The COSO integrated framework stresses that risk management activities are an inherent part of all business operations and should be considered during strategy setting.
Treadway Commission Committee of Sponsoring Organizations: Home. Go to the main content now. Internal controls can be the established and incorporated into business processes using the COSO Framework. risk management , these controls offer a fair level of comfort that the business is conducting itself ethically, the transparently, and in compliance with accepted industry norms. Assuring that objectives have been met in the crucial areas of operations, reporting, and compliance is the main objective of the COSO Framework.
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pierre martina is comparing the cost of credit to the cash price of an item. if pierre makes a $70 down payment and pays $34 a month for 24 months, how much more will that amount be than the cash price of $695?
With $70 down payment and $34 a month for 24 months as instalment there will be a difference of $191 between the credit and the cash price of $695 with credit price exceeding cash price.
Give a brief account on down payment.A down payment for a house is the cash up front provided by the buyer in real estate deals and other big acquisitions. Down payments, which are typically a proportion of the purchase price for a home used as a primary residence, can range from as little as 3% to as much as 20%. The down payment amount is typically determined by the type of mortgage you choose, your financial situation, and the type of property you're buying (such as whether it's a primary house or an investment property, for example).
To solve the question :
Given,
Down payment = $70
Instalment = $34 a month
Time = 24 months
Difference
= Credit purchase cost − Cash price
= ((down payment + ( time × instalment)) - cash price
= (($70 + (24 × $34)) − $695
= ($70 + 816) − $695
= $886 - $695
= $191
Hence the amount will be $191 more than cash price $695.
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Which economic measure is the monthly measure of all sales of durable and nondurable goods bought by consumers?.
Retail sales refer to the economic measure of all sales of durable and nondurable goods purchased by consumers.
Retail sales are key macroeconomic metrics used to track consumer demand for finished goods. Consumer purchases of non-durable goods and durable goods are compiled in a report. The retail sales report aids investors and analysts to determine the health of the economy and any potential inflationary pressures that may exist.
Durable goods are consumer goods that have an average life span of over three years. the durable goods are used repeatedly over time. Refrigerators and bicycles are considered durable goods. Nondurable goods are those goods that are consumed in less than three years. The nondurable goods are commonly used one time. Packaged food and laundry detergent are examples of non durable goods.
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Expenditures that add to the utility of fixed assets for more than one accounting period are.
Expenditures that add to the utility of fixed assets for more than one accounting period are capital expenditure.
What is capital expenditure?A capital expenditure can e described as the type of expenditure that is been used in funding a particular asset which is been expected by the owner of the business to provide utility to a business .
And this can be used for as many as reporting period which is a way to make the business to grow better, it should be noted that the capital expenditure is very important in the business sytem.
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In which market model do firms rely on product differentiation to distinguish themselves from the competition?.
"Monopolistic Competition" is the market model where firms rely on product differentiation to distinguish themselves from the competition. The answer can also be "Monopolistically Competitive."
Businesses operating in monopolistically competitive markets differentiate their products and services with the belief that their offerings are superior to or incomparable to those of their rivals.
Despite the fact that businesses significantly rely on product differentiation, there are many small buyers and too many sellers because there are no barriers to entry. However, if a company can successfully differentiate its products in a monopolistic competition market, it will get a significant number of loyal clients and potentially become very profitable.
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a new project has an initial cost of $172,000. the equipment will be depreciated on a straight-line basis to a book value of $65,000 at the end of the four-year life of the project. the projected net income each year is $15,300, $18,100, $23,400, and $15,200, respectively. what is the average accounting return? multiple choice
The average Accounting return is 15.19%.
Data are given in the question
Initial cost=$172,000
Book Value=$172,000
Projected net income each year is $15,300, $18,100, $23,400, and $15,200
Average Accounting return can be calculated by dividing the Average Project Net Income by the Average Book Value Investment
AAR = Average Project Net Income / Average Book Value Investment
Average Project Net Income=Total Income/ No of years
=($15,300+ $18,100 +$23,400+15,200)/ 4
$72,000 / 4 years
= $18,000
Average book value of investment = $172,000 + ($65,000/2) = $118,500
AAR=$118,500/$18,000
AAR=15.19%
So Average Average Accounting return is 15.19%.
