The correct description of the internal control procedure "assignment of responsibilities" is: D) With clearly assigned responsibilities, important jobs get done.
The correct description of the internal control procedure "separation of duties" is: A) Cashiers must not have access to accounting records.
The correct description of the internal control procedure "proper documents" is: C) Prenumber invoices and other documents.
The principle of internal control that the company does not follow in the given case is: B) Segregation of duties.
Based on the information provided, the company does not follow the principle of segregation of duties. This is evident in the case where three people handle cash sales from the same cash register drawer, indicating that there is not a clear separation of duties and responsibilities.
To match the principles of internal control to the given cases:
a) Physical control: 1. Cash is locked in a safe overnight.
b) Segregation of duties: 2. Employees who receive shipments of goods do not have access to the accounting records for merchandise.
c) Accountability for assets: 4. The bookkeeper does not have physical custody of assets.
d) Documentation procedures: 3. Shipping documents are prenumbered.
e) Establishment of responsibility: 5. Only the treasurer of the company can sign checks.
Matching the fraud triangle factors to the given situations:
a) Financial pressure: (a) An employer's monthly credit card payments are nearly 75% of their monthly earnings.
b) Rationalization: (b) An employee earns minimum wage at a firm that has reported record earnings for each of the last five years.
c) Financial pressure: (c) An employee has an expensive gambling habit.
d) Opportunity: (d) An employee has check-writing and signing responsibilities for a small company and is also responsible for reconciling the bank account.
Know more about internal control procedure here:
https://brainly.com/question/15318839
#SPJ11
According to etzioni’s three types of formal organizations, which organization type has a shared affinity when looking at the feeling of connectedness?.
According to Etzioni’s three types of formal organizations, Normative organization type has a shared affinity when looking at the feeling of connectedness.
Systems that rely on normative power have a control structure that is based on promoting common values that members adhere to. These values are intentionally created and upheld by the organization, and they are all portrayed in different signs and symbols that can be either verbal, visual, behavioral, or intellectual, or any combination of the four. Having a strong commitment to an organization's ideology gives you influence and sway. Members adopt the values of the organization. The organization's members act cohesively and with a strong dedication to its objectives.
To learn more about organization click here:
https://brainly.com/question/28548951
#SPJ4
The buying of goods and services for a business
The buying of goods and services for a business is commonly referred to as procurement.
What is procurement?
It involves identifying the needs of the business, sourcing and selecting suppliers, negotiating contracts and agreements, and ultimately purchasing the goods or services needed. And keeping records of all the steps in the process. These activities require a strong understanding of market trends, organizational objectives, and supplier capabilities to ensure success.
Effective procurement is important for businesses as it can help to reduce costs, improve efficiency, and ensure the availability of essential resources.
Procurement can also involve managing supplier relationships, ensuring quality control, and assessing supplier performance.
One of the advantages of procurement is that it enables companies to smoothly carry out their business operation as the items they need for their business operation have been made procured or made available.
Read more about Procurement at https://brainly.com/question/26101126
#SPJ11
A person who does not have capacity to contract may later contract.
A. accept
B. disaffirm
C. counteroffer
D. enforce
Answer:
B.) Disaffirm
Explanation:
I just took it and got it correct
Answer:
B
Explanation: I just took it
The advantages of using an export strategy to build a customer base in foreign markets include o utilizing excess production capacity to make goods for export and otherwise limiting the amount of capital required to begin competing internationally. reducing the time it takes to establish profit sanctuaries in foreign countries. being able to minimize shipping costs, escape tariffs, and avoid the risk of adverse changes in currency exchange rates. being cheaper and more cost effective than licensing and franchising. O being especially well-suited to accommodating variations in local buyer tastes.
The advantages of using an export strategy include utilizing excess production capacity to make goods for export and otherwise limiting the amount of capital required to begin competing internationally.
