Answer:Democratic (participative)
Explanation:
Below are descriptions of internal control problems. Identify the one best internal control principle that is related to the problem described. 1. The same person opens incoming mail and posts the accounts receivable subsidiary ledger. 2. Three people handle cash sales from the same cash register drawer. 3. A clothing store is experiencing a high level of inventory shortages because people try on clothing and walk out of the store without paying for the merchandise. 4. The person who is authorized to sign checks approves purchase orders for payment. 5. Some cash payments are not recorded because checks are not prenumbered. 6. Cash shortages are not discovered because there are no daily cash counts by supervisors. 7. The treasurer of the company has not taken a vacation for over 20 years.
Answer:
The internal control principles are:
Establishment of responsibility
Segregation of duties
Physical control devices
Documentation procedures
Independent internal verification
Human resource controls
1. The same person opens incoming mail and posts the accounts receivable subsidiary ledger. ⇒ SEGREGATION OF DUTIES.
There should be a segregation of such duties so that the chances of fraud are reduced.
2. Three people handle cash sales from the same cash register drawer. ⇒ ESTABLISHMENT OF RESPONSIBILITY.
One person should have access to the cash register drawer so as to reduce chances of fraud where one person takes cash and no one knows who. One person having access is an establishment of responsibility for that person.
3. A clothing store is experiencing a high level of inventory shortages because people try on clothing and walk out of the store without paying for the merchandise. ⇒ PHYSICAL AND IT CONTROLS.
Physical and IT controls would prevent such events from happening because the clothes would be identified before they left the store.
4. The person who is authorized to sign checks approves purchase orders for payment. ⇒ SEGREGATION OF DUTIES.
Segregation of duties ensures that this person would not make up frivolous purchase orders and then sign the checks for them.
5. Some cash payments are not recorded because checks are not prenumbered. ⇒ DOCUMENTATION PROCEDURES.
Documentation procedures ensure that records are well kept in the company to avoid such a scenario.
6. Cash shortages are not discovered because there are no daily cash counts by supervisors. ⇒ INDEPENDENT CHECKS OF PERFORMANCE.
There should be an independent check of performance in different departments especially in relation to cash to find out why cash balances are a certain way.
7. The treasurer of the company has not taken a vacation for over 20 years. ⇒ HUMANS RESOURCE CONTROLS.
Human resource controls ensure that best practices are used in human resource to promote efficiency. This scenario will lead to the burnout of the employee which would reduce efficiency in the business.
When closing a direct request, you
a. indicate the consequences of a failure to reply.
b. mention your own qualifications or status.
c. request a specific response and mention the time limits.
d. thank the reader in advance for helping you.
Answer:
c
Explanation:
just took it on edg
The finance department of a large company has prepared a master budget with very limited expense budgets for each department. The department managers are worried about being held accountable for these assigned targets, but senior management wants to keep spending reduced to allow for contingencies and strategic adjustments to the company-wide master budget. Based on this information, this budget process is
Group of answer choices.
A. A successful budgeting process because it will be a very useful tool to hold people accountable for overspending.
B. A successful budgeting process because it will encourage the associates to work their hardest to meet the goals.
C. Not a successful budgeting process because management has left too much room for strategic unknowns.
D. Not a successful budgeting process because it has not been widely accepted by the employees.
Answer:
D. Not a successful budgeting process because it has not been widely accepted by the employees.
Explanation:
A budget is a financial plan used for the estimation of revenue and expenditures of an individual, organization or government for a specified period of time, often one year. Budgets are usually compiled, analyzed and re-evaluated on a periodic basis.
A master budget is a document that contains the aggregation of all lower-level, interrelated financial budgets and operating budgets produced by an organization and it typically comprises of a cash forecast, budgeted financial statements, profit and loss account and balance sheet and a financing plan.
Furthermore, the first step of a budgeting process is to prepare a list of each type of income and expense that will be integrated or infused into the budget. Thus, it is of utmost importance to know total income (inflows) and expenses (outflows).
In the same vein, the final step to be made by the management of an organization in the financial decision-making process is to make necessary adjustments to the budget.
