The use of internal controls provides guaranteed protection against losses due to operating activities.
(a) True
(b) False.
Answers
The statement that the use of internal controls provides guaranteed protection against losses due to operating activities is false.
While internal controls can help to mitigate the risk of losses, they do not provide a guarantee of protection. This is because internal controls are only as effective as the people and processes that are involved in implementing them.In order for internal controls to be effective, they need to be designed and implemented in a way that is appropriate for the specific organization and the risks that it faces. This requires careful planning, monitoring, and review to ensure that the controls are working as intended and that any weaknesses are identified and addressed.Even with the most robust internal controls in place, there is still the potential for losses to occur due to factors beyond the control of the organization. For example, external events such as natural disasters or economic downturns can impact the financial performance of a business, even if it has strong internal controls in place.Ultimately, while internal controls can play an important role in protecting against losses due to operating activities, they are only one component of a broader risk management strategy. Organizations must also consider factors such as insurance, diversification of investments, and contingency planning to ensure that they are well-protected against a wide range of potential risks.For more such question on internal controls
https://brainly.com/question/31545097
#SPJ11
Related Questions
With the help of online research, write a short report on “glocalization.”
Answers
The phenomena of Glocalization, which is best described as Thinking Globally, Acting Locally, is created when the two terms of globalisation and localization are combined.
To put it more properly, we may say that although if a single brand is produced, sold, and distributed globally, it is nevertheless personalised and customised to suit the tastes and preferences of customers in the many global marketplaces.
It is carried out since each region of the world has its own unique culture, linguistic preferences, demands, and desires.
By adjusting their offerings and products to meet the needs of that specific market, businesses may effectively position and place their items, resulting in high revenues and devoted customers.
The following are all global brands, although they cater to the demands of their customers in various parts of the world while selling items.
Chips by Lays (They sell different flavours in different parts of the world, according to the taste preference and eating habits of that country).
To know more about Glocalization visit:
https://brainly.com/question/14357896
#SPJ9
Which of the following students is most likely to receive a merit-based scholarship?
A.
a student from a low-income family
B.
a student with a delinquency record
C.
a student from a political family
D.
a student with a high academic score
E.
a student from a middle-income family
Answers
Answer:
D
Explanation:
Which of the following types of accounts would prevent you from withdrawing ANY money without significant fees? Checking Account Savings Account Certificates of Deposit Money Market Accounts
Answers
A certificate of deposit (CD) locks your money away from one month to five years, while it earns a fixed interest rate. It's more restricting than a traditional savings account because you can't access your money until the term is finished.
A certificates of deposit (CD) is a time deposit, a financial product commonly sold by means of banks, thrift establishments, and credit unions within the u.S.A.. CDs vary from financial savings accounts in that the CD has a specific, constant term (frequently one, 3, or six months, or one to five years) and usually, a hard and fast hobby rate. The bank expects the CD to be held until adulthood, at which period they may be withdrawn and hobby paid. Like financial savings accounts, CDs are insured "cash inside the financial institution" (in the US up to $250,000) and hence, as much as the neighborhood insured deposit restriction, honestly threat unfastened. In the US, CDs are insured by means of the Federal Deposit coverage organisation (FDIC) for banks and with the aid of the national credit Union administration (NCUA) for credit score unions.
Learn more about certificate here
https://brainly.com/question/17011621
#SPJ4
Which are voluntary deductions? Select the two correct answers
A. health insurance
B. delinquent child support
C. retirement plan contribution
D. Social Security
E. FICA
Answers
Voluntary deductions are health insurance and retirement plan contribution (option A and C).
What are voluntary deductions?Voluntary deductions are deductions from the pay check of an employee in which the employee has the latitude to make the decision of either allowing the deduction or not allowing the deduction.
On the other hand, compulsory deductions the employee has no choice on allowing the deduction. The deduction is automatically subtracted from income.
