5-Define "Controlled
risk" and provide an
example

Answers

Answer 1

Control risk refers to the possibility of financial statements being significantly misstated as a result of a company's internal controls failing.

Example(s):

Lack of a good internal control environment, poorly designed business processes, IT security risk, integrity and ethic risk, human mistakes, and fraud risk are all frequent internal control hazards in business.


Related Questions

Trago company manufactures a single product and has a jit policy that ending inventory must equal 5% of the next month's sales. it estimates that may's ending inventory will consist of 14,000 units. june and july sales are estimated to be 280,000 and 290,000 units, respectively. compute the number of units to be produced in june.

Answers

The number of units to be produced for Trago company in June is 280,500

What is unit of production?

Production is the method of turning raw materials or inputs into finished goods.

Calculation of number of units to be produced in June.

June sales units                                                     280,000

Desired ending inventory (290,000 × 0.05)        14,5,00

Units needed                                                          294,500

Beginning inventory                                              (14,000)

June production units                                           280,500

Hence, the number of units to be produced in June is 280,500

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Question 7 of 25
Social Security withholding is an example which tax

Answers

Regressive tax - larger proportion of lower-income earners’ total income is withheld, compared to high-income earners

Answer: regressive tax

Explanation:

conduct a research in your community on the negative Impact of strikes as socio-economic issue on businesses ​

Answers

To conduct research in your community on a topic you can use either qualitative or quantitative research methods.

What is qualitative research?

It corresponds to a more comprehensive and subjective approach to the investigation of social phenomena. As it is an exploratory research, different means of data collection can be used, such as interviews.

Therefore, if you are going to use the interview method, it is essential to organize a well-structured script to achieve the expected solution.

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What countries are described as the economic Asian Tigers?
A. Tasmania, Madagascar, Sri Lanka, and Kenya
B. China, Japan, Vietnam, and Cambodia
C. Taiwan, Singapore, Hong Kong, and South Korea
D. India, Japan, Laos, and Burma
SUBMIT

Answers

C.Taiwan, Singapore, Hong Kong, and South Korea

Answer:

The answer is C

Explanation:

Hope this helps........if not then sorry for wasting your time and may God bless you

How can you train yourself to never give up before you reach you number one goal.
For example, I want to go to college and either study to be a Certified nursing assistant or Registered nurse and in 11th grade I want to try to do Licensed practical nurse which I probably have to start off as Practical nurse.

(This is for eighth grade)

Answers

Answer:

Make a List of Goals. Write down your goals and visualize how you will feel when you hit each one. ...

Work Out Every Day. ...

Make a Schedule and Stick to It. ...

Find Your “Whys” ...

Find Some Mentors. ...

Stop Comparing Yourself With Other People. ...

Take Care of Yourself and Think Positively.

Explanation:

What are some of the safety precautions that the workers must follow to avoid injury in the workplace? Which precautions are the worker's responsibility? Which precautions are the employer's responsibility?

Answers

one should use appropriate tool for the appropriate work

In an equipment capital budgeting decision, recovering the original investment means that the Blank______. Multiple choice question. equipment was returned and the funds used to pay for the equipment were taken back

Answers

In an equipment capital budgeting decision, recovering the original investment gives an idea that the investment has gained cash inflows to completely cover the cost of the equipment.

What do you mean by Capital budgeting?

The manner of creating funding selections in long-time assets is called as Capital budgeting. It is the manner of finding out whether or not or now no longer to spend money on a specific venture as all of the funding opportunities might not be rewarding.

Thus, The correct statement is the investment has gained cash inflows to completely cover the cost of the equipment.

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A number calculated by an independent party which represents what he current market rate as calculated using various factors is called a

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A number calculated by an independent party which represents the current market rate as calculated using various factors is called an Index.

What is an Index?

Index is an entity that helps to compare the returns yielded during any investments. This tool is used by financial managers and investors of the market to describe the market face.

It is also essentially a roadmap to the book, listing names, places, and things in alphabetical order and giving the page numbers associated with each topic.

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Answer:

index

Explanation:

I jus did it.

