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Murljashka [212]
4 years ago
7

Michelle Darby receives cash from customers. Her other assigned job is to post the collections to customer accounts receivable.

Her company has weak A. ethics. B. separation of duties. C. computer controls. D. assignment of responsibilities.
Business
1 answer:
sergejj [24]4 years ago
4 0

Answer:

Seperation of duties

Explanation:

Separation of duties also known as segregation of duties is a theory that prevents assigning of responsibility to a single individual for the procurement of assets, their custody, as well as the the associated record keeping. Take for example, one individual can make an order to purchase an asset, but another different individual must be responsible for recording the transaction in the accounting records.

By separating duties, it becomes very hard to carry out fraud, since at least two individuals must work together to do so, which is very likely than if one individual is the one in charge of all parts of an accounting transaction.

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During the late 70s and early 80s, the U.S. economy faced an inflationary period. The chairman of the Fed at that time, Paul Voc
Pachacha [2.7K]

Answer: Sell bonds

Explanation:

One reason there could be inflation in an economy is the high supply of money in the economy. With a high supply, people would have more money and so would demand more goods and services which would take the prices of those goods and services up thereby causing demand pull inflation.

If the Fed wants to reduce this inflation, they need to reduce the amount of money in the economy. They will do this by selling bonds to the public who will then pay in cash which the Fed will then take out of circulation thereby leading to a lower money supply and theoretically, less inflation.

6 0
3 years ago
Elizabeth Proctor sells equipment for $80 000 to Matthew Gamble on 1 July 2013 in exchange for note bearing 12 per cent interest
11111nata11111 [884]

Answer:

Following would be the journal entries in the books of Elizabeth Procter,

On July 1, 2013.

Notes Receivable A/C                                     Dr.  $80,000

    To Equipment A/C                                                               $80,000

(Being equipment sold against notes receivable being recorded)

On June 30, 2014

Notes Receivable A/C                                           Dr. 9600

    To Interest Revenue A/C                                                    9600

(Being accrued interest on notes receivable recorded)

On Sept 2014,

Cash  A/C                                                          Dr. 92,000  

   To Notes Receivable A/C                                                    $80,000

   To Interest Receivable A/C                                                  $9600

   To Interest Revenue    A/C                                                   $2400

(Being notes receivable and interest received receipt being recorded)

Interest Revenue refers to the income which has been earned as on a date.

Interest Receivable refers to the income which has not been received and which has been outstanding.

8 0
4 years ago
Jung Hwa was recently married on July 1, 2018. She had worked for the organization for the past eight years and has been covered
lys-0071 [83]
Now that’s what she should do but if she doesn’t what to then oh whale
6 0
3 years ago
Kennedy Inc. has the following data for its operation in August: Increase in direct materials inventory 100 Sets Direct material
vesna_86 [32]

Answer:

Actual price= $1.6 per unit

Actual price= $3.2 per set

Explanation:

<u>To calculate the actual price, we need to use the following formula:</u>

Direct material price variance= (standard price - actual price)*actual quantity

400= (1.8 - actual price)*2,000

400= 3,600 - 2,000actual price

2,000actual price = 3,200

actual price= $1.6 per unit

8 0
3 years ago
Which federal regulatory agency would most likely bring a civil suit against a business that broke securities laws?
OlgaM077 [116]

Answer:

The SEC is the correct answer

Explanation:

School is a drag

5 0
4 years ago
Read 2 more answers
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