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Brums [2.3K]
3 years ago
10

Consider this scenario: After many years, an employee is promoted to a position that has an elevated level of trust with his man

agement. He started with the company in an entry-level position, and then moved from a supervisory to a managerial role. This role entails that the employee trains other employees and has a deep understanding of how the department functions. Which of the following actions should be taken in regard to this employee’s levels of access during the span of time he has worked for the company? A. Because this employee needs to train other employees, he should have the access granted in his previous roles.B. This employee should be granted access based on his current and past roles only after being formally reviewed for his effectiveness in the company. C. This employee should ask his manager to grant only the access that he would prefer to have. D. This employee should have prior access removed to ensure separation of duties and avoid future instances of security risk.
Business
1 answer:
Stels [109]3 years ago
4 0

Answer:

The correct answer is the option B: This employee should be granted access based on his current and past roles only after being formally reviewed for his effectiveness in the company.

Explanation:

To begin with, if the employee has past through several positions before then he must understand quite a bit how the company works in its whole and moreover that employee must be trusted due to the fact of the times that he was promoted and therefore that he must have granted access based on his current and past roles but only after being formally reviewed because of the fact of ensuring the effectiveness of the employee.

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Multiple Select Question Select all that apply Bad Debt Expense ______. (Check all that apply.) Multiple select question. should
Olegator [25]

Bad Debt Expense is a cost of extending credit to customers is based on actual events and does not require estimation is an estimate.

  • When a receivable is no longer recoverable as a result of a customer's inability to pay an outstanding debt owing to bankruptcy or other financial issues, a bad debt expense is recorded.
  • Big Store stops paying its debts and fails to reimburse Company XYZ for goods valued at $100,000. Company labels the $100,000 as a bad debt because it has little faith that Big Store will ever make good on its obligations.
  • When a customer's repayment of previously granted credit is thought to be uncollectible and is therefore recorded as a charge off, a business incurs a bad debt expense.
  • Bad debt charges are categorized as operating costs and are typically listed under selling, general, and administrative costs on your company's income statement.

Thus this is the answer.

To learn more about Bad debt expense, refer:brainly.com/question/24871617

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4 0
2 years ago
Jason Day Company had bonds outstanding with a maturity value of $300,000. On April 30, 2020, when these bonds had an unamortize
Andru [333]

Answer: Loss of $22,000

Explanation:

Gain (loss) = Net Carrying Value of Bonds recalled - Price bond called at

Net Carrying Value of Bonds

= Par value - Unamortized discount

= 300,000 - 10,000

= $290,000

Gain (loss) = 290,000 - (300,000 * 104)

= ($22,000)

8 0
4 years ago
Which component within a corporation elects the board of directors?
dmitriy555 [2]

Answer:

A. shareholders

Explanation:

i took the quiz sorry i did not do it sooner

3 0
3 years ago
Requesting funds for working capital suggests that the business is not a solid investment
Minchanka [31]
If i am understanding the question correctly it is false.....but i am a week late soo either way i guess it doesnt matter xD
7 0
3 years ago
Read 2 more answers
Cynthia, a sole proprietor, was engaged in a service business and reported her income on the cash basis. On February 1, 2013, sh
Sunny_sXe [5.5K]

Answer:

<h3>Cynthia and Dove Corporation</h3>

Any profits generated by Dove Corporation will be taxed to the corporation and also taxed to Cynthia as a shareholder whenever Dove distributes the profits as dividends. Taxing Dove and Cynthia creates a double taxation burden for both Dove and Cynthia. Dove Corporation does not get a tax deduction when it distributes dividends to Cynthia.  Furthermore, Cynthia cannot deduct any corporation loss when incurred.  These are unlike when the business was only a sole proprietorship.

Explanation:

a) Data and Calculations:

Dove Corporation

Balance Sheet

February 1, 2013

Assets

                                                    Basis to Dove     Fair Market Value

Cash                                                 $ 80,000              $ 80,000

Accounts receivable                         0                           240,000

Equipment (cost $180,000;              120,000               320,000

depreciation previously claimed $60,000)

Building (straight-line depreciation) 160,000              400,000

Land                                                    40,000               160,000

Total                                               $400,000          $1,200,000

Liabilities and Stockholders' Equity

Liabilities:

Accounts payable—trade            $ 120,000

Notes payable—bank                    360,000

Stockholders' equity:

Common stock                              720,000

Total                                          $1,200,000

4 0
3 years ago
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