Supply of a product is likely to go down in which situation?

A. Businesses expect the product's price to rise.
B. New technology makes the product cheaper to produce.
C. Skilled workers join companies that make the product.
D. The government raises taxes on the product.​

Answers

It is B for the answer

Seven books of the old testament that have no lines of poetry in them

Answers

Answer:

Job

Psalms

Proverbs

the Song of Solomon

Lamentations

Ecclesiastes

Wisdom

Which of the following statements are true? Multiple select question. An increase in consumers' income would decrease the demand for a normal good. A decrease in consumers' income would decrease the demand for an inferior good. An increase in the price of a normal good would decrease the quantity demanded of the good. A decrease in consumers' income would decrease the demand for a normal good.

Answers

Answer:

A decrease in consumers income would decrease the demand for a normal good.

An increase in the price of a normal good would decrease the quantity demanded of the good.

An increase in consumers' income would decrease the demand for a normal good, and An increase in the price of a normal good would decrease the quantity demanded of the good, are correct statement. Hence, option A and C are correct.

What is  consumers' income?

After-tax consumer income is the amount that can be deducted. It can also be defined as an increase in wealth, most notably as a result of work or investment.

An individual's personal income is the amount of money received. After-tax income is the net income after all applicable taxes have been deducted.

Consumer income levels are important for businesses because they influence how much money people have left over after paying their taxes and living expenses. Income is affected by employment and unemployment rates.

Thus, option A and C are correct.

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How does scarcity of resources affect the nations of the world?.

Answers

Answer:

Development work will be less

public will be less

many population of people may loss their life

will suffer from different diseases

Explanation:

......

You invested 15,000 at 5% that will mature in 3 years. How much is the proceeds of your investment upon maturity date assuming simple interest will be applied

Answers

A simple interest of $2,250 will be earned over an investment of $15,000.

What is simple interest?

The returns or interest accumulated over principal investment during a financial period is known as simple interest. Using above information, the simple interest can be calculated as,

[tex]\rm Simple\ Interest= \dfrac{Principal\ x\ Interest\ Rate\ x\ Period}{100}\\\\\rm Simple\ Interest= \dfrac{15000\ x\ 3\ x\ 5}{100}\\\\\rm Simple\ Interest=\$2250[/tex]

Hence, the calculation of simple interest is given above.

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When companies ensure that all packaging has certain symbols, such as the recycle symbol or symbols showing support for wind energy, this is a strategic effort by the company to show that they practice Blank______. Multiple choice question.

Answers

When companies ensure that all packaging has certain symbols, such as the recycle symbol or symbols showing support for wind energy, this is a strategic effort by the company to show that they practice Greener Marketing. This is further explained below.

What is Greener Marketing?

Generally, Greener Marketing is simply defined as finding healthier ways to market.

In conclusion, Find green and social marketing techniques that don't merely greenwash but genuinely deliver;

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Answer: green marketing

A Lorenz curve refers to a graphic illustration of the cumulative share of population on the ________ and the cumulative percentage of total income received on the ________ .

Answers

The Lorenz curve refers to a graphic illustration of the cumulative shares of population on the horizontal axis and the cumulative percentage of total income received on the vertical axis.

What is the Lorenz curve?

This is a curve that is used to show the wealth distribution that is evident in a population.

It shows wealth by showing the cumulative percentage of income that is existent in the given population.

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Olivia is a partner in Pacific Trade. In the majority of states, with respect to any partnership obligations that Olivia does not participate in, know about, or ratify, she would be liable for Group of answer choices only the contractual obligations. all of the obligations, jointly but not severally. nothing. all of the obligations, jointly and severally.

Answers

In partnership obligations that Olivia does not participate in or ratify, she would be liable for all obligations, jointly and severally.

What do you know about partnership agreement?

An agreement among or extra commercial enterprise companions. The companions use the settlement to define their rights responsibilities, earnings, and loss distribution is referred to as a Partnership Agreement.

Hence, In Partnership obligations that Olivia does not participate in, or ratify, she would be liable for all of the obligations, jointly and severally.