What is the export market strategy?In contrast to domestic marketing, export marketing concentrates on selling your product abroad. Export marketing can be more difficult because you must cater to other cultures, beliefs, and tastes even if it uses identical tactics to domestic marketing. For businesses that are just starting to enter a new overseas market, exporting is an excellent entry strategy.
The benefits of exporting include a substantial increase in your market size and decreased reliance on any one market. Better margins and bigger economies of scale might result from the increased output. You can modify current items to appeal to new markets, which could make your research and development budget work harder.
To learn more about exporting, visit:
https://brainly.com/question/28344554
#SPJ1
A contractual agreement between two companies in which one company gives the other company, in exchange for a lump sum and royalties, the right to operate a retail outlet using a name and format developed by the first company is referred to as ______. Multiple choice question. multi-level marketing licensing franchising retailing
The contractual agreement described above which is a way of expanding a business venture, is referred to as franchising.
Franchising involves:
A company allowing another company to use its name and brand The company gaining the license paying the original company royalties for the duration of the contractIn this scenario, a company is paying another company a lump sum and royalties and in exchange, they get to use the name and format of the original company.
This is synonymous with a franchise so we can conclude that this is franchising.
Find out more at https://brainly.com/question/3032789.
drawing increase the investment of the owner true or false
Your plan projects revenue of $5,000, $8,000, and $10,000 in years 1 through 3. Expenses are projected to be $9,000 for each of years 1 through 3. If your only funding need is the gap between revenue and expenses, which is the best estimate of your maximum cumulative funding need?
a) $0
b) $1,000
c) $4,000
d) $50,000
Answer:
c) $4,000
Explanation:
The only funding needed is the difference between revenue and expense.
For year 1: funding required is $9,000 -$5000 = $4000
For year 2: funding required is$ 9,000 - $8000 = $1000
For year 3: funding required is $9000 -$10,000 = -$1000
cumulative funding = $4000, + $1000 + (-$1000)
=$5000 - $1000
=$4000
a growth strategy involves expansion of one or more aspects of a business. (true or false)
It is highly appropriate and completely accurate to be mentioning that expansion of one or more aspects of the businesses are involved under a growth strategy. Therefore, the said statement holds true.
A growth strategy can be taken into general sense of understanding as the strategy that has a primary aim of reaching to a goal-oriented position by expanding the scope of operations of the businesses. A growth strategy can aim primarily towards more than one expansion at the same time during the process.
Learn more about a growth strategy here:
https://brainly.com/question/14546783
#SPJ4
which acronym may appear on a dietary supplement indicating that it has been certified by an independent laboratory to be pure and produced using good manufacturing processes?
This mark is your assurance that the product has been tested by one of the most respected independent certification companies in existence today — NSF.
What types of credentials are available?Your ability to carry out a particular work is demonstrated by a professional certification or license. Include only the individual's certifications or licenses. Certified teachers, registered nurses, licensed professional engineers, project managers, and IT professionals are a few examples.
What is a work certification?You can demonstrate that you have particular knowledge or skills by obtaining a certification. Typically, they are connected to a profession, a technology, or an industry. A professional association or business that focuses on a specific industry or technology is typically the source of certifications.
To know more about Certification visit:
https://brainly.com/question/29999363
#SPJ4
Beverly Hills Autos (BHA) LLC is a retail car dealership organized as a limited liability company and engaged in the business of selling various brands of luxury automobiles and SUVs in several dealership locations. The LLC was structured as a manager- managed LLC with two managing members and six other members who were primarily investors. The parties had an operating agreement that provided the structure and authority of managing members, included a provision eliminating liability for a breach of the duty of care, and stated that the members agreed to abide by the default LLC statute in their state based on the Uniform Limited Liability Company Act (ULLCA) for terms not in the agreement. One of the nonmanaging members, Luciano, began a conversation with the owner of another car dealership and eventually negotiated a merger agreement. However, the managing members were out of town, and Luciano signed the agreement on behalf of the partnership without the managers' knowledge. When the managing members learned of the merger, they immediately attempted to cancel the contract on behalf of BHA. Will a court support BHA's attempt to cancel the contract? What will be BHA's likely theory of the case? Assume that the managing members agreed with the transaction and signed on in agreement. Given BHA's choice of business entity, what are the options for financing this transaction? Would an LLP be a better form than an LLC for BHA? Why or why not? Assume that Luciano didn't bring the opportunity to the LLC members but rather purchased the competing dealership with another partner outside the LLC. Subsequently, Luciano otters to sell the dealership to BHA at a premium over what he paid for it. Has Luciano breached his fiduciary duty? If so, which one? If Luciano decides to exercise his dissociation rights, what is the impact on the remaining members of the LLC? Is dissolution of the LLC triggered by Luciano's dissociation?
