<span>This is an example of a Trade Sales Promotion situation. Many companies do this type of thing with techniques such as discounts, coupons, contests and commissions as part of the deals. Also used in these promotions are trade allowances, displays, push money and training programs.</span>
Answer:
2
Explanation:
Based on the information given the gap in the data is 2 reason been that if 0 has 3 dots, 1 has 1 dot, 3 has 4 dots, 4 has 7 dots and 5 has 6 dots while 2 has 0 dots which means that 0,1,3,4 and 5 all have dots excepts 2 which has 0 dots which simply indicate that the lack of dots that 2 has led to the gap or interval in the data which inturn means that the gap in the data can be found on 2 due to 0 dots or lack of dots.
Therefore the gap in the data is 2.
Answer:
a. Debit to Notes Receivable
Explanation:
Journal entry for selling an asset in return for notes receivable is;
Notes Receivable A/c Dr.
To Asset A/C
In the given case, an aircraft is sold in exchange for a note receivable. The journal entry would be:
12% Notes Receivable A/C Dr. $380,000
To Aircraft $380,000
(Being notes receivable received in exchange for aircraft sold being recorded)
Notes Receivable is an asset for the receiver as it represents amount which is due to be received. Whenever an asset account is debited, it increases their balance.
Aircraft is an asset. When an asset is sold, it is credited. Here the asset being a movable asset.
Answer:
Verification of agreement of job time tickets with employee clock card hours by a payroll department employee.
Explanation:
An effective internal control system
This simply aim to give adequate hope that the policies, processes, tasks, behaviours etc, of an organisation, when complied, helps its effective and efficient operation of the organisation etc.
It is very essential in the payroll and personnel cycle to prevent over payments and payments to nonexistent employees. Proper authorization by the human resources department should add and delete employees from the payroll or change pay rates and deductions. The number of hours, overtime, must be approved by employees supervisor.
Payroll computations should be separately verified. A member of management should review the payroll output for any obvious errors or unusual amounts.
Answer: $1.53776
Explanation:
Using the interest rate parity formula :
Forward currency exchange rate (F) = 1.50
SPOT rate (S) =?
Interest rate on domestic currency (Id) = 1%
Interest rate on foreign currency (If) = 1.5%
SPOT RATE(S) is given by;
S = F × (1 + If) ÷ (1 + Id)
S = 1.50 ×(1 + 0.015) ÷ (1 + 0.01)
S = (1.50 × 1.015) ÷1.01
S = 1.5225 × 1.01
S = $1.537725
