Answer:
Rate of interest is 8.37%
Explanation:
Future Value =
3,500 = 2750
=
=
1.0837 = 1+r
r = 1.0837 - 1
r = 0.0837
r = 8.37%
Check:
3500 = 2750
3500 = 3500
Here, the five elements include all of the following except- None of these choices are correct
<h3><u>
What are the five elements of internal control ?</u></h3>
Different internal control systems function with varying degrees of efficacy. A judgment on an internal control system's effectiveness is made after evaluating if each of the five components -
- Control Environment-The tone of an institution is defined by the control environment created by the organization's management, which also has an impact on the individuals who work there.
- Risk Assessment-Every entity must evaluate the many risks it confronts from both internal and external sources. Setting up objectives that are internally consistent and related at various levels is a prerequisite for risk assessment.
- Control Activities-The rules and practices that guarantee management directions are followed are known as control activities. They aid in ensuring that the required steps are made to address risks preventing the entity from achieving its goals.
- Information and Communication-Relevant information must be located, recorded, and disseminated in a way and at a pace that makes it possible for recipients to fulfill their duties. Effective communication must flow up, down, and throughout the company in a wide sense.
- Monitoring-Regular management and supervision tasks, as well as other actions staff members do while carrying out their jobs, constitute ongoing monitoring, which evaluates the effectiveness of internal control system performance.
To know more about the concept of internal control, refer to: brainly.com/question/15318839
#SPJ4
Answer:
The profit margin here is $3
Explanation:
The profit margin is calculated by
Profit Margin = Sales - Cost of Sales
And
Cost of sales includes all the labour costs, cost of the inventory that has been sold, overhead cost absorbed in the inventory, depreciation etc.
So here we have cost of sales per unit of $5 per unit and selling price of per unit is $8.
By putting values we have:
Profit Margin = $8 per unit - $5 per unit = $3 per unit
Answer:
<u><em>"adjustment to income"</em></u>
Explanation:
"adjustment to income" determine the actual gross income that can be taxed.
In this situation tax credit is $ 250 which is less than deductions $ 2000.
$ 2000 will reduce taxes by larger amount.
Answer:
Here are a few steps you could do!
Explanation:
Don't overcommunicate by email.
Make good use of subject lines.
Keep messages clear and brief.
Be polite.
Check your tone.
Proofread.
Following these will make your email clear and effective