Answer:
The billing function should be assigned to persons other than those responsible for maintaining accounts receivable subsidiary records.
Explanation:
The first choice it's considered an effective Internal control procedure for accounts receivable.
This is because it is not safe that the person who prepares the billing is the same who record cash receipts or any other document over the account receivables.
This is what we call Segregation of Duties and this is an internal control determined to avoid fraud or error.
Answer:
Fixed Cost Function = Average Cost - Average Variable cost
Explanation:
A fixed cost is the one which does not changes with the level of production. These cost are irrelevant to number of units production. It is not affected by the units produced and sold. The change in fixed cost does not affect the marginal cost. The marginal cost is the variable cost that is incurred by producing one more unit. These costs are affected by the level of production.
Answer:
not change
Explanation:
BEP (Units) = Fixed cost / (Unit selling price - Unit variable cost)
BEP (Units) Before the change is : 967750/ (30-17.75) = 79000 units
BEP (Units) after the change is: 1145500/(30-15.5) = 79000 units
--> BEP (Units) does not change
Answer:
False
Explanation:
Monopoly production will lead to a lower output at a higher price compared to the competitive production sice a smaller amount of service is produced and sold at a higher price. So it doesn't make sense to charge a monopoly price.
Answer:
The term is stakeholder.
Explanation:
Stakeholders are the people or groups who have an interest in the business. They either affect or are affected by the business. Generally, employees, consumers, creditors, investors, and suppliers are stakeholders of a business.
Stakeholders are categorized into two types.
- External Stakeholders
- Internal Stakeholders
External stakeholders are those people or groups who are not directly related to the business, for instance, creditors and investors, suppliers.
Internal stakeholders are those group and people who are directly related to the business, for instance, employees, owners, etc.