BHA’s managing members will have a case for cancellation of the contract because Luciano signed it without the knowledge of the managing members.
The LLC’s likely theory of the case will be based on the fact that Luciano didn’t have the authority to enter into a merger agreement on behalf of the LLC without the knowledge of the managing members. BHA could finance this transaction by seeking financing from various sources such as banks, or private investors. An LLP wouldn’t be a better form than an LLC for BHA because the LLC is already set up to handle the financing options of BHA. According to the scenario presented, Luciano has breached his fiduciary duty of loyalty by not bringing the opportunity of purchasing the competing dealership to the LLC members. Luciano’s dissociation rights will result in him having no further obligation or authority to participate in the LLC’s activities and transactions. Dissolution of the LLC will be triggered if Luciano dissociates from the LLC.
To know more about finance, visit:
brainly.com/question/10024737
#SPJ11
In which of the following situations would it be important for a successful, existing
business to develop a new business plan
Intending to open additional locations
Managers spend most of their time
Select one:
creating reports
working alone
working with others
in long meetings
Answer:
Working with others
Explanation:
the expected return on the market portfolio is 17%. the risk-free rate is 8%. the expected return on abc inc. common stock is 22%. the beta of abc inc common stock is 1.50. within the context of the capital asset pricing model, . group of answer choices b. abc inc.'s stock is fairly priced d. abc inc. stock's alpha is 5.5% a. abc inc. stock's alpha is -5.5% c. abc inc.'s stock is underpriced
The Expected Return is 21.5% but the actual expected return is 22%, we can conclude that the stock is abc inc.'s stock is fairly priced. Thus, option b is correct.
Risk-Free Rate = 8%
Expected Return = 17%
The beta of ABC Stock = 1.50
Expected Return on Common Stock = 22%
According to the Capital Asset Pricing Model (CAPM), the anticipated return on a deposit is defined by its beta, the risk-free rate, and the expected return on the market portfolio. The formula used to calculate is:
Expected Return = Risk-Free Rate + Beta x (Return on Market - Risk-Free Rate)
Expected Return = \(8*\frac{1}{100} + 1.50 * (17*\frac{1}{100} - 8*\frac{1}{100})\)
Expected Return = 8% + 1.50 * 9%
Expected Return = 21.5%
The Expected Return is 21.5%, Therefore we can conclude that that the stock is slightly overpriced.
To learn more about Expected Returns
https://brainly.com/question/15688483
#SPJ4
Using the CAPM model, we can determine that ABC Inc. stock is slightly overpriced with a negative alpha of -5.5%, indicating that it is underperforming relative to what would be predicted by the model. Here option A is the correct answer.
The Capital Asset Pricing Model (CAPM) is a widely used model that helps investors determine the expected return on an asset or a portfolio of assets. According to CAPM, the expected return on an asset is equal to the risk-free rate plus a risk premium, which is proportional to the asset's beta and the market risk premium. The market risk premium is the difference between the expected return on the market portfolio and the risk-free rate.
