(c)cash, accounts receivable, inventory, prepaid insurance. As the name suggests it is a type of engagement that includes. Creating an Informative Speech. This follows from both the purpose of the standards -- providing employees with information that will allow work to be performed in a safe and healthful manner that complies with OSHA requirements -- and the basic definition that implies the information is presented in a manner the recipient is capable of understanding. (b)net loss. LO Obligations that a company expects to pay after one year. Here's the generic case-sensitive formula to match data: MATCH (TRUE, EXACT ( lookup array, lookup value ), 0) The formula works with the following logic: The EXACT function compares the lookup value with each element of the lookup array. Internal controls are the mechanisms, rules, and procedures implemented by a company to, A: Financial reporting means circulation and sending of financial information and financial statements, A: Since you have asked multiple sub parts, we will solve the first three sub parts for you. Find when opening programs stored on a hard drive. (b)The reasons given by smaller companies that oppose the switch are -1. LO Description The company employs good physical controls. Long-term investments (LTI) 4. Employer: Implements a safety and health program that must also demonstrate the assignments of responsiblity on a job site, Match the following words to their corresponding definitions. Goods flow assumed flow. They classify liabilities as either current or long-term. The bank statement contains a $150 service charge for operating the bank account. 14) When the absolute value of price elasticity of demand is ________, the category is price elastic. Answer Explanation Related Ques. 3.5Which of these transactions requires a credit entry to Revenue? Managers are observant and review 3.5Which of the following accounting records is the main source of information used to prepare the financial statements? If you want, A: Definition: 3.1These are used by the FASB, and it is a set of concepts that guide financial reporting. __LTI___ Land Expenditure vs. _SE____ Retained earnings LO The company has a good accounting system. Supplies are purchased. The company has a good accounting system. But deferring the payment of debt or the purchase of property or services alone doesn't constitute "advancing funds." Management puts separation of duties in place. By following the steps below, you'll be able to connect the three statements on your own. Assets that a company expects to convert to cash or use up within one year or its operating cycle, whichever is longer. To keep apprised of such developments, you can consult OSHA's website at https://www.osha.gov. Risk assessment - Control activities . LO (d)an intangible asset. Entities should consult the statements and their external auditors to determine the impact. _____ Income taxes payable These denote costs linked to the goods and services offered by a business, such as rent, office, supplies etc.. Figure 1.7 Income Statement Schedules for Custom Furniture Company. A query that includes a group function in the SELECT list must include a GROUP BY clause. _____ Interest payable LO 6. Generally, (1) investments in stocks and bonds of other corporations that companies hold for more than one year; (2) long-term assets, such as land and buildings, not currently being used in the company's operations; and (3) long-term notes receivable. The following ratios are available for Reilly Inc. and O'Hare Inc. Management encourages employees to LO In practical terms, this means that an employer must instruct its employees using both a language and vocabulary that the employees can understand. Income statement. Fungi are a kingdom of species with their own classification scheme based on their characteristics and features.They are eukaryotic, multicellular organisms that function as decomposers in a given ecosystem. Inspections must be made by a competent person after rainstorms and any other hazard-increasing occurrence. indicates a company's ability to generate net cash provided by operating activities that is sufficient to pay debts, acquire assets, and distribute dividends. Assets with relatively long useful lives that are currently used in operating the business. Patrick is a happily married man. 4. Many assets such as cash and inventories are at risk of loss, ________ 4. The difference between long term investments and property, plant, and equipment are long-term assets such as land or building that a company is NOT currently using in its operating activities. 3.1The system of using a monetary unit, such as the US dollar, to value the transaction is known as which of the following? A measure of liquidity computed as current assets divided by current liabilities. __CL___ Income taxes payable 1) The study of scientific metrology deals with. For example, CSHOs should look to whether workplace instructions regarding job duties are given in a language other than English and determine whether the employer already is transmitting information with comprehensibility in mind. Which of the following is not required of management when development and maintaining a safety program? A. It is called the Balance Sheet because it reports on Asset, Liability, and Equity accounts, and is meant to show that these three accounts balance according to the accounting equation: Assets = Liabilities + Owner's Equity. INTERNAL CONTROLIS A PROCESS WHICH ENSURES CONTINUOUS RELIABILITY OF ACCOMPLISHMENT OF A, A: Internal Control System LO A company has been losing market share to their competitors due, The top management team at your company is considering outsourcing the supply, Develop a brief answer to each of the following questions: 1. (a) Measures Current Ratio (c)current assets; long-term investments; tangible assets; and intangible assets. No Credit Check Houses For Rent Fort Wayne, Ensure that assets are kept secure. The following result is displayed by SQL. (h)., A: Internal controls are the systems utilized by a company to manage risk and diminish the prevalence. 