Answer:
Faldo Corp
Customers are paying late by 6.5 days (51.5 - 45)
Explanation:
DSO = Accounts Receivable/Sales last year * 365 days
= $60,000/$425,000 * 365
= 51.5 days
Customers are paying late by 6.5 days (51.5 - 45)
b) Faldo Corp's Days Sales Outstanding (DSO) is an estimate of the number of days it takes Faldo to collect its outstanding accounts receivable. This means that DSO measures how long it takes Faldo's customers to pay an invoice. Faldo can calculate its DSO by dividing the total accounts receivables of last year by the total credit sales of last year. This is then multiplied by 365 days.
According to the "adapting to change" box, the professional that is best able to detect the financial irregularities that often accompany fraud in an organization is Control process.
<h3>What is control process?</h3>
Controlling involves assessing the performance of a company and modifying the financial performance.
This is done for credibility and to meet the company's objectives, goals and plans.
Control process serves as yardstick to which the goal of business or company is achieved. Managers of company engage in control process.
Therefore, According to the "adapting to change" box, The professional that is best able to detect the financial irregularities that often accompany fraud in an organization is Control process.
Learn more on control process below
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Answer:
The correct entry is to reverse the entry on December 3rd
Dr Salaries and Wages expenses of $27,000
Cr Salaries and Wages payable of $27,000
Explanation:
During the time of the accrued entry, which is on December 31st
the company registered
Dr Salaries and Wages PAYABLE of $27,000
Cr Salaries and Wages EXPENSES of $27,000
It was just an accrued entry to be able to identify the expenses to the balance sheet, but currently on the original expenses on January 3rd, the entry is reverse, then the real or main expenses is recorded in the balance sheet.
Dr Cash of $47,000
Cr Salaries and Wages EXPENSES of $47,000
Another answer to go along with the rest is (contribute to keeping ecosystems productive) I hope this helps
Answer:
b. project steering team
Explanation:
Project steering team -
It refers to the member of an organisation or company , who helps to support and guide the project , is referred to as the project steering team .
The team is important for the project success .
These are basically an advisory body of the company , in matters related to project management concerns , marketing strategies , company policy , new endeavors and budget .
Hence , from the given information of the question,
The correct term is project steering team .