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Morgarella [4.7K]
3 years ago
13

Some of the leading companies that participated in the solar energy industry have discussed the possibility of establishing an a

mbitious B2B electronic purchasing project, tentatively labeled "SolExchange." What might be the potential benefits from establishing such an exchange and what are some of the potential services that SolExchange might provide for its members?
Business
1 answer:
Juliette [100K]3 years ago
3 0

Answer:

Below are some of the advantages B2B electronic purchasing project

Explanation:

  • Promotion of the green economy: solar energy production is environmental friendly compared to other mechanism, through the eastened B2B electronic purchase project, more people shall obtain soslar energy hence less environmental polution.
  • Creation of jobs: B2B electronic purchasing project is a new idea in town, and as of many ideas, there has to be people who shall help see it a success through providing skilled and non skilled labour.
  • Increase of supply efficiency: B2B aims at bringing the solar products online, as it is today, online services and products are just a click away!

POTENCIAL SERVICES

  1. Product payment services.
  2. Product adverisement.
  3. Seller buyer connection platform.
  4. Security services for buyer and seller.
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In obtaining an understanding of an entity's internal control in a financial statement audit of a nonpublic company, an auditor
nata0808 [166]

Complete Question:

In obtaining an understanding of an entity's internal control in a financial statement audit of a non-public company, an auditor is not obligated to:

Group of answer choices

A. Determine whether the control activities have been placed in operation.

B. Perform procedures to understand the design of the internal control policies.

C. Document the understanding of the entity's internal control components.

D. Search for significant deficiencies in the operation of the internal control.

Answer:

D. Search for significant deficiencies in the operation of the internal control.

Explanation:

Internal controls can be defined as the policies, set of rules, and procedures implemented or put in place by an organization to protect its assets, boost efficiency, enhance financial accountability, enforce adherence to company policies and prevent fraudulent behaviors among the employees.

The main purpose of internal controls is to guarantee that loss is eliminated in an organization, as there's a reliable and an accurate accounting system.

Basically, an internal control involves the timely use of both internal and external sources of auditing or financial reporting and as such enhance the maintenance of accurate and proper financial records which would also improve their operational efficiency.

Hence, internal controls if properly executed helps to increase operational efficiency, protect and safeguard assets, provides accurate financial information, prevents fraudulent or unlawful behaviors, timeliness of financial records and reporting.

In obtaining an understanding of an entity's internal control in a financial statement audit of a non-public company, an auditor is obligated to:

I. Determine whether the control activities have been placed in operation.

II. Perform procedures to understand the design of the internal control policies.

III. Document the understanding of the entity's internal control components.

7 0
2 years ago
Cash sales rung up by cashiers totaled $120,500. Cash in the drawer was counted and found to be $126,000. The journal entry to r
blagie [28]

Answer:

Credit to Cash Overage for $5,500

Explanation:

Revenue total is $120,500 so the revenue will be recorded by this amount and the cash is $126,000 so it will also recorded by the same amount. An additional credit entry will be placed to reflect the effect of this transaction.

The journal entry to record the day's sales would include

Debit     Cash                  $126,000

Credit    Cash Overage  $5,500

Credit    Sales                 $120,500

3 0
3 years ago
Read 2 more answers
Heather Smith is considering a bond investment in Locklear Airlines. The $1,000 par value bonds have a quoted annual interest ra
Mrrafil [7]

Answer:

The answer is $788.12

Explanation:

Price of the bond is what the issuer will pay for the bond

The payment is semiannual.

Number of years (N) - 20 periods (10 years x 2)

Yield-to-maturity(YTM) - 7%( 14% ÷ 2)

Present Value(price of bond) = ?

Future Value(FV) = $1,000

Payment Coupon(PMT) = $50[(10% x $1000) ÷ 2]

Using a Financial calculator, price of the bond on semiannual basis is

$788.12

3 0
3 years ago
One type of structural change associated with TQ is the creation of a high-level planning group called ______________________, i
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Answer:

Group of choices:

a. strategic planning group

b. steering committee

c. quality board

d. performance management team

The correct answer is b. steering committee .

Explanation:

The organizations by Committee consist of assigning the various affairs of the administration to a body of people that meets and is responsible for discussing and making common decisions about problems entrusted to it.

The committees are classified into:

  1. Executive: Represents the shareholders of a company, his job is to deliberate and resolve the issues that arise in the organization.
  2. Executive; He is appointed by the steering committee to direct the agreements they make in the organization.
  3. Surveillance: Presented by trusted personnel whose role is to inspect the work of company employees.
  4. Advisory: It is made up of specialists, who issue opinions on problems that are consulted.
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2 years ago
The component of a firm's service quality information system that is used specifically to assess employee performance is:
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Answer:d. total market service quality survey.

Explanation:

The analysis of the total market service quality survey helps to provide details information on the product performance, personal contributions to success, company competitor performance, and other market related results.

Employee survey will not give information on the product nor customers evaluation, customer focused interview will miss out other vital information like competitors market performance, solicitation of customers complain may be bias and mystery shopping may not be adequate to be used for evaluation.

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3 years ago
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