Answer:
establishment of responsibility
Explanation:
One of the principles of control activities is establishment of responsibility. This establishment of responsibilty means that an employee is meant to have a level of responsibilty for his work as well as decisions taken.
From the question, it can be seen that the use of one register by three worker working diffeent shifts ensure a lack of responsibilty on the part of the workers. This is because if each of the workers had seperate registers for entering customer check out, there would be more responsibilty from the workers in discharging their duties as any mistakes will be owned by each worker.
Cheers.
A self-employed taxpayer may be eligible to deduct amounts paid for medical insurance for themselves and for their families, as long as neither they nor their spouse was eligible for employer-sponsored health insurance. This deduction claimed to Claim a non -refundable tax credit based on the cost of the insurance.
insurance is a settlement that transfers the risk of monetary loss from an individual or business to a coverage organization. They acquire small quantities of money from clients and pool that cash collectively to pay for losses. Coverage is split into essential classes: belongings and Casualty coverage (percent).
Coverage plans are beneficial to each person seeking to defend their family, property/property, and themselves from economic chance/losses: coverage plans will help you pay for clinical emergencies, hospitalization, contraction of any illnesses and treatment, and medical care required in the future.
In coverage phrases, the threat is the chance something harmful or unexpected ought to appear. This might involve the loss, theft, or harm of precious assets and assets, or it may involve someone being injured.
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Answer:
c. accept the loan with the lower effective annual rate rather than the loan with the lower annual percentage rate.
Explanation:
In the above scenario it will be a good financial decision to choose a loan with lower effective rate than the one with lower percentage rate.
Effective rate is defined as the real interest rate on a loan or the actual amount that is to be repaid annually on a loan. It gives a truer picture of cost of borrowing money.
Percentage rate is interest paid on a loan expressed as a percentage of the total amount collected. It usually includes various fees and charges collected by the lender. So it is not a true reflection of the cost of borrowing
Answer:
c. shows forecasts for the industry and for the firm.
Explanation:
Sales Forecasting is an estimation of a business's sales for the future, this can be calculated monthly, annually, etc. T<em>his forecasting's objective is to help the business to make informed decisions to improve their performance in managing their resources, workforce and cash flow. </em>
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Answer:
$12,350
Explanation:
The operating cash flow is shown below:
= EBIT + Depreciation - Income tax expense
where,
EBIT = Sales - cost of good sold - depreciation expense
= $39,050 - $22,700 - $2,275
= $14,075
And all other items would remain same
Now put these values to the above formula
So, the value would equal to
= $14,075 + $2,275 - $4,000
= $12,350
