Answer:
Option D All of the above statements are correct.
Explanation:
The solution of the issue is software integration and making flow of information on timely basis across the company. The recommended solutions given in the question are correct because:
- Establishing a lockbox arrangement is similar to having a single company bank account. This means that the company will have a confirmation from the bank that the payment is received by the bank from customers.
- The remittance advice sent with payment helps to solve the misunderstanding, assist in recording transaction to keep the system updated and provides resistance to fraudulent practice.
- The mailroom personnel who require mailing of trade receivable balance which the customers owe to company and trade payable balance which the company owes to suppliers. This avoids the company paying illegitimate amounts and receiving the amounts which the customers actually should pay to the company.
So all of the statements are correct.
Answer:
a. is always the middle value of replacement cost, net realizable value, and net realizable value less a normal profit margin.
Explanation:
As we know that inventory will be recorded at cost or market value whichever is lower. But in the given case, the replacement cost would be recorded at higher values and lesser values. Higher values represent the Net realizable value whereas the lesser values represent the net realizable value less than the normal profit margin.
And if the replacement cost lies in this range than it represents the designated market value.
Hence, option a is correct.
Some thing with the first 5 elements of journalism mainly timeless also contrast and controversy
Answer:
Management of a company is responsible for integrity and objectivity of financial statements. It is management's responsibility to comply with all applicable accounting standards while preparing financial statements.
Explanation:
There should be strict internal controls in a company. A company management is responsible to comply with all laws, and prepare financial standards free from errors. There should be no window dressing and information presented should be reliable. A company management is also responsible to maintain effective internal control system.
Answer:
FACE TO FACE
Explanation:
If Nick cares a great deal about his employees and wants to convey this information in the best way possible, then the medium Nick should use to tell his employees that they're fired is the 'Face to Face' method which means announcing to them in Person.
The following reasons are why:
1. Shock Reduction. If a worker is being fired, that worker will receive such a news with negative shock which will be more severe if done in writing.
2. Clarity and Conciseness: Firing someone always comes with some level of confusion which can be adequately managed if done on a personal familiar level.
3. Emotional Management: Face to face information helps the manager to manage the emotions of sad feelings and give the employees a soft landing.
