Answer:
Recall the components of internal control. Identify the internal control weakness in this situation, and propose a way to correct it.
Recall the components of internal control. Identify the internal control weakness in this situation, and propose a way to correct it
The internal control weakness is that the credit department receives incoming cash from the customers.
With access to cash,
a credit department employee can pocket
cash received from a customer
destroy the remittance slip
The credit department can then write-off the customer's account as noncollectable, and the company will stop pursuing collection from the customer
Explanation:
Answer:
The correct answer is B
Explanation:
Planned value is the value which is approved for the work which is to be completed or performed in the provided time. It is the budget which is authorized and allocated or assigned to the work that is needed to completed or accomplished for the activity.
Therefore, it is the budgeted value for the work that needed to be performed or completed to the date.
Answer:
Price per unit is $782.96 or $783.
Explanation:
Let, selling price per unit = X
Total cost = Labor cost + Overhead cost + material cost + packing cost + Commission cost
Total cost = 12.8*18.75 + .92*12.8*18.75 + 65.10 + .10*65.10 + .1*X
Total cost = 532.41 + .1*X
So,
Selling price = X = .22*X + 532.41 + .1*X
.68*X = 532.41
X = 532.41/.68
X = $782.96 or $783
Price per unit is $782.96 or $783.
Answer: A. go beyond meeting society's expectations for ethical strategies and business behavior by fostering social benefit and balancing the interests of all
Explanation:
Good Corporate Citizens care about the integrity of the Business world and the trust people should have in it.
To then it is imperative that they help foster social benefits as well as financial benefits for all to partake in and enjoy from.
Answer:
Monthly rent of $345 would maximize revenue
Explanation:
Revenue = Price * Quantity
Quantity depends on price. We need to work out the relationship between price and quantity (that is, the demand function)
When the rent is $420, quantity demanded is 90 units:
When P = 420 we have Q = 90
Let x be the change in price. For every 3 dollar increase (decrease) in price demanded quantity will decrease (increase) 1 unit:
P = 420 + x (a) we have Q = 90 - x/3 (b)
To find the relationship between P and Q we seek to eliminate x.
Multiply both sides of (b) with 3 we have: 3Q = 270 - x (b')
From (a) and (b') we have: P + 3Q = 420 + x + 270 - x
=> P = 690 - 3Q
Revenue R = P * Q = (690 - 3Q) * Q = 690Q - 3Q^2
To find maximum set derivative of R to 0:
dR = 690 - 6Q = 0
=> Q = 690/6 = 115
To lease 115 the price should be P = 690 - 3Q = 690 - 3*115 = 345
