Answer:
d.The same person that prepares the check should also record it in the proper journal.
Explanation:
Internal control is essential so that any frauds shall not take place. Also that the primary condition is that all the work shall be segregated in different stages, to different people so that there is a check on the quality of work done by the each person.
Thus, when a check is to be issued then the same shall be recorded by some different person, so that the person recording can verify is the check amount and party accurate and not fraud.
Answer: True
Explanation:
In business, terms of agreement which is concluded earlier stands a better chance to stand over decisions taken at the later moment.
The means of communication here affected how the communication went. They both used mail postage but that which were initially agreed would stand over that which is being cancelled later.
Answer:
The correct answer is letter "B": specialty goods.
Explanation:
Specialty goods are those for which buyers can make a special offer to acquire them based on special features the good has and brand recognition that makes it unique. <em>Luxury cars, cultural ornaments, </em>and <em>high-fashion clothing</em> are examples of specialty goods.
The answer is we educators....
Answer: 27%
Explanation:
The Average rate of return is calculated by;
= Estimated Average Annual income / Average Investment
Estimated Average annual income = Total income/ years income is accrued
= 402,300/5
= $80,460
Average Investment = (Initial cost + Residual value) / 2
= (524,500 + 71,500) / 2
= $298,000
Average rate of return = 80,460/298,000
= 0.27
= 27%
