Answer:
C) Be responsible for negotiating terms with vendors.
Explanation:
In order effective internal controls, different employees should have different roles in an organization, they should have segregated duties.
For example; an employee of the purchasing department is responsible for searching for new vendors that comply with the organization's requirements. The purchasing manager is responsible for negotiating the price of supplies and materials. The production department is responsible for requesting new supplies or materials. The finance department is responsible for writing down checks. The general manger signs the checks after reviewing supporting information.
Pretesting is a very useful method for determining
Answer:
C- Sale of land for cash.
Explanation:
Since, cash would be generated from the sale, and it would be invested in buying something else like stocks or an asset, It would be included in the portion of investing activity in the cash flow statement.
Answer:
The correct answer is $18920.
Explanation:
Boone Company purchased a piece of machinery by paying $18,000 cash.
In addition to the purchase price, the company incurred $800 freight charges.
Estimated useful life of the machine is 5 years and will require $600 for insurance over that period.
So insurance money for a year = $ (
) = $120.
Boone Company would record the cost of the machine at $ ( 18000+ 800+ 120) = $ 18920.
A. they can all become common