8. View this answer Control environment The site is located on OSHA's public website at the following address:http://www.osha.gov/dcsp/compliance_assistance/index_hispanic.html. Inventory accounting 1. 81 0 obj <>/Filter/FlateDecode/ID[<3542FE0BCCF184338CC86C5C5B65C6BA><273786AD8E0FF8458AD97DF0739EF2F8>]/Index[62 36]/Info 61 0 R/Length 93/Prev 262440/Root 63 0 R/Size 98/Type/XRef/W[1 2 1]>>stream a. LO Cohesive soil with unconfined compressive strength of 0.5 tsf (48 kPa) or less : Type C Textbook content produced by OpenStax is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike License . LO mend arnings per share (EPS), measure aspects of the operating success of a company for a given period of time. Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. As you'll recall from Chapter 9 "Preparing a Speech", speaking to inform is one of the three possible general purposes for public speaking.The goal of informative speaking is to teach an audience something using objective factual information. Hemolysis refers to the breakdown of red blood cells (T/F) True. It will be delivered in two weeks. See, e.g., CPL 2-238(D)(1998) ("[i]f the employees receive job instructions in a language other than English, then training and information to be conveyed under the [hazard communication standard] will also need to be conducted in a foreign language"); letter from Russell B. Swanson to Chip MacDonald (1999) ("instruction that employers must provide under 1926.21 must be tailored to the employees' language and education."). It is most commonly produced by lower-end accounting software packages. _____ Accumulated depreciation Ensuring Accurate Records A need of internal control d. Independent accountant's audit __A_1. (b)What two reasons are given by many smaller companies that oppose the switch? Management puts separation of duties 5. If a reasonable person would conclude that the employer had not conveyed the training to its employees in a manner they were capable of understanding, then the violation may be cited as serious if it is within the guidelines set out in the FOM. In return, the business spent money on various activities, including wages, rent, transportation, etc., leading to $14,200 in expenses. According to the Bottled Water Trends for 2014 report (bit.ly/1gx5ub8), the U. Retained earnings the income retained for use in the business. (b)cash, inventory, accounts receivable, prepaid insurance. 2. in place. Aside from EBT, theres also EBITDA, EBIT and a slew of other abbreviations you might want to familiarize yourself with to be even more confident when reading an income statement. From the Team Explorer home page, choose Work Items. 3.5Which of the following pairs of accounts are impacted the same with debits and credits? Explanation: No explanation is available for this question! They also include the costs of materials used to develop the products and the labor needed to get the goods to market. Compliance auditing decide whether a process or transaction has or has not followed, A: Internal control is implemented in organizations by management, A: Item I is incorrect because a management letter is issued for the use of auditors. Subcontractos do not need to worry about inadequate employee provisions since this responsibility belongs solely to the prime contractor. The company has an internal audit department. In the income statement, expenditures are recorded at the time of purchase. 9. (c)Solvency ratios. Advantages of Financial Statements Financial Statements are useful for the following reasons: 3. Courts and the Commission have agreed with OSHA that an employer may not take advantage of "an adequately communicated work rule" when it did not communicate that rules to a non-English speaking employee in a language that employee could understand. General OSHA standards always take precendence over particular standards that apply specifically to a given condition, practice, mean, method, operation, or process, Only qualified employees who received proper training. Q: XYZ Corporation has the following balances in its books of accounts as; Q: Super Fresh Grocery operates a chain of 40 grocery stores. Monitor operations of the organization to ensure maximum efficiency. This position applies to all of the agency's agriculture, construction, general industry, and maritime training requirements. (f). Distinguish between long-term investments and property, plant, and equipment. Hence, it should, A: "Since you have asked multiple question we will solve the first question for you. Common stock (CS) Management regularly considers what 2. (a)net income. The tool is intended to help employers with a Spanish-speaking workforce identify the Spanish-language outreach resources on OSHA's website. Personnel are well trained and instructed in their duties. An expression of the mathematical relationship between one quantity and another. 3.1Also known as the historical cost principle, ________ states that everything the company owns or controls (assets) must be recorded at their value at the date of acquisition. This will be non-operating revenue, not tied to the core consulting business. Match the items with the related statements that follow. (b)lower liquidity, higher solvency, and higher profitability. 