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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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Anastaziya [24]

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4 0
3 years ago
On December 1, 20X4, Line Corp. received a donation of 2,000 shares of its $5 par value common stock from a stockholder. On that
Brrunno [24]

Answer:

$0

Explanation:

The shares that are donated is treated as the treasury shares. The treasury stock and the gain or the revneue account rise the stock market value. If there is an increase in the treasury stock so it reduced the stockholder equity but on the other hand the gain or revenue increase the owner equity

So overall there is no net effect

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7 0
3 years ago
Compare and contrast thinking skills and people skills
zalisa [80]

Thinking skills are internal mental processes like focusing, analyzing information, making mental connections, and generating ideas.

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Both types of skills are essential for success.

8 0
3 years ago
While it is generally accepted that intellectual property rights provide a method for increasing the rate of return for inventor
Dmitry_Shevchenko [17]

Answer: a. sufficient incentives for innovation, as well as completely appropriate incentives for innovation

Explanation:

Some economists do not believe that providing intellectual property rights are enough to inspire or compensate for innovation and believe that even more rights should be given to inventors.

They also do not believe that patents are completely appropriate because they tend to expire eventually.

7 0
2 years ago
Refer to the scenario below to answer the following question(s).Bryant and Anne are the owners of the Good Green Grocer, a small
nasty-shy [4]

Answer: deceptive pricing

Explanation:

       Overall, the answer could be deduced from the defenitions of those terms.

We can surely exclude green washing, which basically means that the product is sold under "eco", "green" label, when it is not. Puffery is a legal practise, which can not be proven to be true or false; which is clearly not the case in this example.

         Now we are left with three categories of deceptive marketing practices. Deceptive packaging means that the product does not fit the image peceived from its package. This might be the design, the size, the picture of the product, etc. Deceptive promotion means that the information on the ads is inaccurate, partly withhold, or false.  Deceptive pricing means that the seller offers the product at lower price. This can be done by  promoting low price for low-in-stock or out-of stock items and then offering the substituent products of the same category, which are surely more expensive.

7 0
3 years ago
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