Typically there is a correlation as time passes, interest rates go up. That is great for investments but not so good for debt.
Answer:
Total disbursement for Q2 $579,43
Explanation:
We will assume the sales are purchase are uniform during the year.
therefore days 1-30 sales are paid within the quarter
and day 31 to 90 are paid the next quarter:
Q1:
Purchase for Q2 x 65% = 660 x 65% = 429
Q2:
dividends = 60 dollars
wages taxes and other 660 x 16% = 105.6
<u>payment to suppliers</u>
remainder of next quarter:
660 x 65% x 2/3 =286
payment of this quarter purchase:
590 x 65% x 1/3 = 383,5 x 1/3 = 127,83
Total disbursements:
60 + 105.6 + 286 + 127.83 = 579,43
Answer:
Tortoise Bay Pharmaceuticals Inc.
The original memo sent by the president of the company is an example of
downward communication.
Explanation:
Whereas upward communication flows from the lower levels of an organization to higher ranks, with downward communication, information flows from one top level to a lower level in the organization's hierarchy. For example, the original memo sent by the CEO of Tortoise Bay Pharmaceuticals Inc. to his vice presidents is a downward communication. The memos that provide employees' feedback (an efficient communication feature) to the vice presidents and the CEO about the new procedures are examples of upward communication.
Answer:
Segregation of duties
Explanation:
Segregation of duties is a system of internal control practice where tasks are broken down into different steps with different individual or department handling different steps.
The aim is to provide an oversight and review of action to minimize frauds and errors. With this method , it becomes difficult for an individual to perpetrate and conceal fraudulent activities.
The breaking down of recording and approving transaction between the employee and the supervisor conforms with the practice of segregation of duties.