Company policy should include all of the following except for one employee having total responsibility for approving purchases, authorizing payments, and signing checks. A is the correct option.
The other options, including employee rotation through various assignments, proper authorization for payments, and stamping supporting documents as "paid" at the time of payment, are typically included in effective internal control policies.
Effective internal control policies aim to safeguard company assets, prevent fraud and errors, and ensure the accuracy and reliability of financial information. One key principle of internal control is segregation of duties, which means that no single individual should have complete control over a transaction from start to finish. This segregation helps to create a system of checks and balances and reduces the risk of fraud or misuse of company resources.
Having one employee solely responsible for approving purchases, authorizing payments, and signing checks violates the principle of segregation of duties. It concentrates too much power and control in one individual, increasing the risk of errors or fraudulent activities going undetected. Therefore, it is not an ideal practice for internal control.
On the other hand, employee rotation through various assignments helps to cross-train employees, broaden their knowledge, and reduce the risk of collusion or dependence on a single individual. Proper authorization for payments ensures that expenses are approved by appropriate personnel before payment is made, ensuring accountability and preventing unauthorized expenditures.
Additionally, stamping supporting documents as "paid" at the time of payment helps to maintain a clear audit trail and ensures that invoices or documents are not inadvertently paid multiple times. These practices are generally considered essential components of effective internal control policies. The correct option is A.
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Which of the following statements is FALSE? A. Preferred stock cannot be converted into common stock. B. Preferred stock usually has a stated or par value but unlike bonds, this par value is not repaid at maturity because preferred stocks do not have a maturity date. C. The only time the par value of preferred stock would be paid to the shareholder is if the company ceases operations or retires the preferred stock. D. Skipped preferred dividends become a liability of the company.
Answer:
c
Explanation:
when does business unit planning occur in the strategic planning process? group of answer choices after corporate planning and product planning after offering planning but before product planning before corporate planning after offering planning after corporate planning but before offering planning
Business unit planning typically occurs after corporate planning and product planning but before offering planning in the strategic planning process.
What is Business?Business is an activity that involves the production, buying, and selling of goods and services. It involves individuals, organizations, and companies working together to create economic growth and development. Business activities are conducted in order to generate profits and satisfy customer needs. Businesses can involve a variety of activities such as accounting, finance, marketing, operations, production, and human resources. Businesses must also consider their legal, ethical, and social responsibilities when engaging in their activities.
This allows the business to identify the potential opportunities and resources available to the business unit, as well as analyze the risks associated with pursuing those opportunities. This process also helps the business unit identify the strategies and objectives necessary to achieve its desired outcomes.
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If you want to know whether a company had a profit or a loss during a specific period of time, which financial statement would be most helpful?
A.
Statement of owners' equity
B.
Cash flow statement
C.
Balance sheet
D.
Income statement
Answer:
The answer is D. Income statement
Explanation:
Answer:
D. income statement
Explanation:
i took the test
The term ________ is described as a "formal means of analyzing longminus−range investment alternatives."
a. capital budgeting
b. time value of money
c. payback period
d. annuity
The term capital budgeting is described as a "formal means of analyzing longminus−range investment alternatives."
The average yearly accrual accounting income as well as average investment are taken into account by the accounting percentage of returns technique.
The procedure a company uses to assess potential big projects or investments is called capital budgeting. Before a project is accepted or denied, capital budgeting is necessary. Examples of such projects include the construction of a new facility or a significant investment in a third party enterprise.
Therefore, the correct answer will be option (a).
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Starplus Limited is well known for its focus on customer satisfaction and this is highlighted in the company profile. Their "About Us" page on their website tells a story of service and growth, all centred around their customers
One year ago, you purchased a 6 percent coupon bond with a face value of $1,000 when it was selling for 98.6 percent of par. Today, you sold this bond for 101.2 percent of par. What is your total dollar return on this investment?
The total dollar return on this investment over the year is $86.
To calculate the total dollar return on this investment, we need to consider two components: the income return (from the coupon payments) and the capital gain/loss (from the change in the bond's price).
