Three different principles of internal control that are violated by Isobel's real estate firm are segregation of duties, proper authorization and approval, and documentation and recording.
Segregation of duties: Isobel's firm violates this principle by having Jerry serve as both the office manager and accountant. Jerry's dual role allows him to have control over financial transactions from both the office management and accounting perspectives, increasing the risk of errors or fraudulent activities going undetected.
Proper authorization and approval: The firm's practice of allowing agents to directly receive payment from clients as their bonuses without involving the firm violates this principle. By bypassing the proper authorization and approval process, there is a lack of oversight and accountability for the bonus payments, increasing the risk of misappropriation or improper recording of transactions.
Documentation and recording: The firm's credit card policy, which only requires a receipt for purchases over $100 or for maintenance and repairs, violates the principle of proper documentation and recording. This lax requirement leaves room for unrecorded or unauthorized expenses to go unnoticed, potentially leading to inaccurate financial statements and difficulties in tracking expenses.
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An Apprenticeship Agreement between the apprentice and the (blank) must be signed and registered before the apprentice can be given employment or attend classes.
An Apprenticeship Agreement is a legally binding contract between an apprentice and their employer. This agreement establishes the terms and conditions of the apprenticeship, outlining the responsibilities of both parties involved. It is crucial for this agreement to be signed and registered before the apprentice can be given employment or attend classes.
The purpose of an Apprenticeship Agreement is to ensure that both the apprentice and the employer understand their roles and responsibilities throughout the apprenticeship program. It typically includes details such as the duration of the apprenticeship, the type of training to be provided, the specific occupation or trade, and the expected outcomes upon completion of the program. Additionally, the agreement outlines the compensation and benefits that the apprentice will receive during their training.
In the blank space of your question, the appropriate term to fill would be "employer." Thus, the Apprenticeship Agreement must be signed and registered between the apprentice and the employer. By doing so, both parties are acknowledging their commitment to the apprenticeship program, ensuring a smooth and successful training experience for the apprentice.
In conclusion, the Apprenticeship Agreement is an essential element in the apprenticeship process, acting as a contract between the apprentice and the employer. It must be signed and registered to validate the apprentice's employment and attendance in the training program, safeguarding the interests of both parties and promoting a successful learning experience.
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Knowledge Check 01 Cost-volume-profit analysis is used to predict how changes in _____ levels affect profit. multiple choice fixed and variable production and sales costs and sales sales and production
Answer:
High
Explanation:
because the change of volume profit is always increase.
On february 2, miles inc. Pays $800 to purchase a one-year insurance policy that will expire next year on january 31. Miles indicates this transaction in its books by recording an $800 reduction in cash and an $800 increase in expenses. Did miles make the proper accounting entries? why or why not?.
If on february 2, miles inc. Pays $800 to purchase a one-year insurance policy. No miles did not make the proper accounting entries.
Insurance policy can be defined as a coverage that help to cover cost incase of unforeseen circumstance.
Based on the scenario mile did not makes the proper accounting entries based on the following:
Prepaid insurance is not an expense but an asset.Hence, the company should have offset the decrease in cash of the amount of $800 and $800 increase in prepaid insurance into an asset account.Therefore miles did not make the proper accounting entries.
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A marketer is keeping track of the revenue generated by his campaign. He wants to
see a specified return-on-investment for his monthly ad spend.
Which type of automated bidding strategy will meet his needs?
An awareness-based bidding strategy
A conversion-focused bidding strategy
A revenue-focused bidding strategy
A consideration-focused bidding strategy
Answer:
C). A revenue-focused bidding strategy.
Explanation:
As per the details given in the question, 'a revenue-focused bidding strategy' will most likely assist the marketer in upkeeping his needs as his key focus is to discern a particular return on his investment that he made for the monthly ad spend made by him. This automated strategy of bidding will allow him to keep track of the revenue and escalate the return. Thus, option C is the correct answer.
difference of dependent clause vs independent clause
A dependent clause is a set of words that includes a subject and a verb but does not fully convey a notion or function as a sentence on its own.
A dependent clause is a set of words that has a subject and a verb but cannot stand on its own as a sentence since it does not represent a full notion. Its meaning cannot be fully understood without an independent phrase. For instance: When the sun sets
An independent clause is a set of words that represents a full notion and has a subject and a verb. That is a whole statement on its own. The sun sets in the west, for instance.
