All categories

4 years ago

1.) What are the three personal traits that help you most in the business world?

Business

1 answer:

Kamila [148]4 years ago

8 0

Answer:

Curiosity. Technology develops at different rates and in different ways around the world.

A Sense of Impatience. Entrepreneurs need impatience in order to recognize inefficiencies

Sociability. It’s important for any entrepreneur to have a good network of like-minded people to

Explanation:

You might be interested in

In a Las Vegas casino, an employee discovered a flaw in the accounting system. The accounts payable clerk discovered that he was

kap26 [50]

Answer:

- This type of fraud is check tampering

- It amounts to 20.1% of fraud cases in small businesses, and 8.4% of fraud in large businesses

- This type of fraud can be prevented by rotating employees that handle check issuance to vendors, review of budget versus actual expenditure, monitoring of audit trail to see if beneficiary was changed, daily statement download for reconciliation, and restriction of functions for example a employee that issues checks should not also reconcile bank statement.

Explanation:

Check tampering is a very common fraud that involves changing the beneficiary of a valid check so that funds can be diverted.

In the given scenario the accounts payable clerk was able to change checks to his name in order to divert $10,000. This was only discovered by chance when an employee noticed the change in name.

Various internal control measures can be taken to prevent this and they are listed above

4 0

4 years ago

What would you call a object that makes people shut up

Murljashka [212]

A punch!!!!!!!!!!!!!!!!!

6 0

3 years ago

Read 2 more answers

Market economies operate on the principle of supply and demand.

asambeis [7]

I think that the stament given above is true, as this principle <span>lets business survive or fail without much interaction from the government.</span>

6 0

3 years ago

During the course of your examination of the financial statements of the Hales Corporation for the year ended December 31, 2021,

Natasha2012 [34]

Answer:

adjusting entries:

a. An insurance policy covering three years was purchased on January 1, 2021, for $6,600. The entire amount was debited to insurance expense and no adjusting entry was recorded for this item.

Dr Prepaid insurance 4,000

Cr Insurance expense 4,000

b. During 2021, the company received a $850 cash advance from a customer for merchandise to be manufactured and shipped in 2022. The $850 was credited to sales revenue. No entry was recorded for the cost of merchandise.

Dr Sales revenue 850

Cr Unearned revenue 850

c. There were no supplies listed in the balance sheet under assets. However, you discover that supplies costing $900 were on hand at December 31.

Dr Supplies 900

Cr Supplies expense 900

d. Hales borrowed $25,000 from a local bank on October 1, 2021. Principal and interest at 12% will be paid on September 30, 2022. No accrual was recorded for interest.

Dr Interest expense 750

Cr Interest payable 750

e. Net income reported in the 2021 income statement is $40,000 before reflecting any of the above items.

net income after adjustments = $40,000 + $4,000 - $850 + $900 - $750 = $43,300

4 0

3 years ago

The following are selected 2015 transactions of Pedigo Corporation.

emmainna [20.7K]

Answer:

Explanation:

The necessary adjusting entries at December 31 to record amortization required by the events above has been prepared.

It should also be noted that due to the goodwill having an indefinite life, no entry was made to amortize the goodwill.

It should be noted that the amortization expense was gotten as:

Annual amortization = $75,000/5

= $15,000

2015 amortization= $15,000 × 8/12months

= $15,000 × 2/3

= $30,000/3

= $10,000

Kindly check the attached file forthe adjusting entries

5 0

4 years ago