Internal controls Group of answer choices consist of policies and procedures designed to provide reasonable assurance that the company achieves its objectives and goals. are implemented by and are the responsibility of the auditors. only apply to SEC companies. guarantee that the company complies with all laws and regulations.

Answers

Answer 1

Answer:

consist of policies and procedures designed to provide reasonable assurance that the company achieves its objectives and goals

Explanation:

Internal control refers to the policies and procedures that the management should be used for attaining the goals and objectives. It provides an environment where the managers and staff could maximize the efficiency and effectiveness of the day to day operations

So as per the given situation, the above statement should be true


Related Questions

The market value of Charcoal Corporation's common stock is $20 million, and the market value of its risk-free debt is $5 million. The beta of the company's common stock is 1.25, and the market risk premium is 8%. If the Treasury bill rate is 5%, what is the company's cost of capital

Answers

Answer:

The company's cost of capital will be "13%".

Explanation:

The given values are:

Risk free rate

= 5

Beta

= 1.25

Market risk premium

= 8

Now,

⇒  [tex]cost \ of \ common \ stock=Risk \ free \ rate+Beta\times Market \ risk \ premium[/tex]

On substituting the estimated values, we get

⇒                                    [tex]=5+(1.25\times 8)[/tex]

⇒                                    [tex]=15 \ percent[/tex]

The total value will be:

=  [tex]20 +5[/tex]

=  $[tex]25 \ million[/tex]

As we know,

⇒  [tex]WACC=Respective \ costs\times Respective \ weights[/tex]

⇒              [tex]=(\frac{20}{25}\times15)+(\frac{5}{25}\times 5)[/tex]

⇒              [tex]=12+1[/tex]

⇒              [tex]=13 \ percent[/tex]

Note: % = percent

______is a corporate-level strategy that emphasizes re-investing a company's profits in strengthening its competitive position in its current industry. A. Concentration on a single industry.B. Forward vertical integration.C. Diversification.D. Backward vertical integration.E. International expansion.

Answers

Answer:

A. Concentration on a single industry

Explanation:

The concentration strategy refers to the strategy in which the company wants to compete successfully handling a single industry. The company focused on a single product or the single market in this type of strategy

Here in the given situation, the reinvesting a company profits to strengthen the competitive position in the current industry represents the concentration on a single industry

Hence, the correct option is A.

What is the main reason that it is necessary for public companies to follow the rules and format set out in the Generally Accepted Accounting Principles​ (GAAP) when creating financial​ statements? A. It ensures that the market value of assets and debt are reported accurately. B. It ensures that information on the performance of public companies is reported on cashbasis accounting. C. It ensures that important budgetary information is not omitted. D. It makes it easier to compare the financial results of different firms.

Answers

Answer:

D. It makes it easier to compare the financial results of different firms.

Explanation:

Karen has $800 to open a checking account. She wants an account with the lowest fees. She only writes about five checks per month and her employer has direct deposit. She does not plan on using the ATM or online banking. Bank Account Terms and Conditions Bank Account terms and conditions. Bank C is best for Karen. Which checking account would be best for Karen? Account A Account B Account C Account D

Answers

Answer:

she does not plain on useing the ATM or on-line banking

Explanation:

Atm is way better than online banking

Answer:

C

Explanation:

Just compare it to other This is the best way

Manny wants to be involved in a business but is not sure which type of business to join or create. He has capital to invest. He has a good network of potential investors and partners. He has no experience in management.

Answers

Answer: Limited Partner in a Limited Partnership

Explanation:

The best role that Manny can play in business would be to become a limited partner in a limited partnership. Here he could avoid being a General Partner and so will not have to make management decisions which he has no experience in but can just invest and earn returns.

He will also get seat to be able to watch other people manage and learn from them should he choose to and his good network of potential investors and partners can bring even more business for the limited partnership he may decide to join.

________involves employees and organizational representatives meeting with a neutral third party who tries to help the two sides reach a mutually agreed-upon solution

Answers

Answer:

Mediation.

Explanation:

This is explained to be a process that has been well structured which is seen to be plain and also interactive, having compulsorily a third party who is impartial in conflict resolution that is seen to be between an employee and a said organisation. Certain mediation cases may be seen to be informal meeting among the parties or a scheduled settlement conference. This dispute in some cases when it is a little blown out of proportion by the mediator, may either be pending in a court or potentially a dispute which may be filed in court. Cases suitable for mediation are disputes in commercial transactions, workers compensation, labor or community relations, domestic relations, employment or any other matters which do not involve complex procedural or evidentiary issues.

