In general, preventive controls are more important than detective controls because the benefits typically outweigh the costs. In electronic processing, once a transaction is accepted, there is often little opportunity to apply detective controls. Thus, it is important to prevent errors or frauds before they happen.

pending
A. B. C. D.

Regressive taxes are those for which the average tax rate falls as income rises. They take a smaller percentage of income as income rises, so they will not necessarily take a larger absolute amount of income as income rises.

Cost of goods sold equals beginning inventory, plus purchases, minus ending inventory. If ending inventory is underestimated, cost of goods sold will be overestimated for the period. If cost of goods sold is overestimated, profit for the period will be underestimated.

P3uos total fixed costs are unaffected, the change in profit is the change in the contribution margin. The contribution margin at the current selling price is US $240.000 [75.000 units x $10 - $3 - $1 - $0.80 - $2)]. The contribution margin at the US $9.30 selling price is US $225,000 [90.000 units x $9.30 - $3 - $1 - $0.80 - $2)]. Hence, Profit will be reduced by US $15.000 $240.000 - $225.000) if the selling p11:, is lowered to US $9.30.