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2 years ago

Increasing the effectiveness of internal controls would have the greatest effect on

1 answer:

7 0

Increasing the effectiveness of internal controls would have the greatest effect on r<span>educing the control risk.</span>
The risk control includes evaluation of potential losses and actions to reduce or eliminate risks. The potential risk factors in a firm's operations are identified (technical and non-technical aspects of the business, financial policies, and other policies).

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Globalization has changed the nature of work. To communicate effectively in a global marketplace, you must understand the basic

Dennis_Churaev [7]

Answer: The correct answer is "d. Power distance".

Explanation: In this case the power distance dimension is described as it deals with the social status relationships between superiors and subordinates.

power distance refers to the relationship between those in power and subordinates in a society where individuals of lower rank, depending on the culture of high or low power distance, react to that authority.

In this particular case, the relationship of power is of low distance since the participation of subordinates is tolerated and even encouraged.

7 0

2 years ago

On January 2, 2018, Hernandez, Inc. signed a 10-year noncancelable lease for a heavy duty drill press. The lease stipulated annu

alex41 [277]

Answer:

The below additional piece of information is missing from the question:

In its 2018 income statement, what amount of interest expense should Hernandez report from this lease transaction?

The interest expense for 2018 is $150,000

Explanation:

Interest expense for 2018 is the implicit interest 10% multiplied by the difference present value of $1,800,000 minus annual payment of $300,000.

In order to compute the interest expense,the annual payment must be deducted first since the annual payment was made at the start of the year,hence interest is only due on the net amount of $1,500,000($1,800,000-$300,000).

Interest expense=$1,500,000*10%=$150,000

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2 years ago

Kathy wants to buy a condominium selling for $95 comma 000. The taxes on the property are $1500 per year, and homeowners' in

kumpel [21]

Answer:

Check the answers below!

Explanation:

There is just one question despite the exercise requires completition of 7 additional numerals.

a. Required down payment = Price of the condominium * interest rate required by the bank.

$95.000 * 20% = $19.000

b. 28% of adjusted monthly income is:

(5000-145)*28%=

1359.4

c. Monthly payments of principal and interest for a 25-year loan.

Using PV of ordinary annuity formula,

with PV of the bank loan =96000*80%=76800

d.Total monthly payment=

671+((346+1400)/12)=

817

e.YES---- 817 < 1359.4

f. Amt. of First payment on the loan applied to the principal:

671-(76800*0.00792)=

62.74

ie.$ 63

g.Total amount she pays for the condominium with a 25-year conventional loan(without including taxes & homeowners' insurance)

671*12 mths. *25 yrs. =

201300

h) So, Total interest paid for the 25-year loan:

201300-76800=

124500

No.of periods=25*12=300

at monthly interest of 9.5%/12=

76800=Pmt.*(1-1.00792^-300)/0.00792

Solving the above, we get the monthly payment as 671

5 0

2 years ago

Identify a difference between the crisis stage and the dissolution stage of organizational decline. Select one: a. In the crisis

pentagon [3]

Answer: c. Decline is reversible at the crisis stage, whereas it is irreversible at the dissolution stage.

Explanation: Crisis Stage; at this stage decline is still reversible if the

organisation reorganizes it ways of operations or conducting business. What they can do at this point is to carryout cutbacks and layoffs which would help reduce it's financial burden and create additional capital to run the business. At the dissolution stage nothing can be done anymore to salvage the company as it would have run into bankruptcy and would need to fold up.

7 0

2 years ago

Read 2 more answers

Treasury Stock Pomona Corporation issued 60,000 shares of $3 par value common stock at $21 per share and 9,000 shares of $30 par

In-s [12.5K]

Answer:

Issuance

Common Stock

Dr. Cash $1,260,000

Cr. Common Stock $180,000

Cr. Paid-in-Capital excess of par common stock $1,080,000

Preferred Stock

Dr. Cash $765,000

Cr. Preferred Stock $270,000

Cr. Paid-in-Capital excess of par Preferred stock $495,000

Treasury Stock Purchase

Dr. Treasury Stock $46,000

Cr. Cash $46,000

Explanation:

Common Shares are issued at a specified price, we need to record the par value of the share in common stock account and The value excess of par in the Paid-in-Capital Excess of par common stock separately.

Issuance of 60,000 shares

Par value = $60,000 x 3 = $180,000

Excess of par value = ($21 - $3 ) x 60,000 = $1,080,000

Preferred stock has also recorded same as the common but in different accounts

Par Value = 9,000 x $30 = $270,000

Excess of par value = ($85 - $30) x 9,000 = $495,000

Treasury stocks are the company's own shares which is repurchased by the company. It is recorded in treasury shares account which is an contra equity account. I can be reissued or cancelled by the company.

Purchase of Treasury Stock

Treasury Stock = 2,000 x $23 = $46,000

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2 years ago