T/F,In addition to their other responsibilities, the three communities of interest are responsible for determining which control options are cost effective for the organization.
Answers
The statement in addition to their other responsibilities, the three communities of interest are responsible for determining which control options are cost-effective for the organization is FALSE.
The three communities of interest, which are management, auditors, and information technology (IT) personnel, are responsible for overseeing different aspects of an organization's control environment. However, while they may provide input and recommendations, it is ultimately the responsibility of management to determine which control options are cost-effective for the organization.
Management is responsible for setting the organization's overall strategy and goals, and as such, has the final say in determining which controls are necessary to achieve those goals. Auditors may provide independent assessments of the organization's control environment and offer recommendations for improvement, while IT personnel may implement and maintain the necessary technical controls.
However, ultimately it is management's responsibility to make decisions about the costs and benefits of implementing specific control options, taking into account factors such as the organization's risk tolerance, regulatory requirements, and available resources.
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Related Questions
Jana has $100 to open a checking account. she can maintain a monthly balance of $300. she also has a savings account at the same bank. she plans to use online bill paying and write fewer than 10 checks per month. she currently uses her bank’s atm several times per month. jana does not overdraw her account. bank account terms and conditions bank account terms and conditions. bank b is best for jana. jana wants an account with the lowest fees. which checking account would be best for jana? account a account b account c account d
Answers
Bank account is opened in bank to save/ deposit money and generate interest from it. Jana should choose account b.
What is a bank account?It is an account in bank where money deposited, and it can be withdrawn by check or passbook and bank gives interest on deposit. A bank provides Current, Savings, Fixed Deposit Accounts, Recurring Deposits facilities.
It is better for Jana to choose account b as the minimun balance required is $250, and it charges 0 for ABC bank ATMs and check writing limit is more, i.e. 12/ month.
Therefore, Jana should choose account b.
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Answer:
account b
Explanation:
Deb and Eve are partners in Foundations, a construction outfit. Deb manages the business. For this service, unless the partnership agreement states otherwise, she is entitled to pay in proportion to her a) effect on the business. b) effort. c) capital contribution. d) none of the choices
Answers
Correct answer is D.
A partnership settlement is a felony file that dictates how a small for-profit business will function below two or greater people.
The agreement lays out the duties of each partner in the business, how a whole lot of the enterprise each partner owns, and how lots profit and loss each accomplice is accountable for.
What is partnership state its features?A partnership is a form of business the place a formal settlement between two or extra human beings is made who agree to be the co-owners, distribute obligations for walking an agency and share the earnings or losses that the enterprise generates.
What is partnership kingdom any two rules?In a time-honored partnership, all parties share felony and economic legal responsibility equally. The men and women are personally responsible for the debts the partnership takes on. Profits are also shared equally. The specifics of profit sharing will almost definitely be laid out in writing in a partnership agreement.
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https://brainly.com/question/994016#SPJ4What is the act of gathering information relative to a company's action and the factors that affect the space in which the company operates?
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When you miss payments on a loan, creditors:
A. can charge excessively high interest on other customers to make
up the difference.
B. must accept the loss as simply part of doing business.
C. have the right to take measures to get their money back.
D. must declare bankruptcy on the loan, which damages their credit
score.
Answers
Answer:
C.
Explanation:
It's obviously not A, because that would lead to a corrupt society. It's not B either, because no one would pay if that were a policy, and it wouldn't be any different than giving out money for free.
C is correct. If a debtor misses payments on a loan, the creditor has the right to transfer the amount due plus interest to the next given payment. The next given payment will cost the debtor the amount due previously, plus interest (for being late), and the amount due that month.
For example, a debtor makes monthly payments of $1,000 to their creditor. If the debtor misses this month's payment (which equates to $1,000), the creditor has the right to move the amount due plus interest to next January.
Generally speaking, interest should be around 10% annually and broken down into monthly charges. So the annual interest rate would be $100, which makes the monthly interest rate $8.33. Next January, the debtor would pay the amount due previously ($1,000), plus interest ($8.33), and the amount due that month ($1,000).
The debtor will need to pay $2008.33 in January.
A lot of people might mistake D as the correct answer, but creditors don't have to declare bankruptcy.
