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4 years ago

With good internal controls, the person who handles cash can also

Business

1 answer:

Nitella [24]4 years ago

3 0

Answer: None of the above.

Explanation:

The correct answer will be "None of the above." The person who handles cash cannot issue credits to customers on sales returns. This could be because their job function does not include this process.

The person also may not account for cash receipts to customers. They can also not account for cash purposes. This could also be because these processes are not included in the persons job function or duties.

Each job function has a clear set of duties that one can perform. Each business has different jobs for people and this particular one does not allow for the person handling cash to do anything else.

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a sale is made at a lumber company for goods costing a total of $13,359 (which includes 9.5% sales tax). in the books of the lum

antoniya [11.8K]

Answer:

$12,200

Explanation:

Sales including sales tax = $13,359

Sales tax rate = 9.5%

Let the sales be = $X

Sales tax payable = Sales * Sales tax rate

Sales tax payable = X * 9.5%

Sales tax payable = 0.095X

Sales + Sales tax = Sales including sales tax

X + 0.095X = 13,359

1.095X = 13,359

X = 13,359/1.095

X = $12,200

So, Sales = $12,200. Thus, in the books of the lumber company, Revenue should be credited for $12,200

4 0

3 years ago

Which type of financial statement should you look at if you want to see a company's profits and losses over a specific period of

Tju [1.3M]

I believe the answer is D

4 0

3 years ago

Read 2 more answers

A proposed nuclear power plant will cost $2.7 billion to build and then will produce cash flows of $350 million a year for 15 ye

Irina-Kira [14]

Answer:

NPV when I is 3% = $2,088,046,130

NPV when I is 16% = $-646,059,679.8

Explanation:

Net present value is the present value of after tax cash flows from an investment less the amount invested.

NPV can be calculated using a financial calculator

Cash flow in year 0 = $-2.7 billion

Cash flow each year from year 1 to 14 = $350 million

cash flow in year 15 = $950 million + $350 million = $1,300 billion

NPV when I is 3% = $2,088,046,130

NPV when I is 16% = $-646,059,679.8

To find the NPV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

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3 years ago

Do you think it was easy for people in declining manufacturing industries to switch into the service sector? explain.

Alecsey [184]

No, because the manufacturing industries had a different set-up than the service sector. The manufacturing industries are driven to produce quality products with minimal regard to how their actions have an effect on the customers. They only had to produce good products. The service sector requires interpersonal skills that requires training and development.

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3 years ago

The __________ system is a free online service that allows employers to check the legal status of their employees.

Sloan [31]

The answer is E-verify.

The E-verify system is a free online service that allows employers to check the legal status of their employees.

What is E-verify system?

E-Verify may be a Joined together States Division of Country Security (DHS) site that permits businesses to decide the qualification of their workers, both U.S. and remote citizens, to work within the Joined together States.
Note that no government law mandates utilize of E-Verify.E-Verify was initially built up in 1996 as the Fundamental Pilot Program to prevent undocumented laborers and other individuals who have damaged migration laws from getting work wrongfully within the Joined together States.
In Eminent 2007, DHS begun requiring all government temporary workers and merchants to utilize E-Verify.
The Internet-based program is free and kept up by the Joined together States government.

To know more about E-verify system visit:

brainly.com/question/20714456?

#SPJ4

4 0

2 years ago

With good internal​ controls, the person who handles cash can also

With good internal controls, the person who handles cash can also