Answer:
Segregation of duties.
Explanation:
Segregation of duties -
The concept of segregation of duties is based on the shared responsibilities .
It refers to the method of assigning different person for different task , is referred to as segregation of duties .
It is the fundamental building block for running a business efficiently , in order to reduce any management risk .
In the business it is the major case of any fraud or error , as one person is responsible for maximum duties functioning in the business .
Therefore , it is import to divide various duties .
Hence , from the given scenario of the question,
The correct answer is segregation of duties .
Answer:
The amount of the net income shown on the income statement is $9,000
Explanation:
The computation of the net income is shown below:
Net income = Services provided for cash = operating expenses incurred
= $45,000 - $36,000
= $9,000
According to the matching principle, the revenues of a particular period should always be matched with the expenses that are incurred in that particular year
So, the net income that is to be reported on the income statement is $9,000
Note: Options are shown in the attachment
Answer:
degree of operating leverage= 4.742
Explanation:
Giving the following information:
Contribution margin 73,500
Net operating income $ 15,500
<u>To calculate the degree of operational leverage, we need to use the following formula:</u>
degree of operating leverage= Total contribution margin / operating income
degree of operating leverage= 73,500 / 15,500
degree of operating leverage= 4.742
