Alternative development means local development
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Answer:
Dr merchandise inventory($34,000+$540) $34,540
Cr accounts payable $34,000
Cr cash $540
Explanation:
The cost of inventory purchased is shown as an increase in merchandise inventory since perpetual system of inventory requires that inventory is updated each time there is a receipt or sale of inventory.
In other words, the cost of inventory purchased is debited to merchandise inventory and credited to accounts payable.
The cost of freight is also added to the cost of inventory while it is credited to cash account.
Answer:
(a) 1.91 years
(b). $987.96
Explanation:
According to the scenario, computation of the given data are as follow:-
a).
Year Cash flow PVF 11% PVF 11% discount time P.V. cashflow×time
1 $100 0.901 $90.1 1 $90.1
2 $1,100 0.812 $893.2 2 $1,786.4
Total 983.3 $1,879.5
Bond price = $983.3
Bond duration = 1,879.5 ÷ 983.3 = 1.91 year
b).
1st year cash flow = $1,000 × 10÷100 = $100
2nd year cash flow = $1000 + $100 = $1,100
If interest rate are decreased by 0.3%
11% - 0.3% = 10.7%
PVF = cash flow ÷ (1+rate)
Year Cash flow($) divide PVF 10.7% PVF 11% discount ($)
1 100 ÷ 1.107(1+.107) 90.33
2 1,100 ÷ 1.225449(1+.107)^2 897.630
Total 987.96
Price of bond will be $987.96 at 10.7%.
Answer:
Explanation:
This is an example of payroll fraud.
Pay roll fraud is a fraudulent practice where an employees take an advantage of a loophole in the internal control system to claim payment that they are not entitled to. One way of practicing it is by keeping record ghost workers
Two methods of controlling it are
A clock -in-system : This requires an employee to use a unique pass code to sign in and our of work . Some technology even finger print for this purpose which strictly restrict signing in to the assigned user . This information are used for payment process
Another method is the direct deposit of pay checks into employees bank account . This method will prevent and other person to divert pay checks for other use.
Answer:
operational Excellence
New Product, Services & Business models
Customer & Supplier Intimacy
Operational excellence
Improved decision making
Competitive advantage
Survival
Explanation:
1) Operational Excellence – Information systems are essential tools available to managers in order to achieve optimum levels of efficiency and productivity in business operations thereby higher profitability.
2) New product services and business models – They play a vital role in the creation of new products and services. New business models help to create,describe how a company produce, create and sell the products for profitability.
3) Customer and Supplier intimacy – Information system provide the foundation of customer satisfaction. they make sure a business serves its customers well, thereby improving customer satisfaction that will enable customer to purchase more and generate revenue
4) Improved decision making – they generate real time data from the marketplace when making decision
5) Competitive advantage – Information System help in doing things better than competitors, charging less for superior products, and responding to customers and suppliers in real time all add up to higher sales, and higher profits
6) Day to Day survival – Information System help to provide ease in business