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Which economic measure is the percentage of people in the labor force who are willing to work, are looking for work, but are unable to find work?.
The labor force is the percentage of people in the labor force who are willing to work, are looking for work, but are unable to find work.
The labor force is made up of both employed people and unemployed people, and the unemployment rate is calculated by dividing the number of jobless people by the total labor force. If a person works for compensation or runs their own business for at least an hour any day of the week, including the twelfth of the month, they are regarded to be employed.
The percentage of the population that is of working age and either employed or actively seeking employment is known as the labor force participation rate. This rate is a crucial indicator of the state of the labor market since it shows the proportion of labor resources that are readily available for the creation of goods and services.
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the three ways that government policy can solve an adverse selection problem do not include providing information directly to buyers. giving sellers an incentive to reveal truthful information. limiting the number of sellers. regulating quality.
The three ways that government policy can solve an adverse selection problem do not include giving sellers an incentive to reveal truthful information.
What is adverse selection?Аdverse selection refers generаlly to а situаtion in which sellers hаve informаtion thаt buyers do not hаve, or vice versа, аbout some аspect of product quаlity. In other words, it is а cаse where аsymmetric informаtion is exploited. Аsymmetric informаtion, аlso cаlled informаtion fаilure, hаppens when one pаrty to а trаnsаction hаs greаter mаteriаl knowledge thаn the other pаrty.
The problem fаced by pаrties to аn exchаnge in which the terms offered by one pаrty will cаuse some exchаnge pаrtners to drop out. Аn exаmple is the problem of аsymmetric informаtion in insurаnce: if the price is sufficiently high, the only people who will seek to purchаse medicаl insurаnce аre people who know they аre ill (but the insurer does not). This will leаd to further price increаses to cover costs.
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alberto company uses the lower-of-cost-or-market method, on an individual-item basis, in pricing its inventory items. the inventory at december 31, 2019, consists of products d, e, f, g, h, and i. relevant per-unit data for these products appear below. item d item e item f item g item h item i quantity on hand 18 15 10 25 15 30 original cost $75 $80 $80 $80 $50 $36 replacement cost $120 $72 $70 $30 $70 $30 based upon data, what is the balance of merchandise inventory account before application of lcm principle? example of answer: 4000 (no comma, space, decimal point, or $ sign) question 23 options:
The inventory value prior to LCM implementation is $7,180.
An entity uses LCM (lower of cost or market value) when valuing the closing inventory for a time period to reflect the inventory at a lower cost in accordance with the accounting norms applied.
1) Inventory value calculation prior to LCM adoption:
Particulars Item D Item E Item F Item G Item H Item I Total
Quantity (Q) 18 15 10 25 15 30 113
Cost (C) $75 $80 $80 $80 $50 $36
Value (Q * C) $1350 $1200 $800 $2000 $750 $1080 $7180
As a result, the inventory value prior to LCM implementation is $7,180.
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the price of an interest rate swap is most accurately described as: a) zero at the initiation of the swap contract. b) decreasing when the reference rate increases. c) constant throughout the life of the swap contract.
The price of an interest rate swap is most accurately described as the price of an interest rate swap is the fixed interest rate specified in the contract.
The value of an interest rate swap is typically zero at initiation and may vary during the life of the contract as expected future interest rates change.
The value of a switch is its market fee at any point in time. remotepilot101.com At inception, the cost of an interest fee change is zero. The fee of the switch refers to the initial terms of the change at the start of the change's lifestyle.
At initiation, a change normally has a 0 price. however, during its life, a swap may have a zero, terrible, or high-quality fee, relying on adjustments in market values.
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omar hires petra, a real estate broker, to act as his agent to sell his land for $150,000. oil is discovered beneath the land, causing its market value to increase considerably. the agency agreement is likely
Omar hires Petra, a real estate broker, as an agent to sell his land for $150,000. Oil was discovered underground, greatly increasing its market value. The agency contract may be automatically terminated.
