All categories

3 years ago

In a retail cash sales environment, which of the following controls is often absent?

Business

1 answer:

JulijaS [17]3 years ago

6 0

Answer:

The correct answer to the following question is option b) Separation of functions.

Explanation:

In a retail environment , the cash management process starts when a customer pays the cashier for the product or services he or she has purchased. The cashier then counts the cash in till drawer and then at end of the day cashier takes that cash to the third party who can be either manager or owner or a supervisor. Then cashier would receive a receipt against the cash for till drawer.

Now supervisor would collect cash from all the cashier and prepare the cash to be deposited in bank. So from this process it is quite clear that here there is separation of functions here and while all other options given in the question are present in the process.

You might be interested in

The term risk, when applied to borrowers, specifically refers to

kati45 [8]

The answer is like hood to payback the debt.
the term risk when applied to borrowers specially refers to like hood to pay back the debt. There is a big possibility that the borrowers will not be able to payback the debt, such as bankruptcy of their firm.

7 0

3 years ago

Mathelesea Corporation has 8,000 shares of 5%, $5 par cumulative preferred stock and 46,000 shares of common stock outstanding.

Vlada [557]

Answer:

The correct option is A,$49,000

Explanation:

The share of declared dividends for the common stock shareholders is the total dividends declared in the current minus the preferred stock dividends for current year and prior year because preferred stock is entitled to arrears of dividends(it has cumulative conditional clause attached).

Total dividends declared $53,000

preferred stock dividend(2016) ($2,000)

preferred stock dividend(2017) ($2,000)

common stock share of dividends $49,000

Preferred stock dividend=8000*5%*$5=$2000

The correct option,based on the above analysis,is option A

4 0

3 years ago

Barney heads the finance team of Neon Inc. Some of his team members display very low levels of readiness. He provides specific i

sattari [20]

Answer:

The correct option is (c)

Explanation:

A leader who displays directing leader style gives particular instructions to the subordinates and clearly defines roles and tasks assigned to them. He supervises the tasks performed by the subordinates.

The leader makes all decisions and communicate the same to the subordinates so it is a one-way communication as he does not seek feedback from the them.

Here, Barney displays directing leader style as he is more task oriented and not relationship oriented. He has clearly stated the tasks and deadlines to the subordinates.

3 0

3 years ago

A large corporation that runs nursing homes estimates that changes to Medicare will result in lower payments by Medicare to nurs

astra-53 [7]

Answer:

Should not

Explanation:

From the question, marginal cost exceeds the marginal benefit to be derived from the addition of beds.

Thus MC > MB

This means that it will cost the Corporation more to expand the number of beds than the benefits that they will derive from adding this feature. This shows that they are better off avoiding the addition of beds as this would make them to run at a loss. Hence, they should not offer additional beds.

3 0

4 years ago

A manufacturing division has an average of $1,800,000 invested in assets and earned income of $720,000. The division's return on

Romashka [77]

Answer:

ROI = 0.4

Explanation:

To find the answer, we use the following formula:

Return on Investment = Profit / Investment

Now, we simply plug the amounts into the formula:

Return on Investment = $720,000 / $1,800,000

= 0.4

5 0

3 years ago