Based on the information in the above passage, the budget process is not a successful budgeting process because it was prepared with very limited expense budgets for each department and has not been widely accepted by the employees.
The Solow model demonstrates that A) in the absence of productivity growth, economic growth will turn negative in the long run. B) in the absence of productivity growth, economic growth will reach a steady state of zero per-capita growth in the long run. C) productivity growth will inevitably decline due to diminishing marginal productivity. D) productivity growth must exceed the rate of growth in the population to avoid a steady state in the long run
Answer:
Option B: In the absence of productivity growth, economic growth will reach a steady state of zero per-capita growth in the long run
Explanation:
The Solow model
This is the production function that gives people enough free hand or rooms to consider the accumulation of capital as a useful tool of long-run economic growth it is a dynamic model. Even if it can only mathematically solve for the endogenous variables in steady state, they are subscripted by time because the model holds at all points in time. And its addition to the production model includes capital stock is therefore not exogenous and the accumulation of capital is a possible tool of long-run economic growth.
Solow Model Strengths includes;
1. It gives a theory that shows how rich a country is in the long run( e.g. steady state)
2. It helps to understand differences in growth rates by using the principle of transition dynamics
Solow Model Weaknesses includes.
1. If the main tool studied in the model is investment in physical capital, that explains only a small fraction of the differences in income across countries
2. The model do not clearly explain differences in investment rates etc.
For an investor seeking a tax sheltered investment, the primary advantage of a real estate direct participation program is the: A high level of liquidity provided by the investment B ability of the program to generate losses for tax purposes but provide positive cash flow C ability to offset passive losses generated by the program against the investor's earned income D ability of the program to generate increasing losses until liquidation Review
Why is it important to show your application essay to members of your support group or family before you turn it in?
A. because they might offer to write the final draft of the essay for you
B. because your relatives will remember things about your childhood that you have forgotten
C. because you want to impress them with what you've written about yourself
D.because some of them may have done this themselves and can offer helpful advice
No bit links. 15 points.
Answer:
D) Because some of them may have done this themselves and can offer helpful advice
Explanation:
I know that this is the answer through personal experience.
It is important to show your application essay to members of your support group or family before you turn it in because some of them may have done this themselves and can offer helpful advice. Thus, option 'D' is the correct option.
What is an application essay?An essay or other written statement made by a candidate, frequently a prospective student applying to a college, university, or graduate school, is known as an admission or application essay. It is also occasionally referred to as a personal statement or statement of purpose.
The admissions committee is interested in finding out more about you—your accomplishments, challenges, objectives, passions, personality, values, and character. The college wants to know the individual's effect on you if you are requested to write about an influential person.
Make sure you stand out in your essay, no matter what subject you decide to focus on. Don't just tell readers what you care; show them. Don't provide the admissions committee with a list of grievances if you experienced a problem.
Therefore, option 'D' is the correct option.
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discusd five reasons why some people in your community do not participate your campaign?
Customers can purchase HP computers from retail stores like Best Buy and Office Depot, online directly from HP, and through various catalogs. HP is using a(n) _____ distribution arrangement.
Answer:
Multiple
Explanation:
For instance,Customers can purchase HP computers from retail stores like Best Buy and Office Depot, online directly from HP, and through various catalogs. In this case, HP is using a(n) multiple distribution arrangement.
Distribution channel can be regarded as chain of businesses or intermediaries whereby good or service is been passed until it reaches the final buyer. Distribution channels could be wholesalersor retailers or distributors. Multi-channel distribution can be regarded as a channel whereby
business uses one or more than one type of distribution channel. For instance, a street retailer could
also distribute directly to customer with the use of e-commerce, even with the use of catalogues which could be sent via direct mail.
Hey! I need definitions to the following.