A tacit agency terminates certain circumstances where there is good reason to believe that one or both parties do not wish to continue the relationship. An agency shall terminate rights when either party dies or becomes incompetent, or if the purpose of the agency becomes unlawful.
If the law changes before the offer is accepted, the law will terminate the offer as it will become a void contract. In case the object of the offer is destroyed before it is accepted, this also means the termination of the offer.
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how does penetration pricing discourage rival companies from entering the market? (choose every correct answer.)
Competitors won't be able to enter the market if you sell your products at a low price because they can't afford to sell at that price. Lower costs.High sales can result from low prices.
Why is the pricing strategy known as market penetration effective for an aggressive new competitor?A new product or service can better penetrate the market and draw customers away from rivals thanks to the lower price. Market penetration pricing is based on promoting a new product to a large number of customers at low prices at first.
Is the strategy used when a company lowers the price of a new product to deter competitors from entering the market?A penetration pricing strategy, in contrast to a skimming approach, establishes a low initial price.Frequently, numerous competing goods are already on the market.The objective is to get however much of the market as could be expected to attempt the item.
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hailey corporation pays a constant $9.45 dividend on its stock. the company will maintain this dividend for the next 13 years and will then cease paying dividends forever. if the required return on this stock is 10.7 percent, what is the current share price? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
The current share price of Hailey Corporation is $64.76
Constant dividend on stock = $9.45
The required return on this stock = 10.7
Time period = 13 years
The market price for the exchange of one share of a company is known as the share price. A substantial portion of the company's ordinary shares is traded on the stock market, where investors can buy them.
Calculating the present value of the annuity
= Annuity × ( 1 - (1 + rate)^- time periods) / rate of return
= 9.45 × ( 1 - (1 + 10.7%)⁻¹³) / 10.7%
= 9.45 × 6.8529386295
= 64.76
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gourmet donuts owns 800 shares of coffee express. coffee express, which issued 100,000 shares of stock, declares a cash divident of $0.50 per share to stockholders. which journal entry correctly records the cash dividend received by gourmet donuts?
Gourmet Donuts holds 800 shares in Coffee Express. Coffee Express, which issued 100,000 shares of stock, declares a cash dividend of $0.50 per share to owners. Cash 400 Dividend revenue 400.
Stock in finance refers to the shares of ownership in a corporation or company. A single share of stock represents fractional ownership of the firm in proportion to the total number of shares. This typically entitles the shareholder to that fraction of the company's earnings, proceeds from asset liquidation (after discharge of all senior claims such as secured and unsecured debt), or voting power, often divided in proportion to the amount of money each stockholder has invested.
Stock can be bought and sold privately or on stock exchanges, and such transactions are often carefully regulated by governments to prevent fraud, protect investors, and benefit the greater economy.
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1) what will be the effects of issuing $3 billion of new debt and using the proceeds to pay a dividend on: wrigley's outstanding shares? on the price per share of wrigley's stock? (12 pts)
The number of shares outstanding will decrease if $3 billion in fresh debt is issued to purchase shares; however, the number of shares outstanding will not change if dividends are paid with this borrowed money.
Total assets less intangible assets (patents, goodwill, etc.) and liabilities equals a company's net assets value. Due to the $3 billion rise on both sides of the balance sheet, the book value does not change when the company issues new debt. The dividend payment has no impact on the shares' book value.
The amount of dividend paid per share will be deducted from the share price. The share price won't be directly impacted by repurchasing shares of business stock.
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At the end of the year 2 accounting period, deyoung company determined that the market value of its inventory was $79,800. The historical cost of this inventory was $81,400. Defazio uses the perpetual inventory method. Assuming the amount is material, how will the entry necessary to reduce the inventory to the lower of cost or market affect the elements of the company’s financial statements?.
The entry required to reduce inventory to the lower cost or market affects the financial statements of the company by decreasing total assets, gross margin, and net income of the company.
