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Ahat [919]
3 years ago
10

Alpha Company uses its sales invoices for posting perpetual inventory records. Inadequate control activities over the invoicing

function allow goods to be invoiced that are not shipped. The inadequate control activities could cause an Group of answer choices Understatement of revenues, receivables, and inventory. Overstatement of revenues and receivables and an understatement of inventory. Understatement of revenues and receivables and an overstatement of inventory. Overstatement of revenues, receivables, and inventory.
Business
1 answer:
marissa [1.9K]3 years ago
7 0

Answer:

Overstatement of revenues and receivables and an understatement of inventory.

Explanation:

Invoicing in different occasions could be done for the case of inventory and reference purposes in the hands of both the salesman and buyer. Therefore on the case above, inadequate control could possibly cause overstatement of revenues and receivables and an understatement of inventory. It is also been observed that the sales invoice provides the seller with a record of what has been sold, whether the said transaction has been carried out or not and how much money is involved. This information is useful for internal company records and also to follow up with buyers for billing purposes.

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Caspian Sea is considering raising $33.00 million by issuing preferred stock. They believe the market will use a discount rate o
Hitman42 [59]

Answer:

1,212,723 shares

Explanation:

Given that,

Value of issuing preferred stock = $33,000,000

Discount rate = 11.87%

Dividend paid = $3.23

Price of preferred stock:

= Annual dividend ÷ discount rate

= $3.23 ÷ 0.1187

= $27.2115

Shares will they need to issue:

= Value of issuing preferred stock ÷ Price of preferred stock

= $33,000,000 ÷ $27.2115

= 1,212,723

3 0
3 years ago
You sold ten put contracts on Cross Town Bank stock at an option price per share of $0.85. The options have an exercise price of
Gnoma [55]

Answer:

-$4,150

Explanation:

Calculation to determine your net profit or loss on this investment

Using this formula

Net profit/Loss=(Option price per share-Exercise price+Stock price)×100×10

Let plug in the formula

Net loss = ($0.85 - $39 + $34) × 100 × 10

Net loss =-$4.15×100×19

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Therefore your net loss on this investment is -$4,150

8 0
3 years ago
Payee is whom the check is payable to
melomori [17]
I don’t understand the question
6 0
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timurjin [86]

Answer:

A) Crowdfunding

Explanation:

Crowdfunding is used by entrepreneurs or charities (non-profit) to raise money from a large number of people. This is a relatively new way of raising money and is possible basically due to the internet. The entrepreneur or non-profit ask for small contributions or investments, and the goal is to have a lot of people who either invest in a new project or donate. The advantage of the internet is the large audience (hundreds of millions of people) that can be reached.

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3 years ago
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Answer:

Tray's opportunity cost is not being able to purchase lunch,  the alternative tray decided not to take would I assume to be just getting gas and to eat at his house.

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