To learn more about voluntary deductions, please check: https://brainly.com/question/233909
#SPJ1
Answer:-Retirement plan contribution
-health insurance
Explanation:
where does telephone and printing goes in the trial balance
Answers
Answer:
Printing and Stationery expenses are indirect expenses. Therefore, these expenses are shown in expenses side of profit and loss account, so it will be in credit side of trial balance.
Why is money management important? How would you rate your own money management?
Answers
Answer:
because it has money
Explanation:
Answer:
Money management is important because you should have a balance of bills to pay, and money you keep for fun. If you don't have this then you might have to pay to much money for bills, and you not having enough to pay them off.
Explanation:
Blank are things you can see and touch, they are products that you can purchase to meet needs and wants
Answers
Answer:
goods (like foods or necessities)
Explanation:
Craig would like to set up a meeting with five of his coworkers. Craig should use _____.
email?
Answers
which word best describes the writing process in business writing ?
Answers
Answer: Brainstorm Pre-write. Write rough draft. Peer-review. Revise ideas. Edit Publish Establish constructive purposes for student writing. Find real audiences, beyond the teacher, for students' writing
why is each of the 4 factors of production important in running a business
Answers
Answer:
to run business sucessfully with out any type pf loss
who is elon musk......
Answers
Answer:
Elon Musk FRS an entrepreneur and business magnate. He is the founder, CEO, and Chief Engineer at SpaceX; early stage investor, CEO, and Product Architect of Tesla, Inc.; founder of The Boring Company; and co-founder of Neuralink and OpenAI. A centibillionaire, Musk is one of the richest people in the world.
If the demand for a product is perfectly inelastic and the supply of the product is elastic, then: buyers of the product will bear the economic burden of the tax. sellers of the product will bear the economic burden of the tax. the economic burden of the tax will be borne by whoever is legally responsible for paying the tax the economic burden of the tax will be bome by government
Answers
If the demand for a product is perfectly inelastic and the supply is elastic, sellers of the product will bear the economic burden of the tax.
If the demand for a product is perfectly inelastic and the supply of the product is elastic, then sellers of the product will bear the economic burden of the tax. In this scenario, the inelastic demand means that buyers are less responsive to changes in price, so they are less likely to reduce their quantity demanded even if the price increases due to the tax. On the other hand, the elastic supply means that sellers are more responsive to price changes and may be more inclined to absorb the tax by lowering their prices to maintain their market share. As a result, the burden of the tax is primarily passed on to the sellers in the form of reduced profits or potentially increased costs.
To know more about demand and supply, visit:
https://brainly.com/question/29972355
#SPJ11
which of the following is a required training topic for occupationally exposed workers?
Answers
Required training topic for occupationally exposed workers are modes of bloodborne pathogen transmission, epidemiology and symptoms of bloodborne diseases, and use and limitations of practices that will prevent exposure. Therefore, the correct option is D) all of the above.
All of these topics are required for training of occupationally exposed workers to ensure their safety and prevent exposure to bloodborne pathogens. Modes of transmission help workers understand how bloodborne diseases can be spread, while knowledge of epidemiology and symptoms of such diseases can help in early detection and treatment. Additionally, understanding the use and limitations of practices that prevent exposure is crucial for preventing transmission and ensuring workplace safety.
Hence, this comprehensive training ensures that workers can protect themselves and others in the workplace, reducing the risk of infections and promoting overall health and safety. Hence, the correct answer is option D.
Note: The question is incomplete. The complete question probably is: which of the following is a required training topic for occupationally exposed workers? A) modes of bloodborne pathogen transmission B) epidemiology and symptoms of bloodborne diseases C) use and limitations of practices that will prevent exposure D) all of the above.
Learn more about Bloodborne pathogens:
https://brainly.com/question/13158004
#SPJ11
How important is money
Answers
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
100 points please help. let’s say eur/usd is trading at=1.1872. So if I have a forex account worth 100$ and I use a leverage of 1:100 I have 10000$ of buying power so if buy a mini lot of eur/usd. Do I only need to pay 10k or the quote price which would be 11872$ that I need to pay?
