Describe an internal control that would prevent the payment of insurance premiums on an auto mobile the
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 70% (17 reviews)
Perform an annual physical inventory of fixed assets and adjust ...View the full answer
Answered By
Joseph Mwaura
I have been teaching college students in various subjects for 9 years now. Besides, I have been tutoring online with several tutoring companies from 2010 to date. The 9 years of experience as a tutor has enabled me to develop multiple tutoring skills and see thousands of students excel in their education and in life after school which gives me much pleasure. I have assisted students in essay writing and in doing academic research and this has helped me be well versed with the various writing styles such as APA, MLA, Chicago/ Turabian, Harvard. I am always ready to handle work at any hour and in any way as students specify. In my tutoring journey, excellence has always been my guiding standard.
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
Describe an internal control that would prevent an employee from removing a computer and then reporting it as scrapped.
-
Describe an internal control that would prevent the charging of depreciation expense to the maintenance department for a sweeper that is now located in and used by the engineering department.
-
Describe an internal control that would prevent the acquisition of office equipment that the firm does not need.
-
Consider a corporate bond with a 10.5% coupon rate, paid semi-annually, $1000 par value and a current market price of $766.70. It matures in exactly 20 years. What is the yield to maturity (YTM) on...
-
Refer to Example 12 where n = 5000 and proportion .78 of the students sometimes use cell phones while driving. Conduce a test of hypotheses, of size .05, with the intent of establishing that the...
-
1. Relate the material in this case to the value chain and the value delivery system. 2. Are services related to physical accommodations typically considered as expected customer services or...
-
Do you believe U.S. military contracts with Boeing amount to subsidies? Have these types of payments provided Boeing with unfair advantages? Justify your answer. LO.1
-
From your answers on the diversity questionnaire in Table 17.2, what competencies might you need to develop to increase your diversity competency? What action steps do you plan to take? How will...
-
Sanctuary Fencing Inc. opened on October 1, 2020. The following events and transactions occurred during the month of October Drag and drop to prepare the necessary journal entries to record the...
-
The following bivariate data on age (in years) and gender were obtained from the students in a freshman calculus course. The data show, for example, that the first student on the list is 21 years old...
-
Which department performs the formal record-keeping function for fixed assets?
-
Define the conversion cycle.
-
The rectangular coordinates of a point are given. Find polar coordinates for the point. (0, 2)
-
You are an external auditor in a firm that undertakes the audit of Canadian Life and Mutual (CLM), a large, Montreal-based financial institution. CLM relies heavily on its computer-based information...
-
You need to temporarily increase the feed rate to an existing column without flooding. Since the column is now operating at about \(90 \%\) of flooding, you must vary some operating parameter. The...
-
Consider, again, the clothing data set. Obtain the three summary plots of the sample cross-correlations for lags 1 to 21.
-
Based on the dangling-else discussion in Exercise 3.27, modify the following code to produce the output shown. Use proper indentation techniques. You must not make any additional changes other than...
-
Consider the random process \(U(t)=A\), where \(A\) is a random variable uniformly distributed on \((-1,1)\). (a) Sketch some sample functions of this process. (b) Find the time autocorrelation...
-
The accountant for Laura Edwards, Attorney, Professional Corporation (P.C.), has posted adjusting entries (a) through (e) to the accounts at December 31, 19X2. All the revenue, expense, and...
-
The swap spread is the difference between the swap rate and the equivalent-maturity Treasury bond yield. Explain why a widening swap spread may be a signal of deteriorating economic conditions. Plot...
-
What do you call the closing sentence of a wellwritten paragraph? What is it used for?
-
What are the modules in the baseline accounting system model? Discuss the purposes and transactions associated with each module.
-
What elements of a database do you see when you look at a spreadsheet worksheet? Discuss how the features of a spreadsheet and a database are similar and how they are different.
-
Discuss the significance of information technology to the accounting professional.
-
Suppose I have computed the cost of carbon per mile for my car at 0 . 0 1 2 per mile. Assume that the interest rate is 4 % and that I drive the car 2 8 , 0 0 0 miles per year. What is the present...
-
Imagine that in stable growth period, the firm earns ROIC of 10% and has after tax EBIT of 200 and reinvestment $ of 40. What is the steady state growth rate? 20% O 10% 2%
-
Tanner-UNF Corporation acquired as a long-term investment $160 million of 5.0% bonds, dated July 1, on July 1, 2021. Company management has the positive intent and ability to hold the bonds until...
Study smarter with the SolutionInn App