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AnnyKZ [126]
3 years ago
15

Summarize the internal control principle of establishing responsibility by completing the following sentence. Proper internal co

ntrol means that responsibility for a ____________ (task/shortage/sale) is clearly _________ (posted/established/compensated) and assigned to one person
-Task
-Established
Business
1 answer:
Greeley [361]3 years ago
7 0

Answer:

Task  / established

Explanation:

Internal control was created for a couple of reasons:

1. to ensure that there is no corrupt practices occurring from within the organization.

2. To ensure that every single employees are held accountable to the tasks that given to them

3. A way for managers to monitor the productivity rate of the team.

'Tasks' are a set of duties that the employees need to fulfill during the operation, If one employees fail to fulfill any of their tasks, it could become a hindrance for another employees.

The word 'Established' Indicated that the task is strongly structured by the higher ups and the employees have no right to change it without the permission from the higher ups.

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Once an initial sale has been made by an outside​ salesperson, inside salespeople are often asked to​ ________.
Lapatulllka [165]

Answer:

provide ongoing customer​ support, service, and be alert for new sales opportunities

Explanation:

8 0
3 years ago
The following selected amounts are available for Waterway Company: Retained Earnings (beginning balance) $1,050 Net loss 150 Cas
never [62]

Answer:

Ending retained earnings balance is 700.

Explanation:

In order to find the ending retained earnings we will have to start from the beginning retained earnings. The beginning retained earnings are 1050. Because the company has a net loss of 150 we will subtract 150 from 1050. And we are left with 900. After this we will subtract the 100 cash dividends as these are also paid from the retained earnings that the company has so we are left with 800. Also the company pays a stock dividend worth 100 so we will also subtract that and are left with 700. So the ending retained earnings balance is 700.

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3 years ago
hich of the following is not one of the assumptions of the basic EOQ model? Annual demand requirements are known. Lead time does
Tatiana [17]

Answer:

Quantity discounts are available

Explanation:

The Economic Order Quantity model is a model that helps define an order quantity of inventory with minimum costs. It is a model that serves as a base for order calculations because it bases itself on calculating without any variables where everything is constant. With that in mind, everything will be the same. The demand will be the same. Delivery Time will be the same. And, to answer the question, the unit price will also be the same no matter the volume ordered aka there is no discount available.  

3 0
3 years ago
Explain the following term:-<br>a)market segment​
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Answer:Market segmentation is a marketing term that refers to aggregating prospective buyers into groups or segments with common needs and who respond similarly to a marketing action

Explanation:

7 0
3 years ago
Read 2 more answers
Mocha Company manufactures a single product by a continuous process, involving three production departments. The records indicat
marshall27 [118]

Answer:

The journal entry to record the flow of costs into Department 1 during the period for applied overhead is

Work In progress Account $150,000 (debit)

Manufacturing Overhead Account $150,000 (credit)

Explanation:

Applied overheads are determined by multiplying the Actual Activity (example hours) and Budgeted Overhead Rate. In Our question this figure is given as $150,000.

When Applying the Overhead to a product:

De-recognise the amount applied by reducing the Overhead account balances and Recognise the costs in the Work In Process Account by increasing it with amount applied.

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3 years ago
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