Answers
Answer:
With 100:1 leverage a trader can open a position 100 times greater than they could without leverage. For example, if the cost to purchase . 01 lots of EUR/USD is normally $1000 and the broker offers 100:1 leverage, then the trader must put up only $10 as margin.
Explanation:
Question 5 of 10
Why do businesses send invoices to customers?
OA. to remind the customer when a payment is due
O B. to alert accounts receivable to expect a payment
C. to remind customers to make another purchase
OD. to keep the Accounts Receivable journal up to date
Answers
Businesses send invoices to customers to remind the customer when a payment is due. Thus option A is correct.
What is a business?Business refers to the activity of creating, purchasing, and reselling goods in order to support oneself financially.
As the business is the one who will be sending the invoice. This was to suggest that there will be an amount that the customer was the one to pay due.
Also, they can have an account of things. This will be treated as a debt that the customer needs to pay for the services or the commodity. Therefore, option A is the correct option.
Learn more about business, here:
brainly.com/question/15826604
#SPJ1
Quinn works for a manufacturing company and is in the process of making a decision about the funding of future projects. Since the company has outlined more potential projects than can actually be funded, Quinn must select those projects that promise the greatest future return for the company. Quinn is involved in the process of:
Answers
Answer: Capital Budgeting
Explanation:
The materials price variance is generally calculated at the time materials are purchased because ______. Multiple select question. management can generate more timely variance reports GAAP requires variances to be recognized when they are incurred it allows materials to be carried in the inventory accounts at standard cost it simplifies bookkeeping
Answers
The calculation on materials price variance is been done at time that a purchase is made so that;
it simplifies bookkeeping.
it allows materials to be carried in the inventory accounts at standard cost.
management can generate more timely variance reports.
Materials price variance can be regarded as difference that exit between the actual as well as budgeted cost that is needed to acquire materials.This is then multiplied by the total number of units that is been purchased.Therefore, materials price variance helps in simplification of bookkeeping.
Learn more at:
https://brainly.com/question/13375811?referrer=searchResults
John is putting together an employee handbook. One thing John should NOT include in the handbook is A paragraph that tell employees that as long as performance is satisfactory, they will be retained. A chapter on the history of the company. The work rules of the company. The appeals process for a disciplinary infraction. How to accrue vacation time.
Answers
The answer is a paragraph that tell employees that as long as performance is satisfactory, they will be retained.
You are graduating from college at the end of this semester and after reading the The Business of Life box in this chapter, you have decided to invest
$4,000 at the end of each year into a Roth IRA for the next 45 years. If you earn 7 percent compounded annually on your investment, how much will you have when you retire in
45 years? How much will you have if you wait 10 years before beginning to save and only make 35 payments into your retirement account?
Answers
To calculate the future value of the investment, we can use the formula for the future value of an ordinary annuity:
Future Value = Payment × [(1 + Interest Rate)^Number of Periods - 1] / Interest Rate
In this case, the payment is $4,000, the interest rate is 7 percent (or 0.07 as a decimal), and the number of periods is 45 years.
Calculating the future value for the first scenario where you invest for 45 years:
Future Value = $4,000 × [(1 + 0.07)^45 - 1] / 0.07
Using a financial calculator or spreadsheet, the future value is approximately $1,693,145.81.
For the second scenario where you wait 10 years before beginning to save and make 35 payments:
Future Value = $4,000 × [(1 + 0.07)^35 - 1] / 0.07
Using a financial calculator or spreadsheet, the future value is approximately $622,477.84.
Therefore, if you consistently invest $4,000 per year for 45 years with a 7 percent annual interest rate, you will have approximately $1,693,145.81 when you retire. However, if you wait 10 years before starting to save and only make 35 payments, the accumulated amount will be approximately $622,477.84.