This can be explained using the concept of Perpetual Inventory. Perpetual inventory system may be defined as the method of estimating and calculating the inventory of the country on a regular basis. This estimation is done by keeping a tract of all the electronic records rather than checking the physical records. The value of any good within the market can change with time and this value needs to be tracked because the goods kept in the inventory for longer time can show a change in value. If the value increases then it results in the profit of company but if the value decreases then it may lead to loss of the company. The method of perpetual inventory keeps record of all these variations in prices of goods.
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which type of distribution channel typically does not have a fixed location but instead reaches customers through the mail?
The type of distribution channel that reaches customers through the mail is selling through intermediaries. It is because between the seller and the buyer there's no direct meeting.
A distribution channel generally can be described as a path that a product or service could take on its way to market. A direct distribution channel generally can be described as one of the type distribution channel where a company sells directly to the consumer. Direct distribution channel usually through their retail store or website. There are several types of distribution channel, such as direct selling, reverse logistics channels, selling through intermediaries, and also dual distribution.
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much research and development are needed to create the next iphone. do companies capitalize and amortize research and development costs over the life of the product, or are research and development costs expensed as incurred?
Companies capitalize and amortize research and development costs over the life of the product. R&D expenses are direct spending related to a company's efforts to create, design, and improve its goods, services, technology, or processes.
R&D expenditures are often highest in the industrial, technological, health care, and pharmaceutical sectors. Development The cost of purchasing and developing the sites, including engineering and legal fees, streets, roads, utilities, minimum essential administrative costs, necessary equipment, and estimated interest that the borrower cannot pay from other sources, is referred to as the goods, services. Discretionary fixed costs are typically the result of annual management decisions to spend on specific fixed cost categories.
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a company services office equipment. some customers bring their equipment to the company's service shop; other customers prefer to have the company's service personnel come to their offices to repair the equipment. the most appropriate costing method for the company is
The most appropriate costing method for the company is a job-order costing system. Systems for job-order costing accumulate costs for one-of-a-kind, one-time projects or tasks
The costs associated with each customer for each service call are of interest to a company that maintains office equipment.
A company, also known as co., is a legal designation for a group of people with a particular goal who are either naturally occurring, legally created, or a combination of both. Members of the company collaborate to accomplish clearly stated objectives.
Any system for allocating costs to a component of a business is referred to as costing. Costing is frequently used to establish costs for clients, suppliers, personnel, businesses as a whole, and subsidiaries. In Basic Costing, you'll learn how to recognise the organisational cost components and differentiate between the nature and behaviour of various costs.
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fedex offers price incentives to companies for shipping a large number of packages at one time. this is an example of a
The correct answer is noncumulative quantity discount.
Quantity discounts are price reductions offered as a result of a customer purchasing a specific number of items. To encourage customers to make greater purchases, a noncumulative quantity discount is applied to each purchase.
This means that the seller's inventory costs may be reduced as the buyer keeps the extra goods until they are consumed. It also means that the customer is prevented from switching to a rival at least until the stock is consumed.
A cumulative quantity discount applies to the total bought items over a period of time. With each additional purchase, the buyer increases the potential discount.
A similar approach encourages recurring business. Price reductions for out-of-season goods are known as seasonal discounts; an example would be a summer sale on snowmobiles.
Such discounts aim to spread demand throughout the course of the year, which can enable better use of production facilities and year-round cash flow.
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crest toothpaste offers new whitening toothpaste one year, a new gel swirl design the next year, and an improved cleaning formula the year after. crest toothpaste does this because it is
A firm engaging in monopolistic competition in an effort to preserve its economic profit.
What is meant by economic profit?This difference between the proceeds from the sale of a product and the prices of all inputs utilized, or any opportunity costs, is known as an economic gains or losses. Opportunity expenses or explicit costs are subtracted from earned revenues to determine economic profit.
What is an example of economic profit?Let's imagine a business sells plush animals and makes $10,000 in revenue. There are $5,000 in explicit costs and $2,000 in implicit costs to make them. We can calculate the economic gain of creating these toys as $1 million ($10,000 - $7 million - $2,000) using the calculation above.
