Question 1(Multiple Choice Worth 5 points)
(01.04 MC)
The internal auditor is an important member of the accounting department who is responsible for
creating budgets for hiring new employees
obtaining sources of financing
O ensuring accounting information is accurate
reducing the amount of taxes owed. WILL GIVE BRAINLIEST

Answers

Answer 1

Answer: The internal auditor is an important member of the accounting department who is responsible for creating budgets for hiring new employees

Explanation: They investigate financial and professional records to ensure companies and their employees comply with laws and regulations, monitor risks, and evaluate internal controls

Answer 2

pls mark me brainliest ans

Explanation:

An internal auditor (IA) is a trained professional employed by companies to provide independent and objective evaluations of financial and operational business activities, including corporate governance. They are tasked with ensuring that companies comply with laws and regulations, follow proper procedures, and function as efficiently as possible.


Related Questions

An aaba form can be repeated to create a larger form; when b and a are repeated after the first aaba, it is called a:________

Answers

An AABA form can be repeated to create a larger form; when b and a are repeated after the first AABA, it is called a partial reprise.

What is a partial reprise?

Firstly, a reprise in music refers to when the opening material of the musical piece is repeated later in the same composition or reiterated. A partial form of this then exists when the repetition isn't as much.

This is why B and A being repeated after the first AABA and used to form a larger form is an example of a partial reprise.

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What term describes the hosting and management of multiple virtual desktops on network servers?

Answers

The correct answer is Virtual Desktop Infrastructure (VDI).

The desktop environment and related application software are separated from the physical client device used to access them thanks to a software technology called desktop virtualization.


How does VDI operate and what is it?

The process of creating and maintaining virtual desktops using virtual machines is known as virtual desktop infrastructure (VDI). VDI provides desktop environments on a centralized server and makes them available to end users upon request.

What distinguishes virtual desktop infrastructure (VDI) from VDI?

A VM is a virtualized computing environment that functions as a conventional physical computer and has its own CPU, memory, storage, and network interface. In contrast, VDI makes use of VMs to create and administer virtual desktops and applications.

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The texas election code requires that in even-numbered years, each texas political party must do what?

Answers

The Texas election code requires that in even-numbered years, each Texas political party must hold a biennial state convention to conduct party business.

What is Biennial State Convention ?

The ECCV presents a biennial conference that brings together top decision makers, academics, and grassroots services to discuss challenges affecting Victoria's migrant and refugee community.

The State Conference Planning Committee monitors the biennial event's delivery and is a collaborative effort between ECCV and our conference co-hosts, which are relevant to each subject. The ECCV chairperson chairs the planning committee.

There was no State Conference in 2020 due to COVID-19. The next conference is scheduled for late 2022.The Conference brought together key decision-makers, academics, and employment service providers to discuss the future of work in multicultural Victoria.

Panel discussions, presentations, and plenary sessions suggested strategies to improve knowledge and understanding of workplace diversity and inclusion.

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According to the bcg matrix, products or businesses with a high market share in a high-growth market are classified as ________. group of answer choices
A. dogs
B. question marks
C. cash cows
D. stars
E. heroes

Answers

Businesses with a high market share in a high-growth market are classified as stars. (Option d)

What are the BCG classifications?

A product is described as a question mark when a product is sold in a market that is growing rapidly and the products have a low market share.

A product is described as a star when it has a high market share and  high growth rate.

A product is described as a dog if it has a low growth rate and a low market share.

A product is described as a cash cow if it has a large market share but a low growth rate.

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As an initial transaction in a new margin account, a customer buys 100 shares of abc at $35. the customer must deposit?

Answers

As an initial transaction to a new margin account, a customer bought 100 shares of ABC at $35. So the customer must deposit $2,000.

Given,

Shares = 100

Price of 100 shares = $35

Here, the Regulation T requirement in order to buy $3,500 of stock in a long margin account is 50% ($3,500 × 50% = $1,750).

Thus, this is the initial transaction and so here the minimum equity in order to open an account is $2,000, so this amount should be deposited in the account.

Hence, the minimum equity in order to open a long margin account is $2,000.

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Sears sells batteries under its own diehard brand name even though another company actually produces these batteries. this is an example of?

Answers

Sears sells batteries which are under its own diehard brand name even though another company actually produces such batteries. This is an example of dealer or private brand.

A private brand is a good which is manufactured for and sold under the name of a specific retailer, which is thus competing with the other brand-name products in the market.

So here, Sears is said to have the best car batteries, which Sears sells under its own diehard brand name in the market, even though these batteries are actually produced by another company.

Hence, the retailer is said to control everything about the product or products in the market.