1. Let's calculate the price you paid for the bond one year ago:
98.6% of $1,000 = $986
2. Let's calculate the coupon payments you received over the year:
6% of $1,000 = $60
Since this is a 6 percent coupon bond, we can assume that the coupon payments were made semi-annually (twice a year). So, you would have received two payments of $30 each.
3. Now, let's calculate the price you sold the bond for today:
101.2% of $1,000 = $1,012
4. Finally, let's calculate the total dollar return on this investment:
Total dollar return = Income return + Capital gain/loss
Income return = coupon payments received = $60
Capital gain/loss = selling price - purchase price = $1,012 - $986 = $26
Therefore, the total dollar return on this investment is:
$60 + $26 = $86
So, you earned a total return of $86 on this investment over the year.
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The question says.. What is Medicare?
Medicare is a federal health insurance program in the United States that provides coverage to individuals who are 65 years or older, as well as to some younger people with disabilities or certain medical conditions.
What is Medicare?It was established in 1965 as part of the Social Security Act and is funded through payroll taxes, premiums, and general revenue.
Medicare has four parts: Part A covers inpatient hospital stays, skilled nursing care, and hospice care; Part B covers doctor visits, outpatient care, and preventive services; Part C, also known as Medicare Advantage, offers alternative options to receive Medicare benefits through private insurance companies; and Part D provides prescription drug coverage.
Medicare has helped millions of Americans access affordable healthcare, but it does not cover all medical costs, and beneficiaries may be responsible for certain out-of-pocket expenses.
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i dont get it
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Current liabilities are $10,000, long-term liabilities are $20,000, common stock is $50,000, and retained earnings totals $70,000. How much is total stockholders' equity?
Total equity of stockholders' is $120,000
Stockholders' equity, also known as shareholder's equity or owners' equity, is the portion of a company's assets that is owned by its shareholders. It is calculated by subtracting total liabilities from total assets. In this case, current liabilities are $10,000, long-term liabilities are $20,000, common stock is $50,000, and retained earnings totals $70,000. To calculate total stockholders' equity, (Common stock and retained earnings are both elements of stockholders' equity. Common stock of $50,000 plus retained earnings of $70,000 equals $120,000 in stockholders' equity.) This means that the total stockholders' equity is $120,000. It is important to note that this amount represents the residual interest in the assets of the company after deducting all its liabilities.
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The role of government affects entrepreneurs based on what their income is and what they would end up paying in taxes is as
an entrepreneurship
a supervisory body
one that reallocates income
a source of public good
Answer:
one that reallocates time
Explanation:
Entrepreneurs invest in their communities by contributing to the local economy and providing jobs. Many entrepreneurs create products to change the way people live in conduct business.
According to the video, what are some qualities Air Traffic Controllers need? Check all that apply.
physical strength
clear speaking
teamwork
alertness
repair skills
a driver’s license
Answer:
B,C,D ON EDGE 2020-2021
Explanation:
Based on the information given, the qualities Air Traffic Controllers need are:
Clear speakingTeamworkAlertnessThe correct options are B, C, and D.
What does an air traffic controller do?They control the flow of aircraft into and out of the airport's airspace, direct pilots during takeoff and landing, and keep an eye on the movement of aircraft in the sky. To communicate with pilots, air traffic controllers employ radio technology.
Clear speaking is necessary because Air Traffic Controllers are responsible for communicating with pilots to provide them with critical information, such as weather conditions, runway changes, and other important details. Any miscommunication or misunderstanding could have severe consequences, so it's essential that Air Traffic Controllers are articulate and can communicate clearly.
Teamwork is also crucial for Air Traffic Controllers because they work closely with other Air Traffic Controllers and other professionals, such as pilots, airport personnel, and maintenance crews. They need to be able to coordinate and collaborate effectively to ensure the safe and efficient flow of air traffic.
Thus, the ideal selections are options B, C, and D.
