internal controls ramona's clothing is a retail store specializing in women's clothing. the store has established a liberal return policy for the holiday season in order to encourage gift purchases. any item purchased during november and december may be returned through january 31, with a receipt, for cash or exchange. if the customer does not have a receipt, cash will still be refunded for any item under $75. if the item is more than $75, a check is mailed to the customer. whenever an item is returned, a store clerk completes a return slip, which the customer signs. the return slip is placed in a special box. the store manager visits the return counter approximately once every two hours to authorize the return slips. clerks are instructed to place the returned merchandise on the proper rack on the selling floor as soon as possible. this year, returns at ramona's have reached an all-time high. there are a large number of returns under $75 without receipts. a. how can sales clerks employed at ramona's clothing use the store's return policy to steal money from the cash register? b. what internal control weaknesses do you see in the return policy that make cash thefts easier? c. would issuing a store credit in place of a cash refund for all merchandise returned without a receipt reduce the possibility of theft? classify the following as either advantages or disadvantages of issuing a store credit in place of cash. a clerk could only issue a phony store credit rather than taking money from the cash register. the store would lose less revenue if customers had to choose other store merchandise instead of getting a cash refund. issuing only a store credit for returns without a receipt is a stricter return policy that may affect gift-givers' purchase decisions.

Answer:

Meadows manufacturing follows the accrual basis. An accrual results when $6,000 cash is received after a customer has been billed and a deferral results when $4,500 cash is paid for next quarter's insurance for property.

Explanation:

Pls, choose me as brainliest!

Answer:

When the firm produces 1 unit, its cost per unit is 33.33. There would be about 8.33 decrease in the cost.

Explanation:

Now lets take this apart. The y value is exclaimed as the price per unit, which is not listed. The A value given in the graph is (50, 1.5), which the y and x axis do not have names to what they represent. However, from the information provided we can say that y = the price per units (50 for 1.5).

Going from that, what would 1 be? Well, if it costs 50 per 1.5 units then it would cost 33.33 per unit.

Now if they increased their product production and (50 ,1.5) was replaced by (50, 2), then the cost per unit would be 25 per unit. There would be about 8.33 decrease in the cost.

It's been a bit since i've done slopes and price per unit stuff, sorry if its a bit rusty. Good luck on your test xx

Answer:

C

Explanation:

Reduction of cost basis per share.

When you take a look at some of the rules that IRS has, you see that stock dividends do not get taxsd at the time of receipt. They don't get taxed because, the shareholder does not receive anything from the company, only but a hope on any increased future share price increment or appreciation.

Answer:

Reclaiming

Explanation:

From the question we were told tha refrigerant "Reclaiming" is to reprocess refrigerant to new product specifications as set by Environmental Protection Agency (E.P.A.).

Reclaiming is the process of reforming, or to turn wastes refuse through industrial process or natural process into a useful products or substance.its a means in which usable material is been generated from. by products which is achieved through following the rules set by

Environmental Protection Agency (E.P.A.). for safety of all.

Answer:

stocks are unpredictable and can be considered a risky short term investment, but if it goes well it will be considered a good risky investment  strategy

Explanation:

If I had to create a program to ask a consumer a collection of questions to recommend a movie first from company's library, I would use a learning-based strategy.

a strategy based on learning

In this method, the computer obeys any guidelines or directives provided by the developer. With this method, the computer picks up knowledge on its own. By using rule-based methods, AI is created in this method. The machine learning method is used in this strategy to achieve AI.

Describe a rule-based strategy.

A system that uses rules created by humans to store, sort, and manipulate data is known as a rule-based system. It imitates human intelligence in accomplishing this. A collection of information or a data source, as well as a slew of guidelines for modifying that data, are necessary for regulation systems to operate.

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Determine whether the demand for the following product is likely to be elastic or inelastic. Demand for cola is likely to be inelastic.

Inelastic demand refers to a situation where a change in price has a relatively small impact on the quantity of a good demanded. In the case of cola, it is a common and relatively inexpensive product with few close substitutes, meaning consumers are less likely to be price sensitive when choosing whether or not to purchase cola. Therefore, changes in the price of cola are unlikely to result in a significant change in the quantity demanded. Additionally, many consumers may have a brand preference and be willing to pay a higher price for a particular brand of cola, further indicating that demand for cola is likely to be inelastic.Overall, the demand for cola is likely to be inelastic, which means that a change in price is unlikely to significantly impact the quantity of cola demanded by consumers.

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A responsibility center is any part of the firm whose manager  has control over and is accountable for cost, profit or investment decisions of the part of the firm under his control.

What are the different types of responsibility center?

