1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Scilla [17]
3 years ago
15

Dan and another manager Susie are arguing about how their company has set up the material requisition slips. For their company a

manager has to sign off on all request slips in addition to the individual who is requesting the materials. Dan thinks this is an unnecessary extra step, while Susie believes this is important for the company. Who is correct
Business
2 answers:
UkoKoshka [18]3 years ago
7 0

Answer:

Susie is correct.

Explanation:

The material requisition slip is a document used by the production area of a company to request the materials that are needed for the maufacturing process. This allows to have a record of the materials that are moved and it should be sign by a manager because this provides an authorization that establishes responsability and more control over the inventory. According to this, the answer is that Susie is correct when saying that it is important for the company that a manager signs off on all request slips in addition to the individual who is requesting the materials.

Step2247 [10]3 years ago
5 0

Answer:

Susie is right

Explanation:

One of the basic principles of internal control for deterring fraud is separation of duties, and it basically refers to the fact that single person should not be responsible for making decisions regarding assets or cash flows.

In this case, by signing the material requisition slips, the manager is authorizing the request his/her subordinate made. This establishes accountability over materials and components inventory.

You might be interested in
Based on the industry-low, industry-average, and industry-high values for the benchmarked data on p. 7 of the FIR, which one of
BARSIC [14]

Answer:

The Correct answer is "The Company’s cost of branded pair sold in the Asia-Pacific region was barely below the industry average".

Explanation:

At the point when the working benefits of the Company's Cost of branded pair sold in the Asia-Pacific district is below the normal of industry-high qualities, the organization's expense of branded pair sold in that area turns out to be subsequently a legitimate sign that there is positively Company's too high relative expense in atleast one components that it enjoys.

3 0
3 years ago
BR Trucking has total sales of $911,300, a total asset turnover of 1.1, and a profit margin of 5.87 percent. Currently, the firm
notsponge [240]

Answer:

$2.89

Explanation:

The formula and the computation of the earning per share is shown below:

Earning per share = (Net income - preference dividend) ÷ (Number of shares)

where,

Net income is

= $911,300 × 5.87%

= $53,493.31

And, the preference dividend is $0

and, the outstanding number of shares is 18,500

So earning per share is

= $53,493.31 ÷ 18,500 shares

= $2.89

3 0
3 years ago
On December 31, Slugger Batting Cages Company decides to trade in one of its batting cages for another one that has a cost of $5
torisob [31]

Answer:

There is a loss of 18,000

Explanation:

In this question, we are asked to calculate the amount of boot in this transaction.

We proceed as follows;

We must identify that to buy one asset, we exchanged one asset with another

Mathematically;

loss or gain = asset given up - Discount received in exchange

From the question we identify the following;

value of asset given up = 225,000 - 195,000 = 30,000

Discount received in exchange = 12,000

Thus, loss or gain is

= 30,000 - 12,000

So, there's a loss of 18,000

4 0
3 years ago
Stone Pine Corporation, a calendar year taxpayer, has ending inventory of $160,000 on December 31, 2018. During the year, the co
bezimeni [28]

Answer:

The answer is $215,000

Explanation:

Cost of goods sold equal:

Opening/beginning inventory plus purchases minus closing/ending inventory

To find beginning inventory at January 1, 2018, lets rearrange the formula:

Cost of goods sold minus plus purchases plus closing/ending inventory.

Cost of sales is $470,000

Purchases is $415,000

Ending inventory is $160,000

Therefore, beginning inventory at January 1, 2018 is

$470,000 - $415,000 + $160,000

=$215,000

3 0
3 years ago
During each of the next three years, Silver reported net income of $30,000 and paid dividends of $10,000. On January 1, 20X9, Pl
nikdorinn [45]

Answer:

$255,000

Explanation:

If a company acquires shares of another company the investment amount is shown in the balance sheet of the acquirer. When Plate acquired shares of Silver, it reported the investment of $225,000. The Silver reports a profit of $30,000 on January 2019. The amount reflected in the balance sheet of Plate will be $255,000. This is the sum of investment plus the profit reported by the Silver.

3 0
3 years ago
Other questions:
  • How can the fiscal policies of a country influence the finances of a single individual?
    6·1 answer
  • Olga, a salesperson for Pre-owned Cars & Trucks, Inc., tells Quincy, "This is the best car I’ve ever seen." This statement i
    13·1 answer
  • Among the things that an organization should consider when planning for pandemics are: ________
    14·1 answer
  • Our company manufactures and sells electric staplers for $16 each. If 10,000 units were sold in December, and management forecas
    11·1 answer
  • Indole is an end product created by the degradation of ________________.
    5·1 answer
  • Good supervisors may act as a ________ channel between employees and management.
    10·1 answer
  • Making sure the company has enough production capability to meet demand is an example of what?
    15·1 answer
  • Which term refers to a value in a table that is a reference to the unique values in a corresponding table in a relational databa
    14·2 answers
  • for a company making advanced technology, with highly specialized components, a customer divisional structure would be more effe
    12·1 answer
  • Consider two neighboring island countries called Euphoria and Bellissima. They each have 4 million labor hours available per mon
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!