The answer to this statement is true. It is because they do
not have or provide publicly financed health insurance for the unemployed for
they only offer it to those people who are usually employed as they given these
type of services to them.
Answer:
1. Several individuals operate the cash register using the same register drawer. Weak Internal Control. <u>Establishment of Responsibility Internal control violated. </u>
Having many individuals have access to the cash register can lead to theft. Establishment of Responsibility is an internal control that calls for the minimal amount of people being able to do one task. This way issues can be traced faster.
2 .A monthly bank reconciliation is prepared by someone who has no other cash responsibilities. Good Internal Control. <u>Independent Internal Verification control followed. </u>
Independent Verification occurs when a person who is an employee of a company but not related to a task, audits that task to find out if any irregularities are present. It ensures unbiased review.
3. Joe Cockrell writes checks and also records cash payment journal entries. Weak Internal Control. <u>Segregation of Duties Internal control violated. </u>
Segregation of duty calls for the division of a job process into tasks that different people are to accomplish especially in relation to cash. It can help avoid fraud because people will not be able to approve payments for themselves which is what Joe Cockrell can do in this scenario. Joe can withdraw and decide not to record it.
4 .One individual orders inventory, while a different individual authorizes payments. Good Internal Control. <u>Segregation of Duties Internal control followed. </u>
Segregation of duty calls for the division of a job process into tasks that different people are to accomplish especially in relation to cash. By having one individual order inventory and the other authorizing payments, fraud can be better avoided.
5 .Unnumbered sales invoices from credit sales are forwarded to the accounting department every four weeks for recording. Weak Internal Control. <u>Documentation Procedures Internal control violated. </u>
Documentation procedures in a company ensure that the paper trail is efficiently recorded so that transactions can be followed up speedily. By sending unnumbered sales invoices to the Accounting department as well as taking so long to do so, the company is running an inefficient documentation process that will make tracking transactions more difficult.
Answer:
decreased.
Explanation:
An increase in the time between when an order to trade a security is placed and when the order is executed most likely indicates that market efficiency has: decreased.
The fact about Market efficiency is that it does not require that the market price be equal to true value at every point in time. All it requires is that errors in the market price be unbiased, i.e., that prices can be greater than or less than true value, as long as these deviations are random.
Answer:
stocks market value is $25
so correct option is d
Explanation:
given data
annual dividend = $5 per share
par value = $30
required return = 20%
To find out
stocks market value
solution
we consider stock market value is M
we know here annual dividend is $5 per share
so we can say
annual dividend = market value × require return .................1
put here all these value
annual dividend = market value × require return
5 = 20% × M
M = 5 / 20%
M = 5 / 0.20
M = 25
stocks market value is $25
so correct option is d
Answer: Between $9,690.1 and $10,309.9 monthly
Explanation:
To calculate confidence interval, we apply this formula:
M ± Z* (σ/√N)
Where M is sample mean; Z is the appropriate value given in the standard normal distribution table at various confidence levels. At 95% confidence level, Z is 1.96. σ population standard deviation; N is sample size.
We know that sample mean is 10,000; sample size is 40; population standard deviation is 1000. We substitute relevant values into the formula
=10,000 ± 1.96(1000/√40)
=10,000 ± 309.903
Note that 309.903 is referred to in statistics as the margin of error
Thus, the lower limit of 95% confidence interval of the population mean given these values is
10000 – 309.903= $9,690.097
Thus, the upper limit of 95% confidence interval of the population mean given these values is 10000 + 309.903= $10,309.903
Statistical interpretation of this result is that we are 95% confident that the average sales per sale person in the pharmaceutical company lies between $9,690.1 and $10,309.9 monthly.