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Natali5045456 [20]
3 years ago
5

Ron Jones has been a trusted employee for over 10 years. He is responsible for ordering merchandise inventory, receiving the inv

entory items, and authorizing the payment for these items. Which internal control principle, if any, is being violated?
Business
1 answer:
ch4aika [34]3 years ago
5 0

Answer:

Segregation of duties.

Explanation:

Segregation of duties -

The concept of segregation of duties is based on the shared responsibilities .

It refers to the method of assigning different person for different task , is referred to as segregation of duties .

It is the fundamental building block for running a business efficiently , in order to reduce any management risk .

In the business it is the major case of any fraud or error , as one person is responsible for maximum duties functioning in the business .

Therefore , it is import to divide various duties .

Hence , from the given scenario of the question,

The correct answer is segregation of duties .

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Say Mary would like to create a scholarship for $2,500 per year at ECU in her family's name. If the money market rate where the
Furkat [3]

Answer:

the amount that she have to donate is $166,666.70

Explanation:

The computation of the amount that she have to donate is shown below:

Donation amount is

= Annual scholarship ÷ (interest rate - inflation rate)

= $2,500 ÷ (5.5% - 4.0%)

= $2,500 ÷ 1.5%

= $166,666.70

hence, the amount that she have to donate is $166,666.70

We simply applied the above formula so that the correct value could come

And, the same is to be considered

4 0
3 years ago
An approach that recognizes that, with every interaction, customers learn something about a company that will affect their desir
Allushta [10]

Answer: Customer experience management.

Explanation:

Customer experience management is the ways in which a company provides it's consumers the best customised experience during their period of patronizing the business: the customer experience management makes the best use of physical and digital contact with consumers to give them a wonderful experience and maintain customer patronage.

7 0
3 years ago
TravelLite and FareLine compete as online travel agencies. Historically, TravelLite has focused more on flights, whereas FareLin
DENIUS [597]

Answer:

16.80% and 39.43%

Explanation:

The formula to compute the net profit margin is shown below:

Net profit margin = Net income ÷ Total revenues × 100

For Travel lite, the net profit margin is

= $1,080 ÷ $6,430 × 100

= 16.80%

And, for fare line, the net profit margin is

= $3,020 ÷ $7,660 × 100

= 39.43%

By dividing the net income or net profit by the total revenues we can get the net profit margin or we can say it is profit percentage that is earned by the company

It is always expressed in percentage

6 0
3 years ago
Jared, the operations head at Cerise Confectionery, showed gratitude to his employees by hosting an employee appreciation day. I
Art [367]

Answer:

Leading is the correct answer.

Explanation:

Leading is a process of influencing, directing and guiding a people of an organization to show them a direction.

Leading is the function that is carried out in the management process to motivate the employees to reach the organizational objectives.

Thus leading create a positive attitude among the people working in the organization.

4 0
3 years ago
The overhead costs in a highly automated factory are expected to increase at an annual compound rate of 10 percent for the next
Rzqust [24]

Answer:

The annual worth of the overhead costs for 7 year-period is

A = $389743.42.

<em>Then the time value of the annual worth is discounted by 8%</em>

∴  $389743.42 x 0.08 = $31179.47.

Explanation:

Using the formula

A = P(1 + r/n){nt}

Where:

A = ?

t = 7

P = $200,000.00

r = 10%

n= 1

TVM =8%

∴ A = $200,000.00(1 + 0.10/1){1 * 7}

A = $200,000.00(1.10){7}

A = $200,000.00(1.9487171)

A = $389743.42

<em>Then the time value of the annual worth is discounted by 8%</em>

∴  $389743.42 x 0.08 = $31179.47

8 0
3 years ago
Read 2 more answers
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