Using the information provided, we can calculate the market risk premium as follows:
Market risk premium = Expected return on a market portfolio - Risk-free rate
= 17% - 8%
= 9%
Next, we can use CAPM to calculate the expected return on ABC Inc. common stock as follows:
Expected return on ABC Inc. common stock = Risk-free rate + Beta × Market risk premium
= 8% + 1.50 × 9%
= 21.5%
Comparing the expected return on ABC Inc. common stock (21.5%) to its actual expected return (22%), we can conclude that the stock is slightly overpriced. This is because the stock's expected return is higher than what would be predicted by the CAPM. The difference between the expected return and the actual expected return is known as alpha.
Therefore, we can conclude that the correct answer is (a) ABC Inc. stock's alpha is -5.5%. This means that the stock has a negative alpha, indicating that it is underperforming relative to what would be predicted by the CAPM.
To learn more about CAPM model
https://brainly.com/question/28208903
#SPJ4
Which marketing metric might be used to evaluate the performance of a company's implementation of its marketing plan
The marketing metric that can be used to evaluate a company's marketing plan is : Portfolio analysis.
What is portfolio analysis?Portfolio analysis is an examination of the components included in a mix of products with the purpose of making decisions that are expected to improve overall return.
Steps to portfolio analysis includes:
Identifying the key businesses that make up the company, called the strategic business units. Measure the attractiveness of each SBU and decide how much support each deserves.Therefore, portfolio analysis is a marketing metric, used to evaluate the performance of a company's implementation of its marketing plan.
Learn more about portfolio analysis here : https://brainly.com/question/2758250
A special type of goal that acts as a stepping stone for other goals is called
an inner-term goal
a mid-term goal
a part-term goal
a short-term goal
A special type of goal that acts as a stepping stone for other goals is called short-term goal
A unique kind of shorter-term goal is an enabling goal. It is composed in order to advance a longer-term objective. Enabling goals serve as stepping stones that allow us to track our development toward longer-term objectives.
Even while short-term objectives aren't always easy to achieve, they're nevertheless crucial steps in the right direction. It is preferable to further divide them into weekly or monthly stepping stone goals when organizing these. This will lay the groundwork for achieving your goals.
To know more about short term goals :
https://brainly.com/question/7787473
#SPJ1
Answer: short-term goal
Explanation: I hope this helps you
Sorting a list by region before printing might help a company save money with
postal costs
production costs
labeling costs
printing costs
it helps a company save money with POSTAL COSTS
PLZ HELP: FIND THE PROFIT
Fixed costs are £26,000 per year, and variable costs include wages at £10 per
unit, raw materials at £12 per unit and delivery/packaging at £3 per unit. It is expected that a business will make and sell 750 units during the year, with
a selling price of £26.
Answer:
Net loss -£25,250
Explanation:
The computation of the profit is shown below:
Sales (750 units × £26) £19,500
Less: Variable cost (750 units × £25) £18,750
Contribution margin £750
Less: Fixed cost £26,000
Net loss -£25,250
The £25 could be calculated below:
= £10 + £12 + £3
= £25
Basically applied the above format
The tragedy of the commons will be evident when a growing number of sheep grazing on the town commons leads to a destruction of the grazing resource. To correct for this problem, the town could?.
To correct for this problem, the town could auction off a limited number of sheep grazing permits.
Define grazing.In agriculture, grazing is a method of animal husbandry where domestic livestock are allowed to roam outdoors and consume wild vegetations to convert the otherwise indigestible (by human gut) cellulose within grass and other forages into meat, milk, wool, and other animal products, frequently on land unsuited for arable farming.
To maximize productivity, farmers can use a variety of grazing techniques, such as rotational grazing within a grazing period, seasonal grazing, or continuous grazing. Ley farming, which alternates arable and fodder crops, rest rotation, postponed rotation, and mob grazing, which gives grasses more time to recuperate or leaves land fallow, are examples of farming methods that use longer rotations.
to know more about agriculture check the link given below:
brainly.com/question/11158509
#SPJ4
All taxpayers can make tax payments using a direct debit from their bank account.
