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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Answer:
The answer is: A) Which course of action maximizes my net benefits.
Explanation:
Traditional way of reasoning (or practical reasoning) varies from moral reasoning in that they aim to maximize one’s happiness while moral reasoning aims a maximizing everyone´s happiness (the community, country or humankind as a whole).
Maximizing my net profits would be an example of maximizing my own happiness. Therefore it should be considered practical reasoning. That doesn´t mean it is bad or unmoral, it is selfish but there is nothing wrong with it. It just doesn´t aim at maximizing everyone´s happiness.
Answer:
happiness , kindness ,weltheness
Capital is the term for money or wealth used to invest in a business or enterprise. It can come in various forms, including financial resources, assets, or human capital.
The money or wealth used to invest in a business or enterprise is referred to as capital. Capital can come in various forms such as financial resources, including money from investors or profits from the business itself, assets like machinery or buildings, or human capital such as the skills and knowledge of employees.
This is a vital element for the establishment and growth of any business as it can be used to buy needed resources, hire employees, or invest in marketing and product development.
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savings and loan associations are not subject to fedreal regulations.
Answer:
2021 = $1,240
2022 = $3,720
Explanation:
Depreciation is basically a decrease in useful life of an asset and it can be calculated by using the following formula:
Depreciation = Cost - Residual Value/Estimated useful life
Per year Depreciation = ($43,000 - $5,800)/10 = $3,720
For 2021
As the asset is purchased on September 1, 2021 so only four months depreciation needs to be charged which is as under.
Depreciation = $ 3,720 * 4/12 = $1,240
2022 = $3,720
For 2022 full twelve months depreciation needs to be charged even if the asset is idle so the total depreciation expense would be $3720
When a food safety inspector enters your establishment you should make sure everyone in your establishment is doing their job and protected up to code. When a food safety inspector comes to your workplace they are making sure that everything leaving and entering the kitchen is up to code. Their main goal is to make sure that health codes are being follow to ensure the food and kitchen items remain clean to keep patrons healthy and the food they eat at or above standard.
When a food safety inspector enters your establishment, it is crucial to remain calm, cooperative, and transparent.
Greet the inspector politely and identify yourself as the responsibleperson for the establishment. Offer to assist the inspector during the inspection, providing access to all required areas, documents, and records. Answer any questions truthfully and provide any necessary information about food handling practices, storage, and safety procedures. Address any identified issues promptly and work collaboratively with the inspector to rectify any deficiencies. Maintaining a positive and proactive attitude demonstrates your commitment to food safety, compliance, and the well-being of your customers, ensuring a smooth and constructive inspection process.
To know more about food safety :
brainly.com/question/16477224
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