To know more about spreadsheet visit-
brainly.com/question/15228306
#SPJ11
If you see a mistake on your credit report, who should you contact? how should you contact them?.
Answers
If you see a mistake on your credit report, you should get in touch with the credit reporting company and explain the issue to them.
Your credit report affects your purchasing power, chances of landing a job, renting or purchasing a home and ability to purchase insurance. Credit reporting agencies sell your report's contents to companies that use it to decide whether to lend you money or not. Credit reports are sometimes also consulted by hiring managers. This is why it's important to ensure that the data in your report is accurate and comprehensive.
Any inaccurate or incomplete information in your report must be corrected by the credit agency as well as the company that provided the information to the bureau. These agencies work for no payment. Contact the credit bureau and the company that provided the false information to get errors in your record fixed. Inform them that you want to contest the facts in your report. Your issues will be resolved.
To read about credit report refer:
https://brainly.com/question/1618296
#SPJ4
Help me please.. there is no option on here for Human Resources principals, so I jus clicked business as the subject..
Answers
Answer:
it is c issue-based-model
Research on the persuasive effects of the quantity and quality of arguments used to support a proposal reveals that?
Answers
Are there any options in this question,
The answer is A) and B)
Explanation:A) those most affected by the proposal were influenced more by good quality than by a high quantity of arguments
B) those least affected by the proposal were influenced more by high quantity than by the good quality of arguments
These two statements are the best answer for this question.
To learn more about it, refer
to https://brainly.com/question/25689052
#SPJ4
You are offered an annuity that will pay $20,000 pef year for 10 years. The appropriate discount rate is 8% What is the annuity worth to you today if the first payment will be made one year from now? (Do not round intermediate calculations. Enter the onswer in dollars. Round the final onswer to 2 decimol pleces. Omit $ sign in your response.) Present value of annuity What is the annuity worth to you today if the first payment is made today? (Do not round intermediate calculations. Enter the answer in dollars. Round the final answer to 2 decimal places. Omit $ sign in your response.) Present value of annuity due
Answers
The present value of an annuity that pays $20,000 pef year for 10 years at 8% discount rate is $140,689. The annuity is worth $140,689 today if the first payment will be made one year from now. Therefore, the present value of the annuity due is $152,716.
The annuity is worth $152,716 today if the first payment is made today.
The present value of an annuity is the sum of the discounted values of all cash flows from the annuity.
The discounted value of a cash flow is calculated by dividing it by (1 + discount rate) raised to the number of periods before the cash flow is received.
The present value of an ordinary annuity can be calculated by using the formula:
Present Value of Annuity = PMT x (1 - (1 + r)-n / r)
Where, PMT = Periodic payment, r = Discount rate, n = Number of periods
The present value of the annuity that pays $20,000 pef year for 10 years at 8% discount rate is:
Present Value of Annuity = $20,000 x (1 - (1 + 0.08)-10 / 0.08)
= $20,000 x (1 - 0.4665 / 0.08)
= $20,000 x 7.0272
= $140,689
Therefore, the present value of the annuity that pays $20,000 pef year for 10 years at 8% discount rate is $140,689.
If the first payment will be made one year from now, then the annuity is worth $140,689 today.
To calculate the present value of an annuity due, multiply the present value of an ordinary annuity by (1 + r).
Therefore, the present value of the annuity due that pays $20,000 pef year for 10 years at 8% discount rate is:
Present Value of Annuity Due = $140,689 x (1 + 0.08)
= $140,689 x 1.08
= $152,716
If the first payment is made today, then the annuity is worth $152,716 today.
Learn more about present value from the given link
https://brainly.com/question/30390056
#SPJ11
Due to the high risk of financial loss of future purchasing power, for most people, automobiles have _____.
Answers
Due to the high risk of financial loss of future purchasing power, for most people, automobiles have depreciating value. This means that as soon as a car is driven off the lot, it begins to lose value. Over time, the wear and tear on the car, as well as changes in the market and technology, can cause its value to decrease even further.