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The ______ of an organization consist of all those who can claim it as their legal property.

Answers

The owners of an organization consist of all those who can claim it as their legal property.

Who is an  owner?

An owner can be defined as someone who own something or someone whose something belongs to.

A person can tend to claim ownership of a property if the person is the real owner or when the property was legally transfer to the person which is called transfer of ownership.

Therefore the owners of an organization consist of all those who can claim it as their legal property.

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Suppose two countries produce the same two goods and have identical production possibilities frontiers. you would expect these countries:_____

Answers

Suppose two countries produce the same two goods and have identical production possibilities frontiers. you would expect these countries: not to trade because identical production possibilities frontiers would indicate that the two countries face the same opportunity costs, so there are no gains from trade.

What is the production possibility frontier?

This is the graph that is used to show the possible combination and the quantities of goods that they can produce when they combine two resources together.

Hence we can say that Suppose two countries produce the same two goods and have identical production possibilities frontiers. you would expect these countries: not to trade.

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The hurdles to success are higher and more complex in global markets than in domestic markets. such hurdles include:______.

Answers

The hurdles to success are higher and more complex in global markets than in domestic markets. Such hurdles include sociocultural forces. When developing and putting into practice a company's marketing strategy, it is crucial to take social and cultural issues into account. These frequently connected but slightly dissimilar aspects influence consumer and buyer decisions in a variety of ways.

The practices, ways of life, and values that make up a society are referred to as sociocultural factors. Aesthetics, education, language, law, politics, religion, social organizations, technology, material culture, values, and attitudes are only a few examples of cultural characteristics. Reference groups, families, roles, and status in society are examples of social factors. Small business owners need to be aware of and comprehend how these aspects relate to consumer behavior.

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If a pregnant woman is admitted to the emergency department in shock after an accident, the nurse would help relieve the effect of shock by:__________

Answers

If a pregnant woman is admitted to the emergency department in shock after an accident, then the nurse should place a pillow under her left hip as we all monitor fetal heart rate or contractions.

What are the major risks in pregnant women after an accident?

The major risks in pregnant women after an accident are associated with problems in fetal development, especially those involving heart problems which can be monitored by analyzing heart rate.

Moreover, a pillow under the left hip may be very useful in order to relax this zone when a woman is transported to the emergency department in shock after an accident.

In conclusion, if a pregnant woman is admitted to the emergency department in shock after an accident, then the nurse would help to relieve the effect of shock by placing a pillow under her left hip as we all monitor fetal heart rate or contractions.

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Private markets tend to underproduce the optimal quantity of public goods because of ________.

Answers

Private markets tend to underproduce the optimal quantity of public goods because of free riders.

What is free-rider problem?

When those who use resources, public goods (such public roads or hospitals), or services of a communal nature do not pay for them or pay too little, it is known as the "free-rider dilemma" in the social sciences. Free riders are a concern since they may still access or utilize the good while not paying for it (either directly through fees or tolls or indirectly through taxes). This means that the good could be misused, overproduced, or deteriorated. The presence of free-riders also causes this prosocial behavior to decline, continuing the free-rider dilemma, even if there is evidence that individuals are generally cooperative.

Therefore, Private markets tend to underproduce the optimal quantity of public goods because of free riders.

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Say a pill existed that made people selfless. after taking it they were only interested in others, not themselves. under the coordination definition of economics:______.

Answers

Say a pill existed that made people selfless. after taking it they are only interested in other people, not themselves. under the definition of economic coordination there will still be economic problems.

Economics can be defined as the study of how individuals, businesses and governments make choices in allocating resources to meet their needs. These groups determine how resources are and how they are organized and coordinated to achieve maximum results. Most of them are concerned with the production, distribution and consumption of goods and services.

The economy is divided into two important parts, namely: Macroeconomics & Microeconomics

Microeconomics can be defined as the study of decisions made by people and businesses regarding the allocation of resources and the prices of goods and services.Macroeconomics can be defined as a branch of economics that describes a substantial picture.

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Consider+a+t+bond+with+a+6%+semiannual+yield+and+a+clean+price+of+$1100.+number+of+days+since+last+coupon:+40+days+number+of+days+in+the+coupon+period:+184+days+calculate+the+bond+dirty+price.

Answers

The number of days in the coupon period 184 days calculate the bond dirty price is  $ 1106.52.

Which is a bond?

Bonds are fixed-income securities that reflect loans from investors to borrowers (typically corporate or governmental). A bond can be compared to an agreement outlining the terms of the loan and the associated payments between the lender and borrower.

