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2 years ago

Which of the following risk factors indicates an increased risk of misappropriation of assets?

1 answer:

4 0

Answer: In the given case, the following indicates an increased risk of misappropriation of assets: <u><em>lack of mandatory vacations for employees performing key functions.</em></u>

Here, employees are a integral part of an organization. They are considered as one of the most vital asset of an organization. Therefore if there are lack of mandatory vacations for employees then there will be an increase in risk of misappropriation of assets.

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During its first year of operations, Gehrig Company had credit sales of $3,000,000, of which $400,000 remained uncollected at ye

LenKa [72]

Answer:

Bad Debts (Dr.) $18,000

Allowance for Doubtful Accounts (Cr.) $18,000

Explanation:

When the management expects that it will not be able to collect a certain amount of receivable, it records Bad Debts in the Profit or Loss and a Credit entry to it is charged to contra-asset account known as "Allowance for Doubtful Accounts". It should be kept in mind that, at this stage it is only the expectation of management that the receivable from customers will not be collected. When the management is certain about the default of customer, it write-offs the Receivables. This is done by debiting Allowance for Doubtful Account and crediting Accounts Receivables. Write-off has no impact on the Net Realizable Value (Accounts Receivables - Allowance for Doubtful Account).

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8 0

2 years ago

Read 2 more answers

Step 1: Review the case study below. Dewey, Cheatham, and Howe are partners in a law firm operated as a general partnership. Dew

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Answer:

do your own work serously

Explanation:

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3 years ago

Santoyo Corporation keeps careful track of the time required to fill orders. Data concerning a particular order appear below:Hou

Nutka1998 [239]

Answer:

The delivery cycle time was 25.2 hours

Explanation:

Working notes:

Consider the following formula to solve the exercise

delivery cycle time=Wait time+Process time+Inspection time+Move time+Queue time

=(12.7+1.8+0.2+4.4+6.1)

which is equal to = 25.2 hours.

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2 years ago

5 year plan example for high school seniors

SOVA2 [1]

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A five year plan is a list of priorities you would like to accomplish over the next several years. As well as actions you can take when you make mistakes, so that you can still meet those goals.

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1 year ago

According to a recent survey, what percentage of local police agencies has experienced a "measurable increase" in the reporting

zheka24 [161]

According to a recent survey, 80 percentage of local police agencies has experienced a "measurable increase" in the reporting of computer and electronic crimes.

What is electronic crimes?

Tajikistan, Bangladesh, and China are the nations with the least cyber-security in the world, according to our research. Tajikistan had the greatest rates of crypto miner assaults (5.7%), PCs experiencing at least one local malware attack (41.16%), and users being attacked by banking malware (4.7%).

Some internet crimes target tangible objects like computers or servers. These offenses include copyright infringement, IPR violations, hacking, virus transmission, cyber and typo squatting, computer vandalism, and DDOS attacks.

To know more about electronic crimes, refer:

brainly.com/question/4511174

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4 months ago