Temperance -
Justice -
Courage -
Perseverance -
Loyalty -
Commitment -
Pride -
Conviction -
Responsibility -
Self-Discipline
Compassion
Humility
Vitality
Dedication
Assertiveness
Fidelity
Forgiveness
Integrity
Respect for Authority
Etiquette
Work
Appreciating Cultural Diversity
Thank you so much
Answer:
Temperance - moderation or voluntary self-restraint
Justice - just behavior or treatment
Courage - the ability to do something that frightens one
Perseverance - persistence in doing something despite difficulty or delay in achieving success
Loyalty - a devotion and faithfulness to a nation, cause, philosophy, country, group, or person
Commitment - the state or quality of being dedicated to a cause, activity, etc.
Pride - a feeling of deep pleasure or satisfaction derived from one's own achievements
Conviction - the verdict that usually results when a court of law finds a defendant guilty of a crime
Responsibility - the state or fact of having a duty to deal with something or of having control over someone
Self-Discipline - the ability to control one's feelings and overcome one's weaknesses
Compassion - sympathetic pity and concern for the sufferings or misfortunes of others
Humility - the quality of being humble
Vitality - the state of being strong and active; energy
Dedication - the quality of being dedicated or committed to a task or purpose
Assertiveness - confident and forceful behavior
Fidelity - faithfulness to a person, cause, or belief, demonstrated by continuing loyalty and support
Forgiveness - the action or process of forgiving or being forgiven
Integrity - the quality of being honest and having strong moral principles; moral uprightness
Respect for Authority - to feel or show esteem, honor, and appreciation for
Etiquette - the customary code of polite behavior in society or among members of a particular profession or group
Work - activity involving mental or physical effort done in order to achieve a purpose or result
Appreciating Cultural Diversity - It is, well, appreciating cultural diversity! :D
Explanation:
I mean, you could have just searched it up :D
the sum of a and 3a is
Answer:
Given,
3a,a,_a.......a terms
Sn=n/2[2(a)+(n-1)d]
Sa=a/2(6a-2a+1)
Sa=a/2(2(2a+1)
Sa=a(2a+1)
Sa=2a^2+a
Explanation:
Felice bought a duplex apartment at a cost of $235,000. Her mortgage payments on the property are $1,510 per month, $803 of which can be deducted from her income taxes. Her real estate taxes total $2,304 per year, and insurance costs $1,452 per year. She estimates that she will spend $1,446 each year per apartment for maintenance, replacing appliances, and other costs. The tenants will pay for all utilities. What monthly rent must she charge for each apartment to break even
Answer:
$1,032
Explanation:
Calculation to determine What monthly rent must she charge for each apartment to break even
First step is to calculate the Monthly costs using this formula
Monthly costs = Mortgage payment + Real estate taxes + Insurance costs + Maintenance costs
Let plug in the formula
Monthly costs=$1,510 + ($2,304 / 12) + ($1,452 / 12) + [2 ×($1,446 /12)]
Monthly costs= $1,510 + 192+ 121 + 241
Monthly costs= $2,064
Now let calculate the Break-even monthly rent per apartment
Using this formula
Break-even monthly rent per apartment = Monthly costs / 2
Let plug in the formula
Break-even monthly rent per apartment = $2,064 / 2
Break-even monthly rent per apartment = $1,032
Therefore What monthly rent must she charge for each apartment to break even will be $1,032
According to the chart, the three fastest growing career areas include
Other Services
Trade, Transportation, & Utilities Services
Professional and Business Services
Leisure and Hospitality Services
Information Services
Government Services
Financial Services
Education and Health Services
Mining
Manufacturing
Construction
Agriculture, Forestry, and Fishing
-10 010 20
30
construction, professional and business services, and education and health services
a.
Answer:
Education and Health ServicesProfessional and Business Services Leisure and Hospitality ServicesExplanation:
The graph shown below works by assigning a longer bar to the fields that are the fastest growing. The field that has the longest bar is therefore the fastest growing and this is the Education and Health Services sector.
The Professional and Business Services area has the second longest bar so this is the second fastest growing. In third place we have the Leisure and Hospitality services area.
