Complete Question:
Smith Commercial Development has effective control processes, allowing its managers to discover ______ in bookkeeping right away, before a would-be embezzler could seriously affect its business.
Group of answer choices
A. irregularities and errors
B. team problems
C. a potential merger
D. tax breaks
E. competence
Answer:
A. Irregularities and errors.
Explanation:
In this scenario, Smith Commercial Development has effective control processes, allowing its managers to discover irregularities and errors in bookkeeping right away, before a would-be embezzler could seriously affect its business.
Generally, managers are saddled with the responsibility of controlling various aspects of an organization (business) and as such are required to improve the effectiveness of their control processes. An effective control process ensure that every information at various levels of organization such as bookkeeping (financial statements) are accurate through the use of corrective actions.
Answer:
C) The second approach, because it takes into account the relative costs for each country.
Explanation:
Living in poor developing nations is much cheaper than living in very rich developed nations, at least for the vast majority of the population. For example, a small house in Japan or Switzerland costs several hundreds of thousands of dollars, while a similar house in Pakistan or Paraguay will cost only a few teds of thousands of dollars.
The purchasing power parity tries to account for these differences in living expenses using the US dollar as the base currency, and in this case the Ghanaian oedi's value will be adjusted (receive higher value) to compensate for the lower cost of living in Ghana.
Depending on how long you leave the money in the account we are learning this subject now. if you leave it in there years it builds up on its on you don't have to touch it if u need to then its on you but more money can plié into your account its not a bad thing hope this helps.
Answer:
Debit Cash account $6,500
Credit Deferred revenue $6,500
Explanation:
When cash is collected in advance for a service yet to be rendered, the revenue for that service will be deferred in recognition.
The company will recognize an asset in form of cash and a liability in form of deferred revenue.
Hence to record the transaction,
Debit Cash account $6,500
Credit Deferred revenue $6,500
Being entries to recognize cash collected for service yet to be rendered.
Answer:
The activity base selected determines whether a cost behaves as a variable cost or fixed cost. This statement is true.
The correct answer is A.
Explanation:
Variable cost is a cost that fluctuates with respect to activity level while fixed cost is a cost that remains unchanged irrespective of activity level.
Thus, the activity base selected determines whether whether a cost is fixed or variable.
