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4 years ago

A company employs three accounts payable clerks and one treasurer. Their responsibilities are as follows:

Business

1 answer:

adell [148]4 years ago

8 0

Answer:

The correct answer is B

Explanation:

Internal control is the control, procedures and rules which are executed by the company that ensures the integrity of the accounting as well as the financial information so that could promote accountability and help in preventing the fraud.

So, the one which weakness the internal control of the company is the Clerk 3, checks the mails and then remittances are signed. The Clerk 3 has the responsibility of record keeping. Therefore, giving a signed check to Clerk 3 states that the clerk have the access to an asset which violates the separation of duties.

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You own a bond that has a 6 percent annual coupon and matures 5 years from now. You purchased this 10- year bond at par value wh

lubasha [3.4K]

Answer:

b. The current yield is 6 percent.

Explanation:

Using a financial calculator, input the following to find the price of this bond today;

N= 5

FV = 1,000

I = 5.8%

Coupon payment; PMT = 6%*1000 = 60

then compute price; CPT PV = 1008.47

Current yield = Coupon PMT / Current price

Current yield = 60/1008.47 = 0.059 or 6% rounded to the nearest whole number. This makes choice B correct.

7 0

4 years ago

Note that common work styles are listed toward the top, and less common work styles are listed toward the bottom.

AURORKA [14]

Answer:

leadership

dependability

analytical thinking

Initiative

Self control

Explanation: These are the common needed work styles by Nursery and Greenhouse managers currently.

3 0

3 years ago

At the start of the month, Oak Inc. had 58,000 units of beginning work in process that were 65% complete. Over the course of the

KIM [24]

According to these figures, Oak has more equivalent units of production for materials and fewer equivalent units of production for conversion costs than Maple.

Explanation:

The equivalent production unit is an indication of a manufacturer's work on the produced units, which are partially finished at the close of the accounting period. In addition the completely loaded units and the partially filled units are entirely fitted out.

The number of partially completed units x percentage of completion = equivalent units of production.

Oak : 58,000 x 65% = 37,700

Oak Equivalent units of production = 37,700

Maple: 61,200 x 60% = 36,600

Maple Equivalent units of production = 36,600

So, Oak has more equivalent units of production for materials and fewer equivalent units of production for conversion costs than Maple.

8 0

3 years ago

What does it mean for a savings account to have a minimum balance?

Fittoniya [83]

Answer:

Explanation:

A savings account is an account owned by an individual at a bank. He keeps his money there, and earn interest at the end of the month for his savings.

A minimum balance is sometimes required by the banks for a savings account, customers are expected to keep such minimum balance always if not, the account will be closed down.

5 0

3 years ago

Jackson High School formed several teams to plan and execute the 150th anniversary celebrations of the school. Over a period of

Dafna11 [192]

Answer:

project team

Explanation:

The members belong to different groups (teacher and students)

They have difference functions and and they were dividend into sub-temas (one for each event)

And specially, after the celebration of the 150th annyversary ended the team are disbanded as the project is complete.

The student and teachers worker together for the goal of the 150th anniversary party.

4 0

3 years ago