original investment.

So you'll have $6650 in 6 years.
3 0
4 years ago
Read 2 more answers
What is the best way to increase the availability of ecotourism? fly in more people from around the world. reduce the prices so
wel
C. Increase the amount of protected lands, parks, and conservation areas.
8 0
4 years ago
Read 2 more answers
Kristi is considering an investment that will pay $5,000 a year for 7 years, starting one year from today. How much should she p
KATRIN_1 [288]

Answer:

She should pay $22,819 for this investment.

Explanation:

A fix Payment for a specified period of time is called annuity. The discounting of these payment on a specified rate is known as present value of annuity.

Formula for Present value of annuity is as follow

PV of annuity = P x [ ( 1- ( 1+ r )^-n ) / r ]

Where P = Annual payment = $5,000

r = rate of return = 12%

n = number of years = 7 years

PV of annuity = $5,000 x [ ( 1- ( 1+ 0.12 )^-7 ) / 0.12 ]

PV of Annuity = $22,818.78

3 0
3 years ago
The listing of the account names and the sum of the account balances is called what
Dmitrij [34]

The listing of the account names and the sum of the account balances is called a trial balance. All significant accounting items, including as assets, liabilities, equity, revenues, expenses, gains, and losses are tied to the accounts shown on a trial balance.

A trial balance is a financial report that displays the general ledger's closing balances for all accounts at a certain point in time. The first stage in closing the books at the conclusion of an accounting month is to create a trial balance. The trial balance is a financial report that includes the closing balances for all of the company's general ledgers.

To learn more about  trial balance, click here.

brainly.com/question/15059786

#SPJ4

5 0
2 years ago
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