This can make it difficult to recoup the initial investment in the car when it is eventually sold or traded in. As a result, it is important for car buyers to carefully consider their financial situation and future plans before committing to a purchase.
due to the high risk of financial loss and future purchasing power, for most people, automobiles have depreciating value. The moment an automobile is purchased and driven off the lot, its value begins to decrease. This depreciation occurs because automobiles are considered to be depreciating assets, which means they lose value over time. As a result, the future purchasing power of the automobile declines, potentially leading to a significant financial loss for the owner. Therefore, it is essential for individuals to consider the long-term financial implications of owning an automobile and make informed decisions when purchasing a vehicle.
To know more about financial loss, visit:
https://brainly.com/question/17243432
#SPJ11
explain the differences among the nominal interest rate, the real interest rate, and the expected real interest rate. which interest is most important to a borrower and lender
Answers
The nominal interest rate is the rate of interest that is stated on a loan or investment, without any adjustments for inflation or other factors that affect the real value of money.
On the other hand, the real interest rate takes into account the effects of inflation on the value of money. It is calculated by subtracting the inflation rate from the nominal interest rate. The real interest rate shows the true cost of borrowing or the true return on investment, adjusted for inflation. In other words, it is the rate of interest that takes into account the purchasing power of money.
The expected real interest rate is an estimate of what the real interest rate will be in the future, based on various economic factors such as inflation expectations, government policy, and market conditions. It is a forecast of the rate of interest that borrowers and lenders can expect to receive or pay in the future.
To know more about interest rate visit:-
https://brainly.com/question/13324776
#SPJ11
KATES CAKE BUSINESS CONSTRAINTS AND INCOME PREDICTIONS - Kate makes two types of cake; chocolate and carrot. She is able to bake 50 cakes at the most each week. - It takes her 30 minutes to prepare each chocolate cake and 35 minutes to prepare each carrot cake. - Kate has 1620 minutes [27 hours] available to prepare these cakes per week. - She has a regular order for 12 chocolate and 10 carrot cakes each week that she must deliver. - Kate makes a profit of $12 from each chocolate cake and $16 dollars from each carrot cake. INTRODUCTION: CAKE BAKING Kate has a business baking and selling chocolate cakes and carrot cakes. She would like to investigate the number of each cake she should make in order to make the best use of her time and maximise the profit from her small business. In this assessment task you need to find the number of each type of cake that Kate should bake in order to maximise her profit. Show all the graphs and equations that you have used and any relevant calculations. Clearly communicate your method using appropriate mathematical statements. TASK 1. Use the information in Resource 1 (Kates cake business constraints and income predictions) to write a report which identifies: - the maximum profit that Kate can make. - the number of chocolate cakes and carrot cakes that Kate needs to sell to maximise the profit. 2. As Kate gets more efficient at making cakes she is able to reduce the time it takes her to prepare a chocolate cake down to 24 minutes, and the time to prepare a carrot cake down to 32 minutes. She also decides to reduce the overall preparation time that she spends down to 1320 minutes [22 hours]. How will these reduced times affect the number of each cake that she bakes and the overall profit? - Use the adjusted times to identify the maximum profit that Kate can make. - Identify the number of chocolate cakes and carrot cakes that Kate now needs to sell to maximise the profit.
Answers
To maximize her profit, Kate should bake 30 chocolate cakes and 10 carrot cakes each week, resulting in a maximum profit of $460 by using linear programming technique.
In order to determine the number of cakes Kate should bake to maximize her profit, we need to consider the constraints and income predictions provided. Kate can bake a maximum of 50 cakes per week, and she has a regular order for 12 chocolate cakes and 10 carrot cakes.
Let's calculate the time it takes for Kate to prepare the cakes based on the given information. For 12 chocolate cakes, it will take her 30 minutes per cake, resulting in a total of 12 * 30 = 360 minutes. Similarly, for 10 carrot cakes, the total preparation time will be 10 * 35 = 350 minutes.
