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2 years ago

- QI- State 2 reasons why it is necessary to prepare financial statements at regular intervals

Business

1 answer:

Liono4ka [1.6K]2 years ago

5 0

Answer:

-Better decision making

-Can prevent costly mistakes and helps in tax period

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Jill has recently begun working at a local florist. In addition to creating floral arrangements, Jill spends a good deal of her

Salsk061 [2.6K]

Answer: See explanation

Explanation:

1. What type of fraud is Jill committing?

The fraud that Jill is committing is known as theft of cash through fraudulent disbursements. In this case, Jill is using a register disbursement scheme which involves false voids of customer sales. During the time of sale, a record is made and another record is then created again which is used for the false void.

2. What could the florist do to prevent this type of fraud from occurring?

To prevent this fraud, a receipt should be attached and the florist should make sure that every vital information about all sales are collected such as customers name, time, amount of goods bought, signature and f customers etc

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2 years ago

You have decided that you want to attend a costume party as Iron Man. You estimate that it will cost $40 to assemble your costum

Sav [38]

Answer:

b) $25

Explanation:

Marginal cost is the added expense incurred by undertaking an extra activity, be it selling or production. The marginal concept is applied to determine the viability of engaging in extra activity. Marginal cost is a result of an extra unit of input. It can be additional labor hour, extra worker, or an extra unit produced.

In this case, the marginal cost will be $25. It the extra expense incurred to complete the costume. Marginal cost is the additional cost beyond the expected arising from an extra activity.

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2 years ago

Read 2 more answers

Robert White will receive from his investment cash flows of $4,450, $4,775, and $5,125. If he can earn 7 percent on any investme

artcher [175]

Answer:

Total future value= $16,402.09

Explanation:

Giving the following information:

Robert White will receive from his investment cash flows of $4,450, $4,775, and $5,125. He can earn 7 percent on any investment that he makes.

To calculate the future value, we need to use the following formula for each cash flow:

FV= PV*(1+i)^n

Year 1= 4,450*1.07^3= 5,451.44

Year 2= 4,775*1.07^2= 5,466.90

Year 3= 5,125*1.07= 5,483.75

Total future value= $16,402.09

6 0

3 years ago

Read 2 more answers

During December, LafertyLaferty designed a landscape plan and the client prepaid $ 8 comma 000$8,000. LafertyLaferty recorded t

liubo4ka [24]

Answer:

The answer is:

Dr Unearned Service Revenue 4,800

Cr Service Revenue 4,800

Explanation:

Since Laferty completed 60% of the landscape plan during this year, they should record $4,800 as earned revenue ($8,000 x 60%), while the remaining $3,200 should stay as unearned revenue. The journal entries should be as follows:

Dr Unearned Service Revenue 4,800

Cr Service Revenue 4,800

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2 years ago

Limited focus of change is a major force for resistance to change that originates from an organizational source. It indicates th

Naya [18.7K]

Answer:I forgot

Explanation:

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3 years ago