True
False
Answer:
false
Explanation:
In the United States, total government purchases of goods and services make up about ____________________ percent of all the goods and services the country produces. a. 75 b. 32 c. 12 d. 50
The United States government is responsible for buying c. 12% of all goods and services.
Government spending in the United States comprises about 12% of the total GDP of the United States. The main things the government spends on are:
Defense Social welfare EducationBy buying up these things, the U.S. government is not only helping and protecting Americans, it is helping the economy as well because government spending allows for employment to grow.
In conclusion, 12% of goods and services produced in the U.S. are purchased by the U.S. government.
Find out more here https://brainly.com/question/10667970.
Interest groups are often categorized by the causes or people they represent. Match each example of a specific interest group to the correct interest group category.
Public action committees (PAC) is an example of a specific interest group that was established primarily to influence election.
What is an interest group?An interest group can be defined as a group that comprises individuals who are only concerned about influencing policies of the government based on their interests, cause, common aims, goals, or people they represent.
In the United States of America, some examples of interest groups include the following:
Public action committeesLabor groupsEnvironmental interest groupsAnimal rights groupsRead more on interest groups here: https://brainly.com/question/15936960
Melissa is very good at her Revenue job. Which skills does Melissa most likely have?
performing specialized work to support an embassy
analyzing information from discussions or applications
public speaking and debating
reviewing and analyzing tax forms!
Answer:
reviewing and analyzing tax forms!
Explanation:
Revenue is the total value of goods and services sold by a business in a financial period. However, the revenue department or a revenue officer refers to civil servants who collect taxes and other revenues on behalf of the government.
Melisa could probably be working in a government agency tasked with collecting revenue, such as the US's IRS. If she is very good at her job, it means she is an expert in reviewing and analyzing tax forms.
Answer:
reviewing and analyzing tax forms
Explanation:
I copied the other dude
A
person who
owns stock in a
corporation.
which of the following is (are) true regarding timeliness and the importance of periodic reporting? (check all that apply.) a. decision makers requires financial statements that are audited to ensure reliability. b. the value of information is often linkled to its timeliness. c. useful information must reach decision makers frequently and promptly. d. businesses report financial information at regular intervals to ensure timeliness of data,
Information's usefulness is frequently correlated with its currentness. Accounting systems produce periodic reports on a regular basis to deliver timely information.
Periodic reports are delivered on a regular basis, such as daily, weekly, monthly, and so forth. It's even referred to on occasion as a recurrent report. A periodic report typically follows a set format or template that is created to satisfy the demands and specifications of that specific project, department, or business.
Regarding timeliness and the significance of periodic reporting, the following statements are true:
1. In order to ensure that the data is current, businesses disclose financial information on a regular basis.
2. Useful information must frequently go to decision-makers.
3. The relevance of information is frequently correlated with its worth.
To learn more about periodic reports visit;
https://brainly.com/question/29858049
#SPJ1
What if this website was a dating and show yourself and butt app/website?
a company has an entire department of people who do not work well iwth people who are different. what should the company do to solve this problem
The company must do to resolve this problem: Train humans within side the branch to get rid of place of work discrimination.
The required details for work discrimination in given paragraph
Discrimination within side the place of work occurs while someone or a set of humans is handled unfairly or unequally due to unique characteristics. These included characteristics encompass race, ethnicity, gender identity, age, disability, sexual orientation, non secular beliefs, or countrywide origin. Discrimination within side the place of work can take place among coworkers, with task applicants, or among personnel and their employers. Whether on cause or with the aid of using accident, discrimination, irrespective of intention, is illegal. Discrimination takes place while you are handled in a different way at paintings due to the fact you belong to a included class. In different words, while you've been handled unfairly due to who you're or how you’re perceived, you've got been discriminated against. Harassment, on the opposite hand, is ugly and undesirable behavior.
This can be some thing that become stated or written, or it may be bodily contact. The culprit or culprit(s) are planned and continual of their conduct, which creates a opposed environment.
