Answer: weakness
Cashiers are not bonded. Cash is not adequately protected from theft. Inability to establish responsibility for cash with a specific clerk. The accountant should not handle cash. Cash is not independently counted.
Principal: Segregation of Duties.Human Resource Controls.Independent Internal Verification.Documentation Procedures Physical Controls.Establishment of Responsibility.
Explanation:
There should be separate cash drawers and register codes for each clerk. A cashier office supervisor should count cash. The cashier’s department should make the deposits. All cashiers should be bonded. Cash should be stored in a safe until it is deposited in the bank.
Answer:
b) Managerial hubris
Explanation:
Based on the scenario being described within the question it can be said that the term that is often used to describe this would be Managerial hubris. This term refers to the unrealistic belief by managers that believe that they can manage a target firm's assets better than that firm's current management. Which is what is happening in this scenario since the managers at Winter Wonder believe that they can do a better job at managing the Sleds by Bob business better that their current managers.
Answer:
Most companies have the resident expertise to complete an initial public offering (IPO) or first public equity issue.
Explanation:
When businesses need funding of their operations and growth they often exchange equity for funding from the public. For example when the retained earnings of a firm is not sufficient for its growth plans it can look to public funding through sale of shares.
An initial public offering (IPO) is done when a company gives out part of its ownership (equity) to the public in order to get funding.
Since IPOs occur only once in the lifetime of a company, most companies do not have a resident expert to complete an initial public offering (IPO) or first public equity issue.
Rather they employ a stock broker to arrange the IPO for the company.
Answer:
C. $24.55
Explanation:
Calculation to determine what the value of the stock is closest to:
Value of the stock =($1.25 / 1.11) + [1.56/ (0.11 -0.05)] / 1.11
Value of the stock =[1.126126+(1.56/0.06)]/1.11
Value of the stock = $24.55.
Therefore the value of the stock is closest to:$24.55
