Options:
A. Public prosecutor
B. Government Accountant
C. Internal auditor
D. Public accountant
Answer: C. Internal Auditor.
Explanation: An Auditor is a professional whose main responsibility is to evaluate processes or systems in order to determine and expose areas where losses or failures are taking place in order to mitigate or correct these losses and failures. There are two types of Auditors, which includes INTERNAL AUDITOR (An Auditor employed by a firm to continuously audit its processes,accounts or system) and EXTERNAL AUDITOR(An Auditor contracted from external bodies in order to audit a firm).
Incomplete question. The full question read;
Malcolm has several receipts from recent transactions that he entered into his records. The receipts include an ATM receipt for an $80.00 deposit, a grocery store receipt for $25.50, and a paycheck deposit slip for $650.00.
When he finishes entering his transactions, Malcolm realizes that his balance is incorrect. Assuming that Malcolm had no beginning balance, what should his correct balance be?
Answer:
<u>$704.50</u>
Explanation:
First, we need to note which transactions are credit transactions, and which is a debit transaction. <em>Remember</em>, a<u> credit transaction</u> basically means a transaction that brings money into your account, while the latter is a transaction that takes money out of your account.
Malcolm's credit transactions:
- ATM receipt for an $80.00 deposit
- paycheck deposit slip for $650.00
Total: <u>$730.</u>
Malcolm's debit transactions:
- grocery store receipt for $25.50
Total: $25.50
Substracting total debit transactions from credit transactions, Malcolm's correct balance would be = $704.50 ($730-$25.50).
What<span>approximately would be the total population of Illinois?
</span>
-12 million
The technology involved in rfid (radio-frequency identification) has traditionally been used to ----<u>manage</u><u> inventory prior</u><u> to items reaching the </u><u>sales floor.</u>
<u />
<h3>What's RFID and how does it work?</h3>
An RFID system consists of a bitsy radio transponder, a radio receiver and transmitter. When touched off by an electromagnetic interrogation palpitation from a near RFID anthology device, the label transmits digital data, generally an relating force number, back to the anthology. This number can be used to track force goods.
<h3>What are the advantages of RFID?</h3>
RFID offers dependable track- and- trace in tough surroundings. This technology can fluently track and give real- time data about force and product position. Whether you're tracking large asset force, individual products, or batches, you can profit from automatic real- time data collections.
Learn more about RFID technology :
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Answer:
Effect on net income=$328.22
Explanation:
DSO Formula is:
DSO=(Account Receivable/Credit sales)x365
Current DSO is:
DSO=(11500/100000)x365
DSO=41.975 days
In order to calculate the amount lowered we replace Account Receivable in DSO formula by X. DSO is 27 days
27=(X/100000)x365
X=$7397.26
Now:
Decrease in Account Receivable =$11500 - $7397.26=$4102.74
Effect on net income=$4102.74 * 8%
Effect on net income=$328.22
