Two people are assigned the task of, and are present for, opening the mail. The recordkeeper and the person who reconciles the bank balance do not have access to cash.
An organization may define internal controls as a set of policies and practices to safeguard its resources, increase productivity, improve financial accountability, ensure corporate guidelines, and stop employee fraud. Since there is a precise and trustworthy accounting system, internal controls are meant to ensure that loss is eliminated. Internal control involves the timely use of both internal and external auditing or financial reporting resources. As a result, it helps maintain correct and proper financial records, which also helps increase operational effectiveness. Internal controls that are implemented correctly aid in improving operational effectiveness, safeguarding assets, providing accurate financial information, preventing fraudulent or illegal behavior, and timely filing of financial reports.
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Answer:
Actual Inventory $ 343640
Explanation:
FOB Shipping point means as soon as the goods are sold they are the buyer's property and must be excluded from the inventory.
FOB destination means that the goods are the seller's property and responsibility unless the goods reach the destination. They are included in the seller inventory unless the buyer gets them.
Inventory sent on consignment is also counted in the cosigner's inventory.
The inventory costing $20,800 that was sold on December 28, terms FOB shipping point will not be included in the seller's inventory. They are now the buyer's responsibility.
Windsor, Inc
Inventory Stock Count on 31 Dec $301,000
Add inventory sent on consignment $29,120
Add Inventory purchased FOB shipping $13,520
Actual Inventory $ 343640
Answer:
The correct answer is letter "A": Standard Email-to-Case with assignment rules.
Explanation:
Salesforce is a Customer Relationship Management software that helps businesses to connect with their clients and obtain more information about them. Salesforce services allow companies to use cloud technology to follow-up on clients' activities, optimize marketing strategies and coordinate new service sales.
The Email-to-Case e-mailing feature allows clients to create cases and alerts when customers send messages to the e-mail address the company assigns for this according to the purpose the firm wants to give to this box.
Answer:
The correct option here is option D) Mercantilism.
Explanation:
Mercantilism was a type of economic theory which was practiced around 16th - 18th century , that was based on a idea that a country's wealth and power could well be increased by increasing the exports and decreasing the imports, thus overall increasing the the trade.
This theory promotes that government should regulations on the country's economy to serve the purpose of augmenting state of power at the cost of rival country's powers. This is the same policy that China is using against U.S. in their favor to increase their monetary reserves , through a positive balance of trade.
Answer:
a) $ 40,480
b) 17.60%
Explanation:
Working:
a. Increase in sales a 2,30,000
Less:
b=a*5% 11,500
c=a*2% 4,600
- Production ans selling costs
d=a*71% 1,63,300
e=a-b-c-d 50,600
f=e*20%
10,120
Net Income 40,480
b)Return on sales
Net Income/Sales
40480/230000
17.60%
