Answer:
=> Automated Signature Verification System.
=> Tracking of workers' appointment by the personnel department.
Explanation:
Forgery is a kind of fraud in which one changes name, signature or anything pertaining to another person in order to deceive other people. Forgery is a fraud and it is a criminal offence that should be stop in the society. Just as it is in the question above the supervisor is forging Leon’s name in order to be able to collect the money of someone that is no more working.
The two control techniques to prevent or detect this fraud scheme are given below:
=> Automated Signature Verification System : the company should have Automated Signature Verification System for their employees and customers so that with it they can easily detect forgery fraud and the person affected can be able to recover his or her losses.
=> Tracking of workers' appointment by the personnel department: the personnel department should track the appointment of each of their employees in any organization.
Other ways are to Install biometric time cards and make sure payroll record are verified and updated before payment.
<span>The primary goal of a strategic asset allocation is to create an asset mix that seeks to provide the optimal balance between expected risk and return for a long-term
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Answer:
Dr Interest Receivable 4,000
Cr Interest Revenue 4,000
Explanation:
Preparation of XYZ Corporation Adjusting entry
Since the XYZ Corporation loaned the amount of $600,000 to another corporation on December 1, 2020 in which XYZ Corporation received a 3 month and 8% interest-bearing note with a face value of $600,000, the first step to take is to find the interest bearing note which is calculated as 4,000(1/12×8%×600,000) and the second step is to record the transaction as :
Dr Interest Receivable 4,000
Cr Interest Revenue 4,000
(1/12×8%×600,000)
Answer:
$506,800
Explanation:
The calculation of budgeted materials cost is shown below:-
For computing the budgeted materials cost first we need to find out the total materials for production and materials to be purchased which is here below:-
Total materials for production = Budgeted production × Pounds of raw material per unit
= 35,000 × 4
= 140,000
Materials to be purchased = Total materials for production + Ending raw materials inventory - January 1 inventory
= 140,000 + (39,000 × 4 × 30%) - 42,000
= 140,000 + 46,800 - 42,000
= 186,800 - 42,000
= 144,800
Budgeted materials cost for January = Materials to be purchased × Cost per pound
= 144,800 × $3.50
= $506,800
Answer:
d. Are the most trustworthy signs of good management
Explanation:
The strategy refers to the planning through which the company could able to accomplish its goals and objectives within the prescribed time set by the company
The goods strategy mostly achieved the company targets within the standard time set by the company. And if the combination of both the good strategy and execution of the good strategy leads to the sign of good management i.e become trustworthy.
hence, the last option is correct
