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Bezzdna [24]
3 years ago
5

One of two office clerks in a small company prepares a sales invoice for $4,300; however, the invoice is incorrectly entered by

the bookkeeper in the general ledger and the accounts receivable subsidiary ledger as $3,400. The customer subsequently remits $3,400, the amount on the monthly statement. Assuming there are only three employees in the department, the most effective control to prevent this type of error is
A. Assigning the second office clerk to independently check the sales invoice prices, discounts, extensions, and footings and to account for the invoice serial number.
B. Requiring that monthly statements be prepared by the bookkeeper and verified by one of the other office clerks prior to mailing.
C. Using predetermined totals to control posting routines.
D. Requiring the bookkeeper to perform periodic reconciliations of the accounts receivable subsidiary ledger and the general ledger.
Business
1 answer:
KIM [24]3 years ago
4 0

Answer: <u><em>C. Using predetermined totals to control posting routines.</em></u>

Explanation:  A regulation total if developed for the agreement to be posted, then it should be set side by side with total of items posted to personal accounts. Therefore, The most adequate way to avert this kind of error is by applying predetermined totals to control stating the daily cycle.

<u><em>Therefore, the correct option in this case is (c)</em></u>

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Answer:

$40 million

Explanation:

The computation of stock price is shown below:-

For computing the stock price first we need to compute the firm value which is below:-

Firm value = Free cash flow-1 ÷ (Weighted average cost of capital - Growth rate)

= $70.0 million ÷ (10% - 5%)

= $70.0 million ÷ 5%

= $1,400 million

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= ($1,400 million - $200 million) ÷ 30 million

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3 years ago
You are offered a job that pays ​$42000 during the first​ year, with an annual increase of 10​% per year beginning in the second
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$55,902 is the amount I can expect to earn in the fourth year

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The regulations restaurants must follow concerning restrooms
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3 0
3 years ago
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Ratchet Manufacturing's August sales budget calls for sales of 8,000 units. Each month's unit sales are expected to grow by 5%.
abruzzese [7]

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3 years ago
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The types of teams that Graeter might use in these facilities include a food quality team, a production team, and a logistics team.

<h3>What are the most important processes of food production?</h3>

The most important processes of food production include quality controls, which are fundamental to ensure safe foods, and also teams associated with the production, which ensure a suitable production to obtain benefits.

Moreover, the logistic team is also fundamental in food production because it ensures the correct movement of packaged food to the final destination.

In conclusion, the types of teams that Graeter might use in these facilities include a food quality team to control the quality of foods, a production team to ensure the required amount of food products on a daily basis, and a logistics team to ensure the transport of foods to corresponding market centers

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