The person or business named on the check to receive the money is called the payee. The payee is an individual or a company to whom the check is payable. The payee is the party who will receive payment thru check.
B) The rate remains the same, even if income increases or decreases.
C) The rate decreases as income increases.
D) The rate decreases as income decreases.
The correct answer is
B- The rate remains the same, even if income increases or decreases.
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Answer:
$9 million
Explanation:
Gross domestic product is defined as the total monetary value of all goods and services produced by a country in a given period. It is used to measure the countries wealth and economic growth .
GDP can be calculated based on expenditure, production, or by income.
Types of GDP measurements include real GDP, nominal GDP, GDP growth rate, and GDP per capita.
Gross domestic product= Total output - intermediate goods in production {products from Canada}
Gross domestic product= 10 million- 1 million
Gross domestic product= $9 million
Answer:
9 million dollars
Explanation:
b. Deficit under BOT
c. Surplus under BOP
d. BOP crisis
effective and efficient operations.
compliance with applicable laws and regulations.
Internal control is designed to ensure all of the items described in the answers.
Answer:
Internal Control is designed to ensure all of the items described in the answer.
Explanation:
Internal control refers to the control measures adopted by an entity so as to ensure compliance with legal framework, check frauds and errors and for reliable financial reporting.
Compliance procedures are the processes designed to check whether internal controls exist in an organization and if they do, whether such controls are operating effectively.
For e.g biometric authentication with regard to attendance keeps a check on the number of employees actually working during a period and eliminates the possibility of dummy names in the attendance records. This is an example of internal control i.e control measures created by organization itself.
Internal control in a business context refers to the procedures set in place to ensure reliable financial reporting, efficient operations, and compliance with laws and regulations. These controls help in the smooth running of the business, providing accurate financial information, and abiding by legal requirements.
Internal control is a crucial concept in the domain of accounting and business. It refers to the procedures and methods implemented by a company to ensure the achievement of its objectives, which include - reliable financial reporting, efficient and effective operations, and compliance with relevant laws and regulations.
The procedures for reliable financial reporting involve making sure that financial records are accurate and complete. This is important for both internal decision-making and for providing trustworthy information to investors, creditors, and regulators.
Efficient and effective operations refer to the smooth running of the business without wastage of resources, while maximizing profits. Finally, compliance with laws and regulations refers to abiding by the legal and regulatory requirements imposed by government bodies and agencies on businesses.
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The example of aligning compensation with company performance is a major league baseball manager who is paid based on his team's winning percentage.
This is because the manager's success is directly tied to the team's success, which in turn, affects the financial performance of the team and the company as a whole.
By compensating the manager based on winning percentage, the company ensures that the manager has a strong incentive to make decisions that will benefit the team's performance, such as selecting the best players, making strategic moves during games, and fostering a positive team culture.
On the other hand, the other examples provided do not necessarily align compensation with company performance.
An hourly worker for a retail company who is paid for time spent working does not have a direct impact on the company's financial performance, as their compensation is not tied to the company's revenue or profitability.
A salesperson for a manufacturer who is paid a commission based on her individual sales may have some alignment with company performance, but it still depends on the salesperson's individual efforts rather than the overall success of the company.
Similarly, a program director for an event company who is compensated based on the number of participants in individual events he organizes may have some alignment with company performance, but it may not reflect the profitability of the company as a whole.
To know more about compensation refer here :
brainly.com/question/13755469#
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