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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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If revenues are greater than total variable costs of production but less than total costs, a firm A) earns a profit. B) suffers
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Answer:

C) breaks even.

Explanation:

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Hence, if revenues are greater than total variable costs of production but less than total costs, a firm breaks even because the amount of money being generated is greater than the cost of running the business.

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1. How is Unilever applying its understanding of internal consumer processes in the psychological core to market its products?
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Explanation:

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2 years ago
Yan Yan Corp. has a $5,000 par value bond outstanding with a coupon rate of 4.6 percent paid semiannually and 21 years to maturi
Aleonysh [2.5K]

Answer:

Price of the bond = $4,122.36

Explanation:

<em>The value of the bond is the present value(PV) of the future cash receipts expected from the bond. The value is equal to present values of interest payment plus the redemption value (RV).  </em>

Value of Bond = PV of interest + PV of RV  

The value of bond for Yan Yan Corp.  be worked out as follows:  

Step 1  

<em>PV of interest payments  </em>

Semi annul interest payment  

= 4.6% × 5,000 × 1/2 = 115

Semi-annual yield = 4.1%/2 = 2.05  % per six months  

Total period to maturity (in months)   = (2 × 21) = 41 periods

PV of interest =  

115  × (1- (1+0.0205)^(-21)/0.0205)=1,946.47

Step 2  

<em>PV of Redemption Value  </em>

= 5000 × (1.0205^(-41)   = 2,175.89

<em>Step 3:Price of the bond </em>

Total present Value = 1,946.47  +  2,175.89  = 4,122.36

Price of the bond = $4,122.36

 

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Answer:

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