Clean price =             Quoted price                     = 1100. 00

Accrued price =   1000* 6%* 1/2*40/184              =  6.52

Dirty price     =      clean price + accrued price    = 1100 + 6.52 =   $ 1106.52

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Communism exhibits all the characteristics of a ______ system.
a) laissez-faire
b) command
c) mixed market

Answers

c. mixed market

Explanation:

Comumis exhibits all the characteristics of mixed market system

Suppose that in october, market analysts predict that the price of platinum will fall in november. What happens in the platinum market in october, holding everything else constant?.

Answers

In the platinum market in October, the supply curve shifts to the right.

What happens in the market for platinum?

The supply curve shows the relationship between the quantity supplied and price. There is usually a positive relationship between price and the quantity supplied.

When there is a change in other factors other than the change in price of the good, the supply curve would move either outward or inward. Because it is expected that price would fall in November, sellers would want to make as much profit as they can now, so they would increase their supply in October. This would lead to a shift to the right of the supply curve.

On the other hand, the demand curve would shift to the left in October due to the negative relationship between price and demand.

 Here is the complete question:

Suppose that in October, market analysts predict that the price of platinum will fall in November. What happens in the platinum market in October, holding everything else constant

The quantity of platinum demanded and the quantity of platinum supplied both increase

The demand curve shifts to the right

The supply curve shifts to the left.

The supply curve shifts to the right.

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What would be the average tax rate for a person who paid taxes of $4,864.14 on a taxable income of $39,870?

Answers

The average tax rate for a person who paid taxes of $4,864.14 on a taxable income of $39,870 is 12.2%.

What is  taxable income?

The base of an income tax system is referred to as taxable income. In other words, the amount of revenue that was subject to taxation. In general, it comprises all or a portion of the items of income and is lessened by costs and other deductions. Any gross income that is used to determine how much tax you owe is referred to as taxable income. It is simply your adjusted gross income less any deductions, to put it simply. Included in this are any pay, tips, salaries, and bonuses received from employers. Additionally included are investments and unearned income.

Therefore,

The average tax rate for a person who paid taxes of $4,864.14 on a taxable income of $39,870 is 12.2%.

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The assessed value of a condominium is usually higher than a similar ______ because of outright ownership.

Answers

The assessed value of a condominium is usually higher than a similar Cooperative because of outright ownership.

This is because a cooperative's assessed value is often lower than a condominium's because cooperatives are not owned outright.

In a condominium, each unit within a larger complex is sold, as opposed to being rented out. These apartments, townhomes, or even commercial warehouses may have undergone renovation. Contrary to common misconception, the term "condominium" refers to the legal ownership structure rather than the specific sort of unit. Any building with several units has the option to "become condominium," which requires tenants to leave the property or buy their apartments outright. The walls of a condominium are theoretically owned by the people who buy

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A tax imposed by a government on goods entering at its borders is most accurately termed as a(n) _____.

Answers

A tax imposed by a government on goods entering at its borders is most accurately termed as customs duty. It is a tax imposed on imports and exports of goods.

What is Custom Duty?

The charge levied on products as they are carried across international boundaries is referred to as a customs duty. It is, in the simplest words, the tax imposed on commodities that are imported and exported. This obligation is used by the government to increase income, protect domestic industries, and control the flow of commodities.

The place of manufacture and the material used to make the goods affect the customs duty rate.

The Customs Act of 1962 defines custom duty in India, and the Central Board of Excise & Customs oversees all aspects pertaining to it (CBEC).

The government's estimated customs income for the fiscal years 2020–21 was Rs 1,38,000 crore.

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Janelle is the beneficiary of a life insurance policy in which the insured has died. what is the only way she can receive the claim amount totally free from income taxes?

Answers

The only way she can receive the claim amount totally free from income taxes is by receiving the claim amount in a lump sum.

How to receive the claim amount totally free from income tax?

A mismatch between the amount of tax paid and your actual tax burden results in an income tax refund. When you file your income tax return, you might discover that you get a tax refund (ITR). Your income tax refund may be approved after you have filed your ITR and the income tax officer reviewing the return determines that it is in order.

TDS rates are far lower than income tax slab rates, hence this is typically viewed as a bonus income.

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it is a rainy day, and you are considering taking an uber one mile to meet some friends. you have decided you are willing to pay $20 to avoid getting wet from the rain. the trip would normally cost you $8, but because of the weather the surcharge is twice the regular cost. you should because the benefit to you of taking the uber is than the cost.

Answers

You should take an Uber because the benefit to you of taking the Uber is more than the cost.