The correct option is C. When you miss payments on a loan, creditors have the right to take measures to get their money back. Normally, the creditor will get in touch with you and let the credit bureaus know about the default.
Who is a creditor?A creditor is a company that extends credit, allowing another company to borrow money that will eventually be repaid. A company that offers goods or services but does not request payment upfront is also considered a creditor because the customer owes the company money for work already completed.
A creditor has a range of alternatives available to it to induce payment if you miss a payment or are unable to pay a debt, including using collection firms. Inability to pay a debt can still have negative effects, such as ruined credit scores and lawsuits, even though debtor's prison is a thing of the past.
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What is a stock symbol?
Answers
Answer:
A stock symbol is an arrangement of characters—usually letters—representing publicly-traded securities on an exchange. When a company issues securities to the public marketplace, it selects an available symbol for its shares, often related to the company name.
Explanation:
How do you make personal choices between satisfying your wants and your needs?
Answers
list two examples of items that could be used as collateral for a secured loan.
Answers
The list two examples of items that could be used as collateral for a secured loan are cash in a savings account, a car, or even a home.
What is account?The entry of a transaction in a financial statement is referred to as a “account.” The account has been updated to reflect the debit and credit transactions. Assets, liabilities, revenue, equity, and expenses are all types of financial activity. This means the loan is guaranteed by something you own.
A secured collateral loan requires the borrower to use their assets as collateral (such as a car, house, or savings account) to "secure" the loan. In summary, secured loans necessitate collateral, but personal loan do not. The collateral is a pledge to the lender that if the borrowers fails to repay the loan, the lender would be able to repossess the asset.
As a result, the list of two examples of items that could be used as collateral for a secured loan are cash in a savings account, a car, or even a home.
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what’s one category you wish fewer taxes were spent on? why?
Answers
I wish less tax money went toward healthcare. While everyone's health is important, I believe there are other social issues that are more pressing and need attention, such as the federal debt or veterans' benefits.
What exactly is a tax?We engage in financial transactions every day, and taxes play a significant role in those transactions. A portion of the money we spend goes into maintaining the area in which we live, whether it is on groceries, a home, or gas.
Taxes are sums of money that an individual or organization must pay to tax bodies to support public spending. Without expecting anything in particular in return, taxpayers pay taxes in accordance with national tax regulations. Taxes are used by governments to fund internal operations, new infrastructure, public health, education, and security.
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1. In the field of personal selling, the temptation to engage in
unethical conduct is always present. Identify four types of
temptations experienced by sales personnel. (Minimum 50 words)
Answer:
Answers
In the field of personal selling, sales personnel may face various temptations that can lead to unethical conduct. Four types of temptations commonly experienced by sales personnel are misrepresentation, pressure to meet targets, incentives and commissions, and confidentiality breaches.
Salespeople may be tempted to misrepresent or exaggerate the features, benefits, or performance of a product or service in order to make a sale. This could involve making false claims or withholding important information from customers.
Sales targets and quotas can create pressure on sales personnel to achieve their goals. This pressure may lead them to engage in unethical practices such as pressuring customers into purchasing products they don't need or manipulating sales data to meet targets.
The desire for higher commissions or incentives can tempt sales personnel to prioritize their own financial gain over the best interests of the customers. They may be inclined to push customers towards more expensive options or upsell unnecessary add-ons.
Sales personnel may have access to sensitive customer information, such as personal details or financial data. The temptation to misuse or disclose this information for personal gain or to gain competitive advantage can arise, leading to ethical breaches.
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A firm has a debt-to-equity ratio of 1.75. If it had no debt, its cost equity would be 9%. Its cost of debt is 7%. What is its cost of equity if the corporate tax rate is 50%?
Answers
Cost of Equity = Cost of Debt + (Cost of Debt - Tax Rate) * (Debt-to-Equity Ratio)
Cost of Debt = 7% (given)
Tax Rate = 50% (given)
Debt-to-Equity Ratio = 1.75 (given)
Cost of Equity (without debt) = 9% (given)
Cost of Equity = 7% + (7% - 50%) * 1.75
Cost of Equity = 7% + (-43%) * 1.75
Cost of Equity = 7% - 75.25%
Cost of Equity = -68.25%
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if a country's largest city has 1,000,000 inhabitants and the second largest city has 200,000 inhabitants, the country follows what distribution?
