Answer:
a) true
Explanation:
Internal control system is the whole system of control financial and otherwise established by management in order to carry on the business of the enterprise in an efficient and orderly manner and to secure the integrity of the records and books of accounts.
The internal control is a management control tools used to ensure efficiency in operations.
B. The US government
C. American voters
D. Shareholders
Shareholders decides who sits on the board of directors of a corporation
A shareholder, also referred to as a stockholder, is a person, company, or institution that owns at least one share of a company's stock, known as equity. Because shareholders essentially own the company, they reap the benefits of a business's success. These rewards come in the form of increased stock valuations or financial profits distributed as dividends.
Roles of a Shareholder
1. Brainstorming and deciding the powers they will bestow upon the company’s directors, including appointing and removing them from office
2. Making decisions on instances the directors have no power over, including making changes to the company’s constitution
3. Checking and making approvals of the financial statements of the company
Types of Shareholders
Common shareholders are those that own a company’s common stock. They are the more prevalent type of stockholders and they have the right to vote on matters concerning the company.
Preferred shareholders are more rare. Unlike common shareholders, they own a share of the company’s preferred stock and have no voting rights or any say in the way the company is managed. Instead, they are entitled to a fixed amount of annual dividend, which they will receive before the common shareholders are paid their part.
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Answer: Product-differentiation
Explanation: Product-differentiation strategy is a marketing technique that seeks to differentiate an organization’s commodity or services from the rivalry in business. It includes finding out and relaying of the peculiar characteristics of a business’s donations while bringing out the differences between those donations and others on demand. However, it goes together with improving a strong significance recommendation to make a commodity or service desirable to marked consumers.
Answer:
B) $1,600
Explanation:
The ending cash surrender = total premiums paid - total amount charged to insurance expense = ($2,000 x 4 years) - ($2,000 + $1,800 + $1,500 + $1,100) = $8,000 - $6,400 = $1,600
In this case, a larger portion of the premiums paid are allocated to investments related to the life insurance.
Answer: unemployment rate and the inflation rate.
Explanation:
The Phillips curve shows the relationship that exists between inflation and unemployment rates. The short-run Phillips curve looks like an L-shape and it reflects the inverse relationship between the two variables i.e unemployment and inflation.
As unemployment rates rises, inflation reduces and as unemployment rates reduces, inflation increases. A reduction in the aggregate supply will lead to a rightward shift the short run Phillips Curve.
The short-run Phillips curve shows the inverse relationship in economics between the rates of inflation and unemployment. When inflation rises, so does unemployment, and vice versa. This relationship is typically observed in short-term scenarios, as long-term factors can affect this balance.
The short-run Phillips curve in economics demonstrates an inverse relationship between the rate of inflation and the rate of unemployment. To put it simply, as the rate of inflation increases, the rate of unemployment decreases, and vice versa. This relationship is largely observed in short-term scenarios because, in the long run, other economic factors come into play that can tilt this balance.
For example, if a country experiences a higher rate of inflation, businesses are more likely to make profits, which can then be used to hire more employees, leading to a decrease in the unemployment rate. Conversely, when the rate of inflation decreases, businesses may cut jobs resulting in an increased unemployment rate.
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The journal entry is accurately recorded to capture the sale of goods to Rajesh, the cash received through the cheque payment, and the remaining accounts receivable balance.
When goods are sold to Rajesh for Rs 8000, the sales revenue increases. On the debit side, Rajesh's account is debited with Rs 8000 as he owes the business. On the credit side, the Sales account is credited to record the revenue generated from the sale.
Since Rajesh paid Rs 5000 immediately by cheque, the Bank account is debited with Rs 5000 as the business receives cash. Simultaneously, the Accounts Receivable account is credited with Rs 3000, representing the remaining amount that Rajesh still owes.
This journal entry correctly represents the sale, the cash received, and the remaining accounts receivable balance resulting from the transaction with Rajesh. This showcases the proper accounting of the transaction within the business's financial records.
Complete Question:Pass journal entry Goods sold to Rajesh for rs 8000. He paid ruppees 5000 by cheque immediately? Explain.
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