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at what age can you withdraw from 401k without paying taxes
Answer:
around the age 59 1/2
Explanation:
The withdrawls will be subject to ordinary income tax, based on your tax bracket.
Analysts say visitors stay an average of how many seconds on any webpage?
A. 1-2 Seconds
B. 5-15 Seconds
C. 10-20 Seconds
D. 45-60 Seconds
the internal rate of return method is used by testerman construction co. in analyzing a capital expenditure proposal that involves an investment of $113,550 and annual net cash flows of $30,000 for each of the six years of its useful life.
Testerman Construction Co. is using the internal rate of return (IRR) method to evaluate a capital expenditure proposal. The investment involves an initial outlay of $113,550 and generates annual net cash flows of $30,000 over a six-year period. The IRR method calculates the discount rate at which the present value of cash inflows equals the initial investment, determining the project's profitability.
By finding the IRR, Testerman Construction Co. can assess the project's viability by comparing it to their required rate of return. If the IRR surpasses the hurdle rate, the investment is considered financially feasible.
To analyze the capital expenditure proposal using the internal rate of return (IRR) method, Testerman Construction Co. considers the initial investment of $113,550 and the annual net cash flows of $30,000 for each of the six years of the project's useful life.
The IRR method calculates the discount rate at which the present value of the cash inflows equals the initial investment, resulting in an internal rate of return that signifies the project's profitability. To determine the IRR, Testerman Construction Co. would solve the following equation:
$113,550 = $30,000 / (1 + \(r)^1\) + $30,000 / (1 + \(r)^2\) + ... + $30,000 / (1 + \(r)^6\)
By applying iterative techniques or using financial software, Testerman Construction Co. can find the discount rate that satisfies this equation, indicating the project's internal rate of return. If the IRR exceeds the company's required rate of return or hurdle rate, the investment is considered financially viable and acceptable.
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rue or false: despite being located outside the united states, foreign banks are under the regulation of the federal reserve board. true false question. true false
False. Foreign banks that are located outside of the United States are generally not under the regulation of the Federal Reserve Board (FRB).
The FRB is the central banking system of the United States and is responsible for implementing monetary policy and supervising and regulating financial institutions located within the country. Foreign banks that operate in the United States, however, may be subject to FRB regulation and oversight. In addition, the FRB may also have some jurisdiction over foreign banks through its role in supervising the activities of US branches and agencies of foreign banks. Foreign banks that have operations in the United States are subject to regulation by the Federal Reserve and other US financial regulatory agencies, such as the Office of the Comptroller of the Currency (OCC) or the Federal Deposit Insurance Corporation (FDIC), depending on the type of activities they engage in. The Federal Reserve has jurisdiction over the US branches and agencies of foreign banks and also supervises the activities of foreign banks that participate in the US payments system.
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True or false: Despite being located outside the United States, foreign banks are under the regulation of the Federal Reserve Board?
Not yet answered Marked out of 1.00 Not flaggedFlag question Question text What would be the real cost of borrowing in the following case? A home equity loan is advertised at 3.5 percent compounded monthly, however, there is a legal fee of $400 and appraisal fee of $450 to set up the house as collateral. If Sarah needs to borrow $20 000 for one year, at which time will be able to repay the full amount, what is the effective rate of borrowing the $20 000 for the year? a. 7.75% b. 3.56% c. 7.81% d. 4.25% Question 5 Not yet answered Marked out of 1.00 Not flaggedFlag question Question text Jessie won a lottery and was given the following choice. He could either take $5150 at the end of each month for 25 years, or a lump sum of $700,000. At what effective annual interest rate would he be indifferent between the two choices? a. 7.4% b. 7.3% c. 11.6% d. 7.7%
In the first case, the effective rate of borrowing for Sarah would be 7.81%. In the second case, Jessie would be indifferent between the monthly payments and the lump sum at an effective annual interest rate of 7.3%.The correct option is b.
