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3 years ago

Even if controls are in place, most companies require how man many signatures for checks over a certain dollar amount?

Business

2 answers:

ludmilkaskok [199]3 years ago

4 0

Answer:

Most companies require at least two signatures for checks over a certain amount. This is done to keep a checks and balances system within the company.

Checks are usually prepared by the finance department, and if the only someone inside that department was required to sign the check, then how could management control if the payments were correct or not? That is why an extra signature form someone outside the finance department is required.

FrozenT [24]3 years ago

3 0

Most companies requires at least two signatures for checks over a certain dollar amount.

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4 years ago

Which is not a reason for supporting ethical relativism?

raketka [301]

This is not the reason why not support ethical relativism; Ethical relativism holds that there is a right and wrong, even though we do not agree about what is right and wrong and If people disagree about some moral matter, their disagreement will always be due to their having different moral values.

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3 years ago

The type of law that is derived from tradition and earlier judicial decisions is

dolphi86 [110]

Answer: The answer is a Common Law

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3 years ago

Managers today need to look past traditional viewpoints in determining the success of their company's strategy. One such approac

bogdanovich [222]

Answer:

The Balanced Scorecard

Customer satisfaction:

Perspective: Customer: This perspective concentrates on things like customer service.

Goal: Service: This would be the level of customer service.

Measure: How do our customers see us? Survey: This would be the results of an online customer satisfaction survey.

Internal processes:

Perspective: Internal business: This perspective focuses on the things that a company has to do internally to meet and exceed customer expectations.

Goal: Productivity: This would concentrate on changes to the process involved in production.

Measure: How do we look to our shareholders? Analysis: This would use data from the ERP system to look into success levels of company processes.

Innovation and improvement activities:

Perspective: Innovation and Learning: This perspective is concerned with making sure employees learn and grow so they can continually innovate.

Goal: Training: This would focus on providing enhanced training opportunities for employees.

Measure: What do we need to excel at? Results: This would look at changes in the skill level of employees.

Financial measures:

Perspective: Financial: This perspective has to do with the conversion of performance into financial performance and the creation of value.

Goal: Growth: This would concentrate on an increase in sales.

Measure: Can we continue to improve and create value? Sales: This would be the annual sales figures.

Explanation:

The balanced scorecard which Bryan is developing for KanO Mines helps KanO Mines to understand how to create value in the organization. With the balanced scorecard as a strategic planning and management tool, organizational goals are communicated to KanO Mines, so that his daily activities are aligned with the organizational strategy. It also helps him to prioritize his projects, products, and services. The balanced scorecard does not only deal with perspectives and goals, it also helps KanO Mines and his manager, Bryan, to measure and monitor his progress towards achieving the set organizational strategic goals.

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3 years ago

Morganton Company makes one product and it provided the following information to help prepare the master budget:

yanalaym [24]

Answer:

Budgeted sales for July = $60*29000=$1740000

Expected Cash Collection :30%*1740000=$522000

Explanation:

Budgeted Cash sales for July =$6*29000=$1740000

Expected cash collection for July =70%(60*9800)+30%(1740000)

411,600+522,000=933,600

Account receivable at the end of July =70%*1740000 = $1,218,000.

Units produced in July = 80% * 29000+20%*31000 =29400

5) (10% * 124800 )+90%(4*29400)=12480+105840=118,320

6) 118320*2.5=$295,800

7)(70%*152,160)+(30%*295,800)=106512+88740=$192,252

8) 70%*29580$207,060

9)10%*124800=12,480

10)29400*2*15=$882,000

11)(29400*2*7)+882000=1,293,600/29400=$43.98

12)(20%*31000*2*15)+ (20%*31000*7)= 186000+43,400=229,400

13)Cost of goods sold = 1,293,600

Gross Margin =1,740,000-1,293,000=$447,000

14)68000+(1.8*29000)=$120,200

15) (29000*60)-(1,293,600) - (1.8*29000)-68,000=$326,800

3 0

4 years ago