Companies create a division of labor among employees in order to allow each employee to perform one task at a high level
<h3>What is division of labor?</h3>
It involves Sharing of duties or job among individuals or employee.
An employee is allowed to handle a particular task for efficiency.
Therefore, Companies create a division of labor among employees in order to allow each employee to perform one task at a high level
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Answer:
None
Explanation:
In simple words, audit reporting or auditing refers to the process under which an independent third part, licensed by the regulatory body, examines the financial statements of an organisation to check if such statements depicts fair information and are made as per the regulatory standards.
The auditor if satisfied gives the positive assurance and if not then he or she can ask for further information or can directly report the statements to the regulatory bodies.
Answer:
The expected return that IMI can provide subject to Johnson's risk constraint is 8.5%
Explanation:
Capital Market Line (CML)
Expected return on the market portfolio, E(
) = 12 %
Standard deviation on the market portfolio, σ
= 20%
Risk-free rate, 
= 5%
E(
) = + [ E(
) - ] × ( σ
÷ σ)
= 0.05 + [ 0.12 - 0.05] × (0.10 ÷ 0.20)
= 8.5%
A Mortgage
A bank issues mortgage with interest typically over a long time for people to buy a house of constructing stuff.
Answer:
Debit Cash for $1,050; Debit Cash over and short for $9; and Credit Sales for $1,059.
Explanation:
The journal entries will look as follows:
<u>Date Account Title Debit ($) Credit ($) </u>
Sept 1 Cash 1,050
Cash over and short (w.1) 9
Sales 1,059
<em><u> To record cash over and short for the day. </u></em>
Working:
w.1: Cash over and short = Cash recorded - Actual cash collected = $1,059 - $1,050 = $9
