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Orlov [11]
3 years ago
7

At Emmerson Company, one bookkeeper prepares the cash deposits while the other bookkeeper enters the collections in the journal

and ledger. Which of the following is the best explanation of this type of internal control principle over cash reciepts?
a. mechanical controls
b. physical controls
c. documentation procedures
d. segregation of duties
Business
1 answer:
marusya05 [52]3 years ago
8 0

Answer:

d. segregation of duties

Explanation:

Segregation of duties defines that when a different number of people doing their duties for the same purpose. For example a person receives an envelope of cheque and another person records in accounting system.

According to the given situation, one person who is bookkeeper prepared cash deposit and another person records the collection of journal and ledger. So, this indicates the segregation of duties

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yaroslaw [1]

Answer:

c. 5

Explanation:

L       Q     MPL (ΔinQ/ΔinL)    VMPL

4      52  

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7      70               4                       40

8 72               2                       20

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A firm will maximize the profit by increasing the number of labor as long as VMPL is higher than or equal to the wage rate. In this case, we observe that VMPL ($80)>wage rate ($75) for L=5 but VMPL ($60)<wage rate ($75) for L=6. So, the optimal number of labor to be hired is 5.

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3 years ago
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sveticcg [70]
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Answer:

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