Multiple Choice Identify the choice that best completes the statement or answers

Question

Multiple Choice Identify the choice that best completes the statement or answers the question. Which one of the following below is not an element of internal control? a. risk assessment 1. c. behavior analysis 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. 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 Current liabilities Long-term liabilities Stockholders' equity-common 60,000 85,000 150,000 295.000 Total liabilities and stockholders' equity 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 a b. ?. 22.2% 9.0% 4.5% d. 16.6%

Explanation / Answer

1.(C): Behaviour Analysis : -- is not an element of Internal COntrol

Explanation

There are 5 Elements of Internal Control :- Control Environment, Policies and Procedure, Risk Assessment, Control Activities, Information and Communication, and Monitoring.

Hence as per above mentioned 5elemement, behaviour Analysis is not fall in the 5 element t of Internal Control

2. (c): 4.5% is correct answer.

Dividend Yield Ratio= (Total Dividend Paid / Market Capitalization) X100 = [$5400/(6000 Share X$20)]*100= 4.5%

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