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The opening balance of your most recent statement should equal which of the following?
Closing balance of you last statement
Closing balance of your next statement
Opening balance of your next statement
No balance should equal the opening balance
Closing balance of your next statement balance of your most recent statement should equal.
The amount of money in a company's account at the beginning of a new financial period is known as the opening balance. Whether you're starting from zero or beginning a new financial year, this is the first figure entered into your records.
Your closing balance is the amount that remains at the end of the month once all of your sales have been tallied and all of your payments have been made. The closing balance is subsequently transferred to the balance sheet for the following month and becomes the opening balance for that period.
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How does Ana spend her time in seedfolks?
Answer:
B
Explanation:
Got it right on edg 2020
In it firt year, "Abol Buna Company" had the following experience
Sale = 25,000 unit Selling price = Birr 100
TVC = Birr 1,500,000 TFC = Birr 350,000
Required:
Develop revenue, cot and profit function for the company in term of quantity. Find the Breakeven point in term of quantity
Convert the cot equation in term of quantity into a cot equation in term of revenue
Find the Breakeven revenue
If profit had been Birr 500,000 what would have been the ale volume (revenue) and the quantity of ale. What would be the profit if ale were Birr 2,000,000?
To develop the revenue function, we can use the information provided about the sale and the selling price. The revenue can be calculated as the product of the sale and the selling price.
In this case, the revenue function would be:
Revenue = Sale * Selling Price
= 25,000 * 100 Birr/unit
= 2,500,000 Birr
To develop the cost function, we can use the information provided about the total variable cost (TVC) and the total fixed cost (TFC). The cost function would be:
Cost = TVC + TFC
= 1,500,000 Birr + 350,000 Birr
= 1,850,000 Birr
To find the profit, we can subtract the cost from the revenue. The profit function would be:
Profit = Revenue - Cost
= 2,500,000 Birr - 1,850,000 Birr
= 650,000 Birr
To find the breakeven point in terms of quantity, we need to find the point at which the cost and the revenue are equal. This can be done by setting the profit function equal to zero and solving for the quantity.
Profit = 0 = Revenue - Cost
= 2,500,000 Birr - 1,850,000 Birr
= 650,000 Birr
At this point, the cost and the revenue are equal, so the breakeven point in terms of quantity is 25,000 units.
To convert the cost equation in terms of quantity into a cost equation in terms of revenue, we can use the revenue function to express the quantity in terms of revenue. The cost function would then be:
Cost = TVC + TFC
= 1,500,000 Birr + 350,000 Birr
= 1,850,000 Birr
To find the breakeven revenue, we can set the profit function equal to zero and solve for the revenue.
Profit = 0 = Revenue - Cost
= Revenue - (TVC + TFC)
= Revenue - 1,850,000 Birr
At this point, the cost and the revenue are equal, so the breakeven revenue is 1,850,000 Birr.
If the profit had been 500,000 Birr, we can use the profit function to solve for the sale and the revenue.
Profit = 500,000 Birr = Revenue - Cost
= Revenue - (TVC + TFC)
= Revenue - 1,850,000 Birr
Solving for the revenue, we get:
Revenue = Profit + Cost
= 500,000 Birr + 1,850,000 Birr
= 2,350,000 Birr
Then, using the revenue function to solve for the sale, we get:
Revenue = Sale * Selling Price
= 2,350,000 Birr / 100 Birr/unit
= 23,500 units
If the revenue had been 2,000,000 Birr, we can use the revenue function to solve for the sale and then use the profit function to solve for the profit.
Sale = Revenue / Selling Price
= 2,000,000 Birr / 100 Birr/unit
= 20,000 units
Profit = Revenue - Cost
= 2,000,000 Birr - (TVC + TFC)
= 2,000,000 Birr - 1,850,000 Birr
= 150,000 Birr
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A major drugstore chain whose stocks are traded on the New York Stock Exchange was considering a 2-for 5 reverse split. If the pre-split market cap was 1.71B, what would the post-split market cap be?
A major drugstore chain whose stocks are traded on the New York Stock Exchange was considering a 2-for 5 reverse split. the post-split market cap be 684 million
What is market cap?Generally, In a 2-for-5 reverse split, every 5 shares of stock are combined into 2 shares. This means that the number of outstanding shares of stock will be reduced by 2.5 times. If the pre-split market cap is 1.71B, the post-split market cap can be calculated by dividing the pre-split market cap by 2.5:
1.71B / 2.5 = 684 million
So, the post-split market cap would be approximately 684 million. Please note that this calculation is based on the assumption that the value of the company's stock remains the same after the reverse split. In practice, the value of the stock may change as a result of the reverse split.