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Company A and Company B are each telecommunications manufacturers. Both companies manufacture the same products, and they make their decisions based on the other's actions. Both companies are considering opening retail outlets to increase their profits. The payoff matrix shows the profits of the companies in millions of dollars if they choose to open retail outlets. Company B Company A Retail outlets No retail outlets Retail outlets $25, $25 $30, $15 No retail outlets $35, $35 $34, $20 The government imposes a new $5 million tax to open retail outlets. What is the expected outcome of the new payoff matrix, given the tax

Answers

Given the tax, the Nash equilibrium is for company A to not open retail outlets and for company B to open retail outlets, according to the revised payoff matrix.

What is a payout matrix, and how does it work?

It should be noted that a payout matrix is simply a method of expressing the outcome of the players' choices in a game.

Following the tax, the following will be the new payout matrix: Retail (25, 20). (15, 25, 25)

There will be no retail (30, 35) (20, 34)

Nash equilibrium has been reached.

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Jon's home is located in a flood zone. His list price takes this into consideration, and he's also provided a CLUE report for buyers specifying that the flood risk is low. However, he's still having a hard time selling. One option Jon could take is to ______. Unset starred question Drastically drop the asking price Offer to cover the buyer's flood insurance costs for one year Plan staying put Wait until the market changes

Answers

As per the case, John could take to drop the plan of selling and try to wait for the market changes. Thus, the correct answer is D.

What is flood zone?

Flood zone are the areas that are considered as more prone to flood. These areas are highlighted on the map about the dangers of floods occurring. John's home is located in a flood zone so it will be difficult for him to sell.

Selling at a low price will cause loss to him, offering insurance for the flood to buyers will also hamper him with the financial burden of the flood. If he drops the plan for some time, might be possible he get a good amount due to weather changes and market changes.

Therefore, option D waiting for market changes is the correct answer.

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The monthly expenses acquired when running a business are called _____. selling expenses business expenses operating expenses purchasing expenses

Answers

Answer:

operating expenses

Explanation:

trust

Human Resource Management is associated with the management of________. Select one: a. Community members. b. Organizational people c. General people. d. Financial resources

Answers

Human resource management (HRM) is related to the management of general people.

Option C is the correct answer.

What is an organization?

An organization is a workplace where top-level officials are managing and coordinating with their low-level subordinates.

HRM is one of the departments of an organization that focuses on recruitment and placing the best talent. They are accountable for putting the right person for the right profile. The general people consist of the employees who are working in the organization and their roles and responsibilities are set by the HR managers.

Therefore, the management of general people can be done by the HR department.

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At a local town council, people debated a proposal that would change the use of public space for recreational use by demolishing a skating park and building an arboretum. This is known as the problem of:Multiple choice question.locating scarce resources.overusing scarce resources.allocating scarce resources.eliminating scarce resources.

Answers

Using a public space for recreational use by utilizing it for a better purpose is regarded as an allocation of scarce resources. Hence, Option C is the correct statement.

What is the need to allocate scarce resources?

The resources that are available to humans are scarce in nature because we live in a world where humans' wants are unlimited but the resources available to satisfy those wants are limited.

Hence, Option C is the correct statement.

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Suppose that in a certain economy, the growth rate of the population is 1.2 percent and the real GDP growth per capita is 2.1 percent. The real GDP growth rate must be equal to:

Answers

Answer:

3.3 percent. (growth rate of the population + real GDP growth per capita = real GDP growth rate).

Explanation:

Which nims management characteristic includes maintaining accurate?.

Answers

Answer:

Comprehensive Resource Management includes maintaining accurate and up-to-date inventories of personnel, equipment, teams, and supplies.

On October 1, 2021, Eagle Company forecasts thepurchase of inventory from a British supplier on February 1,2022, at a price of 100,000 British pounds. On October 1,2021, Eagle pays $1,800 for a three-month call option on100,000 pounds with a strike price of $2.00 per pound. Theoption is considered to be a cash flow hedge of a forecastedforeign currency transaction. On December 31, 2021, theoption has a fair value of $1,600. The following spotexchange rates apply:DateOctober 1, 2021December 31, 2021February 1, 2022

Answers

The journal entry that  Eagle should  prepare on October 1, 2021 is:

Debit Foreign Currency Option $1,800; Credit Cash $1,800.

