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Vlad1618 [11]
3 years ago
5

One of your friends has opened a new wholesale electronics business and wants your help figuring out some inventory issues they

are facing.
One night last week, there seemed to be fewer HD televisions in the warehouse than they expected. The last time they were in the warehouse was
a week earlier, and they hadn't noticed anything amiss.
As they looked around, they saw that the evening warehouse worker was filling the last orders of the day. The delivery driver and day warehouse
worker were gone for the day, and the delivery van keys were on the desk that the warehouse workers shared. The doors to the loading dock were
open, as was the door to the office area where the accountant, two customer service specialists, and the owner worked.
Knowing that you are familiar with accounting principles, they asked for your help in figuring out how to prevent this in the future.
Business
1 answer:
Gwar [14]3 years ago
8 0

Answer:

Hence,

When control is missing the wrongdoings happen at a quick pace because the barrier in their work involves an end. there's no check on the operations and hence many wrongdoings happen without coming into the eyes of management. control helps within the analysis of wrongdoings by comparing with the standards and checks. Hence without control, it's hard to depict the extent of wrongdoings within the organization.

Explanation:

Role of control  

Internal controls are policies and procedures put in situ by management to make sure that, among other things, the company’s financial statements are reliable. Some internal controls relevant to an audit include bank reconciliations, password control systems for accounting software, and inventory observations.

Internal controls provide reasonable assurance about achieving objectives regarding:

.Effectiveness and efficiency of operations  

.Reliability of financial reporting  

.Safeguarding of assets  

.Compliance with applicable laws and regulations

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The ABC Corporation decreases all of its inputs by 12 percent and finds that its output falls by only 8 percent. This means that
RoseWind [281]

Answer:

In the range of diseconomies of scale

Explanation:

Economies of scale refers to a concept whereby a firm accrues cost advantage owing to it's increased scale of production.

Economies of scale points towards efficient production.

Conversely, Diseconomies of scale refers to the phase wherein a firm experiences cost disadvantages owing to increase in organizational operations and output level.

Reasons for operation of this phase being, lack of motivation and proper coordination between employees since there are too many employees and management gets difficult.

In the given case, as the corporation decreased it's inputs, the output fell less proportionately which means the firm was earlier operating in the phase of diseconomies of scale.

6 0
3 years ago
Check my work (1 remaining) rupert and cordelia own an american company that does business in foreign nations. getting a license
alexandr1967 [171]

In this case, both of the payments would be in violation of the Foreign Corrupt Practices Act. Basically this law prohibits the payment of "bribes" to any foreign official OR anyone that might have influence with a foreign official . This includes anything exchange of things of value (including services) and not limited to monetary means.

7 0
3 years ago
9 labels or advertisements for products which use circles in their name or logo
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pepsi

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hope this helps :)

5 0
3 years ago
Federal inspectors find that several shipments of hamburger supplied to grocery chains is contaminated with potentially harmful
brilliants [131]

Answer:

The Food and Drug Administration issues a recall for the meat, and the seller notifies its customers.

Explanation:

When there is a serious or potentially serious risk to consumers, the FDA works with sellers and distributors to recall products (remove them from store shelves) and notify customers through press releases and other communications.

7 0
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What year began the worst economic recession since the great depression?.
Kamila [148]
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