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3 years ago

Why should companies be careful to report cash and cash equivalents correctly?

1 answer:

5 0

<span>Companies should be careful to report cash and cash equivalents correctly because this is there responsibility. Companies must be prepared for random audits by the IRS and must show these records and calculations when the need arises. This will save a lot of money from penalties and other fees that may be owed to the IRS and can update the IRS of any incorrect calculations they may have.</span>

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Who is responsible for ensuring the policies and procedures are implemented across the organization and acts as a liaison betwee

Elina [12.6K]

Responsible for ensuring the policies and procedures are implemented across the organization and acting as a liaison between the MIS department and the business?

The correct answer is Data Steward

<h3>Why is MIS becoming so important to businesses?</h3>

The main purpose of the MIS reporting system is to provide management with important business information for complex decision-making. Reliable information about business data related to current market development is essential for governments to be able to make swift and well-founded decisions.

The first relationship between business processes and information systems is to achieve business goals. For example, organizations use information systems to improve operational and process efficiency by improving the flow of information.

Learn more about the MIS department and the business here

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8 0

2 years ago

Each of the following is an advantage of using cash EXCEPT:

Tcecarenko [31]

C. less painful parting with cash

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3 years ago

Read 2 more answers

_________ typically involves researching a specific market to determine its size, trends and potential.

liberstina [14]

Answer:

correct fill up is marketing research

Explanation:

solution

marketing research is typically involves researching because marketing research basic reason is for carrying out research to findout change in consumer behavior due to change in element of the marketing mix

like product , prize , size, tread and potential etc

and it involves 2 types of data

Primary information
Secondary information

Market research always provide relevant data to help you for solve marketing challenges

so here correct fillup is marketing research

5 0

3 years ago

Pathways Careers, Inc. has two productslong dashResume Reader and Cover Letter Cure. Financial data for both the products foll

Serga [27]

Answer:

Option (D) is correct.

Explanation:

Given that,

Willow had a sales mix of 60% Resume Reader and 40% Cover Letter Cure.

Each sales representative sold = 1,400 units

Contribution margin from the sale of Resume Reader:

= Sales revenue - Variable manufacturing costs - Sales commission

= (1,400 × $500 × 60%) - (1,400 × $300 × 60%) - (1,400 × $500 × 60% × 7%)

= $420,000 - $252,000 - $29,400

= $138,600

Contribution margin from the sale of Cover Letter Cure:

= Sales revenue - Variable manufacturing costs - Sales commission

= (1,400 × $1,000 × 40%) - (1,400 × $650 × 40%) - (1,400 × $1,000 × 40% × 5%)

= $560,000 - $364,000 - $28,000

= $168,000

Therefore, the total contribution to company profits is as follows:

= Contribution margin from the sale of Resume Reader + Contribution margin from the sale of Cover Letter Cure

= $138,600 + $168,000

= $306,600

4 0

3 years ago

The same amount of principal is invested in different accounts earning the same interest rate. Which of the following accounts w

Sophie [7]

D.) An account earning interest compounded daily.

This is the account that would have the greatest accumulated value at the end of one year.

Let us assume the following figures.
Principal = 1,000
Interest rate = 12% p.a.
Term 1 year

a) account earning no interest = 1,000
b) account earning simple interest
S.I. = 1,000 x 12% x 1 = 120
Balance = 1000 + 120= 1,120
c) account earning interest compounded annually
FV = 1,000 (1+.12)¹
FV = 1,000 (1.12)
FV = 1,120
d) account compounded daily
FV = 1,000 (1 + .12/365)³⁶⁵
FV = 1,000 (1 + 0.00033)³⁶⁵
FV = 1,000 (1.00033)³⁶⁵
FV = 1,000 (1.128)
FV = 1,128

6 0

3 years ago

Read 2 more answers