The term "cost" refers to the sum of all (actual or hypothetical) expenses incurred for or related to a given thing or activity. Cost is the amount of money spent by a business to produce or create goods or services. It excludes the profit margin markup. Cost is the sum of money spent on making a good or product, as seen from the seller's perspective. Costing is necessary to make sure that all costs are met and that the group decides on a price that will result in a profit. Finding all of a company's costs, including production, sales, administrative, overhead, etc., is the first and most crucial step. Costs are then divided into fixed and variable costs.

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If barbara is only able to purchase 20 bags of chocolate-covered peanuts, the maximum price she is willing and able to pay for each bag is ________ cents.

Answers

Based on the fact that Barbara is only able to purchase 20 bags of chocolate-covered peanuts, the maximum price she is willing and able to pay is $0.70.

What is the maximum price Barbara is willing to pay?

The maximum price that Barbara is willing and able to play is the price that tallies with the number of bags of chocolate-covered peanuts that she demands per month.

Barbara demands 20 bags of chocolate-covered peanuts which means that the maximum she is willing to pay from the table is $0.70.

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If total sales are $2550.00 and 110 guests were served, the average guest check would be?

Answers

A typical guest's check would be for $23.18.

How Do Sales Operate?

Any transaction in which two or more parties exchange money in exchange for the buyer getting tangible or intangible goods, services, or assets is referred to as a sale. On occasion, a seller may receive additional assets. A sale is another term used in the financial markets to describe an agreement between a buyer and a seller over the price of a security.

No of the circumstance, a sale is in essence a contract between the buyer and the seller of the particular good or service in question.

In a sale, two or more parties typically include a buyer and a seller who exchange goods or services for money or other assets.

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About 33 percent of all small businesses fall into the _____ category of industry.

Answers

About 33 percent of all small businesses fall into the small category of industry. A small business in that sector is one with an average revenue of less than $16.5 million over the course of the previous three fiscal years.

Despite the fact that size standards differ per industry, they are typically determined by the quantity of employees or the average yearly revenue.

According to the Small Business Association, a micro firm is a subset of a small business that has fewer than 10 employees, whereas small enterprises can have up to 500 workers. In the retail industry, there are a lot of small enterprises.

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A narrative based on a true event that is repeated frequently and shared by organizational employees is referred to as a:__________

Answers

A narrative based on a true event that is repeated frequently and shared by organizational employees is referred to as a: story.

What is a story?

A story can be defined as an event that occur or happen that are told to people, and this story can either be fictional ,imaginary or true life story.

Most people tend to tell a story about an event  to others so as to  enables them to learn the lesson that comes with the story.

Therefore a narrative based on a true event that is repeated frequently and shared by organizational employees is referred to as a: story.

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In 2021, individuals with earned income who are age 50 or over are permitted to make an extra annual ira contribution of:________
a. $1,000
b. $2,000
c. $3,000
d. $4,000

Answers

The correct answer is (a) $1,000 .

A $1,000 IRA payment is allowed for people 50 and older, bringing the maximum authorized contribution up to $7,000.

What is an IRA?

You may save money for retirement tax-advantageously with an individual retirement account (IRA). With the help of an IRA, a person can save money for retirement while enjoying tax-free growth or deferring taxes. An IRA is a financial institution-created account.

How do IRAs function after retirement?

With a typical IRA, you may postpone paying taxes now until you take the funds for retirement. A conventional IRA can help you save money in the long term if you anticipate being in a lower tax band in retirement. It also offers certain unique, penalty-free withdrawals for specific expenditures.

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Charlie's chocolates' has accounts receivable of $78,000 and accounts payable of $34,000. the company has revenues of $111,000 and expenses of $78,000. calculate its net income.

Answers

Answer:77000

Explanation:

Charlie's chocolates' has the net income equals $ 67,000.

Sales revenue plus dividends equal net profit, which is $145,000 (or $111,000 + 34,000).

Net income equals net profit minus costs

Net income = $ 145,000 - $78,000

Net income = 67,000

The required details for Net income in given paragraph

What is Net income?

Net income and a company's profit for the accounting period are the same thing. Therefore, net income comprises all of a company's expenditures and expenses, which are deducted from revenue. Because it appears at the bottom of the income statement, net income is sometimes referred to as the bottom line.

Net income is the outcome of deducting all expenditures and expenses from revenue and adding money from additional sources. A corporation may have more than one source of income in addition to sales and different kinds of costs, depending on the industry. On the income statement, several of the sources of revenue or expenses could be broken out as separate line items.

Sales revenue plus dividends equal net profit, which is $145,000 (or $111,000 + 34,000).

