-1 one of the following below is not an element of internal control? Which . ? a

Question

-1 one of the following below is not an element of internal control? Which . ? a. risk assessment b. information and communication c. behavior analysis d. monitoring The following information pertains to Carlton Company. Assume that all balance she both average and ending balance figures. Assume that all sales were on credit. Assets Cash and short-term investments Accounts receivable (net) Inventory Property, plant and equipment S 40,000 25,000 20,000 210,000 $295,000 Total assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Stockholders' equity-common 60,000 85,000 Total liabilities and stockholders' equity $295,000 Income Statement Net sales Cost of goods sold Gross margin Operating expenses Interest expense $ 85,000 45,000 40,000 15,000 5,000 $20,000 Net income Number of shares of common stock Market price of common stock Total dividends paid Cash provided by operations 6,000 $20 $5,400 $30,000 2. What is the dividend yield for this company? Round your answer to one decimal p a. b. c. d 22.2% 9.0% 4,5% 16.6%

Explanation / Answer

Answers

The correct answer is Option ‘C’: Behaviour Analysis is NOT an element of Internal Control.

This is because Internal Control has five components or elements, which are control environment, assessment of risks, communication and information, control and monitoring activities.

Dividend yield = (Dividend per share / market price per share) x 100

Dividend per share = Total dividend / No. of common stock = $ 5,400 / 6000 shares = $ 0.9 per share

Market Price per share = $ 20

Dividend Yield = ($ 0.9 / $ 20) x 100

= 4.5%

Hence, the correct answer is Option ‘C’: 4.5%

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