Answer:
First Scenario:
The furniture store should develop a system which helps keeps track for the purchases made on account. The system should keep track of invoices and payment due dates. The system should notify the team when the payment due date is near. The system should have controls for identifying duplicate payments.
Explanation:
Second Scenario:
The account payable clerk should keep track of all the invoices entered in the system. The system controls should be efficient so that there is no duplicate payment or missed payment. The system should notify the user when any duplicate invoice entering attempt is made. There should be authorization of invoices before they are entered in the system. The payment process should be segregated between 2 or more users so that there is less risk for fraud.
Answer:
Yana is a village located in forests of the Kumta, Uttara Kannada district of Karnataka, India which is known for the unusual karst rock formations.
Explanation:
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Answer: C) the number of people who redeem the coupon.
Explanation:
The coupon was for people who tried the makeup if they saw the ad. To measure how many people tried the new makeup then based on the ad it would be best to use the number of people who redeemed that coupon when purchasing because it would mean that those people saw the ad and decided to act on it especially if the ad contained an actual physical coupon or a digital coupon that can only be used once. This way Maybelline will know for a fact that those using the coupons saw the ad.
Answer:
The correct answer is letter "A": the rate of return on funds invested in the center.
Explanation:
The Rate of Return or RoR is the earnings an asset generates more than its initial cost. The amount is usually expressed in an annualized percentage rate. The RoR is calculated based on the cash flows generated by the asset. Besides, it can include a capital gain element. The RoR is helpful to find out if the performance of the investment manager was appropriate or not.
Explanation:
The correct journal entry is as follows
Accounts payable A/c Dr $2,300
To Cash A/c $2,254
To Merchandise Inventory A/c $46
(Being due amount is paid and the remaining balance is credited to the cash account)
It is computed below:
For account payable
= $3,200 - $900
= $2,300
For Merchandise inventory
= ($3,200 - $900) × 2%
= $46
