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:
D. All of the statements are correct.
Explanation:
The Seller requires to
Reduce its sales by the estimated return value and cost of goods sold by the estimated cost value of the units expected to return in the future.
Use historical data of sales and returns and calculate the value of expected return items.
After the estimation of values record the adjusting transaction for the estimated return liability and the inventory to be returna as well.
The correct answers to the given questions are given below:
- Operations
- Competing
- Direct reporting stakeholders
- Only virtual meetings
- Program Stakeholder Engagement
- Appetite
- Organizational project management
- Are only one part of
- Benefits management plan
- Governance complexity
- Formulation
- Risk
- Discussion
- Program
<h3>What is Risk Appetite?</h3>
This refers to the risk capacity of a company with regards to the maximum risk which it is ready to accommodate in the production process
Read more about risk appetite here:
brainly.com/question/25658781
Plan A is the most helpful to poor families because the amount received is unconditional on other factors like income.