There are three types of responsibility center as listed below:

-Profit center

-Cost center

-Investment center

A  cost center's manager is accountable for the profits of the division without been held responsible for its revenue and profits.

A profit center's manager would be accountable for revenue or sales and profit of the center as well as costs, in other words, the manager is expected to make decisions that minimize costs while also maximizing revenues and profits thereon.

Lastly, an investment center's manager would be able to take decisions bordering on costs reduction, revenue and profit maximization including whether or not to invest in new equipment or assets.

Overall, all of the aforementioned are known as responsibility centers, hence, the correct option is responsibility centers.

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Answer:

"Plea bargains" would be the correct approach.

Explanation:

Maintenance and Repairs is charged for the cost of replacing the fuel in the firm's fleet of trucks.

1. the act of maintaining or even being maintained; maintenance, support, defense, etc.; particularly, the task of maintaining a structure, piece of equipment, etc. in excellent repair. 2. A source of support or nourishment; a means of support.

Many houses and apartment complexes are maintained by workers. Workers in general repair and maintenance maintain and repair structures, mechanical equipment, and machines. They work on sewage, electrical, air conditioning, and heating systems as well as painting and flooring repair.

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A person's career is very important in their life. Whatever career path you choose will have a significant impact on your life. In addition to your lifestyle, your career will define your social standing. In other words, your social circle and relationships will be determined by your career.

Career Analysis Essay

As a result, it is critical to select the appropriate career path. We all want to be someone or something from a young age. Some people want to be doctors, while others want to be painters. Many factors influence our career choices. As a result, it is critical to consider all factors before deciding on a career path.

How Should You Choose a Career?

Before deciding on a career, you must consider several factors. Each factor weighs heavily on your decision. To begin, always thoroughly assess yourself. To choose a career, you must first understand your area of interest. Someone who can dance well, for example, can certainly become a doctor, but his passion will always be dance. As a result, ensure that you have the aptitude to succeed in the field of your choice. This will come from your field of study.

Following that, you look for opportunities in your field of interest. You can easily find occupations that match your passion now that you know what you like and dislike. Make a list of occupations that are related to your interests. Reduce the length of your prepared list. You must do so by your preferences. Make informed decisions by consulting with your seniors and parents.

Most importantly, learn the skills required for the career path you wish to pursue. Make certain you have the necessary qualifications and degrees. Take training programs to improve your skills. This will give you an advantage in determining whether you are correct in your career choice

How to Achieve Your Professional Objectives

There are steps you must take before you can achieve your career goal. Success, as they say, does not happen overnight. To achieve your objectives, you must work along the way. If you have the will, there is always hope. To begin, create profiles on various job portals to catch the attention of potential employers. You will be able to get good career opportunities if you keep your profile up to date.

Furthermore, keep your network up to date. Create a strong network and sources in the field. This way, you can stay up to date on the latest industry news. Additionally, try to attend any seminars or workshops that are related to your career choice. You will meet influential people in your field who will broaden your perspective.

To summarize, always remember to remain determined. If you put your mind to it, you can easily achieve your career goals. In other words, people are prone to easily distracting themselves. You must refrain from doing so and instead concentrate on your career path to accomplish your objectives efficiently.

Net income that needs to be reclassed to retained earnings

Date             General Journal          Debit                  Credit

Dec 31         Income Summary        16,400

                    Retained Earnings                                    16,400

Now, According to the question:

Closing journal entries are recorded at the end of an accounting period to close out the income statement accounts for the year and move the net income to retained earnings. The income statement is a companies revenue, expenses, and net income for a year and then the balances are closed out and moved to the balance sheet. An account called income summary is used for the closing journal entries. This is a temporary account. Once the revenue and expenses are  moved to the income summary account and closed out to 0 then the balance in the income summary account is moved to retained earnings on the balance sheet. Retained earnings appears in the equity section of the balance sheet . To close out service revenue we must debit revenue to decrease the balance to 0 and credit income summary.

Date             General Journal          Debit                  Credit

Dec 31          Service Revenue        49,000

                    Income Summary                                   49,000

To close out the salaries expenses account and the supplies expenses account we must credit and expense account to make the balance 0 and debit income summary.

Date             General Journal          Debit                  Credit

Dec 31         Income Summary        26,500

                  Salary and Wages

                   Expenses                                                 26,500

The difference between revenue and expenses is the net income (loss) and will be the balance in the income summary account after the closing journal entries are made. The net income needs to be moved to the retained earnings account which appears on the balance sheet.