For the first case, to calculate the effective rate of borrowing for Sarah, we need to consider the advertised interest rate of 3.5% compounded monthly as well as the additional fees involved. The legal fee and appraisal fee are one-time costs and should be considered as part of the borrowing cost. Since the loan is compounded monthly, we can use the formula for the effective annual interest rate to calculate the total cost. The effective rate can be found using the formula: (1 + r/m)^m - 1, where r is the nominal rate and m is the compounding frequency. In this case, the nominal rate is 3.5% and the compounding frequency is 12. Adding the one-time fees to the total borrowing cost and calculating the effective rate yields 7.81%.
For the second case, Jessie has the option to receive $5150 at the end of each month for 25 years or a lump sum of $700,000. To determine the effective annual interest rate at which he would be indifferent between the two choices, we need to compare the present value of the monthly payments with the lump sum amount. The present value of the monthly payments can be calculated using the formula for the present value of an annuity. By equating the present value of the monthly payments with the lump sum amount and solving for the interest rate, we find an effective annual interest rate of 7.3% at which Jessie would be indifferent between the two choices.
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A ceo is considering how he wants his company positioned he has thought of it as the coolest brand and the brand with the best values which is true about his predicament?
Answer:
the first one,
Explanation:
for some reason people think that the cooler brand is better even if it sucks. its just because the logo looks good pretty much. I have no idea. its like nike vs adidas more people use nike even though the shoes suck compared to adidas
if you had $1100000000000 what would with it and why
Answer: buy my school than demolish it
Explanation:
Answer:
i'll buy
Why:
Why? it's because i had $1100000000000
please sir i need the answer within 16 minutes emergency asap
Which of the following is FALSE about software requirements? A. The process whereby stakeholders gather information about the required requirements and the existing system is called requirements disco
The false statement about software requirements is: The process whereby stakeholders gather information about the required requirements and the existing system is called requirements disco.
Software requirements are the functional and non-functional requirements that software developers gather from stakeholders. These requirements guide the design and development of software applications. Here are some false statements about software requirements:
False Statement: The process whereby stakeholders gather information about the required requirements and the existing system is called requirements disco. Truth: The process whereby stakeholders gather information about the required requirements and the existing system is called requirements elicitation.False Statement: Requirements cannot be changed once they have been documented. Truth: Requirements can be changed during the development of software applications, but these changes should be documented and communicated to stakeholders.False Statement: Software requirements only include functional requirements. Truth: Software requirements include both functional and non-functional requirements.False Statement: Software requirements are only for developers. Truth: Software requirements are for all stakeholders involved in the development of software applications, including developers, project managers, and business analysts.For more such questions on stakeholders
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If a stock was purchased for $7500 in January 2020 and is sold in December 2020 for 7000, what results
They took $5,000 off
similarities between local market and national market
The data on price and quantity purchased relating to a commodity for 10 months are given
below:Calculate coefficient of correlation between price and quantity.
Price and number of goods purchased are inversely correlated. Consequently, price rises as quantity rises.
What is data on price ?Pricing Data is accurate information on the costs of goods that are strikingly comparable to those being purchased. Prices are used interchangeably in this definition to refer to actual selling prices as well as suggested or prospective selling prices. Data pertinent to both primary and subcontract prices are referred to in the definition. Data may consist of specific costs, weights, addresses, names, ages, temperatures, dates, or distances, for instance. Data is a basic type of knowledge and has no meaning or use by itself. In other words, facts must be interpreted in order to have any significance. A pricing list again for new term has been sent by the Contractor to authorized buyers.
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Hubert is training for a triathlon, a timed race that combines swimming, biking, and running. Consider the following sentence: Because his pool sessions are helping him swim more quickly, Hubert plans to reduce by 1 hour per week the time he spends training on the bike and increase by 1 hour the time he spends in the swimming pool; however, his wife says that he should stop doing any biking and running and spend all 20 hours per week in the pool. Which basic principle of individual choice does Hubert's plan illustrate that his wife's advice does not
Answer:
Many decisions are made on the margin.
Explanation:
The principle state that many economic decisions are made by looking at the Cost Benefit at the margin.