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Before sending a résumé, you should always checked with the employer to see what operating system they use.
•T
•F
Answer:
The answer is true!
Explanation:
Edge2021
Before sending a resume, you should always check with the employer to see what operating system they use, is the true statement.
What is operating system?The operating system of the computer controls all of the hardware and software. It carries out fundamental operations including managing input and output, managing files, memory, and processes, as well as managing peripherals like disk drives and printers.
An operating system is a group of software applications that controls how computer hardware and software operate. Communication between people and machines serves as a bridge. Windows, Linux, BOSS, and other operating systems are a few examples.
Some examples of operating systems that let users run applications like Microsoft Office, Notepad, and games on a computer or mobile device are Windows, Linux, and Android.
Thus, it is the true statement.
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Which promotional tool can be more effective when you are selling a complex product?
A. advertising
B. sales promotion
C. personal selling
D. public relations
Answer:
Personal selling
Explanation:
Personal selling is more flexible than other promotional tools such as advertising and sales promotion.
In the consumption function, an individual household's consumer spending: a) is positively related to the interest rate. O b) is positively related to its current disposable income. c. is negatively related to its autonomous consumption and its marginal propensity to consume. d) is determined by the accelerator principle.
Option B: In the consumption function, an individual household's consumer spending is positively related to its current disposable income.
The relationship between household consumption and numerous factors is represented by the consumption function. While the impact of the interest rate on borrowing costs and savings can have an indirect impact on consumer spending, there is no direct connection between the interest rate and consumer spending in the consumption function.
The term "autonomous consumption" refers to the basic level of consumer spending that is independent of income. The percentage of additional income that a household decides to spend on consuming is known as the marginal propensity to consume (MPC). Spending by consumers has a favorable relationship with both autonomous consumption and the MPC.
However, the acceleration principle is more of an idea for investment spending than for consumer purchasing. It implies that variations in the pace of aggregate demand growth are what affect investment levels.
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In the consumption function, an individual household's consumer spending is influenced by the interest rate, current disposable income, autonomous consumption, and the marginal propensity to consume.
In the consumption function, an individual household's consumer spending is influenced by several factors.
Firstly, the interest rate plays a significant role. When the interest rate is low, it becomes cheaper for households to borrow money, leading to increased consumer spending. Conversely, when the interest rate is high, borrowing becomes more expensive, and households tend to save rather than spend.
Secondly, the household's current disposable income also affects consumer spending. When disposable income increases, households have more money available for spending, which leads to an increase in consumer spending. On the other hand, when disposable income decreases, households have less money to spend, resulting in a decrease in consumer spending.
Additionally, consumer spending is influenced by autonomous consumption and the marginal propensity to consume. Autonomous consumption refers to the minimum level of consumption that households engage in even when they have no income. If autonomous consumption is high, consumer spending tends to be higher. The marginal propensity to consume represents the proportion of additional income that households spend. If the marginal propensity to consume is high, consumer spending will increase as income increases.
However, the accelerator principle does not directly determine an individual household's consumer spending. The accelerator principle relates changes in consumer spending to changes in investment, rather than being a direct determinant of consumer spending.
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Pisces Corp. is an apparel manufacturing company. It purchased a few of its raw material suppliers and set up their factories close to the clothing stores so that the company does not have to invest in transportation charges. This is an example of which of the following? Select one.
a) Backward integration
b) Horizontal diversification
c) Forward integration
d) Downward diversification
Raw material suppliers and set up their factories close to the clothing stores so that the company does not have to invest in transportation charges. This is an example of Backward integration.
What is meant by backward integration?Backward integration is a type of vertical integration when a company takes on responsibilities that were previously handled by companies higher up the supply chain. In other words, backward integration occurs when a business acquires a supplier of goods or services for its own operations.Forward integration is the acquisition of businesses on the lower side of the supply chain, whereas backward integration is the merger and purchase of businesses on the higher side.Backward integration, a type of vertical integration, enables companies to gain control over suppliers and boost the effectiveness of their supply chains. In order to obtain a competitive advantage over rival companies and cut expenses, businesses sometimes merge with or purchase their suppliers.Learn more about backward integration refer to :
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a partner has express authority to do whatever he or she is authorized to do by the articles of partnership
True. In a partnership, the partners' authority to act on behalf of the partnership is typically defined in the articles of partnership or partnership agreement.
