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tamaranim1 [39]
3 years ago
8

The Gardner Company, a client of your firm, has come to you with the following problem. It has three clerical employees who must

perform the following functions:
a. Maintain the general ledger
b. Maintain the accounts payable ledger
c. Maintain the accounts receivable ledger
d. Prepare checks for signature
e. Maintain the cash disbursements journal
f. Issue credits on returns and allowances
g. Reconcile the bank account
h. Handle and deposit cash receipts
Assuming equal abilities among the three employees, the company asks you to
assign the eight functions to them to maximize internal control. Assume that these employees will perform no accounting functions other than the ones listed.
Business
1 answer:
grin007 [14]3 years ago
7 0

Answer:

16

Explanation:

lol

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An agent does not like another broker and refuses to present his offers. The agent's employing broker notices he does a good job
Ivan

Answer:

Not ok and both broker and agent can be in trouble for lack of supervision

Explanation:

Based on the information provided within the question it can be said that this situation is not ok and both broker and agent can be in trouble for lack of supervision . This is because the agent and the employing broker are obligated to put the client's interests first and have no authority to withhold any offers from the client. That being said the employing broker also has the responsibility of supervising the employees and making sure that personal views do not affect the business decisions.

6 0
3 years ago
On November 1, 2018, Mason Corp. sold $700,000 of its 10% term bonds dated October 1, 2018. The bonds were sold to yield 8%, wit
kvv77 [185]

Answer:

$16,000

Explanation:

The computation of the amount reported for the interest payable is shown below:

= Principal × rate of interest × number of months ÷ (total number of months in a year)  

= $800,000 × 8% × (3 months ÷ 12 months)  

= $16,000

The three months should be taken from October 1 To November 1 and November 1 to December 31

We simply applied the above formula so that the interest payable amount could come

7 0
3 years ago
The Cook Corporation has two divisions--East and West. The divisions have the following revenues and expenses: East West Sales $
VLD [36.1K]

Answer:

$76,100 net operating loss

Explanation:

The computation of the overall company net operating income (loss) is shown below:

= East sales - east Variable costs - east Traceable fixed costs  - east Allocated common corporate costs - west Allocated common corporate costs

= $550,000 - $198,000 - $169,500 - $117,500 - $141,100

= -$76,100 loss

Since the west division is eliminated so all the items would be ignored except Allocated common corporate costs

4 0
3 years ago
A company has four vendors and the accounts payable subsidiary ledger shows the following balances.
Luba_88 [7]

Answer:

Explanation:shdfbddvddvddvdhdhdh

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To determine the net cash provided (used) by operating activities, it is necessary to analyze Group of answer choices the curren
Svet_ta [14]

Answer:

All of these.

Explanation:

All of these are the correct answer because to determine the net cash from the operating activities, there is a requirement of the current year's income statement, additional information such as depreciation and amortization and a comparative balance sheet. In order to get cash from operating activities, the changes and non-cash capital, other non-cash adjustments, depreciation is added to the net income.

8 0
3 years ago
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