Answers
If a country's largest city has 1,000,000 inhabitants and the second largest city has 200,000 inhabitants, the country follows a highly skewed distribution.
Skewness refers to the extent to which a dataset is asymmetrical. In this case, the distribution is highly skewed because the difference between the largest city and the second-largest city is enormous.
A distribution is said to be skewed if one tail is longer than the other. When the tail is longer on the positive side, the distribution is said to be positively skewed. Conversely, when the tail is longer on the negative side, the distribution is said to be negatively skewed. In this case, the distribution is positively skewed because the tail is longer on the right-hand side.
Skewed distributions are common in real-world datasets, and they are especially common when the dataset contains extreme values or outliers. In this case, the largest city is an extreme value that is significantly larger than the other values in the dataset. The second largest city is still large, but it is relatively small compared to the largest city.
In conclusion, if a country's largest city has 1,000,000 inhabitants and the second largest city has 200,000 inhabitants, the country follows a highly skewed distribution, which is positively skewed.
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The country follows a highly skewed distribution known as a "Pareto distribution," where a small number of cities hold the majority of the population.
Pareto distributions are characterized by a heavy tail, which means that a few observations have very high values compared to the rest. In this case, the largest city has five times the population of the second-largest city, which is a significant difference. Pareto distributions are commonly observed in many social and economic phenomena, such as income and wealth distribution, city populations, and even the popularity of websites.
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A job search should be treated like a full time job.
Please select the best answer from the choices provided
ОТ
OF
Answers
Answer:
The answer is True.
Explanation:
Got it correct on Edgen.
Answer:
true
Explanation:
What happens if you still have a balance on your credit card AFTER the company starts charging you interest?
A: The bank will make your interest payments for you
B: The bank will extend the 0% APR so you don't pay interest
C: The bank will offer you a 0% so they make no money off you
D: The bank will make money from the interest fees you pay
Answers
My reasoning is because banks will always make money of your interest and debt someway. This includes every bank in the world, it’s how banks can afford to stay open and hire employees.
Hope this helps have a nice day :)
This permission-based email communication requires customers to verify the __________ method before their e-mail addresses can be used to communicate with them.
Answers
This permission-based email communication requires customers to verify the Opt-in method before their e-mail addresses can be used to communicate with them.
Email, in complete digital mail, messages transmitted and acquired with the aid of using virtual computer systems thru a community. An email machine lets in laptop customers on a community to ship text, graphics, sounds, and lively photos to different customers.
email communication is a way of changing messages among human beings through the use of digital devices. Email became therefore conceived because of the digital model of, or counterpart to, mail, at a time when "mail" intended handiest bodily mail. An email is a machine for sending written messages electronically from one laptop to another. Email is an abbreviation of 'digital mail'.
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which logical fallacy presents an unqualified person or institution as a source of credible information?
Answers
The logical fallacy that presents an unqualified person or institution as a source of credible information is known as an Appeal to False Authority.
An Appeal to False Authority is a logical fallacy where an argument relies on the testimony or endorsement of an individual or institution that lacks the necessary expertise or credibility in the relevant field. In this fallacy, the person or institution is presented as an authority figure, despite not having the qualifications or knowledge to support their claims. This fallacy attempts to persuade others by using the perceived credibility or prestige of the individual or institution, rather than relying on valid evidence or sound reasoning.
Using an unqualified person or institution as a source of credible information is misleading and can undermine the integrity of an argument or claim. It is important to critically evaluate the qualifications, expertise, and track record of the sources of information to ensure that they are reliable and trustworthy. Relying on false authorities can lead to erroneous conclusions and weaken the overall validity of an argument.
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a firm had after-tax income last year of $3.0 million. its depreciation expenses were $0.2 million, and its total cash flow was $3.0 million. what happened to net working capital during the year?
Answers
The company's total cash flow for the year was $3 Million as opposed to $3.2 Million. It implies a cash outflow brought on by an increase in working capital requirements.
The difference between a company's current assets and current liabilities is its net working capital. Working capital management is crucial for a company's daily operations, and growing working capital needs have a detrimental impact on a company's cash flow.
