Answer:
Explanation:
The computation is shown below:
(A) (B) (A - B)
Current Year Prior Year Dollar change
Short-term investments $380,834 $240,061 $140,773
Accounts receivable $103,020 $106,337 -$3,317
Notes payable $0 $94,802 -$94,802
Now the percentage change would be
= (A - B) ÷ (B) × 100
For Short-term investments = 58.64%
For Accounts receivable = - 3.12%
For Notes payable = - 100%
Answer:
C) Separation of Duties
Explanation:
Separation of Duties or Segregation of duties is an internal control system which prohibits a single person carrying out all the actions or tasks related to a transaction. For Example same person should not place the order and make payment for it. There should be two different people for placing the order and making payment for the order.
Separation of duties ensures less mistakes and fraud. Its a technique to mitigate the risk for mistakes and fraud.
<span>I
was looking for the answer of same question but I didn’t find any help from
friends because of their busy schedule so I searched its solution online and
luckily came across http://www.solutioninn.com/bandar-industries-berhad-of-malaysia-manufactures-sporting-equipment-one-... where I found the detailed answers.</span>
The PDCA is part of <span>Deming management.
PDCA or the </span>plan–do–check–act or plan–do–check–adjust. Is iterative four-stage administration technique utilized as a part of business for the control and constant change of procedures and items. Deming administration proposed thoughts for making associations more responsive, more popularity based, hard information and less inefficient. These incorporated the rule that quality can be enhanced the hard information, utilizing the PDCA cycle.
Answer:
Item 1
Debit : Raw Materials $4,400
Credit : Accounts Payable $4,400
Item 2
Debit : Work in Process : Factory wages ($5,800 + $400) $6,200
Credit : Wages Payable $6,200
Item 3
Debit : Work In Process : Factory Utilities $2,100
Credit : Utilities Payable $2,100
Explanation:
If there is no immediate payment of cash for the expenses incurred, raise a liability - Accounts Payable otherwise recognize a Cash Outflow.
All manufacturing costs incurred are accounted for in the Work In Process Account.
Journal entries for each type of manufacturing cost have been prepared above.
