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Rasek [7]
3 years ago
8

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 ______
Business
1 answer:
Anton [14]3 years ago
8 0

Answer:

Using predetermined totals to control posting routines.

Explanation:

A validation methods to avoid errors is the batch total control, that verificate the transcription errors and transportation errors.

Validations aims to make sure that data is sensible, reasonable, complete and  within acceptable boundaries.

The batch total checks that something is not missing by adding together a number field in different records and checking the total. For example, if an invoice has three items costing 1,2 and 3, the control will look for a batch total of 6.

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Which of the following is NOT true about College
777dan777 [17]

Answer:

It only offers 4 year degrees

Explanation:

4 0
3 years ago
Norris Co. has developed an improved version of its most popular product. To get this improvement to the market, will cost $48 m
lubasha [3.4K]

Answer:

NPV = $1.49  million

Explanation:

<em>The NPV is the difference between the PV of cash inflows and the PV of cash outflows. A positive NPV implies a good investment decision and a negative figure implies the opposite.  </em>

<em>NPV of an investment:  </em>

NPV = PV of Cash inflows - PV of cash outflow  

But we will need to work out the discount rate to be used for discounting the cash flows. Hence, we need to determine the cost of capital as follows:

Step 1: After-tax cost of debt

After tax cost of debt = pre-tax cost of debt × (1-tax rate rate)

                                 = 9%× (1--0.3)=6.3%

Step 2 : Weighted Average cost of capital (WACC)

WACC=( 0.25×6.3%) + (0.75× 13%) =11.325 %

Step 3:Net Present Value (NPV)

PV of cash inflow= (1- (1.11325^-5)/0.11325)× 13.5 = 49.49  million

Initial cost = $48 million

NPV = 49.49  million -  $48 million  =$1.49  million

NPV = $1.49  million

7 0
3 years ago
Melanie needs to ensure that readers are able to locate specific sections within a document easily. What should she include in t
frutty [35]

Answer:

table of contents

Explanation:

Table of contents, usually put at the beginning or end of a document, lists the chapter and section of the document, together with their page numbers. This is the widely used method that makes literature more readable and searchable.

So, Melanie needs to create a table of contents, so her readers will be able to find specific sections after glancing at it.

3 0
3 years ago
Read 2 more answers
On March 1, Sara, a student, received a telephone call from ComputerChip, Inc. offering her a job for one year beginning on June
densk [106]

Answer:

Yes, because the job offer is for longer than one year from March 1

Explanation:

Since in the question it is mentioned that Sara who is a student have offered a job on March 1 that begins on June 15 and she have to move to california for the job. So here the Sara  would ask the letter in the case when she accepted the offer immediately as the job offer would be more than one year i.e. from March 1

Therefore the above represent the answer

7 0
3 years ago
Shoe-leather costs arise when higher inflation rates induce people to __________.
S_A_V [24]

Answer:

D - Hold less money

Explanation:

Inflation is the persistent increase in the general prices of goods and services over a period of time.

During inflation period, nobody wants to hold more of cash because the value of money gets depreciated as inflation increases  (prices of goods increase).

For example, shoe-leather costs increases when there is an increase in inflation and it makes more economic sense to purchase shoe-leather as it preserves the value of money.

3 0
3 years ago
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