Which term best describes the business activity that occurs when website visitors buy products or services from you online?

Answers

Answer:

The answer is E-commerce

Explanation:

Nowadays, trade can occur anywhere, in the market or from the corner of your room.

The act of buying and selling goods and services through the internet is known as E-commerce. For example, Amazon. Amazon sells products through internet. Customers visit their website, search for what interests them and pay for it online through credit card or master card or might decide to pay on delivery of the product.

. Susan recently came to her manager, Andrea, with a sexual harassment complaint. A coworker Susan used to date is continuing to bother her even though they broke up several months ago. Andrea took appropriate steps to help Susan get the complaint resolved, but she feels a little bit uncomfortable with Susan now that she knows such personal information about her. When her team decides to go to lunch, she does not invite Susan the way she usually does. How could Susan perceive these actions

Answers

Susan will  perceive these actions as Retaliation

Retaliation is a form of revenge and this tend to occurs in a situation where a person is been punished for complaining about  been assaulted or harassed especially in a workplace.

Example an employee may complain about been harassed in his or her  workplace to his or her employer in which the employee may be punished for making such complaint by either be demotated or have his or her appointment terminated among others.

In conclusion Susan will  perceive these actions by her manager as Retaliation.

Learn more about Retaliation here:

https://brainly.com/question/12887443

All of the following are important emergency management planning principles EXCEPT FOR: A. Planning must be community based, representing the whole population and its needs. B. Planning is fundamentally a process to manage risk. C. Planning should be flexible enough to address both traditional and catastrophic incidents. D. Planning results in unique plans for every type of threat or hazard.

Answers

Answer:

Correct Answer:

A. Planning must be community based, representing the whole population and its needs.

Explanation:

In any given situation, there maybe need to manage and mitigate the threat, hazards caused by an individual. This mitigation would be done through planning in-order to over come it. And, also, the planning could be individual based or group based (Community type of planning).

Answer:

D. Planning results in unique plans for every type of threat or hazard.

Explanation:

Emergency Management Plans are those measures developed ahead of time to handle emergencies. These plans are developed to handle activities that are prone to risks. Examples include natural disasters and cybercrimes. When making these plans, care should be taken to ensure that they embrace a 'whole-of-community' approach. This entails a careful analysis of the different categories of people that can be affected by these disasters as well as the specific locations where they can occur in the community. The methods developed should also be flexible enough to handle both local crises as well as very severe crisis.

It is important to note that unique plans cannot be developed for every type of hazard, rather common capabilities should be identified which can be applied to all hazards.

Studies show financial advantages to diversity in senior management. But the promotion process tends to suppress expressed differences. To be seriously considered for promotion to a top-level management position in many U.S. companies, individuals must assimilate to the company’s culture. Companies can manage this through:__________

Answers

Answer:

employee training and diversity-oriented company policies

Explanation:

Diversity has been shown to have positive financial advantages because different views are considered and the best one to increase profit can be chosen.

However suppression of expressed differences has been a setback to diversity in the workplace.

To be seriously considered for promotion to a top-level management position in many U.S. companies, individuals must assimilate to the company’s culture.

This challenge can be managed when company policy is diversity-oriented. That is they value different views and don't use this as a criteria to restrict employee promotions.

Also proper employee training will align them to company culture.

The Greek government decides to introduce new austerity measures, which reduce government direct spending by $16 billion. Greece has a marginal propensity to consume of 0.6. What will be the final change in real GDP as a result of this decreased spending? Please give your answer as a whole number in billions of dollars.