To know about work discrimination click here
https://brainly.com/question/14464014
#SPJ4
In business terms, what does I.T. stand for?
A. Insurance Trading
B. Independent Theory
C. Item Trading
D. Information Technology
The debt-to-income (DTI) ratio of a borrower is used to compare to the borrower's gross monthly income.
a monthly credit expenses (credit cards and loans)
b. monthly debt expenses from loans (home, personal, auto, student)
c. monthly housing expenses (rent or mortgage, homeowner's insurance, property tax, utilities)
d. monthly living expenses (rent or mortgage, property tax, mortgage insurance, minimum credit
card payments, and monthly loan payments)
Please select the best answer from the choices provided
A
B.
ОООО
С
D
Mark this and retum
Save and Exit
Next
Submit
Answer:
D on edge
Explanation:
The debt-to-income (DTI) ratio of a borrower is used to compare the borrower's gross monthly income. The monthly living expenses (rent or mortgage, property tax, mortgage insurance,
What is income?Income is the consumption and saving opportunity gained by an entity within a specified timeframe, which is mainly shown in the medium of exchange terms. Income is difficult to define conceptually,
The term debt to income refers that, the debt-to-income ratio (DTI) is all your monthly debt payments divided by your gross monthly income. This number is one-way lenders measure your ability to manage the monthly payments to repay the money you plan to borrow.
Therefore, Thus option(C) is correct.
Learn more about income here:
https://brainly.com/question/14732695
#SPJ2
Conservative investors are attracted to Blue Chip stocks.
6. A bear market occurs when investors are pessimistic about the economy.
Conservative investors are attracted to Blue Chip stocks due to their perceived stability and reliability. In a bear market, when investors are pessimistic about the economy, conservative investors may exercise caution and adopt defensive strategies to protect their investments from potential losses.
Conservative investors are indeed often attracted to Blue Chip stocks. Blue Chip stocks are shares of large, well-established, financially stable companies with a history of consistent earnings and dividend payments. These companies are often leaders in their respective industries and have a reputation for stability and reliability. Conservative investors prefer Blue Chip stocks because they are considered to have a lower risk compared to smaller, less-established companies. These stocks are often considered to be more resilient during economic downturns and tend to provide steady returns over the long term.
A bear market, on the other hand, refers to a period of declining stock prices in the financial markets. It is characterized by widespread pessimism and negative sentiment among investors, leading to a downward trend in the overall market. During a bear market, stock prices tend to fall, and investors may experience losses on their investments.
The occurrence of a bear market is influenced by various factors such as economic conditions, geopolitical events, investor sentiment, and market dynamics. When investors have a negative outlook on the economy, they may sell off their investments, leading to a downward spiral in stock prices.
In a bear market, conservative investors may become more cautious and risk-averse. They may seek to protect their investments by shifting towards more defensive strategies, such as reducing exposure to equities and increasing investments in assets considered less volatile, such as bonds or cash.
For more such information on: investors
https://brainly.com/question/31358905
#SPJ8
When evaluating a special order, management should?
a. only accept the order if the special-order price exceeds all product costs.
b. only accept the order if the special-order price exceeds fixed product costs.
c. only accept the order if the special-order price exceeds total variable product costs.
d. only accept the order if the special-order price exceeds full absorption product costs.
e. only accept the order if the special-order price exceeds regular sales revenue.
When evaluating a special order, management should only accept the order if the special-order price exceeds all product costs, which include both variable and fixed costs.
This ensures that the company is not selling the product at a loss and that the order will contribute to the company's overall profitability.
This is because, in such a situation, the company will cover all variable costs associated with the order and generate additional contribution margin. Fixed costs will not be affected by the special order, so they are not relevant to the decision. Accepting the order at a price above the total variable product costs ensures that the company is making a profit on the special order without negatively impacting its regular sales or operations.
To know more about variable and fixed costs visit-
brainly.com/question/14560343
#SPJ11