Since Kate has a total of 1620 minutes available for preparation, she has 1620 - 360 - 350 = 910 minutes left to allocate for the remaining cakes.
Now, let's calculate the profit Kate can make from each type of cake. She earns $12 from each chocolate cake and $16 from each carrot cake.
To determine the number of cakes she should bake, we can set up an equation to maximize the profit. Let's assume she bakes x chocolate cakes and y carrot cakes. The profit equation can be written as follows:
Profit = (12 * x) + (16 * y)
Subject to the constraints:
x + y ≤ 50 (maximum number of cakes she can bake)
x ≥ 12 (regular order for chocolate cakes)
y ≥ 10 (regular order for carrot cakes)
By solving this optimization problem, we find that the optimal solution is to bake 30 chocolate cakes and 10 carrot cakes each week. This combination results in a maximum profit of $460.
Learn more about : Linear programming.
brainly.com/question/30763902
#SPJ11
Match each effect with the correct type of trade barrier
A. Standards
B. Quotas
C. Embargoes
A. Restrict exports entirely and can be used as punishment
B. Place limits on imports and can drive up prices
C. Enforce rules to uphold quality and are intended to protect consumers
Answers
Answer: i got you
Explanation:
standards= C
Quotas= B
Embargoes= A
Trade Barrier although it affects "free trade" is not a negative term. The Correct match of given options are A - C, B - B, C- A.
Trade Barrier
For a Nation, the concept of "Free Trade" is not altogether positive as it can sometime affects their domestic industries which are not capable to compete big companies. To overcome this issue "Trade Barrier" is used, apart from economic reason, it can also be used for political reasons.
In the following question we have to match different types of trade barrier with their definition. Here are the correct match:-
A. Standard - C. Enforce rules to uphold quality and are intended to protect consumers.
B. Quotas - B. Place limits on imports and can drive up prices
C. Embargoes - A. Restrict exports entirely and can be used as punishment.
Learn more about Trade Barrier here:
https://brainly.com/question/1326741
_____ is a planned meeting during which a systems analyst obtains information from another person.
Answers
Interviewing is a planned meeting during which a systems analyst obtains information from another person.
It is an important part of the information gathering process in systems analysis and design. The purpose of the interview is to obtain information about the system from the perspective of the interviewee, which can include their tasks, responsibilities, and opinions. The information obtained during the interview is then used to document the requirements and specifications of the system. Effective interviewing requires good communication skills and the ability to ask open-ended questions to elicit detailed responses from the interviewee.
Know more about Interviewing here:
https://brainly.com/question/13073622
#SPJ11
Tom purchased franchise rights to open a Maggie Moos ice-cream shop. Since this was his first business ownership venture, he decided to take advantage of the business proposition that a local merchant offered. The merchant owned a discount store in the center of town and asked Tom if he would like to open his business in the discount store. The arrangement proved beneficial to both Tom and the store owner.
Type of Ownership:
Answers
Limited legal responsibility partnership (LLP) is a kind of conventional partnership the place each accomplice has a restricted private liability for the debts of the partnership.
What is distinction between LLP and LLC?In fundamental terms, the proprietors of an LLP are regarded companions in an organization, whilst the proprietors of an LLC are members. As a result, there are key variations between how the restricted legal responsibility protection is recognized, how an LLC and LLP are managed and how every shape is taxed.
A A restrained liability partnership (LLP) is a enterprise structure that approves business owners to shield their personal property from lawsuits whilst nevertheless enjoying the protections of a corporate entity. LLCs are popular among small groups because they offer flexibility and convenience, in contrast to other kinds of corporations (LLP) is a enterprise shape that approves enterprise proprietors to defend their private property from court cases whilst nonetheless playing the protections of a company entity. LLCs are popular amongst small companies because they provide flexibility and convenience, unlike other kinds of groups
Learn more about limited liability partnership here:
https://brainly.com/question/25012970#SPJ4