Answers

Answer:

-$40 billion

Explanation:

Given that

Reduction in government spending = $16 billion

Marginal propensity to consume = 0.6

Change in spending = $16 billion

Based on the above information

As we know that

Multiplier = 1 ÷ (1 - MPC)

= 1 ÷ (1 - 0.06)

= 1 ÷ 0.4

= 2.5

Now  

The final change in real GDP is

= Multiplier × Change in spending

= 2.5 × -$16 billion

= -$40 billion

Jose Suarez has been hired as sales manager at a new firm and is trying to come up with a sales force compensation method. He would like to have selling expenses relate directly to sales resources, an aggressive sales force, and minimization of non-selling tasks. What compensation method(s) would best fulfill his requirements

Answers

Answer:

straight commission

Explanation:

Straight commission refers to the commission in which only a sales percentage could be given in terms of commission no extra payment, no salary is given. The percentage could be based on the performance of the salesperson i.e how much sales he sold so according to that the percentage is given

Therefore the given situation represents the straight commission method

Average common stockholders’ equity $3,015 $3,090 Dividends declared for common stockholders 365 655 Dividends declared for preferred stockholders 40 40 Net income 685 730 Calculate the payout ratio and return on common stockholders’ equity ratio for 2017 and 2016

Answers

Answer:

Year 2016

Payout ratio

= (Dividends Paid to Common Stockholders/ Net Income) * 100

= 655/730 * 100

= 89.7%

Return on Common Stockholder's Equity

= ((Net Income - Preferred Stock Dividend) / Average Common Stockholder's Equity) * 100

= ((730 - 40)/ 3,090) * 100

= 22.3%

Year 2017

Payout ratio

= (Dividends Paid to Common Stockholders/ Net Income) * 100

= 365/ 685 * 100

= 53.3%

Return on Common Stockholder's Equity

= ((Net Income - Preferred Stock Dividend) / Average Common Stockholder's Equity) * 100

= ((685 - 40)/ 3,015) * 100

= 21.4%

Stock A's beta is 1.7 and Stock B's beta is 0.7. Which of the following statements must be true, assuming the CAPM is correct. a. In equilibrium, the expected return on Stock A will be greater than that on B. b. Stock B would be a more desirable addition to a portfolio than A. c. When held in isolation, Stock A has more risk than Stock B. d. In equilibrium, the expected return on Stock B will be greater than that on Stock A.

Answers

Answer:

c. When held in isolation, Stock A has more risk than Stock B

Explanation:

Beta is the measurement of Company`s business risk. Therefore, a higher beta shows a higher risk and a lower beta shows lower risk.

if a transaction says started a business with cash 80000 Rands in bank is it a contra entry?​

Answers

Answer:

yes

Explanation:

because, Contra entries are those entries in which same account can be debited and credited in contrary situation. For example we debit Bank account when depositing cash.At the same time we credit bank account when withdrawing money from bank.

The span of control for a manager: a. should never exceed 7 subordinates. b. varies somewhat from manager to manager, but most managers operate best with a span of control of about 9 employees. c. depends on a number of factors, and can vary from one manager, location and type of employees. d. is no longer a relevant issue in this day of computerized offices .

Answers

Answer:

c. depends on a number of factors, and can vary from one manager, location and type of employees.

Explanation:

A manager can be defined as an individual who is saddled with the responsibility of supervising and ensuring his subordinates (employees) are working effectively and efficiently with the organization's goals and objectives.

In Business management or human resource management, span of control can be defined as the number of subordinates or junior level staffs who are directly controlled by a superior (manager).

Basically, the span of control for a manager depends on a number of factors, and can vary from one manager, location and type of employees.

This ultimately implies that, span of control is directly proportional to the organizational structure and any other factor around them.

You are the manager who employs a participantive control approach. You have concluded that corrective action is necessary to improve customer satisfaction, but first you need to convince your employees that the problem exists. What kind of evidence do you think employees will find more compelling; quantitative measurements or anccdotes from your interactions with customers

Answers

Answer:

Quantitative measurements

Explanation:

A participative approach in management involves involving employees in decision making processes in the organization. This is a transparent approach that allows for effective communication between managers and employees.

In the above case, quantitative measurements will better convince employees because this would better provide an objective evidence to show that corrective actions work better in improving customer satisfaction. Anecdotes in comparison would merely be hearsay accounts and won't be taken seriously by employees

What is a Legal tender plsss​

Answers

Coins or Bank notes that must be excepted if offered and payment of a debt

Answer:

Legal tender is something which is acknowledged by the laws as a mechanism to settle a private or public debt or in order to meet a fiscal responsibility which includes paying taxes, abiding by contracts, and finally damages or fines. Almost every country uses its national currency as legal tender.

Creditors are lawfully responsible for accepting legal tender for the repayment of debt that they have availed.

