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katovenus [111]
3 years ago
13

Which of the following internal control procedures is not usually performed in the treasurer’s department? A. Verifying the accu

racy of checks and vouchers. B. Controlling the mailing of checks to vendors. C. Approving vendors’ invoices for payment. D. Canceling payment vouchers when paid
Business
1 answer:
makkiz [27]3 years ago
8 0

Answer:

The answer is: C) Approving vendors’ invoices for payment.

Explanation:

Within an organization, the duties of authorizing payments, record keeping and asset custody have to be assigned to separate business units or departments. One single department shouldn't authorize payments and make them. There would be no possible control over what they are doing.

For example, if the treasury department is able to authorize payments, instead of paying $1,000 for an invoice they could pay $50,000 and no one would be able to discover the fraud committed.

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Blissful Blankets' target profit is $520,000. Each blanket has a contribution margin of $21. Fixed costs are $320,000. The numbe
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It can be deduced that the number of blankets that must be sold in order for the company to achieve the target profit is 40000.

<h3>How to calculate the target profit</h3>

From the information, Blissful Blankets' target profit is $520,000 and each blanket has a contribution margin of $21. Fixed costs are $320,000.

Therefore, the number of blankets that must be sold to achieve the target profit will be:

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True or false: A management contract is an arrangement in which one firm contracts with another to produce products to its speci
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The statement which states that a management contract is an arrangement in which one firm contracts with another to <em>produce products</em> to its specifications is false

According to the given question, we are asked to show whether a management contract is one where there is an arrangement between two firms to <em>produce its goods </em>to its specifications.

As a result of this, we can see that a management contract is one where one firm gives its management skills <em>in part or in full</em> to another firm.

With this in mind, we can see that contract manufacturing is one where there is an arrangement in which one firm contracts with another to <em>produce products</em> to its specifications but is in charge of the marketing.

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