What is Journal entries?

Since Eagle pays the amount of $1,800 for a three-month call option  and  on December 31, 2021, the option has a fair value of $1,600. The journal entry that  Eagle should  prepare on October 1, 2021 December 31, 2021 are:

Eagle company

October 1, 2021

Debit Foreign Currency Option $1,800

Credit Cash $1,800

December 31, 2021

Debit Option Expense $200

Credit Foreign Currency Option $200

($1,800-$1,600)

Therefore entry that  Eagle should  prepare on October 1, 2021 is: Debit Foreign Currency Option $1,800; Credit Cash $1,800.

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The purpose of time management is to ________. a. maximize productivity b. write all your tasks out c. allow for delegation d. none of the above please select the best answer from the choices provided a b c d

Answers

The purpose of time management is to maximize productivity.

What is time management?

Time management is a tool used by an individual to plan how work will be arranged and done.

Time management helps take care of the following:

Creating a daily plan Determining productive timesMaximize productivity

Hence, the purpose of time management is to maximize productivity.

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Answer:

A

Explanation:

REALTOR Dana is a complainant in an ethics complaint. As long as the respondent agrees to the method, Dana's confident that they'll be able to use mediation in the matter. How is Dana so sure?

Answers

How is Dana so sure is; All local boards must tend to offer mediation in otherwise arbitrable matters.

What is mediation?

Mediation can be defined as the way in which a mediator help to resolve dispute whenever their is conflict between two parties by making use of dispute resolution techniques.

Offering mediation in arbitrable matter is important as it can tend to  help to settle dispute.

Therefore All local boards must offer mediation in otherwise arbitrable matters.

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Mr. Johnson is preparing a presentation that includes many pictures from his trip to Spain over Spring Break. He would like the presentation to loop. What does the term "loop" mean in this context?

Use the mouse or pointer to advance to the next slide.

Play over and over without stopping.

Set the motion path and play once.

Play one time and end.

Answers

When something is said to be on loop, it means that it Play over and over without stopping.

What does it mean to loop?

When a presentation is said to be on a loop, it means that it continues to play over and over without stopping.

This means that Mr. Johnson wants his presentation to keep repeating without stopping until it is stopped by someone.

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As far as macroeconomic policy is concerned, and according to the textbook, what number best represents the threshold in the unemployment rate that separates a healthy from an unhealthy economy

Answers

An ideal real unemployment rate is 3.5% to 4.5% and this separates a healthy from an unhealthy economy.

What is an unemployment rate?

This refers to the percentage of the total number of people in the labor force who are unemployed.

Therefore, the ideal real unemployment rate is 3.5% to 4.5% and this separates a healthy from an unhealthy economy.

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Suppose that, in a competitive market without government regulations, the equilibrium price of donuts is $1.00 each. Complete the following table by indicating whether each of the statements is an example of a price ceiling or a price floor and whether it is binding or nonbinding.
Statement Price Control Binding or Not
The government prohibits donut shops from selling donuts for more than $1.20 each. Due to new regulations, donut shops that would like to pay better wages in order to hire more workers are prohibited from doing so. The government has instituted a legal minimum price of $0.80 each for donuts.

Answers

The table can be completed by

Donuts for $1.20 is a binding floor priceDonuts for $0.80 is a binding ceiling price.

What is a binding floor price?

This is a price that is known to be above the equilibrium price. Selling donuts for 1.20 is a binding floor price

what is a binding price ceiling?

This is the price that has been set below the equilibrium price by the government. The equilibrium price in the question is $1.00 hence:

The government has instituted a legal minimum price of $0.80 each for donuts is a binding ceiling.

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Daniel leases an apartment from Nicholas and agrees to make monthly rent payments on the first of every month. No definite lease term is specified in the lease agreement. This is:

Answers

Answer:

the answer is "a tenancy at will"

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