Three business people who wish to invest in a new company. Each person is willing to pay one third of the total investment. . After careful calculation, they realize that each of them would pay $ 7600 less if they could find two more equal investors. How much is the total investment in the new business.
A) $ 64,000
B) $ 54,000
C) $ 21,000
D) $ 5,400
E)e) $57,000

1

1

Answers

5ghost streetdhshahah

Executive pay at Ashance Inc., a manufacturing company, includes bonuses based on the year’s profits or other measures related to the organization’s goals. Sometimes, to gain tax advantages, the bonus is made part of executives’ retirement plans. Which of the following is being exemplified in this scenario?A. long-term incentivesB. balanced scorecardsC. piecework plansD. employee stock ownership plansE. short-term incentives

Answers

Answer:

Short-term incentive

Explanation:

The reason is that long term incentives are based on achiving goals that take more than a year and short term goals achievement duration is less than 12 months. This means that the profit maximization benefit is short term goal and the incentive on short term goal is short term incentive.

The company has gained the tax advantages by including the payment of the bonus in thier retirement plans which is an example of short term incentive.

Yoko is defining her company's performance evaluation process. Which process requirement would help her organization most effectively evaluate employees? Ensure that subjective performance indicators are used. Ensure that minimal time is spent on evaluation. Ensure that distributive justice does not apply. Ensure that evaluators are not burdened with accountability for the evaluations. Ensure that performance standards are not vague.

Answers

Answer:

Option E. Ensure that performance standards are not vague.

Explanation:

Option E is correct because if the performance standards are not vague and are realistic then the evaluation will be more fair. It will also not demotivate the employees as they will be accepting what went wrong.

Option A is incorrect because we can use both subjective and objective performance indicators.

Option B is incorrect because ensuring less time to appraise the performance means that the appraiser hasn't acknowledged the full scenario hence the evaluation wasn't fair.

Option C is incorrect because distributive justice must be applied. As it helps in acknowleging what the organization has done wrong with the employees that has resulted in poor performance.

Option D is incorrect because if the performance indicators are not representative of tasks for which the person was accountable then the evaluation is not fair. I will be held accountable for things which I wasn't deligated responsibility. Hence employee must be accountable for the responsibility deligated.

Suppose you manage a delivery company and you must choose between two transportation methods: (a) truck or (b) train. (a)Trucks: Costs U$ 26,000 upfront. For each mile it runs it costs U$ 2.00 in gas. Maintenance costs U$ 4,000 per year and additional U$ 1.00 per mile run. (b)Train: To lease a container that carries the same volume of orders as the truck it costs U$ 10.000 per year. In addition it costs U$ 4.00 per mile to move orders around. Which method has the lowest cost

Answers

Answer:

Which method has the lowest cost: Train.

Explanation:

From the scenario given between using the truck or train for transportation, the option with the lowest cost happens to be by train despite having high cost per mile for moving the goods.

For example, if the goods is to be moved over 1000 miles, it would cost the truck higher than when the train was used.

For Truck:

Cost of Truck: $26,000

Gas: $2 × 1000 = $2000

Extra: $1 × 1000 = $1000

Total: $29,000

For Train:

Cost: $10,000

Mile cost: $4 × 1000 = $4000

Total: $14,000

Therefore, for every 1000 miles covered, it was cheaper to use the train (lease a container carrier in train) than to use the Truck.

Century Real Estate’s primary broker is John Kerr. John is licensed as the broker of that company and he is licensed as a broker sales associate in his brother-in-law’s firm of Boch Real Estate, where John only works once a week or so. In this case:

Answers

Answer:

The broker is doing two different jobs; so it is okay to have two different licenses.

Explanation:

In this case, since the broker is doing two different jobs then it is okay for him to have two different licenses. In a hypothetical case that the individual Broker was doing the same job role for two different companies then that would be considered a form of conflict of interest and may cause problems with both firms in the future. Since this is not the case, then he should not have any problem.

Individuals are said to be collaborating when:_________.A) they have reciprocal faith in others' intentions and behaviors.B) they have a sense of togetherness and unity.C) they have ceased to be competitive with one another and prefer harmony.D) their motivation comes from a desire to please a supervisor or the seeking of a tangible reward.E) they are sharing information and coordinating efforts to achieve a collective outcome.

