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3 years ago

Important elements of an internal control system for cash disbursements include each of the following except:

Business

1 answer:

DIA [1.3K]3 years ago

6 0

Answer:

d.The same person that prepares the check should also record it in the proper journal.

Explanation:

Internal control is essential so that any frauds shall not take place. Also that the primary condition is that all the work shall be segregated in different stages, to different people so that there is a check on the quality of work done by the each person.

Thus, when a check is to be issued then the same shall be recorded by some different person, so that the person recording can verify is the check amount and party accurate and not fraud.

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Presented below is information related to Blossom Company. 1. Net Income [including a discontinued operations gain (net of tax)

Vilka [71]

Answer:

rvvrrr

Explanation:

7 0

3 years ago

The CEO of the company you are interning for states that her number one goal for the year is to maximize the company’s profit.

Zanzabum

Answer:

Explanation:

Profit maximization objective can easily be manipulated and it is highly subjective. Management may decide to avoid some costs in the short-term such as Investment in Assets, Investment in R &D and other discretionary cost in order to have an impressive profit performance. In the long-run, the avoidance of this cost now may reduce the earnings capacity of the company assets.

Using profit as measure of performance for manager may encourages dysfunctional behavior.

In the true sense, profit generation may not translate into increase in the value of the company . For example, management may decide to reduce depreciation charge, decide to over state revenue or over valued inventory

On other hand, maximizing shareholder value is a long-term and sustainable objective that involved investing in viable projects with positive net present value to enhance the value of the company.

When this is used as a performance measure , it very difficult to manipulate in the short-term.

6 0

4 years ago

) a substance decays 22ach day. after 7 days, there are 9 milligrams of the substance remaining. how many milligrams were there

mamaluj [8]

A substance decays in 22ach days. after 7 days, there are nine milligrams of the substance last. milligrams had been there to start with:

at the give-up of each day, you are left with (100- 22)% = 7-8%, that is 0.7-8Tim.

To decay is described as to rot, lose strength or become worse. An example of degradation is while old fruit begins to rot. An instance of degradation is whilst a community begins to come to be crime-ridden. A falling into spoil.

a few common synonyms of deterioration are decomposed, putrefy, rot, and spoil. even as these types of words suggest "to go through negative dissolution," decay implies a sluggish exchange from a country of soundness or perfection.

The wooden of the white pine is long-lasting for indoor use, in particular, whilst covered by means of paint, however, while uncovered to moist air it swiftly decays, and it is very prone to dry rot; its miles are said to be excellent while grown on sandy soils.

Learn more about decays here: brainly.com/question/25537936

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7 0

2 years ago

Dannon Co. mistakenly reported its expenses of $35,200 on the cash basis. Corporate records revealed the following information:B

Sedaia [141]

Answer:

amount of expense report = 34,250

so correct option is a. $34,250

Explanation:

given data

expenses on cash basis = $35,200

Beginning prepaid expense = $1,300

Beginning accrued expense = 1,650

Ending prepaid expense = 1,800

Ending accrued expense = 1,200

to find out

amount of expense report on books under accrual basis

solution

we know that accrual basis reflect expenses incurred during the period while cash basis reflect expenses actually paid during the year in cash

Expense on Cash basis is $35,200

and

Increase in prepaid expenses = expenses paid for next period

= $1800 - $1300 = $500

and

Decrease in Accrued Expenses = expenses paid of earlier period

= $1650 - $1200 = $450

amount of expense report on books under accrual basis is

amount of expense report = 35,200 - 500 - 450

amount of expense report = 34,250

so correct option is a. $34,250

4 0

4 years ago

Given the following information on job times and due dates.

user100 [1]

Answer:

Job sequence

First come first serve = a - b-c-d-e-f

Shortest processing time = b-e-a-c-d-f

Earliest due date = e-b-a-c-f-d

Critical ratio = e-a-b-f-c-d

First come first serve Shortest processing time Earliest due date Critical ratio

Average flow time 12.5 11.33 11.58 12.08

Avg Job tardiness 2.83 0.83 0.42 0.67

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3 0

3 years ago