<em>My </em><em>advice</em><em> to the owners of ABC Company </em>concerning internal controls affecting the office manager would be as follows:
It is time to promote the office manager. His promotion would relieve him of the responsibilities he handles presently. Promoting him would also enable management to segregate his duties.
Secondly, after implementing the promotion and segregation of duties, management should implement a <em>compulsory annual </em><em>leave policy</em>. Having a company-wide leave policy bolsters internal controls by preventing and discovering suspicious fraudulent activities.
Thus, if the owners of ABC Company would buy these <em>pieces of </em><em>advice</em>, they would improve internal controls without offending the hardworking former office manager.
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The level of tipping for service providers is considered a numeric variable. Numeric variables describe variables in the form of a number, for example, how much or how many.
The goal of every student is to have good grades. One can be attentive in studies by;
- Paying close attention in class.
- Always Taking good notes in class
- Plan ahead for any tests and projects that is to be done in your grade or level etc.
<h3>how can we be careful and attentive in our studies? </h3>
In studying, one needs to have an attentive and pay careful attention so as to come out with good grade.
It is advisable to read any note that one has been taught in class at home and not miss out on lectures.
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Cash is an assets account. According to the rules of journal entries, an assets account is debited when it increases and it is credited when it decreases.
In the given transaction (A) on 5/8, the company has paid telephone bill of $154.32 with cash. It means the cash of $154.32 is paid and it will result in the decrease in cash by $154.32. Cash is an asset account. Hence we can say that this transaction will result in the decrease in cash by $154.32.
Hence the correct answer is:
D. Asset account, which decreases
In a perfectly competitive market, the marginal revenue will be equal to the price. In a perfectly competitive market, there will be a large number of buyers and sellers selling their goods at the same rate. The goods will be homogenous and there will be no difference in the goods sold. In such a case the marginal revenue will be equal to the price of the goods.
Let us assume a perfectly competitive market. A seller will be able to sell whatever quantity he wants at that rate. If the price of the goods is increased he will not have customers. There is no use in reducing the price as the customers are willing to buy the goods at a higher rate. The market is also able to buy all the goods sold by the seller so their marginal revenue will not decrease.
In a perfectly competitive market, the marginal revenue line is a horizontal line. this line will be equal to the price of the goods in the market.
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