Answers

Answer:

Correct Answer:

E) they are sharing information and coordinating efforts to achieve a collective outcome.

Explanation:

In any given sector, there are limited opportunities available hence the need why there is competition in-order to maximize and gain more. This competition drives most individual to work alone. In a situation where there is no competition, the individuals works together through sharing of information and coordination in order to achieve a common result. This collective action is called Collaboration.

which of these will a filing clerk find most useful in carrying out his Duty​

a. computer
b. perforator

Answers

Answer:

computer

Explanation:

I Think This will help you

what general political Trend coincided with the significant increase in private and corporate spending

Answers

What general political trend coincided with a significant increase in private and corporate spending in political campaigns at the turn of the 21st-century

Answer:

A withdrawal of people from the public sphere

Explanation:

At the beginning of 21-century or the new millennium, various research have shown that, coupled with the advent of the internet fair loss of interest in active politics by the general populace, a larger percentage of the general public has withdraw from the public space in terms of politics. This has led to substantial increase in private and corporate spending in political campaigns at the turn of the 21st-century.

Hence, the right answer is: A withdrawal of people from the public sphere

What can you tell about google's Promotional Mix and Promotional strategies ?(10 Marks)

Answers

Answer:

The answer is below

Explanation:

Google is known to utilize Promotional Mix and Promotional Strategy that depends largely on viral, or referral, and marketing techniques.

Hence, Google's Promotional Mix and Promotional strategies can be summarized in the following key points:

1. AdWords internet ads: for example, there is a call to action links such as "Download Google Chrome Today" with phrases like "lightning-fast, clean and simple" on the Internet and their other data-enabled apps.

2. Google's YoúTube Channel: this is where they advertise their products through visuals, and the targeted audience gets to view them.

3. Minimalist internet advertising technique: For example, placement of Google link on the homepage of Google Chrome.

4. Offline Billboards: for example "Going Google" and "Google Adopts New..." Billboards

5. Referral: This is done through users, where individuals encourage their friends to use Google products.

Name brand drugs are able to continue capitalizing on their market power even after generic drugs enter the market because (i) almost all people fear the generic drug companies are devoting too few resources to research and development. (ii) some people fear that generic drugs are inferior. (iii) some people are loyal to the name brand. Group of answer choices

Answers

Answer:

This question is incomplete, the options are missing. The options are the following:

a) (i) and (ii) only.

b) (ii) and (iii) only.

c) (i) and (iii) only.

d) (i), (ii) and (iii).

And the correct answer is the option D: (i), (ii) and (iii).

Explanation:

To begin with, the fact that the pharmaceutical industry keeps growing and that those companies with name brand drugs continue capitalizing their market power even after the generic drugs have entered the market is due to the facts that the population belives that the majority of the brands are better that those that work with generic products and because of that they also believe that those companies do not invest much in I&D because they have low demand and that reason influence in the feelings of the people who believe that the generic drugs are inferior in comparison to the other ones.

Which of the following are arguments in favor of active stabilization policy by the government? Check all that apply. The Fed can effectively respond to excessive pessimism by expanding the money supply and lowering interest rates. Businesses make investment plans many months in advance. The current tax system acts as an automatic stabilizer. Changes in government purchases and taxation must be passed by both houses of Congress and signed b

Answers

Answer: Fed can effectively respond to excessive pessimism by expanding the money supply and lowering interest rates.

Explanation:

The Active Stabilization policy calls for the Government to actively try to reduce fluctuations in an economy by using monetary and fiscal policy tools.

Arguments for this policy believe that fluctuations in the economy are caused by excessive optimism and pessimism amongst market participants. In cases therefore where there is excessive pessimism, the Government should expand money supply and lower interest rates to spur investment and remove the pessimistic mood of the market.

A theme that begins in this course and is carried throughout the Public Information Training Series, the "95/5" concept A. is presented as a bad example of pubic information management. B. takes its origin from two sources: management consultant D. Edward Deming and Italian economist Vilfredo Pareto. C. is a management concept unique to public information management. D. describes a writing technique applied to social media content.

Answers

Answer:

Correct Answer:

B. takes its origin from two sources: management consultant D. Edward Deming and Italian economist Vilfredo Pareto.

Explanation:

In the public information training series, the best option for the theme in question which was been described is the Option B which shows that, it got its origin from two different sources.

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