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3 years ago

As a part of internal accounting controls, the activity called

Business

1 answer:

ipn [44]3 years ago

5 0

Answer:

As a part of internal accounting controls, the activity called <u>RECONCILIATION</u> involves detecting and avoiding errors.

Explanation:

Reconciliation involves detecting and avoiding errors since it helps management to discover or detect any mistakes and errors, and can also help to understand why these errors occurred and how to prevent future mistakes.

Reconciliation is basically comparing two different accounting records and making sure that they match, e.g. reconciliation of bank account and cash balance. If you cannot reconcile the company's bank account with its cash balance, it means something is wrong. Is the mistake intentional? Why did it occur? How can you prevent it from happening again? Can it be solved?

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Item7 Item 7 Boccardi Inc., has invested in new pasta manufacturing equipment at a cost of $48,000. The equipment has an estimat

JulsSmile [24]

Answer:

12.5%

Explanation:

Accounting rate of return = (Net Income / Equipment cost) * 100

Accounting rate of return = ($6000/$48000)*100

Accounting rate of return = 0.125 * 100

Accounting rate of return = 12.5%

So, the estimated accounting rate of return is 12.5%.

6 0

3 years ago

The Isberg Company just paid a dividend of $0.75 per share, and that dividend is expected to grow at a constant rate of 5.50% pe

Ugo [173]

Answer:

d) $18.62

Explanation:

Hi, first, let´s introduce the formula to find the price of this stock.

$Price=\frac{D_{0} (1+g)}{(r-g)}$

Where:

Do = Last Dividend

g = growth rate

r = cost of equity

We have almost everything, all we need to do is find "r". That is:

$r=rf+beta*MRP$

Where:

rf = risk Free rate

MRP = market risk premium.

So, we find r first as follows:

$r=0.04+1.15*0.05=0.0975$

therefore, r = 9.75%. Now we are ready to find the price of the stock.

$Price=\frac{0.75*(1+0.055)}{0.0975-0.055} =18.62$

The price of this stock is $18.62

Best of luck.

3 0

4 years ago

Don sends an e-mail to Eve, promising her a percentage of the amount in a foreign bank account if she will assist in transferrin

erica [24]

Answer: phishing

Explanation:

Phishing is a form of cyber crime that's used in stealing the day of a user such as the login credentials and the credit card numbers of the person.

Phishing typically occurs when an attacker, which often disguises as a trusted entity, dupes his or her victim into opening an email, or text message and collects vital information. The scenario with regards to Dan and Eve is phishing.

8 0

3 years ago

Crystal Displays Inc. recently began production of a new product, flat panel displays, which required the investment of $1,500,0

Contact [7]

Answer:

Crystal Displays Inc.

The amount of desired profit from the production and sale of the flat panel displays is:

= $225,000

Explanation:

a) Data and Calculations:

Investment in assets = $1,500,000

Production and sales units = 5,000

Cost of production and sales:

Variable costs per unit:

Direct materials $120

Direct labor 30

Factory overhead 50

Selling and

administrative expenses 35

Total variable cost per unit $235

Fixed costs:

Factory overhead $250,000

Selling and administrative expenses 150,000

Total fixed costs $400,000

Total production costs:

Variable production costs = $1,000,000 (5,000 * $200)

Fixed factory overhead 250,000

Total production costs $1,250,000

Total selling and administrative expenses:

Variable selling and admin. $175,000

Fixed selling and admin. 150,000

Total selling and admin. exp. $325,000

Total costs of production and sales = $1,575,000

Target return on invested assets = 225,000 ($1,500,000 * 15%)

Total expected sales revenue = $1,800,000

Price per unit = $360 ($1,800,000/5,000)

7 0

3 years ago

Which of the following is NOT induded when calculating gross income?

fomenos

scholarships. Kddkddkkdkc

8 0

3 years ago