Net Income = $3.0 Million
Depreciation = $0.2 Million
Total Cash Flow = $3.0 Million
Based solely on these two figures, we can estimate the company's operating cash flow as follows:
Operating Cash Flow = Net income + Depreciation
OCF = $3 + $0.2 = $3.2
Therefore, Operating Cash Flow = $3.2 Million
Because depreciation is a non-cash item, it has been added back to the income statement.
However, rather than $3.2 million, the company's overall cash flow for the year was $3.0 million. It suggests a cash outflow brought on by a rise in the need for working capital.
Net Working Capital Growth = 3.2 - 3.0 = 0.2
Gain in Net Working Capital = $0.2 Million
Notably, the cash flow also takes changes in working capital into account in addition to adjusting for non-cash and non-recurring expenses. The working capital requirements rise and the cash flows decrease. As an illustration, a rise in receivables or inventories reduces cash flow and raises the need for working capital.
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Give a proper definition of money.
Answers
Answer:
Money is an economic unit that functions as a generally recognized medium of exchange for transactional purposes in an economy. Money provides the service of reducing transaction costs, namely the double coincidence of wants. Money originates in the form of a commodity, having a physical property to be adopted by market participants as a medium of exchange. Money can be: market-determined, officially issued legal tender or fiat money, money substitutes, and fiduciary media, and electronic cryptocurrencies.
Explanation:
Fixed expenses are expenses that do not change from month to month, and variable expenses
are expenses that can fluctuate from month to month. Complete the second column of the
chart by determining if each expense is fixed or variable. (10 points - 2 points each)
Answers
Housing expense is a fixed expense, Food expense is a variable expense, Insurance and medical expense are variable expenses, Entertainment expense is variable expense and Savings for retirement expense is also a variable expense.
What do you mean by the fixed expenses and variable expenses?Fixed expenses are those expenses, which remain constant in each month. Some of the fixed expenses are monthly rent, insurance premium etc.
Variable expenses are those expenses, which can be changed. It is unpredictable such as repairs, medical expenses etc.
Fixed expenses generally remain the same each month.
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What is legal citizenship defined as
Answers
Answer:
does this help?
Explanation:
Citizenship is defined in the first clause of the first section of the Fourteenth Amendment as: All persons born or naturalized in the United States, and subject to the jurisdiction thereof, are citizens of the United States and the State wherein they reside.
Profit is revenue minus expenses. If your profit is $3,000 and your revenue is $50,000, what are your expenses?
Answers
An interest in or taking of land for its strategic location or products is called.
Answers
Answer:
Geopolitics
Explanation:
An interest in or taking of land for its strategic location or products is called geopolitics.
What is the rate of return when 15 shares of Stock A, purchased for $30/share, are sold for $500? The commission on the sale is $6. Rate of Return = [?] % Give your answer as a percent rounded to the nearest tenth.
Answers
In the given problem on rate of returns, rounding to the nearest tenth, the rate of return is approximately 1542.1%.
How to Calculate Rate of Returns?To calculate the rate of return, we need to determine the total cost of the investment (including commission) and the total proceeds from the sale of the shares (minus commission), and then calculate the percentage change between the two.
The total cost of the investment is:
15 shares x $30/share = $450
Commission on sale = $6
Total cost = $450 + $6 = $456
The total proceeds from the sale of the shares are:
15 shares x $500/share = $7,500
Commission on sale = $6
Total proceeds = $7,500 - $6 = $7,494
The profit on the investment is:
Total proceeds - Total cost = $7,494 - $456 = $7,038
The rate of return is then:
Profit / Total cost x 100% = $7,038 / $456 x 100% ≈ 1,542.1%
Rounding to the nearest tenth, the rate of return is approximately 1542.1%.
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Steve is staying at a hotel while on business in Chicago, but he forgot to bring his ties. Who would he most likely turn to for assistance?.
Answers
Answer:
Steve
Explanation:
because he can get in contact with Steve while in the hotel
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3.A company sees that sales of its speakers have decreased over the past
120 days. Its most likely option is to first
design a market research plan
visit some stores selling the product
stop production of the product
lower prices and see what happens
Answers
Answer:
They company goes out of business?
Explanation:
The Peach Pit, a restaurant, has Net Income of $25,000, Sales of $55,000, Assets of $115,000, and no debt. What is their ROE?