3.3Which process of the accounting cycle often requires the most analytical thought? Find the temperature u(x, t) in a laterally insulated bar of length \pi, extending from x=0 to x=x=\pix=. Match (by letter) the following items with the description or example that, Describe when economic performance occurs for the following expenses: Worker\'s compensation, Rebates, If charges flow very slowly through a metal, why does it not, Bisbee Health Products invests heavily in research and development (R&D), although it, Suppose the marginal benefit of writing a contract is $50, independent of, A company borrowed from a bank an amount of (24,000) dinars and. Managers are observant and review how procedures by those who report to them are carried out. While the site includes links to Spanish-language resources, it is intended primarily for English-speaking and bilingual users. For the control environment principles, identify evidence that management might obtain to assess the operating effectiveness of the control environment. LO Occupational Safety & Health Administration, Occupational Safety and Health Administration, Outreach Training Program (10- and 30-hour Cards), OSHA Training Institute Education Centers, Severe Storm and Flood Recovery Assistance, OSHA Training Standards Policy Statements. The bank statement contains a $200 check printing charge for new checks that the company ordered. 3.2Which of these accounts is an asset? Match the following items with their related statements below: a. The prime contractor and subcontractor may make an express agreement on who will provide all required first-aid or toliet facilities for a specific job site. then you must include on every physical page the following attribution: If you are redistributing all or part of this book in a digital format, D. to set program related options like Program Name, Program Location, etc. The first column describes the control, and the second column describes the test results. instructed in their duties. These are items of economic benefit that are expected to yield benefits in future periods. 97 0 obj <>stream I offer instant credit to my customers and contract with another company to pull credit reports to determine their creditworthiness. We will be holding an advance ticket raffle for TXT GLOBAL OFFICIAL FANCLUB MOA MEMBERSHIP (GLOBAL/USA) holders for the Additional Show of TOMORROW X TOGETHER WORLD TOUR <ACT : LOVE SICK> IN JAPAN < Concert Information > ScheduleConcert Venue [Osaka] KYOCERA DOME OSAKA Saturday, July 1, 2022 Concert venue opens at 16:00 / Concert begins at 18:00 Sunday, July 22, 2022 Concert . Going through and understanding the four major financial statements is crucial when gauging the profitability and growth prospects of an investment but it can also be a hassle. n a classified balance sheet, companies classify assets as current assets; long-term investments; property, plant, and equipment; and intangibles. Prime Contractor: Has overall responsbility for compliance with OSHA regulations. How do current liabilities differ from long-term liabilities? Long-term liabilities (LTL), __CL___ Accounts payable Some of these standards require "training" or "instruction," others require "adequate" or "effective" training or instruction, and still others require training "in a manner" or "in language" that is understandable to employees. Match the following items with their related statements below: a. LO 3.3The step-by-step process to record business activities and events to keep financial records up to date is ________. Match the items with the related statements that follow. Also, from time to time we update our guidance in response to new information. John Locke This is the most stable soil type : Type A Answer: greater than 1. Management encourages employees to follows the rules. (d)current assets; long-term investments; property, plant, and equipment; and intangible assets. OSHA requirements are set by statute, standards and regulations. The building currently has an appraised market value of $235,000. C. Publish accurate financial statements on a regular basis. When a statement of cash flows is prepared, these three types of cash flows are reported under separate sections, which are operating activities section, investing activities section and financing activities section.This categorization helps users of financial statements understand how the cash was . LO Property, plant, and equipment (PPE) Personnel are well trained and instructed in their duties. 1. circulatory system the part of the body that is made up of the muscles 2. internal system the parts of the body that are related to the movement of blood 3. muscular system the bones found in the body 4. skeletal system The purpose of the income statement is to show managers and investors whether the company made or lost money during the period being reported. Promotes Operational Efficiency, A: Financial Accounting means the process of recording the transaction , posting , summarising ,, A: Internal auditors occupy a distinct role inside the organisation. Chapter 6, Problem 1SE is solved. Just as management personnel benefits from its insights to make timely decisions and ascertain if an entity is on the right track financially, experienced investors use the information it provides to expand their portfolio of investments. _____ Common stock This taxonomy can be helpful in outlining your course True 15.The two classes of elements are related in such a way that (a) assets, liabilities, and equity are changed by elements of the other class and at any time are their cumulative result and (b) an increase (decrease) in an asset cannot occur without a correspond-ing decrease (increase) in another asset or a corresponding . The statement itemizes the cash and other deposits made into the checking account of the business. LO 3.1That companies can present useful information in shorter time periods such as years, quarters, or months is known as which of the following? Refer to the CVS annual report in the Supplement to Chapter 5. Current assets (CA) %%EOF mechanism The company employs good physical controls. (b)Current ratio. _____ Accounts receivable endstream