1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Crazy boy [7]
2 years ago
11

Q2. The office manager of ABC company has the authority to the whole financial operations. He authorizes activities, controls th

e company’s expenses, records the company’s transactions, and rarely takes vacation.
The owners of the company are happy with his work since the company is making a profit. You are giving the opportunity to educate the owners about the risk of not implementing internal control. What would be your advice?
Business
1 answer:
aivan3 [116]2 years ago
7 0

<em>My </em><em>advice</em><em> to the owners of ABC Company </em>concerning internal controls affecting the office manager would be as follows:

It is time to promote the office manager. His promotion would relieve him of the responsibilities he handles presently. Promoting him would also enable management to segregate his duties.

Secondly, after implementing the promotion and segregation of duties, management should implement a <em>compulsory annual </em><em>leave policy</em>. Having a company-wide leave policy bolsters internal controls by preventing and discovering suspicious fraudulent activities.

Thus, if the owners of ABC Company would buy these <em>pieces of </em><em>advice</em>, they would improve internal controls without offending the hardworking former office manager.

Learn more: brainly.com/question/17056417

You might be interested in
Gains or losses on cash flow hedges are Group of answer choices ignored completely. recorded in equity, as part of other compreh
Helga [31]

Answer: The correct answer is "recorded in equity recorded in equity, as part of other comprehensive income.".

Explanation: Gains or losses on cash flow hedges are <u>recorded in equity, as part of other comprehensive income.</u>

<u>The gains or losses of a cash flow hedge must be recorded, as part of other comprehensive income, in equity.</u>

7 0
3 years ago
Transformational leadership is a positive predictor of job performance and organizational commitment.
Taya2010 [7]

Answer:

a. True

Explanation:

Transformational leadership can be understood as a leadership style whose main objective is the motivation of employees. The transformational leader is the one who seeks to inspire employees through their own example and willingness to work, is the leader who assertively communicates with his team, seeking the autonomy of employees, building a relationship based on trust and increasing of creativity and organizational innovation.

This leadership style is a positive indicator of organizational performance and commitment because it is based on strengthening the organizational culture, where each employee has the possibility to contribute with innovative ideas in favor of the organization's objectives and goals, which creates a sense of greater appreciation and job satisfaction, greater motivation that increases the employee's creativity and productivity.

4 0
2 years ago
A researcher is testing a new painkiller that claims to relieve pain in less than 15 minutes, on average. a. State the hypothese
zmey [24]

Answer:

a. H0 : U ≥ 15

   Ha : U < 15

b. Type I error is incorrectly conclude that the pain is reduced in less than 15 minutes.

c. Type II error is fail to conclude that time for pain reduction is less than 15 mints when actually its less than 15 minutes.

Explanation:

Null hypothesis is a statement that is to be tested against the alternative hypothesis and then decision is taken whether to accept or reject the null hypothesis.

Type I error is one in which we reject a true null hypothesis.

Type II error is one in which we fail to reject the null hypothesis that is actually false.

6 0
3 years ago
If an existing asset is sold at a gain, and the gain is taxable, then the after-tax proceeds from this transaction would be equa
Zinaida [17]

Answer:

If an existing asset is sold at a gain, and the gain is taxable, then the after-tax proceeds from this transaction would be equal to:

Net proceeds from the sale less the taxes paid on the gain.

Explanation:

An illustration is given below.  Company A received $70,000 from the sale of an Office Equipment with a tax basis of $40,000.  The capital gains tax rate is 20%.  How much would be the after-tax proceeds?  The net proceeds minus the tax basis would result in the capital gains of $30,000.  Then, the capital gains tax equals $6,000 ($30,000 * 20%).  Therefore, the after-tax proceeds would be $70,000 minus $6,000, which is equal to $64,000.

6 0
2 years ago
A division sold 230000 calculators during 2020: Sales $2300000 Variable costs: Materials $437000 Order processing 172500 Billing
lakkis [162]

Answer:

the unit contribution margin is 65%

Explanation:

Unit contribution margin = Contribution / Selling Price × 100

                                         =($2300000-$805000) / $2300000 × 100

                                         = $1,495,000 / $2,300,000 × 100

                                         = 65%

6 0
3 years ago
Read 2 more answers
Other questions:
  • Broke Benjamin Co. has a bond outstanding that makes semiannual payments with a coupon rate of 6 percent. The bond sells for $98
    8·1 answer
  • Which of the following charts would be best to draw out the movement of people or material?
    11·1 answer
  • What is a common complaint about regulations pertaining to the establishment and operation of various businesses?
    5·2 answers
  • Being antisocialble with people can lead you in serious danger
    10·1 answer
  • Describe the six buyer-readiness stages along with the marketing strategies used at each stage.
    13·1 answer
  • Kosher Pickle Company acquires all the outstanding stock of Midwest Produce for $15.0 million. The fair value of Midwest's asset
    15·1 answer
  • When a business must decide between completing a project that is over budget and past due versus starting over, they are evaluat
    15·1 answer
  • A recent survey polled a sample of male Mexican-American adolescents to determine if there is an association between smoking and
    5·1 answer
  • Jobs, Inc. has recently started the manufacture of Tri-Robo, a three-wheeled robot that can scan a home for fires and gas leaks
    15·1 answer
  • translation or specification gaps emerge when you focus too intently on industry standards or internal capabilities that are not
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!