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Triss [41]
3 years ago
14

Question 7 (1 point)

Business
1 answer:
krok68 [10]3 years ago
7 0

Answer: John's Savings account balance declined by $50 and his Checking account balance increased by $50

Explanation:

The checking account statement shows that there was an online funds transfer from Savings into the checking account.

The checking account will therefore increase by $50 because money was transferred into it and therefore added to its balance. The savings account on the other hand, will reduce by the same amount because it transferred the money into another account.

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Hiring decisions at Maarja's Razors are made by Maimu Maarja, the Director of Human Resources. Pay rates are approved by the Vic
barxatty [35]

Answer:

Effective

Explanation:

Segregation of duties (SOD) is an essential part of the effectiveness of internal controls for any business. This integral separation ensures that key processes are performed by more than one person to prevent fraud or financial misstatement. While technology continues to become more sophisticated, the time is now to implement controls that segregate key functions within processes such as cash disbursements, investments, payroll, and many other areas.

Maarja's Razors is implementing effectively the segregation of duties. Key processes are performed by more than one person, and this helps in flexibility of operations.

4 0
3 years ago
Read 2 more answers
Gross Domestic Product (GDP) includes _____ goods and services.
Elena L [17]
Last year's goods and services.

3 0
3 years ago
Read 2 more answers
Linda purchased a washing machine and dryer set for $1,299 on a deferred payment plan. She needs to pay $80
lisov135 [29]

Answer:

In six months, Linda will pay : $480

Final payments :$819

Explanation:

The monthly payments are $80 for six months.

For six months, Linda will have paid $80 times six months

=$80 x 6

=$480

The amount for her final payments will be the total of the two items  minus the installment payments

=$1,299 - $480

=$819

7 0
3 years ago
Bear tracks, inc., has current assets of $2,180, net fixed assets of $9,400, current liabilities of $1,355, and long-term debt o
abruzzese [7]

(a) Total assets = Current assets + Fixed assets  

Total assets = 2180 +9400 = 11,580

Total liabilities = Current liabilities + long term debt

Total liabilities = 1355+3990 = 5,345

According t the accounting equation, Stockholders equity = Total assets - Total liabilities =  11,580-5,345 = 6,235

Stockholders equity = $6,235

(b) Working capital = Current assets - Current liabilities

Working Capital = 2180-1355

Working Capital = $825

3 0
3 years ago
Your medical group wants to expand by starting a new venture, owning and operating a pharmacy. In order to increase the chances
kolezko [41]

Explanation:

The opening of any business is subject to potential risks, so it is necessary for new entrepreneurs to maintain a proactive stance so that organizational practices and processes are effectively aligned to prevent risks. That's why it's important to know the market you're going to be in, as well as risk and opportunity management to guide your business to success.

Some potential <u>risks </u>in opening a pharmacy would be:

Product Risk: The products that will be marketed must be carefully selected and in accordance with the quality and safety parameters, especially when it comes to the sale of medicines, which presents greater care in marketing.

Market risk: A company only progresses if it has market to operate. A new business should consider whether it will be able to deliver a quality product with customer benefits compared to its competitors.

Supplier Risk: Choosing good suppliers is essential to organizational success. In the pharmaceutical industry it is necessary to choose good and reliable laboratories so that there is no risk of obtaining unsafe medicines for human health.

But in addition to risks, <u>opportunities </u>must also be considered when opening a new business. In this case they can be:

Market Opportunity: A pharmacy is a business that not only sells medicines, there may be increased profitability by selling non-durable goods such as food, beverages and beauty products, widely consumed by various types of consumers.

Reputation Opportunity: Because it is a pharmacy formed by a medical group, the reputation and image to the consumer can be enhanced, which creates greater security in choosing to buy a drug in your establishment.

Branding opportunity: A company that markets private label products ensures benefits such as consumer confidence and increased profitability by marketing low cost manufacturing products to the company.

3 0
3 years ago
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