Answer: Management prepares a detailed analysis of gross margin per store and investigates any store that shows a significantly lower gross margin.
Explanation:
The best example of a monitoring control will be that the management prepares a detailed analysis of gross margin per store and investigates any store that shows a significantly lower gross margin.
The gross margin is regarded as the net sales revenue after the cost of goods sold has been deducted. In a situation where there's variation between the value, then it calls for check to ascertain if any fraudulent activity took place.
The mutual understanding and listening to both parties. It helps create a stronger work relationship (this isn’t the exact answer it’s just in my own words)
Answer:
(a) Issued $50,000 par value common stock for cash = Financing Activities
b) Purchased a machine for $30,000, giving a long-term note in exchange. Financing Activities = Non-cash Investing and Financing Activity
(c) Issued $200,000 par value common stock upon conversion of bonds having a face value of $200,000 = Non-cash Investing and Financing Activities
(d) Declared and paid a cash dividend of $18,000 = Financing Activities
(e) Sold a long-term investment with a cost of $15,000 for $15,000 cash = Investing Activities
(f) Collected $16,000 from sale of goods = Operating Activities
Explanation:
The Cash flows related to raising of capital is known as Cash flow from Financing Activities.
The Cash flows related to growing and selling of Assets of the business is known as Cash flow from Investing Activities.
The Cash flow related to trade in Ordinary course business of the Company is known as Cash flow from Operating Activities.
Answer:
Debiting in this case means to add to the inventory. Therefore, crediting means that inventory was used up when closing inventory.
Explanation:
A debit is an accounting entry that either increases an asset or expense account, or decreases a liability or equity account. ... A credit is an accounting entry that either increases a liability or equity account, or decreases an asset or expense account.