This would involve looking at the Cost Benefit of an additional unit of consumption or production.
In this case, Hubert wants to spend an extra hour that would improve her swimming that would improve her chances of doing well in triathlon.
Therefore, Many decisions are made on the margin.
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how
has covid 19 affect sickle cell with hospital financial
strain
The financial strain caused by the COVID-19 pandemic has had an impact on the management and treatment of sickle cell disease in hospitals.
Hospitals have faced resource constraints, including limited staff, equipment, and funding, which can affect the quality and accessibility of care for individuals with sickle cell disease. This may lead to challenges in providing timely and comprehensive treatment, monitoring, and support services for patients with sickle cell disease, potentially impacting their overall health outcomes. The financial strain on hospitals has highlighted the need for continued investment and support in healthcare systems to ensure the provision of adequate care for individuals with chronic conditions like sickle cell disease.
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automatic fiscal policy instruments include: group of answer choices unemployment compensation. regressive income tax rate schedule. new government program. none of the above
The unemployment compensation and regressive income tax rate schedule are automatic fiscal policy instruments.
These instruments are automatic in the sense that they are triggered automatically based on certain economic conditions. Unemployment compensation is provided to those who have lost their jobs due to economic downturns, which helps to stabilize consumer spending and demand. Regressive income tax rate schedules automatically adjust tax rates based on changes in income levels, which helps to redistribute income and mitigate inequality. The option of "new government program" is not considered an automatic fiscal policy instrument as it requires legislative action and approval.
Automatic fiscal policy instruments are measures that automatically stabilize the economy without any intervention from the government. Unemployment compensation is an example of such an instrument, as it provides financial assistance to the unemployed, helping to stabilize their income and maintain aggregate demand during economic downturns.
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6. Identify a change in technology during each of the time periods in history below that you believe improved the
way marketing activities were completed. List the example and explain how it contributed to marketing during
that time.
(a) 1900s to 1930s
(b) 1930s to 1950s
(c) 1950s to 1980s
(d) 1980s to today
Answer:
Answer:
Prior to the 1950s, the production orientation generally held true due to the growing numbers of affluent and middle class people that capitalism had created.
Say’s Law states that the “production of commodities creates, and is the one and universal cause which creates, a market for the commodities produced”.
The emphasis of firms adopting a production orientation of marketing would have been based on the theory of economies of scale, which are the cost advantages that an enterprise obtains due to expansion.
Which of the following of Wegman's motivating factors is an intrinsic motivator?
a. A sense of pride from meeting customer needs
b. Scholarship opportunities
c. The Wegman's retirement plan
d. Adoption assistance
e. Employee discounts on groceries
The answer choice which shows the Wegman's motivating factor which is an intrinsic motivator is:
a. A sense of pride from meeting customer needsWhat is a motivating factor?This refers to the things which makes a person behave in a certain way with the aim of getting a reward.
What is Intrinsic Motivation?This refers to the pleasures gotten from performing a task or doing a certain action which is for fun, rather for external motivation like money or other rewards.
Therefore, we can see that from Wegman's policy, he was able to get intrinsic motivation from meeting the customer's needs which gave him a sense of pride.
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Jua kali Furniture Makers do not maintain proper book keeping and the following information is available as at: 31/11/19 31/11/20 Kshs. Kshs. Creditors 44,000 37,000 Debtors 100,000 92,000 Prepaid wages - 8,000 Bank 78,000 160,000 Cash 12,000 36,000 Stock 30,000 20,000 Notes: (i) All sales are made on credit (ii) Amounts received from debtors included: cash Kshs.38,000 and cheques Kshs.170,000 (iii)Amounts paid to creditors included: cash Kshs.10,000 and cheques Kshs.47,000 (iv)Expenses for the year included: cash wages Kshs.4,000, wages paid by cheque kshs.24,000 and rent paid by cheque Kshs.12,000 (v) Cash drawings from bank for personal use kshs.5,000
To prepare the financial statement of profit or loss for the year ended 31st November 2020, we need additional information such as the cost of goods sold, other expenses, and revenue from sales.