Answer:
b.
professional and business services, education and health services, and leisure and hospitality services
Explanation:
Forcing someone to sign a contract under threats and pressure is an example
of
A. non-disclosure
B. mistake
C. duress
ОО
D. fraud
Which is the best option for people who need the items immediately but cannot pay cash now? choosing installment plans for both items choosing rent-to-own plans for both items saving up enough money before buying either item splitting the items between installment and rent-to-own plans
Answer:
A. choosing installment plans for both items
Explanation:
on edge
The best option for people who need the items immediately but cannot pay cash now is choosing installment plans for both items. The correct option is (a).
What do you mean by the installments plans?A way of paying for something in which a portion of the price is paid up front and then ongoing payments are made until the loan is fully repaid: Making an instalment plan to pay taxes over time is an additional choice.
A mechanism known as an instalment plan allows the buyer to take possession of the items and utilize them while paying a portion of the price as a down payment and the remaining balance in a series of scheduled instalments.
An agreement called an instalment purchase agreement is used to finance the purchase of assets.
Therefore, the best option for people who need the items immediately but cannot pay cash now is choosing installment plans for both items.
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Choose the term that best matches the description given.
This intellectual property is registered with the U.S. Trade Representative
Answer:
None of these
Explanation:
Hope this helps!
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Answer:none of these
Explanation:
Andrew Carnegie's system of vertical integration a combined all facets of an industry, from raw material to final product, within a single company. b created an industrial association through which member companies could wield much power. c embraced the notion of buying up competitors and forming a monopoly interest. d required smaller competitors to agree to standardized rates set by larger firms. e None of these
Answer:
A. combined all facets of an industry, from raw material to final product, within a single company
_____________are expenses incurred when a customer stops buying a product or service from one business and starts buying it from another.
Answer:
Switching cost
Explanation:
Switching costs are the costs when the consumer paid for switching the brands or products. It can be in terms of effort based, time based, etc
It can employ the high switching cost in order to protect the customers from shifting to the another brand
Therefore the switching cost should be considered
---------- control sets the price below the market equilibrium in order to make products more affordable.
Answer:
Price ceiling
Explanation:
PRICE CEILING control sets the price below the market equilibrium to make products more affordable.
Price Ceiling is a form of Price control that is used to limit the price of a commodity. This is a method often used to protect consumers from buying expensive products. It makes commodities more affordable as there is a limit to how high the price of commodities can be. The opposite is Price Floor.
Mark and Anthony are business partners of a franchised bakery. They have reached the end of the current financial year, and they assume that they must pay taxes. Since they have a partnership agreement, what must they submit?
A. Income tax return
B. information return
C. IRS tax claim
D. article of organization
E. policy document
Answer:
B. Information return
Explanation:
Corporations, trusts, individuals, estates, partnerships, that engage in business or trade and make transactions which are reportable shall report the transactions by filing an information return with the IRS, that indicates the amount a person received as payment within the calendar year on which the information return is based
The details on the information return can be used for ensuring that the tax returns are correctly filed
Payments made by owners of businesses such as compensation for nonemployee and employee requires the filing of an information return
It is important to save a copy of the information returns being filed each year
Rosa, an entrepreneur, wants to measure the overall health of her small business by using a form of ratio analysis. Her chosen method requires her to measure how often she must restock her firm's inventory, examine how quickly her firm can turn credit sales into cash, and measure the productivity of her firm's fixed assets. In this scenario, the ratio analysis method chosen by Rosa requires the measurement of her firm's _____.
Answer:
activity ratios
Explanation:
Activity ratios are various metrics that are used to see how efficient the operations of a business are in using their capital and assets.
Activity ratios include: stock turnover, debtors turnover ratio, working capital turnover ratio, investment turnover ratio, and so on.
In the given scenario where Rosa wants to measure how often she must restock her firm's inventory, examine how quickly her firm can turn credit sales into cash, and measure the productivity of her firm's fixed assets.
She needs to measure her activity ratios
Cranston wants a Settlement Option for his beneficiary that will guarantee the beneficiary an income as long as the beneficiary lives. Cranston should choose: A Interest B Life Income Only C Fixed Period D Fixed Amount
Answer:
sry i don't have this questions answers
1. Which of the following is a benefit of channels of distribution:
a. We can more easily obtain products from all over the world.
b. Producers must spend more money.
c. Retailers must spend more money.
d. We spend more time looking for products we want.
