Answer: (A) Control deficiency
Explanation:
The control deficiency is the type of situation in which the operation and the designing of the control are not allowing the management and an employee performing the various type of assigned function.
The control deficiency process occur when the person are involving with the authority in the transaction cycle.
This situation is usually occur in an larger type of an organization. The deficiency may be on the financial report that control internally.
Therefore, Option (A) is correct.
Answer:
$0.15
Explanation:
Interest is calculated using the formula below.
I = P x i x t
where I = interest
P= principal amount.
i=interest rate
t=time
Interest is given as an annual percentage. A 2.75 % interest will translate to 2.75/100 divided by 12 monthly interest. Therefore, the applicable interest rate is 0.00229 %
interest for the month will be
i=$65 x 0.00229 x 1
=$0.14895
=$0.15
Answer:
Bad debt expense for 2016 should be: c. $8,520
Explanation:
As of December 31, 2016, Amy Jo's Appliances had accounts receivable of $313,000 and the allowance for uncollectible accounts should be 3% of accounts receivable
Bad debts are estimated: 3% x $313,000 = $9,390
Amy Jo's Appliances had $870 in the allowance for uncollectible accounts
Bad debts expense = $9,390 - $870 = $8,520
The entry will be made:
Debit Bad debts expense $8,520
Credit Allowance for uncollectible accounts $8,520
Using the scenarios in case exhibit 9, Leverage will always lead to an increase in the total rate of return in the equity because leverage will be increasing the interest tax Shield due to which it can be seen that the total market value of the company has increased with a higher amount of debt capital.
The cost of capital is generally decreasing with a higher amount of leverage as there will be benefits associated with interest tax shield.
It can be noticed that when a high amount of leverage is used by the company, it is eventually leading to a higher amount of market value for the company as well so higher leverage is leading to a higher amount of market value for the company so leverage is directly related to increases in the market value as high amount of leverage will be increasing the total market value.
Leverage is an investment strategy that uses borrowed money (specifically, the use of various financial instruments or borrowed capital) to increase the potential return on investment. Leverage can also refer to the amount of debt a company uses to fund its assets.
Leverage is the amount of debt a company has in its debt-equity combination (capital structure). A company with more debt than the industry average is considered highly leveraged. The definition of leverage is the act of leverage or force to influence a person, event, or thing. An example of a lever is the action of a seesaw. An example of leverage is being the only person running for class president. noun.
Learn more about Leverage here
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Answer: • set up the computer hardware for the database.
• Set up the computer software for the database.
• train designated employees to use the database
• protect the confidentiality of the database
Explanation:
The options include:
a. Set up the computer hardware for the database
b. Set up the computer software for the database
c. train designated employees to use the database
d. Design a help page to show people how to use the database
e. protect the confidentiality of the database
Since the new hire is an IT professional who is employed to create a shipment database, the individual should be able to:
• set up the computer hardware for the database.
• Set up the computer software for the database.
• train designated employees to use the database
• protect the confidentiality of the database
