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Ainat [17]
3 years ago
6

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.

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Use a credit card and pay off something each month.

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3 years ago
Dee Trader opens a brokerage account and purchases 300 shares of Internet Dreams at $40 per share. She borrows$4,000from her bro
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Answer:

A. The stock is purchased for $40 x 300 shares = $12,000.

Given that the amount borrowed from the broker is $4,000, Dee's margin is the initial purchase price net borrowing: $12,000 - $4,000 = $8,000.

B. If the share price falls to $30, then the value of the stock falls to $9,000. By the end of the year, the amount of the loan owed to the broker grows to:

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7 0
3 years ago
You would cut the mirrpoix ingredients smaller when making a fish fumet than when making a beef stock because the
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3 years ago
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Fundamentals of Internal Control Systems

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to know more about  Internal Control Systems

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