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matrenka [14]
3 years ago
11

Internal control procedures for cash receipts do not require that:_____.

Business
1 answer:
Alex73 [517]3 years ago
7 0

Answer:

b. All collections for sales are received immediately upon making the sales.

Explanation:

Internal control, regarded as a process used in assuring objective of an organization in operational effectiveness as well as efficiency and reliable financial reporting, it is also used in assuring of compliance with laws as well as regulations and policies. Generally, internal control can be described as everything which is able to controls risks to an organization. It is a way the

resources of an organization are been

measured as well as been directed and monitored.

It should be noted that Internal control procedures for cash receipts require that:.

✓Custody over cash is kept separate from its recordkeeping.

✓Clerks having access to cash in a cash register should not have access to the register tape or file.

✓An employee with no access to cash receipts should compare the total cash recorded by the register with the record of cash receipts reported by the cashier.

✓Cash sales should be recorded on a cash register at the time of each sale

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Paddy has lots of cousins. With a family reunion in the near future, Paddy decides to collect income information for himself and
Trava [24]

Answer:

37.9%, lower

Explanation:

Paddy has lots of cousins. With a family reunion in the near future, Paddy decides to collect income information for himself and all his cousins. He obtains the following data points: $52,000, $22,000, $92,000, $8,000, $118,000, $62,000, $38,000, $14,000, $132,000, $46,000, $26,000, $96,000, $54,000, $110,000, $80,000. The share of income received by the highest quintile of this income distribution is <u>37.9%</u>, which is <u>lower</u> than that for the highest quintile of the U.S. income distribution in 2005.

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3 years ago
Help me with this please it is very important!!!!!
Vinvika [58]
Listening, checking for understanding
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3 years ago
If the world price of a given product increases relative to its domestic price, then for that product:
BartSMP [9]

If the world price increases relative to domestic prices, there will be fewer imports and increased exports of the given product because it would be cheaper to buy the domestic version and companies would make more selling the product on the international market.

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3 years ago
An employee learns how to do her job by working closely with her team leader, observing and learning how the process functions.
Zigmanuir [339]

Answer: on-the-job training

Explanation:

On-the-job training is a method in which employees are trained by observation and imitation of their superiors.

It is an efficient method of learning because it involves 'doing' that is practical.

The employees learn the skills required to carry out their functions in the workplace and also get familiar with the working environment.

On-the-job training also helps to reduce the organization's cost of training new staff. They don't need to pay to training instructor or send new employees to take courses concerning their functions.

On-the-job training methods includes the following:

1) Coaching

2) Job rotation

3) Job instructional training

4) Mentoring

5) Apprenticeship

6) Understudy

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2 years ago
1. Graphically illustrate and explain the effects of an increase in the rate of technological progress on the Solow growth model
ch4aika [34]

Answer:

Explanation:

The Solow Growth Model is a short run growth model of economic growth which shows or illustrates the changes in the level of output in an economy over time, as a result of changes in

- savings rate

- population growth rate

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The diagram attached explains the model.

In the short run, increase in technology will increase the output per worker (looking from the microeconomic perspective) and the aggregate output (looking from the macro perspective) in the economy.

This increase in output is later stabilized in the long run.

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2 years ago
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