Date             General Journal          Debit                  Credit

Dec 31         Income Summary        6,100

                  Supplies Expenses                                    6,100

$49,000 - $26,500 - $6,100 = $16,400

Net income that needs to be reclassed to retained earnings

Date             General Journal          Debit                  Credit

Dec 31         Income Summary        16,400

                    Retained Earnings                                    16,400

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The given statement "Utility companies are incorporating internet-connected sensors into their business functions" is true  because they want to increase the efficiency of their business operation by applying the concept of Internet of Things.

With the spread of smart meters and low-cost sensors, energy and utility companies are looking to technology as a business change driver. Traditional revenue streams are being eroded by distributed electricity generation, and aging distribution infrastructure is reducing profit margins. As a result, utility companies are attempting to maximize the value of their smart grid and meter investments in order to evolve their operations.

The Internet of Things has the potential to transform the operations of energy and utility companies. They rethink old operating models by merging smart meters with sensors throughout infrastructure, cognitive computing, and analytics at the network edge.

If a typical meter costs around $100, the additional expenditures for installation, networking, data and connectivity are projected to be $300. IoT sensors are even less expensive than smart meters, because they can be installed at any point in the grid, not only at the edge.

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Answer:

oD. being skilled at negotiating and bargaining with people

Answer:

a)30 days

Explanation:

For the stove to repay itself, it will have to reach the break-even point.

the costs associated with the are the cost $9000

The gains from the stove:  20 meals per night at $20.

the cost per mean is 25% of the selling price

=25/100 x 20

=0.25 x20

=$5

The profits per meal = $20 -$5 = $15

Profits for 20 meals = $15 x 20 =$300

Dairy income from the stove is $300

To recover the cost, it will take $9000/$300 days.

=30 days

Answer:

30 days

Explanation:

The merger between a US-based company and a French National conglomerate can pose several challenges from an accounting standpoint due to the differences between International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP). Some of the challenges they may face include:

Accounting Principles: IFRS and GAAP have different underlying principles and concepts. IFRS is principles-based, emphasizing substance over form, while GAAP is rules-based, providing specific guidelines for various transactions. The differences in accounting principles can lead to variations in the recognition, measurement, and presentation of financial information.

Financial Statement Presentation: IFRS and GAAP have different requirements for financial statement presentation. The formats and classifications of items on the balance sheet, income statement, and cash flow statement may vary between the two sets of standards. This can make the comparison and consolidation of financial statements challenging.

Revenue Recognition: IFRS and GAAP have differing guidance on revenue recognition, particularly in areas such as the timing of revenue recognition, multiple-element arrangements, and percentage-of-completion method for long-term contracts. Aligning the revenue recognition policies of the merging entities can be a complex task.

Valuation of Assets and Liabilities: IFRS and GAAP may have different rules for the valuation of assets and liabilities, such as inventory, property, plant, and equipment, intangible assets, and financial instruments. Differences in valuation methodologies can impact the reported values of assets and liabilities, which can have implications for financial ratios, financial performance, and tax implications.

Business Combinations and Goodwill: IFRS and GAAP have different requirements for accounting for business combinations and the subsequent treatment of goodwill. For example, IFRS allows for the option of measuring goodwill at cost or using the impairment model, while GAAP follows a more strict impairment-only model. This can result in differences in the recognition and measurement of goodwill and the related impact on financial statements.

Disclosures: IFRS and GAAP have varying disclosure requirements, with differences in the level of detail and specific disclosures mandated for certain transactions and events. Harmonizing the disclosure requirements can be a complex task to ensure compliance with both sets of standards.

These are just a few examples of the challenges that may arise during the merger process from an accounting standpoint. It is crucial for the merging entities to have a thorough understanding of the differences between IFRS and GAAP and work closely with accounting professionals and advisors to address these challenges effectively and ensure accurate financial reporting and compliance with relevant regulations.

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Some of the best things you can do for your financial future include creating a budget, saving and investing regularly, managing debt, building an emergency fund, educating yourself about personal finance, and planning for retirement.

There are many things that you can do to improve your financial future, but some of the best things include:

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Answer:

The correct answer is "Face-to-face interviews".

Explanation:

Answer: unstructured or informal in nature

Explanation:

took it on edmentum

Answer:

The relationship between the production of vegetables and sale is the main difference between sales and production is that you must produce a product before you can sell it. Sales in a business are closely correlated to the marketing or sales effort of a business, whereas production is closely related to the manufacturing process.

