Answer:
1. Once a month, the sales department sends sales invoices to the accounting department to be recorded.
⇒ documentation procedures
Unless all of the company's sales take place only once a month, sales should be recorded as soon as possible. Accounting records must be as precise and accurate as possible, and they must be processed on time. Stacking invoices makes no sense, since sales might be on cash or the collection period might be very short. Who holds the money until the sales records are made?
2. Leah Hutcherson orders merchandise for Rice Lake Company; she also receives merchandise and authorizes payment for merchandise.
⇒ segregation of duties
One single person cannot be responsible for the whole process, since this creates a huge opportunity for fraud. Imagine if the person in charge of the inventory is also in charge of making new purchases, paying for them and reporting ending inventory. No company would be able survive one year, while the person in charge would get rich.
3. Several clerks at Great Foods use the same cash register drawer
⇒ establishment of responsibility
If everyone is allowed to collect money, no one can be responsible for any loss.
Evaluating the effect of the risk is it
Answer:Net present Value
Explanation:
Net present value acknowledges time value of money
On the far right side of the AS curve, the economy is producing above potential, and on the far left of the curve, it is producing below potential.
<h3>What is AS curve?</h3>
It should be noted that the AS curve simply means the aggregate supply curve and it's the quantity of real GDP that's supplier by the economy.
In this case, on the far right side of the AS curve, the economy is producing above potential, and on the far left of the curve, it is producing below potential.
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