1) 21.7%
2)4.29%
3) 2.17%
4) 42.9%
Answers
The Return on Equity of The Peach Pit is 21.7%. The correct option is 1).
ROE, or Return on Equity, is a financial ratio that measures a company's profitability in relation to its shareholder equity. To calculate ROE, the company's net income is divided by its shareholder equity.
In this case, The Peach Pit's ROE can be calculated as follows:
ROE = Net Income / Shareholder Equity
ROE = Net Income / Assets (since there is no debt)
ROE = $25,000 / $115,000
ROE = 0.217 or 21.7%
Therefore, the correct answer is 1) 21.7%. This indicates that The Peach Pit generated a return of 21.7% on each dollar of shareholder equity. This is a positive sign as it shows the company is effectively utilizing its resources to generate profits for its shareholders.
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as bart brownlee approached retirement, he decided the time had come to invest some of his nest egg in a conservative fund. he chose the franklin utilities fund. if he invests $75,000 and the fund charges a load of 4.50 percent when shares are purchased, what is the amount of commission (load) bart must pay?
Answers
The amount of commission Bart must pay is $1275.
What is a commission?The payment for goods or services sold in form of commissions is a type of variable pay. Salesperson motivation and reward frequently involve commissions. Incentives like commissions might be used to promote the particular sales techniques. When offering the substantial reductions, for instance, commissions might be cut. Alternatively, commissions could go up when a company sells a certain product it wishes to advertise. A sales incentive program, which may comprise one or more commission plans, is often the structure within which commissions are administered. The principal-agent problem is often solved by businesses by calculating payments as a proportion of revenue in an effort to better align employee interests with those of the business. Other models, such profit-based or bonus-based approaches, are also viable in addition to percentage-based models.
The computation of amount of commission for paying
= Invested amount × fund charges load percentage
= $30,000 × 4.25%
= $1,275
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According to the graph above, if the price of coffee falls while the consumer is in equilibrium at point a, which of the following will occur?
a) The indifference curve shifts to the right
b) Consumer balance does not change.
c) The budget line shifts. to the right only on the horizontal axis.
d) The consumer can buy more shoes with all of his income.
Answers
What is the organization culture of Germany and how
employees learn and utilize them?
(15 marks)
(hints for headings
Characteristics:
1.Innovation and risk taking
2.Attention to detail
3.Outcome orien
Answers
The organizational culture of Germany is characterized by a variety of characteristics. These characteristics have to do with innovation, risk-taking, attention to detail, and outcome orientation. Furthermore, employees in Germany learn and utilize these characteristics in a variety of ways.
Innovation and risk-taking: Innovation and risk-taking are two of the most important characteristics of organizational culture in Germany. This is because German organizations tend to be very innovative and willing to take risks. This means that employees are encouraged to think outside the box and come up with new and innovative ideas. Additionally, employees are encouraged to take risks and try new things, even if they may fail.Attention to detail: Another important characteristic of organizational culture in Germany is attention to detail. This means that employees are expected to pay close attention to the details of their work. They are expected to be thorough and precise in everything that they do. Additionally, employees are expected to be meticulous in their work, which helps to ensure that errors are minimized and that work is completed to a high standard.Outcome orientation: Finally, organizational culture in Germany is characterized by an outcome orientation. This means that employees are expected to focus on achieving results and getting things done. They are expected to be goal-oriented and to work towards achieving specific outcomes. Additionally, employees are encouraged to be results-driven and to measure their success based on the outcomes that they achieve. In conclusion, the organizational culture of Germany is characterized by a variety of characteristics. These characteristics include innovation, risk-taking, attention to detail, and outcome orientation. Furthermore, employees in Germany learn and utilize these characteristics in a variety of ways.You can learn more about the organizational culture at: https://brainly.com/question/6332856
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HELP ASAP I NEED TO TURN IT IN RN (Econ) idk if the answer is A I accidentally clicked it
Answers
Answer:
C is S1.
Explanation:
A driver who is convicted of DWI will lose his or her driving privileges for at least ________ for a third offense.
Answers
Answer:
If you are convicted of driving after illegally consuming alcohol and were found to have a BAC of 0.02 and less than 0.08, the court penalty will include a suspension of your driving privilege for one year from the date of conviction, and a minimum mandatory fine of $500, or the requirement that you complete at least ...