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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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Corona Co. is expecting to receive 100,000 British pounds in one year. Corona expects the spot rate of British pound to be $1.49
Grace [21]

Answer:

Explanation:

1st strategy : Selling pound forward

The spot rate of the pound is quoted at $1.51.

The one-year forward rate exhibits a 2.65% premium.

The one-year forward rate = 1.51 ( 1+ 0.0265)

= $ 1.55

Dollars received = 100000 * 1.55 = $155000

2nd strategy : Buying put option

The strike price of put = $1.54

premium on option is $.03

Amount received per option = $ 1.54 - $ 0.03 =$1.51

Total Dollars received = 100000* 1.51 = $ 151000

the best possible hedging strategy is Selling pound forward and receiving $155000

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3 years ago
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dmitriy555 [2]

Answer:

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Explanation:

5 0
3 years ago
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Can anyone help show me how to solve these? Please!! This is due tomorrow.. :(
DIA [1.3K]
1) 40 x9=360 that’s how much he should have earned. £360 - $332.46 = $27.54 that’s ur answer
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4 years ago
The following were selected from among the transactions completed by Caldemeyer Co. during the current year. Caldemeyer sells an
RideAnS [48]
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3 years ago
A company wants to set up a new office in a country where the corporate tax rate is as follows:
evablogger [386]

Answer: taxable income = $162,000

Tax = $46,430

Explanation:

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4 years ago
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