Answer:
the number of units should be produced is 26,000 units
Explanation:
The computation of the number of units should be produced is as follows:
Units to be produced is
= Expected sales units + ending inventory units - beginning inventory units
= 23,000 units + 18,000 units - 15,000 units
= 26,000 units
Hence, the number of units should be produced is 26,000 units
The general guideline for the segregation of duties is that the following areas should be separated by accounting controls : 1. custody of assets, 2. authorization of transactions, and 3. record-keeping responsibilities.
<h3>Give a brief account on segregation of duties.</h3>
The assignment of distinct steps in a process to different personnel is known as the segregation of duties. By exercising extreme control over a process, the goal is to prevent situations in which someone might steal something or do another fraud. In essence, distinct parties should have physical custody of an asset, record-keeping responsibilities for it, and acquisition and disposal authority.
A key component of a control system is the separation of roles. When evaluating an entity's system of internal controls, auditors will consider duty segregation and will give the system a lower rating if there are any segregation problems.
The auditors will change their methods when there are segregation problems because they will presume that the danger of fraud has increased. This method shift typically entails a rise in audit workload, which is passed on to the customer in the form of higher audit fees.
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Answer:
c) Investment in a DPP (Direct Participation Program)
Explanation:
Direct Participation Programs are a form of limited partnership. DPP has the lack of liquidity, since ownership interests are not always freely transferrable and require the approval of a general partner of the DPP. Each of the other items listed are more liquid on a short-term basis. Bonds can be sold, bond fund shares can be redeemed, equities are easily sold in the secondary market, and though CDs are not transferrable, the maximum maturity is 1 year or less, so the client would have short-term access to the funds invested.
Answer:
narrow product lines; deep assortments
Explanation:
product line is group of same type of product selling under a same brand name.
narrow and wide product line is defined on the basis of number of type of product being sold by a retailer.
Narrow product line is a retailing strategy which means that few type of products which is being sold by a retailer.
Example: Pizza hut which sells only limited number of eatables thus they have narrow product lines
Wide product line means very high number of different type of product is being sold by the retailer.
Example:wall mart which sells wide number of products
Assortment is strategy in retail which defines number of different brands of same type of product which is being sold by a retails.
It is of two types
shallow assortments: It means very few brands of same type of product is offered by a retailer.
deep assortment: It means large of number of different brand of same type of product is being sold by a retailer.
Specialty stores are store which sell only limited type of product but they offer wide variety of choices of brand for the products which they sell. In retail marketing term they keep narrow product line but deep assortments as mentioned in the definitions above
Since Lids is a specialty store the correct option would be narrow product line, deep assortments.
Answer:
I and II only.
Explanation:
Return on equity (ROE) is an example of a profitability ratio.
Profitability ratios measures the ability of a company to earn profits from its assets.
ROE = Net income / Average total equity
If ROE increases, it means that net income increases more than average total equity
Total asset turnover = Revenue / average total assets
(Net Income/ Net profit margin) / Total Assets
All else remaining constant, if ROE increases, it means that revenue also increases more than average total asset
Since Net income is the numerator in ROE, it means it would also increase
Total asset and debt equity ratio is not a component of ROE, so the effect of ROE on them can't be determined
