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
A bank has a reserve requirement of 0.08. If it has demand deposits of $200,000 and is holding $4,000 in reserves: a. the bank i
hoa [83]

Answer:

Option (d) is correct.

Explanation:

Given that,

Reserve requirement = 0.08

Demand deposits = $200,000

Holding in reserves = $4,000

Reserve required:

= Reserve Requirement ratio × Amount of demand deposits

= 0.08 × $200,000

= $16,000

Therefore, the reserves in holding is less than the required reserves. Hence, the bank is not meeting its reserve requirement.  

5 0
3 years ago
If all courses were regular (not honors or AP) 1 credit classes, calculate the student's GPA based on the following grades:
seraphim [82]

Answer:

2.83

Explanation:

A=4.0

B=3.0

C=2.0

D=1.0

F=0.0

Add all the numbers that are coordinated with the grade, then divide by how many grades there. Basically just finding the average: 4+4+3+2+3+1= 17, 17/6=2.83

3 0
3 years ago
The following information is available for Chap Company.Sales: 350,000Cost of goods sold: 120,000Total fixed expenses: 60,000Tot
vivado [14]

Answer:

A. Contribution margin of $250,000 and C. Gross profit of $230,000.

Explanation:

Sales = $350,000

Cost of goods sold = $120,000

Total fixed expenses = $60,000

Total variable expenses = $100,000

Therefore,

Gross profit = Sales - Cost of goods sold

                    = $350,000 - $120,000

                    = $230,000

Contribution margin = Sales - Total variable cost

                                  = $350,000 - $100,000

                                  = $250,000

The right options are A. Contribution margin of $250,000 and C. Gross profit of $230,000.

4 0
4 years ago
True or False
Oduvanchick [21]

That statement is false

In business, the amount of equity could be changed through either of these two ways:

- The first one is by buying out the shares that the company released. People would have more equity/ownership in the company if they hold more shares.

- If the majority shareholders in the company have agreed to sacrifice the percentage of their ownership and granted it to someone else.

8 0
3 years ago
Read 2 more answers
In 2013 the national retailer target corporation suffered a major data breach that put at risk the financial information of an e
sweet-ann [11.9K]

Answer:

Security policy failure

Explanation:

A security policy is a procedure that is to be followed to protect a company from threats, mostly computer security threats and what to do incase of occurrence.

A security policy identifies the business assets and sets up ways to protect them.

When security policy fails it results in results in business losses as is seen in when the National Retailer Target Corporation suffered a major data breach that put at risk the financial information of an estimated 40 million customers, and in 2009 the health care provider Bluecross Blueshield of Tennessee suffered a theft of hard drives when it reported 57 hard drives stolen.

3 0
3 years ago
Other questions:
  • A business owned by two or more people who have unlimited liability is called a
    13·2 answers
  • Information collected from multiple sources such as suppliers, customers, competitors, partners, and industries that analyzes pa
    5·1 answer
  • Peter pine is doing his budget. he discovers that he has spent an average of $225.00 a month on entertainment for the year with
    12·1 answer
  • Occasionally, ________________ may lead to pure monopoly; in other market conditions, they may limit competition _______________
    11·1 answer
  • Management accountants would not assist in budget planning. prepare reports primarily for external users. be concerned with the
    15·2 answers
  • Financial managers measure the benefits and costs of long-term investment proposals in terms of
    6·1 answer
  • A 5 percent reduction in the money supply will, according to most economists, reduce prices 5 percent: A. in both the short and
    5·1 answer
  • The cafeteria of a prominent university in Carson, California hires students to assist in its three shifts of operations: breakf
    8·1 answer
  • ABC Corp. has reached $700 million in sales, and wants to buy its competitor XYZ Corp. As Finance Manager, what should you expec
    15·1 answer
  • question content area if $354,000 of 10% bonds are issued at 95, the amount of cash received from the sale is
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!