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stepan [7]
3 years ago
10

X Company is concerned that it does not have enough employees to ensure adequate segregation of duties in its revenue cycle. Whi

ch of the following may be performed by the same individual?
A. Approving sales and delivering the inventory from the storage area to the shipping area.
B. Opening the mail and reconciling the perpetual inventory records to the physical count.
C. Opening the mail and recording entries in the sales journal.
D. Recording entries in the sales journal and delivering inventory from the storage area to the shipping area.
Business
1 answer:
MAVERICK [17]3 years ago
5 0

Answer:

The correct answer is C)Opening the mail and recording entries in the sales journal.

Explanation:

It is the correct answer because both activities can be done sitting on the desk, using the same computer. All the other answers refer to activity pairs that would require physical activity, and this would reduce efficiency. For example, making journal records and delivering inventory are extremely disjointed activities, it is like being an accountant and a delivery person at the same job.

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2 years ago
The inflation rate over the past year was 3.8 percent. If an investment had a real return of 6.9 percent, what was the nominal r
Natalka [10]

Answer:

Nominal rate of return= 10.96%

Explanation:

Inflation is the increase in the price level.It erodes the value of money.rise in the price of money

<em>Nominal interest is that quoted for investment or loan transactions. It has not been been adjusted for inflation.  </em>

<em>Real interest rate is the amount of interest in terms of the the quantity of good and services that can be purchased. It is the nominal interest rate adjusted for inflation. </em>

The relationship between inflation, real interest and nominal interest rate is given using the Fishers Effect;

N = ( (1+R) × (1+F)) - 1

N- nominal rate, R-real rate, F- inflation

Nominal rate of return =(1.038)× (1.069) - 1 = 0.109622

Nominal rate of return =  0.109622 × 100 = 10.96%

Nominal rate of return= 10.96%

6 0
3 years ago
A manager at jcpenney discovers that dillard's has reduced the price of its children's levi's from $31.99 to $24.99, according t
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