Answer and Explanation:
There are sure key focuses which manager should remember to guarantee a smooth coordination of the data system.
- Has the IT guide and system been resolved?
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In view of the IT methodology, is the union arrangement for the IT frameworks set up?
- Does a solidification plan have satisfactory time and assets for mix?
- Have test plans been created?
- In light of the IT system is there an emergency course of action close by?
- Are for the most part frameworks components incorporated into the solidification plan?
- Has the arrangement for IT acquirement, physical area and assets been resolved
Answer:
- It is not immediately obvious whether the effect of the conversion of a particular convertible security would be dilutive or antidilutive.
- If the effect of the conversion or exercise of potential common shares would be to increase EPS, the related securities are referred to as antidilutive securities.
- To determine whether convertible securities are dilutive, we can compare the “incremental effect” of the conversion (expressed as a fraction) with the EPS fraction before the effect of any convertible security is considered.
Explanation:
The antidilutive securities may be defined as the financial instruments for which an organization possess at a particular point of time that are not in the form of a common stock. When these antidilutive securities are converted into a common stock, it results in an increase in earnings for one share of the organization. Thus the EPS or the earnings per share increases when the the antidilutive securities are converted into the common stocks.
The following effects of the antidilutive securities on the EPS are true :
- the effects of conversions of any convertible security are not immediately obvious that it would be dilutive or antidilutive.
- when the effect of the conversion or the exercise of any potential common shares is to increase the EPS, then the securities are called as antidilutive securities.
- To know if the convertible securities are dilutive or antidilutive, we have to compare its incremental effect with the EPS before any effect of the conversion.
Answer:
This method of allocation, called first come, first served, is often used to distribute cheap tickets to rock concerts, sporting events, movies, and many other events. The first come, first served method does a fairly good job of allocating tickets to the people who want to see the show the most.
Answer:
1. Several individuals operate the cash register using the same register drawer. Weak Internal Control. <u>Establishment of Responsibility Internal control violated. </u>
Having many individuals have access to the cash register can lead to theft. Establishment of Responsibility is an internal control that calls for the minimal amount of people being able to do one task. This way issues can be traced faster.
2 .A monthly bank reconciliation is prepared by someone who has no other cash responsibilities. Good Internal Control. <u>Independent Internal Verification control followed. </u>
Independent Verification occurs when a person who is an employee of a company but not related to a task, audits that task to find out if any irregularities are present. It ensures unbiased review.
3. Joe Cockrell writes checks and also records cash payment journal entries. Weak Internal Control. <u>Segregation of Duties Internal control violated. </u>
Segregation of duty calls for the division of a job process into tasks that different people are to accomplish especially in relation to cash. It can help avoid fraud because people will not be able to approve payments for themselves which is what Joe Cockrell can do in this scenario. Joe can withdraw and decide not to record it.
4 .One individual orders inventory, while a different individual authorizes payments. Good Internal Control. <u>Segregation of Duties Internal control followed. </u>
Segregation of duty calls for the division of a job process into tasks that different people are to accomplish especially in relation to cash. By having one individual order inventory and the other authorizing payments, fraud can be better avoided.
5 .Unnumbered sales invoices from credit sales are forwarded to the accounting department every four weeks for recording. Weak Internal Control. <u>Documentation Procedures Internal control violated. </u>
Documentation procedures in a company ensure that the paper trail is efficiently recorded so that transactions can be followed up speedily. By sending unnumbered sales invoices to the Accounting department as well as taking so long to do so, the company is running an inefficient documentation process that will make tracking transactions more difficult.
Answer: Option C
Explanation: Foreclosure is something that occurs if the mortgage is not paid by a borrower. In fact, it is a judicial process through which the person relinquishes all ownership rights.
If the owner is unable to settle off the outstanding loans or sell property through a short sale, then the estate will go to an exchange for foreclosure. If the estate does not sell then, it will be taken over by the lender.
When a lender loans you money without any collateral (credit card debt, for instance), it can take you to court for failure to pay, but it can be very hard to collect money from you.
Lenders often sell this sort of debt to outside collection agencies for pennies on the dollar and write off the loss. This is considered an “unsecured loan.”