Net income equals net profit minus costs

Net income = $ 145,000 - $78,000

Net income = 67,000

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The ________ view calls for companies to develop low-cost, high-powered, resource-minimizing innovations that can be marketed to the billions of people living on less than a few dollars a day.

Answers

Base of the Pyramid.

The base of the pyramid view calls for companies to develop low-cost, high-powered, resource-minimizing innovations that can be marketed to the billions of people living on less than a few dollars a day.

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Economic losses from natural disasters include those tied to the destruction of buildings and?

Answers

Roads , loss of jobs, and decreases in Tourism Income are the Economic losses from natural disasters including the destruction of buildings .

What are the economic losses due to natural disasters?

Various economic losses occur from natural calamities. Infrastructure and capital assets, such as buildings, factories, schools, roads, dams, and bridges, are destroyed. Human capital is diminished due to the loss of life, the loss of qualified labor and the damage of educational facilities that interrupts school education.

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In 2021, a doctor has earned $300,000 from her practice and another $200,000 from investments. their maximum contribution to an hr 10 plan is:__________

Answers

The maximum contribution by them to an HR 10 plan is $58,000.

Describe the HR 10 plan.HR 10 plans, sometimes known as Keogh plans, are tax-deferred pension plans that independent contractors, as well as self-employed people and unincorporated businesses, can use for retirement. Both defined benefit and defined-contribution plans are acceptable.Profit-sharing plans are one of the two Keogh plan types that allow a business to contribute up to 100% of income, or $58,000 as of 2021.Keogh programs have additional administrative requirements and maintenance costs than Simplified Employee Pension (SEP) or 401(k) plans; but, because the contribution limits are higher, Keogh plans are a preferred option for many high-income business owners.Since the current tax retirement legislation does not distinguish between incorporated and self-employed plan sponsors, the term "Keogh plan" is not frequently used.

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The complete question is:

"In 2021, a doctor has earned $300,000 from her practice and another $200,000 from investments. Their maximum contribution to an HR 10 plan is:

A. $48,000

B. $58,000

C. $68,000

D. $116,000"

Why do people specialize and​ trade? with specialization and​ trade, people can​ _______.

Answers

Greater economic efficiency, favorable effects for consumers, and expansion prospects for industries with a competitive edge are all advantages of specializing and trading.

In order to increase efficiency, specialization is a method of production whereby an organisation concentrates on producing a small range of items.

Trade and specialization enable people to consume goods outside the boundaries of their personal production capacities and assist them in producing those goods at a lower opportunity cost than rivals.

Producers can profit from specialization and commerce thanks to the comparative advantage theory. People and nations become more efficient and productive by manufacturing items or services with the lowest opportunity cost and then trading with other countries.

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Other Questions
QUESTION 3Which is the closest synonym for the word remote?A. agriculturalB. distantC. deforestedD. affordable The substance that maintains body temperature, and acts as a lubricant and protective cushion is:_______ Use the diagram to give examples and to explain how Roman laws influenced the development of democracy: 1. Important Principles 2. Roman Laws> Influence on Democracy 3. Written Legal Codes An olympic swim the 200 m freestyle at a speed of 1.8 m/s. an olympic runner run the 200 m dash and 21.3 seconds how much faster was the runners speed in the swimmer speed to the nearest 10th of the meter per second? What can cause the market demand curve for day old bread and inferior hood to shift rightward an increase in demand During june, buttrey corporation incurred $79,000 of direct labor costs and $19,000 of indirect labor costs. the journal entry to record the accrual of these wages would include a:_________ What is the main purpose of the paragraph in bold? In the late fifteenth century, the spanish sought to emulate __________ success in establishing trading links with asia. What impact did the American Revolution have on the absolute monarchies in Europe? A desirable nutrition state occurs when body tissues have enough essential nutrients from ______ of foods to support metabolic functions. Find the equation of the given table in slope intercept form. The answer must be in y=mx+b format! Please show work asap!! What was the July crisis? Based on the values in b77 b81 what function can automatically return the value in c77? Patent infringement occurs in one of two ways: _______ or _______. A produce store sold 63 apples If the ratio of red apples to green apples sold was 7:2 What is the combinded amount of red and green apples sold? 12^-2 in simplest form What does the smallest division on the main scale of the vernier caliper correspond to? Which pair of elements do you expect to be most similar? a. mo and sn cl and f si and p k and sr n and ni four specific example ( not generalisation) of positive impact Select the correct answer.Will is at a shirt sale where he can buy one and get a second one for 40 percent off. He wants to buy two shirts priced at $29 each. How muchwill he pay?cost after discount = (2x list price) - (list price x discount percentage)OA$24.90