Answer: weakness
Cashiers are not bonded. Cash is not adequately protected from theft. Inability to establish responsibility for cash with a specific clerk. The accountant should not handle cash. Cash is not independently counted.
Principal: Segregation of Duties.Human Resource Controls.Independent Internal Verification.Documentation Procedures Physical Controls.Establishment of Responsibility.
Explanation:
There should be separate cash drawers and register codes for each clerk. A cashier office supervisor should count cash. The cashier’s department should make the deposits. All cashiers should be bonded. Cash should be stored in a safe until it is deposited in the bank.
Answer:
1. Total compensation cost= $96.9 m
2. Compensation expense $32.3 m
paid-in capital - restricted stock $32.3m
Explanation:
The question relates to 'EQUITY GRANT', which is some sort of compensation given to somebody, especially/specifically to employees of an entity provided that certain conditions/vesting requirements are satisfied by the employee. For example, an entity in it's initial phases of growth (because certain entities don't have the money/working capital in initial stages of business) offers it's employees to stay within the entity for at least three years during which no stipend will be paid but shall receive equity ownership thereafter. In such a situation the employer grants them equity once the vesting requirement is satisfied by the employees.
<em>So at the time of of awarding, no entry is passed with respect to RSUs but at each reporting date the entity records a certain amount in equity account. Total compensation cost is calculated as follows:</em>
Total compensation cost = 19 m×$5.10
TCC= $96.8M
The RSUs are split into three year period as follows:
Yearly equity recognition: $96.9m÷3= $32.3m
So at 31 December 2018 VKI Corporation would charge $32.3m to the equity account. The entry is as follows:
Compensation expense $32.3 m
paid-in capital - restricted stock $32.3m
Shopper Marketing involves using in-store promotions and advertising to extend brand equity to "the last mile" and encourage favorable point-of-purchase decisions.
Answer:
Fiduciary relationship
Explanation:
The reason is that in a fiduciary relationships, the people mutual understanding of trust and that the agent have to act in the best interest of the principle. So in this case, the broker is an agent of the investor and owes a duty of care to investors and as a result must act in their best interest which means that the agent is not allowed to harm the principle in terms of intentionaly harming the principle by gaining the benefit that the investor doesn't knows.
