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3 years ago

All over-the-counter receipts are entered in cash registers.

Business

2 answers:

Anna71 [15]3 years ago

4 0

Answer:

(a) Physical controls

(b) Human resource controls

(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.

posledela3 years ago

4 0

B all cashiers Are bonded.Select the principal of internal control

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Answer:

$25,000

Explanation:

The computation of the adjusted balance of retained earning is shown below:

Since the depreciation expense is overstated on 2019 which decreased the earnings so it would be added

Since the depreciation expense is understated on 2020 which increased the earnings so it would be deducted

And, the ending inventory for 2020 is understated which decreased the earning so it would be added

Therefore, the adjusted balance is

= $24,000 - $4,000 + $5,000

= $25,000

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3 years ago

Tom lives in an apartment where he pays $8,000 a year in rent. Sarah lives in a house that could be rented for $10,000 a year. H

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Answer:

these housing services contribute to GDP = $18000

Explanation:

given data

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solution

housing services contribute to GDP is express as

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As GDP include both rent and estimate rent owner occupy home

put here value in equation 1 we get

housing services contribute to GDP = $8000 + $10000

housing services contribute to GDP = $18000

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3 years ago

Blue Corporation has a deficit in accumulated E & P of $300,000 and has current E & P of $225,000. On July 1, Blue distr

Rufina [12.5K]

Answer:

Sam's dividend income is $225,000 and has a reduction of stock basis of $27,500

Explanation:

From the example ,

Given that,

Sam stock is =$52.500

Blue corporation has deficit in accumulated E and P which is =$300,000

Blue corporation has current E and P of = $225,000

Blue distributes $250,000 to its shareholder on July 1st

Therefore,

Blue corporation has a current E & P of $225,000, to an extent, Sam has a taxable dividend. The remaining $25,000 reduces his basis stock.

Sam has an income dividend of $225,000 and reduces his stock basis to $27,500.

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3 years ago

Read 2 more answers

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Answer: Microeconomics

Explanation:

Microeconomics is a branch of economics that studies the behaviour of individuals and firms in making decisions regarding the allocation of scarce resources and the interactions among these individuals and firms. Microeconomics focuses on the economics at an individual, group or company level.

The microeconomics helps in macro analysis. It is microeconomics that tells us how a free market economy with its millions of consumers and producers work to decide about the allocation of productive resources among the thousands of goods and services

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3 years ago

Emerald Jewelery Store had a credit balance in interest payable of $200 at the beginning of the period, and a credit balance of

Evgesh-ka [11]

Answer:

Net income will be decreased by $150.

Explanation:

Given:

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Credit balance of interest payable (Closing) = $50

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Decreased net income = credit balance of payable (Opening) - credit balance (Closing)

Decreased net income = $200 - $50

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The interest of $150 was paid which would reduce the net profit.

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3 years ago