Answer:
1. Once a month, the sales department sends sales invoices to the accounting department to be recorded.
⇒ documentation procedures
Unless all of the company's sales take place only once a month, sales should be recorded as soon as possible. Accounting records must be as precise and accurate as possible, and they must be processed on time. Stacking invoices makes no sense, since sales might be on cash or the collection period might be very short. Who holds the money until the sales records are made?
2. Leah Hutcherson orders merchandise for Rice Lake Company; she also receives merchandise and authorizes payment for merchandise.
⇒ segregation of duties
One single person cannot be responsible for the whole process, since this creates a huge opportunity for fraud. Imagine if the person in charge of the inventory is also in charge of making new purchases, paying for them and reporting ending inventory. No company would be able survive one year, while the person in charge would get rich.
3. Several clerks at Great Foods use the same cash register drawer
⇒ establishment of responsibility
If everyone is allowed to collect money, no one can be responsible for any loss.
Answer:
11%
Explanation:
To address this exercise, we need to recall the formula for dividend discounted model (DDM). The DDM is stated as below:
Stock intrinsic value = Next year dividend/(Required rate of return - Long term growth)
Rearrange a bit this formula, we have:
Next year dividend/Stock intrinsic value = Required rate of return - Long term growth, or
Dividend yield = Required rate of return - Long term growth
Putting all the number together, we have:
6.4% = Required rate of return - 4.6% or Required rate of return = 11%
The organization that does not provide free or loss cost training and counseling associated with the Small Business Association is IBRD.
<h3>What is Small Business Association?</h3>
A Small Business Association are agencies that provides resources (like capital, skill, advice) to small businesses for innovation, growth etc
SCORE, VBOC and WBC are all agencies that provide free mentoring services, free training, loss-cost training, counseling etc
Hence, the organization that does not provide free or loss cost training and counseling associated with the Small Business Association is IBRD
Therefore, the Option A is correct.
Read more about Small Business Association
<em>brainly.com/question/2072884</em>
Answer:
C. W-4
Explanation:
The W-4 form acts as the Employee’s Withholding Allowance Certificate. The employee completes the form and hands it over to the employer, who uses it to calculate how much income tax to withhold.
The details on the W-4 forms are necessary for tax computation. For instance, the employee declares their marital status and the number of dependents; this determines the applicable tax rates.
Answer:
1. sufficient
2. performed; HDC; holder
Explanation:
The holder in due course which is popularly referred to as the HDC is a person who has been given an instrument that is negotiable and not overdue in any form. The instrument has also been given in good faith which shows that the instrument is in good working condition. The HDC is eligible to purchase the instrument in a value for value exchange form.