endobj startxref Which of the following are employer requirements for safety training and education? Auditing: Which of the following shall be permitted to operate equipment or machinery? are well trained and LO To identify and control job site hazards, OSHA requires that employers conduct worksite analyses and periodic safety inspection programs that involve supervisors. (d)inventory, cash, accounts receivable, prepaid insurance. C. to allow the developer to graphically design program components. Start your trial now! (d)$100.00. All of the following are responsibilities of OSHA except: Before being able to work with flammable liquids, employees must receive training as to safe handling and use. (b)acquire more property, plant, and equipment. Centrifuge. A copy machine is ordered. CSHOs should also look beyond any basic paper documentation; i.e, an employer may have training records but employees may not have been able to understand the elements included in the training. riboflavin (B2) folate pyridoxine pyridoxal 5'-phosphate tetrahydrofolate (THF) FAD. Classify financial statement items by balance sheet classification. and you must attribute OpenStax. Long-term investments (LTI) Transcribed Image Text: E1B. _____ Cash (a)current assets; long-term assets; property, plant, and equipment; and intangible assets. e. Monitoring This format is most commonly used by businesses that have relatively simple operations, with few line items reported. 3.5Which of the following pairs increase with credit entries? Match each of the following items with the related statement below: a. See Answer. A technique that employs a specific angle of incline on the sides of the excavation : Sloping A structure that supports that sides of an excavation and protects against cave-ins : Shoring Match the following definitions to their related statements as described in the Definitions section of this lesson. Which of the following statements about service asset and configuration management is/are CORRECT? (c)Both (a) and (b). _____ Equipment (b)by importance. When should the OSHA Annual Summary be posted? c. Risk assessment, control structure, backup facilities, responsibility accounting, and natural laws. -satisfy the educational requirements of the licensing state Auditors provide credibility to information for outsiders such as: (3) -creditors -stockholders -government regulators Which attest engagement is designed to provide only a moderate degree of assurance? Search Textbook questions, tutors and Books, Change your search query and then try again, 1. e. Monitoring 2. a. 6. Evaluates management's assessment of internal control over financial reporting _ D__ 2. (a)Current ratio. In what ways does this example model biogeochemical cycles on Earth? constants, functions, and predicates mentioned in the chapter. _____ Retained earnings The bank statement contains a $200 check printing charge for new checks that the company ordered. (c)pay off debts. d. Monitoring. _CL____ Interest payable Match the following items given in column A with those in column B. C. Cash flow statement. A hematocrit of _______ would be about normal. A means to express each item in a financial statement as a percentage of a base amount.h. White blood cell and platelet percentage. Here's what you need to know about them. The time it takes to acquire and sell inventory. Match the following terms to the corresponding statements. Financial statements are created with this purpose in mind. LO control environment _LTI____ Stock investments (to be sold in 7 months) 5. Explanation: No explanation is available for this question! __LTL___ Investment in long-term bonds Jean Jacques Rousseau (b) The Social Contract. (c) profitability. _____ Accounts receivable Match the items in the left column to the items in the right column. Match the following items with the related statements below: a. Intangible assets (IA) 1/34 Previous Next Flip Space Created by thesupercool Terms in this set (34) Match the statement on the left with the economic philosophy it represents on the right. Financial statements contain the historical information as well as current periods financial Do you need an answer to a question different from the above? 3.5Unearned service revenue occurs when which of the following occurs? Employers need to examine the standards applicable to their workplaces to be familiar with these specific requirements. View Answer. Electricity has been used but has not been paid for. (a)accounts receivable, cash, prepaid insurance, inventory. January 19, 2022. 3.3 ________ takes all transactions from the journal during a period and moves the information to a general ledger (ledger). A(n) _______ is capable of identifying existing and predictable hazards in surroundings or working conditions that are unsanitary, hazardous, or dangerous to employees, and has authorization to take prompt corrective measures, A narrow underground excavation that is deeper than it is wide and no wider than 15 feet (4.5 meters) is called a, All of the following are OSHA's most cited violations in excavations, except, Structural ramps and runways must be designed by a qualified person, When creating a hazard to employees, these must be removed or supported as necessary to safeguard employees working in the area : Surface encumbrances, Matching the following items to their related statements, Before excavation work can begin, it is necessary to determine the location of the utilities underground, Structural ramps and runways must be designed by a competent person, Professional engineer : This person approves the determination that the excavation poses no threat to adjacent structures or employees, Math the following responsibilities to the related persons. Question 62 2 only C. Both of the above D. Neither of .

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