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storchak [24]
2 years ago
9

Identify the principle of internal control to each of the following cases. 1. Cash is locked in a safe overnight. select princip

le of internal control 2. Employees who receive shipments of goods do not have access to the accounting records for merchandise. select principle of internal control 3. Shipping documents are pre-numbered. select principle of internal control 4. The bookkeeper does not have physical custody of assets. select principle of internal control 5. Only the treasurer of the company can sign checks.
Business
1 answer:
ivann1987 [24]2 years ago
4 0

Answer:

1. Physical control

2. Segregation of duties

3. Pre-numbered documents

4. Segregation of duties

5. Establishment of responsibility

Explanation:

1. As this shows that someone locked cash in safe, so this will be physical control.

2. As this shows the division of duties among employees, so this will be segregation of duties.

3. As this shows documents are pre numbered so it comes under pre-numbered documents.

4. As this shows the division of duties for bookkeeper, so it comes under segregation of duties.

5. This shows the responsibility of any work on a person, so this will be establishment of responsibility.

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I will have $183536835400 in my savings after 1515 years

Explanation:

Deposit into the savings account = 0.11×$2000020000 = $220002200

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Total amount in savings plan after 1515 years = $220002200 + $183316833200 = $183536835400

3 0
3 years ago
Which statement regarding competitive advantages is true? Select one: a. With an overall cost leadership strategy, firms need no
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Answer:

Letter b is correct.<u> If several competitors pursue similar differentiation tactics, they may all be perceived as equals in the mind of the consumer.</u>

Explanation:

This statement is the most appropriate to answer this question about competitive advantages, because a competitive advantage can be described as a certain advantage that an organization has in relation to its competitors. Some of these advantages may be greater access to raw materials, more qualified labor, barriers to entry, geographic location, differentiation of products and services, etc.

Therefore, when several competitors adopt similar differentiation tactics, the consumer does not have enough attributes to differentiate one brand from another, so all competitors can be perceived as equal in the consumer's mind.

6 0
3 years ago
China's steel industry:___________
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B

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4 0
2 years ago
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Suppose that Italy and Germany both produce beer and stained glass. Italy's opportunity cost of producing a pane of stained glas
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Answer:

Explanation: See attachment below

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3 years ago
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Jim is head of the marketing department and must decide how to allocate a fixed amount of funds. There are two top projects that
alexgriva [62]

Answer:

Devil's Advocacy

Explanation:

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So here according to the given situation,  Jim's allowance of Clara to display the proposal for criticism is called as the Devil's advocacy.

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