1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
jarptica [38.1K]
3 years ago
10

Why is it important for a business to set up internal control measuresover fixed assets?​

Business
1 answer:
exis [7]3 years ago
4 0

Answer:

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.

You might be interested in
Hiromi congratulated her staff when the team received an industry award for their project, and also sent a companywide e-mail an
olga_2 [115]

Answer:

Reward power

Explanation:

Hiromi used reward power here the reward is "intangible reward". She praised and recognized the achievement of her staff team so the reward is intangible.

7 0
3 years ago
HELP!
Elza [17]

Answer:

i think the answer is true

Explanation:

6 0
3 years ago
Read 2 more answers
Ann Company borrowed $240,000 to buy an equipment on January 1, 2019, and signed a 7% instalment note requiring annual equal pay
gogolik [260]

Answer:

$2,000

Explanation:

Payment include repayment of Capital Amount and Payment of Interest expense

Therefore the balance in the Instalment Note Payable account after making the first annual payment is

7 0
3 years ago
LM Products has total assets of $48,900, total debt of $21,750, long-term debt of $18,100, owners' equity of $27,150, dividends
kondaur [170]

Answer:

-$1,908

Explanation:

Current liabilities:

= Total debt - Long term debt

= $21,750 - $18,100

= $3,650

Retained earnings:

= Net income - Dividend

= $5,500 - $1,925

= $3,575

Increase in assets:

= Total assets × Percentage increase in sales

= $48,900 × 4%

= $1,956

Increase in liabilities:

= Current liabilities × Percentage increase in sales

= $3,650 × 4%

= $146

Increase in retained earnings:

= Retained earnings × (1 + 4%)

= $3,575 × 1.04

= $3,718

Therefore,

External financing need:

= Increase in assets - Increase in liabilities - Increase in retained earnings

= $1,956 - $146 - $3,718

= -$1,908

7 0
3 years ago
You have emerged as the leader of your business finance group project in class. Your group has been working together for five we
Klio2033 [76]

Answer:

Based on SLII, the leadership style you should exhibit in this case is:

Directing.

Explanation:

Directing as a leadership style should not be done in total isolation of the other leadership styles.  While the junior member can be delegated to handle the organization of the PowerPoint presentation, there is need to initially direct, coach, and support this member to ensure that group objectives are attained.

Directing ensures that this junior member is properly instructed and supervised.

Coaching ensures that the junior member, having shown some level of competence, is fully engaged to develop all the required skill-set.

Supporting enhances the competence level of the junior group member.  This can be achieved through the active participation of the leader in the junior's assignments.

Delegating ensures that the ultimate leadership goal is attained, and this happens when the junior's competence cannot be questioned.

4 0
3 years ago
Other questions:
  • Which of the following pairs of accounts could not appear in the same adjusting entry? a. Interest Income and Interest Expense b
    5·1 answer
  • Ethical Work Climate reflects the ________ of the organization and shapes the ________ of its members.
    6·1 answer
  • The four general approaches that companies use to develop employees include: Question 41 options:
    15·1 answer
  • Mary purchased a 10-year par value bond with semiannual coupons at a nominal annual rate of 4% convertible semiannually at a pri
    5·1 answer
  • State University sold all of its basketball tickets to its students for 15 home games on September 30 for​ $1,200,000 (basketbal
    7·1 answer
  • Suppose that the salary range for recent college graduates with a bachelor's degree in economics is $30,000 to $50,000, with 25
    6·1 answer
  • Schnusenberg Corporation just paid a dividend of D0 = $0.75 per share, and that dividend is expected to grow at a constant rate
    6·1 answer
  • Leadership effectiveness should be evaluated according to which of the following characteristics?
    9·1 answer
  • Why do you think p2p apps have become so popular?
    7·1 answer
  • The lower of cost or market approach is Blank______ for companies that use Blank______. Multiple choice question. required under
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!