Purchase the machine because the expected rate of return exceeds the interest rate
Answer:
Hence,
When control is missing the wrongdoings happen at a quick pace because the barrier in their work involves an end. there's no check on the operations and hence many wrongdoings happen without coming into the eyes of management. control helps within the analysis of wrongdoings by comparing with the standards and checks. Hence without control, it's hard to depict the extent of wrongdoings within the organization.
Explanation:
Role of control
Internal controls are policies and procedures put in situ by management to make sure that, among other things, the company’s financial statements are reliable. Some internal controls relevant to an audit include bank reconciliations, password control systems for accounting software, and inventory observations.
Internal controls provide reasonable assurance about achieving objectives regarding:
.Effectiveness and efficiency of operations
.Reliability of financial reporting
.Safeguarding of assets
.Compliance with applicable laws and regulations
Answer:
Explanation:
RETAINED EARNINGS AT THE END OF THE YEAR = RETAINED EARNINGS IN THE BEGINNING + NET INCOME FOR THE YEAR - DIVIDEND PAID
197500 = 159600 + NET INCOME -33525
NET INCOME = 197500 - 159600 + 33525 = 71425
Answer is C
The world system theory describes <span>world economy and social system. According
to world systems theory, peripheral countries have low national incomes and
low levels of technological and industrial development. </span>
<span>Periphery countries are those that are less developed than the semi-periphery and core countries.</span>