Answer:
(a) Physical controls
(b) Human resource controls
(c) Independent internal verification
(d) Segregation of duties
(e) Establishment of responsibility
Explanation:
(a) All over-the-counter receipts are entered in cash registers. That is an example of the physical controls principle.
(b) All cashiers are bonded. That is an example of the human resource controls principle.
(c) Daily cash counts are made by cashier department supervisors. That is an example of the independent internal verification principle.
(d) The duties of receiving cash, recording cash, and having custody of cash are assigned to different individuals. That is an example of the segregation of duties principle.
(e) Only cashiers may operate cash registers. That is an example of the establishment of responsibility principle.
Hello,
Here is your answer:
The proper answer to this question is option A "true". Competition is a big part of marketing.
Your answer is A.
If you need anymore help feel free to ask me!
Hope this helps!
Answer:
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<em>The margin of safety for April,</em> expressed as a difference and as percent:
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Explanation:
The <em>margin of safety</em> is the how much the sales exceed the breakeven volume of sales.
<u>1. Calculate the breakeven volume:</u>
Equation:
- Variable costs + fixed costs = Revenue
↓ ↓ ↓
21x + 63,000 = 63x
Solve for x:
<u>2. Margin of safety:</u>
- Margin of safety = Actual sales - Breakeven volume
- Margin of safety = 3,100 units - 1,500 untis = 1,600 units
You can report the margin of safety as the difference, 1,600 units, or as a percent of the sales:
- Percent = (1,600 units / 3,100 units) × 100 = 51.6%
Answer: state ownership
Explanation:
State ownership was once considered the ideal engine for economic growth, but resulted in inflated public-sector bureaucracies and inefficient public companies.
In state owned enterprises, there are inefficiencies among the employees as they don't really strive to achieve their goals unlike those that works in private establishments who are more serious with their work.
Answer:
Assets increase by $10,000
Total stockholders' equity increases by $10,000
Explanation:
To see impact of transcation mentioned in question on asset, liability and equity lets first begin with journal entry. Journal entry is given below.
Debit New Asset 110,000
Credit Cash Asset 40,000
Credit Old Asset 60,000*
Profit on disposal 10,000
*Old asset net book value = cost - accumlated depreciation
=100,000- (4*10,000) = 60,000
So this is clear that the asset and equity will increase as result of transaction mentioned above them. There will no impact on liability.