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following the completion of a difficult assignment, pamela's supervisor told her that he was very pleased with her performance and her help in completing the project. the praise pamela received is an example of
Positive reinforcement is demonstrated by the compliments Pamela received.
Pamela's boss expressed his appreciation for her performance and assistance in finishing a challenging assignment to her after the project was finished.
The introduction of a pleasing or desirable stimulus after a behaviour is referred to as positive reinforcement. Reinforcing the behaviour with the desired stimulus increases the likelihood that it will happen again.
As it capitalises on the positive behaviours that have already been demonstrated and rewards the person you are working to train's innate propensities for good behavior, it is a positive parenting approach that is used for a variety of purposes and in a wide range of contexts.
In reality, according to the model developed by renowned behaviourist B. F. Skinner, positive reinforcement is just one of four types of conditioning.
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Travis is employed in a logistics company. How can he best avoid workplace hazards?
A.
by staying seated at his desk
B.
by avoiding hazardous work
C.
by wearing safety goggles
D.
by maintaining an uncluttered workplace
E.
by wearing comfortable clothes
By maintaining an uncluttered workplace is best avoid workplace hazards. Based on the unique needs of the customer, a logistics business manages and streamlines numerous procedures of moving goods from the place of origin to the site of company consumption.
Including warehousing and transportation. The evolution of logistics has been significantly aided by businesses like UPS and FedEx. These businesses are able to move products from their point of origin, store them, and package them. From the standpoint of a single company workplace, logistics deals with the movement of supplies and things that company receives and handles internally as well as the transportation of those materials and goods to a client.
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a company issues $90,000 of 5%, 5-year bonds dated january 1 that pay interest semiannually on june 30 and december 31 each year. if the issuer accepts $95,000 for the bonds, the issuer will record the sale with a (debit/credit) to (discount/premium) on bonds payable in the amount of $5,000. multiple choice question.
Debit, $5,000 Justification;
The journal entry should read "Debit cash for $ 85,000," "Debit discount on bonds payable for $ 5000," and "Credit bonds payable for $ 90000." Here, the discount amount is $ 5000.
What is a fundamental journal entry?
An accounting entry that debits and credits only one account is called a simple journal entry.As a best practice, it is encouraged to use straightforward journal entries because they are simpler to comprehend.
What three entries are in the journal?
Journal entries fall into three main categories:compound, changing, and switching.
What are credit and debit?
A transfer of value into an account is referred to as a debit entry, while a transfer of value out of an account is referred to as a credit entry.Value is transferred from credited accounts to debited accounts with each transaction.
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the opening herman miller video described how the filing cabinet line was improved by creating assembly line improvements, painting improvements, and reducing many hours long setup times to less than 10 minutes. all of these changes resulted in reducing the overall lead time for filing cabinets from more than 60 hours to only:
The first Herman Miller movie detailed how the file cabinet line was enhanced by making assembly line improvements, painting improvements, and shortening several hours-long setup periods to less than 10 minutes. As a result of these modifications, the overall lead time for file cabinets was reduced from more than 60 hours to only 4 hours.
What are the purposes of a filing cabinet?A filing cabinet is a type of office furniture used to keep paper papers organized in file folders. In its most basic form, it is a container for drawers that hold objects. Vertical files and lateral files are the two most prevalent types of filing cabinets. A vertical file cabinet features drawers that extend from the cabinet's short side. A lateral file cabinet features drawers that extend from the cabinet's long side.
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warren corporation is interested in a three-year, 11% annual coupon bond. a broker quotes a price of $930.35. what is the yield to maturity?multiple choice10%
The yield to maturity is equal to 14.00% in a three-year, 11% annual coupon bond that a broker quotes a price of $930.35.
