Manual controls are often preferable to automated controls when human judgement and expertise are required. True...

Manual controls are often preferable to automated controls when human judgement and expertise are required.

True

False

Expert Solution

Answer is True

As manual controls are needed in case of unusual, large and recurring transaction which require human judgement and expertise

ekkarill92 answered 3 years ago

When a firm finances a new investment, it often borrows part of the funds required, so...

When a firm finances a new investment, it often borrows part of the funds required, so the interest and principal payments this creates are incremental to the project’s acceptance. Why are these expenditures not included in the project’s cash flow computation? How does a firm’s use of short-term debt as opposed to long-term debt subject the firm to a greater liquidity risk?

True or False: A bar chart is used most often when you want to display frequencies...

True or False: A bar chart is used most often when you want to display frequencies by categories.

Answer True or False about Life Insurence: 1) Premiums for permanent insurance are often higher when...

Answer True or False about Life Insurence: 1) Premiums for permanent insurance are often higher when compared to term; however, permanent policies have the potential to build cash value that you can withdraw or borrow from if the need arises. Unpaid loans and withdrawals will reduce the death benefit and there may be tax consequences. 2) Riders that are part of your life insurance policy are free. They are marketing devices used by insurance companies. 3) Smoking increases your risk...

True Or False Required 1:With job order costing, manufacturing costs incurred are assigned to jobs when...

True Or False Required 1:With job order costing, manufacturing costs incurred are assigned to jobs when costs can be readily identified with specific customers, jobs, or projects and customized products. Required 2: The following journal entry would be made when units that have been completed are transferred to the finished goods warehouse: Debit Finished Goods; Credit Work in Process Required 3: A flour manufacturer is more likely to use job-order costing than a process costing whereas a manufacturer of customized leather...

Identify whether each statement is true or false. When initially recognized, accounts receivables are required to have a...

1. When initially recognized, accounts receivables are required to have a valuation allowance based on expected credit losses for their lifetime.2. For a new company with no history of uncollectible accounts, receivables can be written off when they are determined uncollectible.3. Aging of accounts receivable is often done to determine an allowance for doubtful accounts.4. When initially recognized, notes receivables are required to have a valuation allowance based on expected credit losses for their lifetime.5. In ASPE, impairment of notes...

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