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guajiro [1.7K]
3 years ago
10

Having one person responsible for the related activities of ordering merchandise, receiving goods, and paying for them decreases

the potential for errors and fraud. is a good example of safeguarding the company's assets. is an example of good internal control. increases the potential for errors and fraud.
Business
1 answer:
rusak2 [61]3 years ago
5 0

Answer:

Increases the potential for fraud and error

Explanation:

Internal controls refer to control mechanism implemented by management so as to ensure efficient operations and to detect and check material misstatements and frauds on timely basis.

Internal check refer to one of the means of implementing internal controls wherein duties and responsibilities are segregated in such a manner that no individual has the authority to process a transaction from it's beginning to it's end and whereby, work performed by an individual automatically comes into the scrutiny of another.

In the given case, the principle of internal check as a means to implement internal controls is violated since one person is assigned the responsibility to order, receive , pay for the goods.

This increases the possibility of a potential fraud and error since the individual possesses full authority to effect the transaction and may manipulate records since no other individual can watch on him.

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When a market researcher has reported data, statistics, and information that are not consistent with a study's objectives, the r
Sedbober [7]

Answer:

The answer is the D

Explanation:

Because despite the fact that a research work has the correct interpretation of the information, the correct statistical analysis, understandable sea in a global vision and performing the correct emphasis on the statistics, all these well done works will be underestimated and lose importance if the Information has no direct and applicable relationship with the object of study. IT IS IRRELEVANT INFORMATION FOR THE RECEIVER because this information does not need it at this time

8 0
3 years ago
Kasravi Co. had net income for 2018 of $800,000. The average number of shares outstanding for the period was 300,000 shares. The
navik [9.2K]

Answer: $2.64

Explanation:

Based on the information given in the question, the outstanding diluted share will be calculated as:

= 300,000 + 15000(5/30)

= 300000 + 15000(0.16667)

= 300000 + 2500

= 302500

The amount that Kasravi Co. should report for diluted earnings per share for the year ended 2018 will be calculated as:

Diluted Earning per share = Net income /outstanding diluted share

= $800,000 / 302,500

= $2.64

ANSWER = (c) $2.64

7 0
3 years ago
Real per capita gross domestic product (GDP) is higher in the United States than in Bangladesh. Based on that, we could predict
Vinil7 [7]

Answer:

b. adult literacy; infant mortality

Explanation:

Multiple choice <em>"life expectancy; internet usage ; adult literacy; infant mortality ; infant mortality; adult literacy ; access to clean water; life expectancy"</em>

<em />

Higher real GDP per capita would imply higher literacy rate and at the same time lower infant mortality as citizens would invest more in health and education. All the other options are wrong as higher real GDP per capita cannot lead to lower life expectancy or literacy rate.

4 0
2 years ago
Dividends cause a(n) increase/decrease)_________ in equity and are recorded directly in
Artyom0805 [142]

Answer:

Decrease (debit) in equity, Cash Dividends Payable (credit, liability account)

Explanation:

The journal entry to record the declaration of the cash dividends involves a decrease (debit) to Retained Earnings (a stockholders' equity account) and an increase (credit) to Cash Dividends Payable (a liability account).

(opentextbc.ca)

6 0
3 years ago
On January 1, 2021, Anne Teak Furniture issued $100,000 of 10% bonds, dated January 1. Interest is payable semiannually on June
zysi [14]

Answer: $86,235

Explanation:

Use Excel or a financial calculator to calculate the bond price.

As the interest is payable semiannually, the relevant variables are:

Coupon = 10% * 100,000 * 1/2 years = $5,000

Yield = 12% / 2 = 6%

Number of periods = 15 years * 2 = 30 semi annual periods

Bond price = $86,235

6 0
3 years ago
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