All categories

2 years ago

Company policy for internal control should include all of the following except

1 answer:

maks197457 [2]2 years ago

6 0

The policy that shouldn't been included for company's internal control is: Monthly bank statements should be sent to and reconciled by the same employees who authorize payments and write checks.
Bank statements should always be handled by A DIFFERENT EMPLOYEES from the one that handles payment and writes checks. If two of them handled by one person, we shouldn't be able to detect if that employee is conducting a fraud

You might be interested in

Bike St. Pete currently produces 1,000 tires per month. The following per unit data apply for sales to regular customers: Direct

Tpy6a [65]

Answer:

$78,000

Explanation:

Total cost of producing 2,000 tires:

= [(Direct materials + Direct manufacturing labor + Variable manufacturing overhead) × 2,000 units] + Fixed cost

= [($20 + $3 + $6) × 2,000 units] + ($10 × 2,000 units)

= $58,000 + $20,000

= $78,000

Therefore, the total cost of producing 2,000 tires is $78,000.

8 0

2 years ago

Bram buys a bulldozer from construction equipment corporation, which he leases to earth movers, inc. in this situation, the less

Nina [5.8K]

Bram buys a bulldozer from construction equipment corporation, which he leases to earth movers, inc. in this situation, the lessee is Earth Movers, Inc. A lessee is the person who rents land or property from a lessor. A lessor on the other hand is A lessor is the party who rents property to another party. Bram is the lessor in this situation.

5 0

2 years ago

Baseball Corporation is preparing its cash budget for January. The budgeted beginning cash balance is $18,600. Budgeted cash rec

professor190 [17]

Answer:

Company should borrow = $15200

Explanation:

Below is the calculation for the borrowing amount:

Cash balance at the beginning = $18600

Add - Cash receipts = 186000

Less- Cash disbursements = (189200)

Budgeted cash balance = 18600 + 186000 - 189200 = 15400

Borrowing will be = Ending cash - 15400

Borrowing will be = 30600 - 15400

Borrowing will be = $15200

Company should borrow = $15200

6 0

2 years ago

According to the invisible hand concept, the best way for a society to encourage the creation of jobs and the production of the

shtirl [24]

Answer:

The correct answer is "Allow entrepreneurs personal freedom to follow their self-interest"

Explanation:

According to the invisible hand concept, the best way for a society to encourage the creation of jobs and the production of the products most wanted by consumers would be to allow entrepreneurs personal freedom to follow their self interest.

4 0

2 years ago

What are 3 categories of soft skills?

dimaraw [331]

Personal, social and methodical skills

5 0

2 years ago

Read 2 more answers