1. Internal control procedures are important in every business. At what stage in the development of...

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Accounting

1. Internal control procedures are important in every business.At what stage in the development of a business do they becomeespecially critical? Is there one area of the business (cash,receivables, inventory) where the procedures are the most critical,and why do you think that area is the most important?
2. You are investing in a company. Would you rather invest incommon stock, convertible preferred stock, non-cumulative preferredstock, or cumulative preferred stock? Please explain yourchoice.
3. A company can finance their company in many ways - short-termdebt, long-term borrowing, selling bonds, issuing stock. What doyou think is a good mix for the company to have, and why? Whatmight influence the mix for a company?

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solution 1 Inner control methods become particularly basic when the chief of a business can never again control the business through close to home supervision and direct support Money is the one zone of business where these systems are most significant in light of the fact that money is the most fluid resource Money is such a significant resource for the accompanying reasons Most business exchanges in the long run lead to the business accepting money receipts or paying money installments Since money is effectively taken satisfactory controls must be executed to guarantee that individuals See Answer

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