29) The custodian of a company asset shoulda. have access to the accounting record for that asset
b. be someone outside the company
c. not have access to the accounting record for that asset
d. be an accountant
Answers
A company custodian is a financial institution responsible for the customer’s security for safekeeping to minimize the risk of their loss or theft. The custodian also holds securities and other electronic or physical form of assets.
Final answer:
The custodian of a company asset should not have access to the accounting record for that asset. This principle, named segregation of duties, is a significant aspect of financial management and internal control. It helps reduce the risk of asset misappropriation or fraud.
Explanation:
The custodian of a company asset, often an employee assigned to safeguard and maintain company assets, should c. not have access to the accounting record for that asset. This is because separating the duties of asset custody or physical control from those involving accounting, record keeping, or financial reporting is a key internal control measure to prevent asset misappropriation or fraud. This concept, known as segregation of duties, is paramount in financial management and internal control systems to ensure accuracy and reliability of reports and preclude any one person from controlling all aspects of a transaction, thus reducing the risk of error or fraud.
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Since the mid-1980s, the __________ has generated the least amount of increases in employment in the United States.a. manufacturing sector b. agricultural sector c. service sector d. goods producing sector
Answers
Answer:
Accumulated depreciation after 3 years = $15,780
Explanation:
Purchase price of the asset = $27,000
Freight charges paid = $500 will be added to cost as this is necessary to bring the asset in for functioning.
Paint of company's logo = $700 will not be added as is not essential for functioning of asset, and does not increase future economic benefits.
Therefore, net cost = $27,000 + $500 = $27,500
Salvage value = $1,200
Amount to be depreciated = $27,500 - $1,200 = $26,300
Useful life = 5 Years
Depreciation each year as per straight line = $26,300/5 = $5,260
Accumulated depreciation after 3 years = $5,260 3 = $15,780
Answers
a. ability to learn something new
b. potential career choice
c. basic workplace skills
d. work environment
Answer:
b. potential career choice
Explanation:
The believes that people have about themselves, the way in which they behave and the form in which they absorb, process and retain the information helps to establish the skills people have and the things that interested them which affects the career that they may follow as it would be related to what they feel they can do and that make them feel confortable. Because of that, the answer is that your self-concept, personality type, and learning styles all affect your portential career choice.
Answers
b. equity capital
c. franchise
d. liability
State or federal codes that specifically apply to businesses are called:
a. franchise law
b. patent law
c. business law
d. tax law
Answers
2)B, i think... not sure
Answers
Banks operating on the basis of fractional reserve banking are vulnerable to panics or runs. Fractional reserve banking refers to the practice of banks holding only a fraction of their deposits as reserves and lending out the rest.
This system allows banks to make profits by charging interest on loans, but it also means that banks have a limited amount of cash available to meet the demands of depositors who wish to withdraw their funds.
In the event of a panic or run on the bank, where many depositors try to withdraw their funds at once, the bank may not have enough reserves to meet these demands and may be forced to close.
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Answers
Answer:
63/100
Explanation:
we just multiply them by 100/100