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
ale4655 [162]
2 years ago
9

The implementation of an effective internal control system eliminates the possibility of fraud. This statement is:.

Business
1 answer:
Nonamiya [84]2 years ago
3 0

Answer:

False

Explanation:

No matter what a company does the possibility of fraud cannot be avoided.

You might be interested in
On a particular day, the Dow Jones a rate of change 1.7%. Which of the following statements must also be true?
liq [111]

The average of the 30 stocks in the Dow Jones decreased. Apex

6 0
3 years ago
Read 2 more answers
Bonds that may be exchanged for common stock at the option of the bondholders are called
Sedaia [141]

Answer: CONVERTIBLE BONDS

                           

Explanation: In simple words, convertible bonds refers to those fixed assets securities that could be converted into common stock on the discretion of the bondholders.

Such kind of securities is usually used by companies who are new to the market and wants to attract investors with maximum security of bonds as initial investment and maximum potential benefit as an option of converting bonds into common stock.

These types of bonds offer lower interest rates due to the embedded option of conversion.

4 0
3 years ago
Brian lives in Chicago and runs a business that sells pianos. In an average year, he receives $793,000 from selling pianos. Of t
umka21 [38]

Answer:

Brian

1. Implicit and Explicit Costs:

Implicit costs:

The rental income Brian could receive if he chose to rent out his showroom

The salary Brian could earn if he worked as a financial advisor

Explicit costs:

The wages and utility bills that Brian pays

The wholesale cost for the pianos that Brian pays the manufacturer

2. Brian's accounting and economic profit of his piano business:

Accounting profit = $62,000

Economic profit (loss) = ($3,000)

Explanation:

a) Data and Calculations:

                               Accounting Profit     Economic Profit

Sales Revenue            $793,000                $793,000

Cost of pianos              430,000                   430,000

Wages and utility bills   301,000                    301,000

Implicit (Opportunity) Costs:

Rent                                                                   15,000

Salary as an accountant                                  50,000

Total costs                    731,000                    796,000

Profit (loss)                  $62,000                     ($3,000)

b) Implicit costs are opportunity costs.  They include the costs that arise from forgone benefits when another opportunity is taken instead of the other.  Explicit costs are costs that are actually incurred by taking an opportunity.

8 0
3 years ago
Dani is a topnotch tax accountant who knows all the tricks. She is paralyzed and unable to use her arms and legs. When using her
kupik [55]
Speech recognition makes the most sense here. The keyboard and firewall would be no use here. Then the audio recorder just records a voice/sound so that wouldn't help her either:) Hope that helps:)
8 0
3 years ago
Note that common skills are listed toward the top, and less common skills are listed toward the bottom.
photoshop1234 [79]

Answer:

speaking

monitoring

complex problem-solving

coordination

critical thinking

Explanation:

can i have brainlest

5 0
3 years ago
Read 2 more answers
Other questions:
  • At the end of the year, assume the balance of Inventory is $109,225 and physical inventory on hand is $106,320. The adjusting jo
    5·1 answer
  • Mendel crossed yellow-seeded and green-seeded pea plants and then allowed the offspring to self-pollinate to produce an F2 gener
    12·1 answer
  • Mary is purchasing a home for 145000 she is in the process of selling her present home for 85000 what will her down payment equa
    15·1 answer
  • Tina’s Manufacturing Company reported total variable cost of $1,000,000. The managerial accountant reported 50,000 total number
    7·1 answer
  • The purpose of a restrictive monetary policy is to:a. reduce borrowing costs b. stimulate spending curb c. rising prices and ove
    7·1 answer
  • Bauer Software's current balance sheet shows total common equity of $5,125,000. The company has 530,000 shares of stock outstand
    9·1 answer
  • SnowParadise operates a Rocky Mountain ski resort. The company is planning its lift ticket pricing for the coming ski season. In
    11·1 answer
  • Where do teenagers get all the money they need to make purchases? I noticed several new stores had opened up at the local mall.
    11·2 answers
  • Export assistance centers work with small and medium-sized businesses who wish to get involved in:_______
    11·1 answer
  • The chubb group, an insurance company, regularly supplies funds for programming on the public television network. its donations
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!