The advantage of distribution channels is that they make it simpler for us to buy goods from around the globe. Option A is correct.
What is the channel distribution?Distribution channels are the routes that goods and services follow from the producer or supplier of the service to the final customer. Channels of distribution are crucial to organizations because they enable efficient delivery of products or services to clients.
Unhappy consumers and subpar service delivery may result from a company's failure to choose the optimal group of enterprises for this purpose. Distribution channels have the benefit of making it easier for us to purchase items from around the world.
Therefore, option A is correct.
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Which of the following is the definition of customer experience?
A. The product of an interaction between an organization and a customer.
B. The product of upselling a customer.
C. The product of an interaction between the organization's employees.
D. The product of customer referrals
Answer:
a
Explanation:
Which of the following is the most appropriate topic to address in a college application essay?
Question 11 options:
A. your family's trip last summer to Yosemite National Park
B. why you decided to volunteer your Saturday afternoons at the local senior center
C. why you think the Yankees aren't likely to win the next World Series
D. your experiences learning to drive a car
No bit links. 15 points.
Answer:
B. why you decided to volunteer your Saturday afternoons at the local senior center
Which of the following statements are not true of satisfied customers?
A. Satisfied customers tend to stay loyal.
B. Customers will spend more money with a company for great customer service.
C. Satisfied customers do not share their experiences with other people.
D. All of the above
OPTION (C) Satisfied customers do not share their experiences with other people. When customers feel satisfied from the services or products from a particular company, they are tend to share their experience with their friends and families. So that they can too get benefitted from the same.
Who are Customers?In sales, commerce, and economics, a customer is the recipient of a good, service, product or an idea - obtained from a seller, vendor, or supplier via a financial transaction or exchange for money or some other valuable consideration.
What is meant by 'Services'?A service is any activity or benefit that one party can offer to another, which is essentially intangible and does not result in the ownership of anything. Its production may or may not be tied to a physical product.
What is a Company?A company, abbreviated as co., is a legal entity representing an association of people, whether legal, natural, or a mixture of both, with a specific task or objective. Company members share a common purpose and unite to achieve specific, declared goals.
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You want to know if part time employees become more or less happy with their employment over time. Thus, you give a questionnaire to 100 new hires and four months later give the same questionnaire to the same employees. What type of research design have you used
Answer:
:Two students made stem-and-leaf plots for the following data: 530, 545, 550, 555,560, 570. Which is incorrect? Explain the error.
(2 Points)
A; there is no stem for 56.
B; there are no leaves for 55.
Explanation
Advertising done by Target, Kohl's, and Macy's for the purpose of building store traffic and encouraging consumers to make a purchase now is known as _____ advertising.
Explain in brief about market development
Answer:
Market development is a strategic step taken by a company to develop the existing market rather than looking for a new market. The company looks for new buyers to pitch the product to a different segment of consumers in an effort to increase sales.
Answer:
Definition: Market development is a strategic step taken by a company to develop the existing market rather than looking for a new market. The company looks for new buyers to pitch the product to a different segment of consumers in an effort to increase sales
Explanation:
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Industrial development bonds are backed by: A the lease obligating the private user to rent the facility for the life of the bond issue B the deed to the facility constructed C securities pledged as collateral by the private user D the faith and credit of the governmental issuer Review
Answer: B the deed to the facility constructed
Explanation:
Industrial Development Bonds are issued by a government agency or authority on behalf of a company that might find it difficult to acquire financing on its own.
Such bonds are usually tax exempt and so will command lower interest rates than comparable bonds. They will be paid for by revenue from the project constructed and the collateral will be the deed to the facility constructed. This deed will be held by the government until the company finishes paying off the debt.
five examples of capital
Answer:
Capital can include funds held in deposit accounts, tangible machinery like production equipment, machinery, storage buildings, and more.
company cars.
patents.
software.
brand names.
bank accounts.
stock.
Answer:
Capital can include funds held in deposit accounts, tangible machinery like production equipment, machinery, storage buildings, and more.
company cars
patents
software
brand names
bank accounts
stock