1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
QveST [7]
3 years ago
14

Which of the following is not an internal control activity for cash? a. The functions of cash record keeping and cash custody sh

ould be combined. b. The number of persons who have access to cash should be limited. c. Bank accounts should be reconciled at least monthly. d. All cash receipts should be correctly documented according to the amount and reason.
Business
1 answer:
natali 33 [55]3 years ago
8 0

Answer:

Option A) the functions of cash record keeping and cash custody should be combined is not an internal control activity for cash.

Explanation:

Internal control activity for cash are the procedures which are taken by a firm to prevent losses from the accounting errors or due to the fraud by the firm's employees.

In these procedures , a firm would limit the access of cash to only limited personal , so that there are less chances of fraud by employees. Reconciling the banks accounts at least every month would help in preventing accounting errors and by documenting all cash receipts correctly , accounting errors can be prevented but combining cash record keeping and custody is not an control activity.

You might be interested in
American Bank quotes a bid rate of $0.026 and an ask rate of $0.028 for the Indian rupee (INR); National Bank quotes a bid rate
Vinvika [58]

Answer:

c. buying rupees from National Bank at the ask rate and selling them to American Bank at the bid rate.

Explanation:

  • Locational arbitrage is a strategy in which one seeks profits from the difference in exchange rates for the same currency at different banks.
  • In our case for locational arbitrage one will have to buy Indian rupee from National bank at the ask rate and then sell them to American bank at the bid rate to make profit.
3 0
4 years ago
How is a subsidy affect supply.
OlgaM077 [116]
How does a subsidy affect supply?
A subsidy by nature increases the purchasing power of the individual or class it is awarded to. It's like free money that can only be spent on certain things.
8 0
3 years ago
If the government of Balancia runs a deficit of $50 million per year in Year 1 and in Year 2 due to its recession, but then has
natima [27]

Answer:

Cyclically balanced budget

Explanation:

6 0
3 years ago
The U.S. Supreme Court has been deciding some cases involving Intellectual property rights (patents, trademarks, or copyrights),
Oxana [17]

Answer:

Explanation:

The article is "Copyright infringement and the Intellectual Property Complaints on Amazon. It was published on December, 12th 2018.

There has been an increase in the number of complaints about intellectual property violations and the copyright infringement at Amazon Inc. In order to counterfeit each other, sellers copy the features of each other’s products, thereby violating the intellectual property rights. Sellers have been filing complaints against one other at the company.

Amazon has also been trying hard to stop increasing cases of such liability litigations. Amazon has been removing any listing that has probability of copyright infringement. Sellers are also encouraged to take preventive actions when listing their products on the platform.

The adverse effects of copyright infringement on the overall society include:

• Copyright infringement can lower the quality of consumer goods. There will be lesser quality goods rather there'll be more of goods in terms of quantity.

• The overall economy will get impacted as there will be more legal cases. Legal penalties in society will also increase due to Sellers taking each others to court.

6 0
3 years ago
Sales at a fast-food restaurant average $6,000 per day. The restaurant decided to introduce an advertising campaign to increase
lutik1710 [3]

Answer:

Yes, sales have increased as a result of the advertising campaign.

Explanation:

Find attached the explanation.

Note: I had to convert the explanation into both jpeg and files (both contains the same answer) when the answer box kept on rejecting my answer claiming it contains swear words when it does not.

3 0
4 years ago
Other questions:
  • Homeowner Elizabeth sold her house and had net proceeds of $266,000. Her adjusted basis in the home was $235,000. She immediatel
    6·1 answer
  • Larry Mitchell invested part of his $ 35 comma 000$35,000 advance at 4 %4% annual simple interest and the rest at 9 %9% annual s
    13·1 answer
  • This problem has been solved! See the answer In September of 1998, your father purchased a Michael Jordan basketball card for $0
    5·1 answer
  • Principals that manage an llc owe its members __________.
    11·1 answer
  • For each of the transactions in items 2 through 13, indicate the two (or more) effects on the accounting equation of the busines
    11·1 answer
  • Which of the statements is true regarding advertising? Perfectly competitive firms have the strongest incentive to advertise. Ad
    12·1 answer
  • A company that produces a single product had a net operating income of $90,000 using variable costing and a net operating income
    15·2 answers
  • A three-year bond has an 8.0 percent coupon rate and a $1,000 face value. If the yield to maturity on the bond is 10 percent, ca
    9·1 answer
  • Consider a two-period resource allocation problem where the efficient allocation of the resource implies a market price of $10 i
    15·1 answer
  • The following information is available for the Gabriel Products Company for the month of July: Static Budget Actual Units 5,000
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!