I hope it help you,

Variable costs are costs that change in proportion to the quantity of products or services produced. They include things such as materials, direct labor, and sales commissions. To enter the variable cost per unit ($), follow these steps:

1. Determine all the variable costs required to produce the product or service.2. Add up all of the variable costs.3. Divide the total variable costs by the number of units produced to calculate the variable cost per unit. For example, if the total variable costs to produce 1,000 units of a product are $10,000, the variable cost per unit is $10 ($10,000/1,000 = $10).Remember that fixed costs do not change with the quantity of products or services produced. These include things such as rent, salaries, and insurance premiums. To calculate the total cost per unit, you must add together both variable and fixed costs, and then divide by the number of units produced.

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Answer:

I hope this helps

Explanation:

216-258 0

The option is out of the money. Striking rate on a name option > market price

The strike price on an selections contract is the rate at which the underlying safety can be both bought or offered as soon as exercised. Also acknowledged as the workout price, the strike charge is a key feature of an preferences contract.

When getting into a trade, strike charge is necessary to the option consumer due to the fact it determines the rate at which they can buy or sell stock in the future (or if they select no longer to exercise, how much profit/loss will manifest from the trade).

The greater the strike price of a put option, the greater the rate you can promote the underlying asset at. Thus, the put option becomes more attractive to holders of the alternative and the price goes up.

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If the current price of a burrito is $3 but the equilibrium price is $5, the correct answer is (C) a shortage to exist and the market price to increase.

Equilibrium price refers to the price at which the quantity demanded by consumers matches the quantity supplied by producers. In this case, if the current price of a burrito is $3 but the equilibrium price is $5,

The correct answer is (C) a shortage to exist and the market price to increase.

Surplus: A surplus occurs when the quantity supplied exceeds the quantity demanded at a given price. In this case, if the market price of a burrito is $3, which is lower than the equilibrium price of $5, producers would be willing to supply more burritos than consumers are willing to purchase. However, the question states that the current price is $3, so it does not align with a surplus scenario. Therefore, option (A) is incorrect.

Shortage: A shortage occurs when the quantity demanded exceeds the quantity supplied at a given price. In this case, if the market price of a burrito is $3, which is lower than the equilibrium price of $5, consumers would demand more burritos than producers are willing to supply. This shortage would indicate that there is insufficient supply to meet the demand. Thus, option (C) is the correct choice.

Additionally, the question states that the equilibrium price is $5. If the market price were to increase from the current price of $3 to the equilibrium price of $5, it would align with the concept of shortage. The market price needs to rise in order to incentivize producers to increase their supply and bring the market back to equilibrium.

To summarize, when the current price of a burrito is below the equilibrium price, a shortage is expected to exist, and the market price is likely to increase to reach equilibrium. Therefore, option (C) is the most appropriate answer

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The possible causes be for low gross profit and higher cost of sales for your specific business could the higher supplier costs.

The low gross profit margins means your ratio percentage is below industry norms and potentially down from your company's prior periods. In essence, you are not generating strong sales prices relative to your cost of goods sold or COGS, which are your costs to make or acquire products.

One of the simplest factors that can lead to declining margin is higher costs of goods sold. Over time, your suppliers naturally want to increase their own revenue and margins. Their own cost to produce or supply may go up.

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The appeal of using predetermined departmental overhead rates is they presumably provide a more accurate accounting of costs, enhanced information.

Accounting, which is frequently referred to as simply "accounting," is the process of gathering, analyzing, and disseminating financial and other data on companies and businesses.

Accounting is the activity of keeping records of a company's financial transactions.

The benefit of adopting departmental overhead rates that have been defined is that they should provide better information and a more accurate accounting of expenditures.

Thus, this rate is distinct at every stage of production because various departments employ various procedures that enable management to precisely review manufacturing inefficiencies and determine the best course of action.

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P/E ratio = (market value per share) / (Earnings per share)

11.42 = (market value per share) / 3.35

Market value per share = 11.42*3.35 = 38.257

Price of stock = 38.257

P/E =11.42

E = $3.35

P=$3.35*11.42

price of the stock, P= $38.257

In finance, stock (additionally capital stock) consists of the stocks of which possession of an enterprise or enterprise is split.[1] (mainly in American English, the word "stocks" is likewise used to refer to stocks.)[1][2] An unmarried proportion of the stock approach fractional possession of the agency in share to the entire quantity of shares. This commonly entitles the shareholder (stockholder) to that fraction of the company's income, proceeds from the liquidation of belongings (after discharge of all senior claims along with secured and unsecured debt),[3] or voting strength, frequently dividing these up in proportion to the quantity of cash each stockholder has invested. Now not all inventory is necessarily the same, as sure instructions of stock may be issued for instance without balloting rights, with more suitable voting rights, or with a sure precedence to obtain profits or liquidation proceeds before or after other classes of shareholders.

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Answer:

I would say D because it sounds more reasonable for me