Express authority refers to the specific powers and responsibilities granted to a partner as outlined in these governing documents. If the articles of partnership explicitly authorize a partner to perform certain actions or make decisions, then that partner has the express authority to do so. This means they have the power and authorization to act on behalf of the partnership within the scope of their designated responsibilities.
However, it's important to note that express authority can vary depending on the specific provisions outlined in the articles of partnership. It is crucial for partners to review and understand these provisions to ensure they are acting within the boundaries of their authorized powers and responsibilities.
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holding all else constant, if people eat out more at expensive restaurants when they earn more, then expensive restaurant meals are
Holding all else constant, if people eat more at expensive restaurants when they earn more, then expensive restaurant meals are a normal good.
What is a normal good?Corresponds to a product or service that is directly related to the consumer's income, that is, it follows the concept of "coeteris paribus", which relates the increase in demand to an increase in consumer income.
Normal goods are divided into essential goods and luxury goods. An example of essential goods is food and clothing. An example of luxury goods might be a private jet.
Therefore, normal goods correspond to the majority of goods produced in an economy, whose purpose is to bring improvements and ease to the lives of individuals.
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The measure of the total annual income received by residents of a nation is called _____.
Answer: Gross National Income
Explanation:In a bid to measure and track the wealth of a nation, various economic terms are employed in keeping track of income generated by a nation from time to time usually on an annual basis. The Gross Domestic Product defines the value of all goods and services produced in a nation within a year. Hence, Gross Domestic Product(GDP) is concerned goods and services of domestic nature. The Gross National product(GNI) encompasses a nation's GDP and foreign revenue earned by nationals of a country.
Answer: The answer is GROSS NATIONAL INCOME
Explanation: Gross National Income (GNI) is the cummulative amount earned by individuals and businesses of a nation.It is a measure of the total annual income received by reaidents of a nation.
GNI is an alternative to Gross domestic product (GDP) as it sums up all income earned by residents of a nation removing the net income from abroad.
Gregory is aiming to get the _ symbol for his products, which is awarded by the _
Answer: environmental friendly refrigerators prestigious , engineering agency
Explanation: Separated by Commas .
what are the roles of financial manager ?
Answer:
hope it helps
Explanation:
A Financial Manager, or Finance Manager, builds financial strategies and reports to help companies improve their financial health and meet their long-term goals. Their main duties include preparing an organizations’ activity reports, creating financial forecasts and brainstorming ways to maintain or reduce company costs
robert worked as a campus police officer at cal poly pomona. as part of his union contract, robert was required to submit to a drug test four times per year. he tested positive for crystal meth (an illegal drug) during one of his regularly-scheduled drug tests. according to the same union contract, a positive test for an illegal drug could result in automatic termination, so robert was fired from his job. robert sued cal poly pomona for wrongful employment termination. what should be the result? a. robert should win since drug tests can never be required of any employee b. robert should win since passing a drug test has nothing to do with being a campus police officer at cal poly pomona. c. robert should lose since the union contract allowed his termination under the circumstances. d. robert should win since random drug tests are an invasion of california's privacy rights under the california constitution and, therefore, are prohibited.
The correct option is C. Robert should lose since the union contract allowed his termination under the circumstances.
Employment is a courting between two events regulating the supply of paid labor offerings. commonly primarily based on a settlement, one birthday celebration, the employer, which might be an enterprise, a new not-for-profit agency, a co-operative, or some other entity, pays the opposite, the worker, in going back for carrying out assigned work. employees work in return for wages, which can be paid on the basis of an hourly price, via piecework or an annual income, depending on the type of paintings a worker does, the triumphing situations of the world, and the bargaining electricity among the parties.
Employees in a few sectors may receive gratuities, bonus payments, or inventory options. In some types of employment, employees may additionally acquire benefits further to charge. advantages may include medical insurance, housing, and incapacity insurance. Employment is generally ruled by using employment legal guidelines, agency, or felony contracts.
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What are there conditions required for
germination of seed?
Answer:
The answer is below
Explanation:
The conditions required for the germination of a seed involve favorable climatic conditions and nice vegetation.
