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stepan [7]
4 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]4 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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Explanation:

Calculations:

Today  ¥110.58 can be exchanged by $1

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US firm had to pay $904322.66 today.

US firm chooses to pay three months after the transaction and do not uses any hedging technique.

Three months later on settlement date  ¥110.13 can be exchanged by $1, so less  ¥ can be exchanged now than three months ago ( ¥110.58). Now US firm would incur transaction loss. Translation loss/gain occurs when balance sheet of a firm is converted from one currency to another.

<h3>US firm to pay 3 months later = 100000000/110.13 = 908017.79</h3>

US firm to pay $904322.66 three months later

<h3>Transaction gain/loss = $904322.66 - $908017.79 = -$3695.13 </h3>

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Answer:

Answer for the question:

Assume that the hypothetical economy of Molpol has 8 workers in year 1, each working 1,200 hours per year (40 weeks at 30 hours per week). The total input of labor is 9,600 hours. Productivity (average real output per hour of work) is $10 per worker

Instructions: In parts a and b, round your answers to the nearest whole number. In part c, round your answer to 2 decimal places.

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Is given in the attachment.

Explanation:

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3 years ago
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Answer:

The answer is below

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Hence, in this case, the correct answer or statement to the question are:

1. If Section 1231 assets are sold and the taxpayer has a realized loss, the loss is a fully deductible ordinary loss

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