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2 years ago

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.

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Mott Company purchases a machine from Janelle Company. Installation of the machine requires specialized knowledge that Mott Comp

alekssr [168]

Answer:

$45,455 and $4,545

Explanation:

Given that

The machine stand alone price = $50,000

Value of the installation = $5,000

Agreed purchase value of the machine = $50,000

So, by considering the above information, the contract price allocated to machine is

Contract Price allocated to Machine = Total Contract price × Standalone price ÷ (Standalone price of machine + installation value)

= $50,000 × $50,000 ÷ $55,000

= $45,455

And for installation , it is

Contract Price allocated to Installation

= $50,000 × $5,000 ÷ $55,000

= $4,545

7 0

3 years ago

Will give brainliest

erica [24]

Explanation:

To describe about the types of discount, let us understand the purpose of discount.

Discount can occur in any "distribution channel". This can,

To attract, retain and get customers
short term sales
to move-out-of-stock etc.

Types of discounts:

You can call in simple,

1. Trade discount 2. Quantity discount 3. Cash discount

I am giving you detail discounts down.

Dealing with trade
Discount card
Coupons
Dealing with quantity
Trade-in credit
Rebate

5 0

3 years ago

You are speaking to a group of consumers about ways to use food labels to choose healthy foods in the grocery store. during your

Mariana [72]

I would emphasize the ease of use. Consumers in a grocery store are regularly bombarded with visual stimulation, from brightly colored packaging to flashy statements, none of which are indicators of a healthy food. But by simply turning the package around and looking at the food label, one can quickly compare and deduce the health value of food as the labels are uniform and easy to read. Allowing the consumer to select the food that best for them, rather than the simply the most appealing package.

3 0

3 years ago

Fargus Corporation owned 55% of the voting common stock of Sanatee, Inc. The parent's interest was acquired several years ago on

Nadusha1986 [10]

Answer:

See explanation for the answer.

Explanation:

Balances of bonds payable, bond investment, interest income and interest expense are to be considered

Proceeds from for bonds (1400000*50%*0.95) 665000

Carrying value of bonds

Face value (1400000*50%) 700000

Unamortized premium (8/10*(1400000*50%*0.09)) 50400

Carrying value 750400

Gain on retirement of bonds 85400

General journal Debit Credit

Bonds payable 700000

Premium on bonds payable 44100

Interest income 74375

Investment in bonds (665000+4375) 669375

Interest expense 63700

Gain on retirement 85400

5 0

3 years ago

Sheddon Industries produces two products. The products' identified costs are as follows: Product A Product B Direct materials $

bekas [8.4K]

Answer:

The cost per unit for product B is $ 15 per unit

Explanation:

Only Manufacturing Costs are used in Product Costing. Thus to find the Cost Per Unit of Product B, we Prepare a Manufacturing Cost Summary for Product B.

Step 1 Prepare a Manufacturing Cost Summary for Product B

Direct materials $ 15,000

Direct labor $24,000

Overhead costs($24,000/$36,000) × $54,000 $36,000

Total Cost for Product B $75,000

Step 2 Calculate the Cost Per Unit for Product B

Cost Per Unit = Total Cost / Number of Units Produced

= $75,000 / 5,000 units

= $ 15 per unit

3 0

3 years ago

Read 2 more answers