This includes favorable weather, adequate water or precipitation, sufficient level of atmospheric condition, suitable sunlight conditions, loamy soil, well prepared and coarse seedbed, and at the same time, the degree of seed to soil contact must be accurate to have proper and targeted seeds germination.
Valentino & Oaks Footwear sells 100 units of one of a famous brand daily. The supplier takes two days to deliver more, and they want to have a safety stock of three day's sales.
At what quantity should the inventory manager place his/her next order?
PLEASE TELL ME THAT SOMEONE KNOWS REORDER POINTS
Answer:
500 units
Explanation:
In inventory management, the reorder point is the inventory level, where a business needs to issue a purchase order for more stocks. The reorder point is influenced by delivery time, desired safety stock, and the average daily sales.
The formula for calculating the reorder point is as follows.
Reorder point = ( average daily sales x delivery lead time) + safety stock
In this case,
Reorder point = (100 x 2) + (100 x3)
= 200 +300
=500 units
What is a government in regulatory bodies?
Answer:
A regulatory body also called regulatory agency is a public authority or a government agency which is accountable for exercising autonomous authority over some area of human activity in a regulatory or supervisory capacity.
Explanation:
You are an employee for an independent bookstore called Alexandria. Your boss and Alexandria's owner, Frank Miltner, has owned the store for almost thirty years. Frank is worried about his company's ability to compete with online booksellers. He wants to develop a social media presence and use it to help Alexandria connect with customers in the modern market, but he has no idea how to make that happen. It's up to you! Frank begins by asking, "This social media stuff is all free, right? It won't affect our budget?"How do you reply?
Answer:
id leave and go play with my monkey game, because my doctor said I need Legos to go upside down and eat burger king because my foot fell off last year
A contract or ________ stipulates in writing all the client's requirements and gives all of the relevant information.
It should be noted that contract or event profile is usually stipulated in writing all the client's requirements and gives all of the relevant information.
An event profile can be regarded as set of event scripts, which helps to give description about an event.
This profile or contract do list out all the requirements that is needed by a company from the client in executing their services.
Therefore, contract or event profile serves all the client's requirements and gives all of the relevant information.
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Which of the following may not make you eligible for loan forgiveness?
Having a qualifying public service job like working in government or in a non-
profit
Being on an income-driven repayment plan that lasts for 20 or 25 years
Being in an entry-level position for 2-3 years
О.
Teaching in a low-income public school
Submit
There are several ways to qualify for loan forgiveness but one way that isn't is Being in an entry-level position for 2-3 years.
What is loan forgiveness?This is a scheme where a person can either be forgiven for all of their student loans, or a portion of it.
Those who work in government organizations, and non-profits can qualify for this as well as those on an income-driven repayment plan. Being at an entry-level position for 2-3 years does not qualify you.
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individuals in different segments should have ______ within the segment and ______ across the segments.
Answer:
similarities; differences Is correct answer
Explanation:
individuals in different segments should have similarities within the segment and differences across the segments.
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Georgina decides to take a dozen cupcakes to school to sell so she can raise money for her school trip to New Orleans. She prices the cupcakes at $5 each. At the end of the day she is disappointed that she only sold three cupcakes.
This market model is in a [______]? (this is an economics question but I can't choose that as a subject..)
The situation described refers to an economic imbalance.
Economic imbalance is an economic term that refers to:
The scenarios in which an economy does not show an equilibrium between two magnitudes that belong to it. For example:The economic imbalance commonly occurs when the supply of a product or service and its demand are not balanced, on the contrary, they suffer variations that alter the market equilibrium.
According to the above, Georgina experienced this phenomenon (economic imbalance) with her idea of selling cupcakes at her school because the supply (12 cupcakes) greatly exceeded the demand for cupcakes from her schoolmates (3 cupcakes).
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What Economic Issue arises in this graphic due to the Max Price being below Equilibrium?
As u asked in ur question which food we should have before exercise : ANSWER is - Option (B)
cross check if u have doubt it's correct..
Describe each of the three categories that money is generally placed in. Include an example of each. (4 points)
Subject is (Economic)
Answer:
other have in business is 1 pesos 2 pesos if u want to have a price like 1 pesos in 1 piece
If your identity is stolen, you should file a police report.
True
False
Answer:
true like why wouldnt you do that
Explanation:
Answer:
True
Explanation:
having sombody's identity is a very powerful tool