What is yield to maturity?The yield to maturity (YTM), book produce, or redemption yield of a bond or other fixed-interest safety, such as gilts, is an estimate of the overall rate of return expected to be earned by an investor who buys a bond at a specific market price, holds it until maturity, and receives all interest payments and the capital redemption as scheduled. It is the (theoretical) internal rate of return (IRR, overall interest rate), which is the discount rate at which the bond's current price and the present value of all bond-related cash flows (principal and coupon payments) are equal. Although market convention is more frequently followed, the YTM is frequently expressed in terms of Annual Percentage Rate (A.P.R.).
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carlos purchased an apartment building on november 16, 2017, for $3,000,000. determine the cost recovery for 2017.
The cost recovery is $13,650. In the cost recovery method of accounting, a company only records the revenue it makes from a transaction when the client has paid enough of the invoice to cover all of the transaction's costs.
Statement demonstrating calculations
Particulars Amount
Building costs were $3,000,000.00.
Deduction for cost recovery: 3,000,000 *.00455
$13,650.00 is the cost recovery for 2017.
An expense and cost recovery system (ECRS) is a focused subset of "extract, transform, load" (ETL) that serves as a strong and adaptable set of applications, including programs, scripts, and databases designed to enhance the cash flow of businesses and organizations by automating the movement of data between cost recovery systems, electronic billing from vendors, and accounting systems.
In the cost recovery method of accounting, a company only records the revenue it makes from a transaction when the client has paid enough of the invoice to cover all of the transaction's costs.
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the amount that investors are willing to pay for each dollar of annual earnings is reflected in the: group of answer choices return on assets. return on equity. debt-equity ratio. price-earnings ratio. dupont identity.
The amount that investors are willing to pay for each dollar of annual earnings is reflected in the price earning ratio. The correct answer would be option B.
Price earning ratio is the ratio for valuing a firm that compares its current stock price to its earnings per share (EPS). The price multiple or earnings multiple are other names for the price earnings ratio.
Investors and analysts use P/E ratios to assess the comparative value of a company's equity in a comparison. It can also be used to contrast a company with its past performance or to compare broad markets over time or to one another. P/E estimates can be made either forward or on a trailing basis.
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Why would an already-successful business owner conduct a marginal cost analysis for their product?
The main reason why an already-successful business owner might conduct a marginal cost analysis for their product is so that the already-successful business owner would be able to measure the additional benefits of one production activity versus its costs.
What is a marginal cost analysis?This refers to the term that is used to describe the effect of taking or having a marginal cost of a business analyzed, which would show products or activities that are already profitable and to make business decisions on this.
Hence, we can see that for a successful business, having a periodic marginal cost analysis for their product is to help them analyze the products and activities that they have that are more profitable than others.
With this in mind, one can easily see that the correct answer is that it would help measure the additional benefits of one production activity versus its costs.
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the table below lists the marginal product per hour of workers in a lightbulb factory. lightbulbs sell for $2 each, and there are no costs to producing them other than labor costs. compute the value of the marginal product for each additional worker.
A company will always hire up to the point where the salary is equal to the marginal product's value. The difference between the value of the marginal product and the cost of recruiting extra labour is represented by the wage.
As you can see in the table, when the wage rate is $24, the firm should hire 7 workers since, at that wage rate, the marginal product is equal to $24.
The firm should hire 4 workers when the hourly rate is $36. As seen in the table, the marginal product is worth $36 when the firm hires 4 workers.
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sail-awsail-away corporation makes sailboards, which are distributed by tropical marketing company to uv sports stores inc., which sells them to consumers. wen is injured while using a sail-away board that he bought from uv sports. in a product liability suit based on strict liability, wen may recover from:
In a product liability suit based on strict liability, Wen may recover from Sail-Away, Tropic, or UV Sports.
What is liability?Responsibility usually means that you are responsible for something, and it can also mean that you owe product money or services. For example, a homeowner's tax liability could be an amount owed to the city in property taxes or income taxes owed to the federal government. You can calculate a company's liability using the following formula: Liabilities = Assets – Equity. To determine the total amount of liabilities, find the sum of assets and equity on the balance sheet. According to the Strict Liability Rule, the law requires people to pay damages even if they were not at fault. In other words, people have to pay compensation to victims even if they take all necessary precautions.To learn more about liability from the given link :
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