Without this information, we cannot prepare a complete statement of profit or loss and other comprehensive income. However, we can prepare the statement of financial position (balance sheet) as at 31st November 2020, as follows:
Jua Kali Furniture Makers
Statement of Financial Position as at 31st November 2020
ASSETS 31/11/19 31/11/20
Kshs. Kshs.
Non-Current Assets
None - -
Current Assets
Debtors 100,000 92,000Prepaid wages - 8,000Bank 78,000 160,000Cash 12,000 36,000Stock 30,000 20,000Total Current Assets 220,000 316,000TOTAL ASSETS 220,000 316,000
LIABILITIES AND EQUITY
Current Liabilities
Creditors 44,000 37,000Total Current Liabilities 44,000 37,000Equity
Capital 176,000 279,000Total Equity 176,000 279,000TOTAL LIABILITIES AND EQUITY 220,000 316,000
Notes:
The increase in debtors from Kshs. 100,000 to Kshs. 92,000 shows that the company has collected Kshs. 38,000 in cash and Kshs. 170,000 in cheques from debtors during the year.The decrease in creditors from Kshs. 44,000 to Kshs. 37,000 shows that the company has paid Kshs. 10,000 in cash and Kshs. 47,000 in cheques to creditors during the year.The increase in bank from Kshs. 78,000 to Kshs. 160,000 shows that the company has deposited Kshs. 82,000 into the bank during the year.The increase in cash from Kshs. 12,000 to Kshs. 36,000 shows that the company has received Kshs. 26,000 in cash from sales and other sources during the year.The decrease in stock from Kshs. 30,000 to Kshs. 20,000 shows that the company has sold Kshs. 10,000 worth of goods during the year.The increase in prepaid wages from Kshs. 0 to Kshs. 8,000 shows that the company has paid Kshs. 8,000 in advance for wages to be paid in the next period.The drawings of Kshs. 5,000 for personal use are not reflected in the statement of financial position, as they are not a liability or an asset of the company.In conclusion, while we cannot prepare a complete statement of profit or loss and other comprehensive income without additional information, we can use the available information to prepare the statement of financial position for Jua Kali Furniture Makers as at 31st November 2020.
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you are an administrative assistant in the purchasing department. Another administrative assistant is getting married in three weeks. Rumor has it that after the wedding, she will not be returning, and two of your peers have come to you asking if it is true because they want to apply for her job. you have not seen an official announcement, however, the assistant did tell you that she plans not to come back. What should you say to your two coworkers?
In this situation, You should tell your coworkers that you are unsure and that it is not yet official announced.
Co - workers.
Co workers refers a person with whom one works, typically someone in a similar role or at a similar level within an organization.
Given,
Here we have given that, you are an administrative assistant in the purchasing department. And another administrative assistant is getting married in three weeks. There is a rumor has it that after the wedding, she will not be returning, and two of your peers have come to you asking if it is true because they want to apply for her job. Now, you have not seen an official announcement, however, the assistant did tell you that she plans not to come back.
Here we need to find how you should handle this situation.
While we looking into the given question, we have identified the following,
There are 2 administrative assistant in your company.
One is you and another one is a girl and she get married in three weeks. And she also planned to resign after her marriage but this resignation is not officially confirmed.
So, in this situation, two of your peer interested for the position and asking you about the recruitment process.
Here you have to reply the co workers that the resignation is not conformed and if it is officially announced they you have the option to apply for that position.
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Think about a country where most economic production results in air pollution that creates lots of smog. What would be the trade-off if the bad result (air pollution) were reduced?
A. less of the activity that creates lots of smog
B. lower incomes
C. higher incomes
D. more of the activity that creates lots of smog
it is not A
Answer:
Option B is correct.
Explanation:
A specific risk of minimizing or eliminating bad operation must be paid. That would increase that general amount of inflation as well as lower productivity and profits, as a majority of the expenses must be borne by the government instead.
That's the compromise social system has to deal with, increased costs of earnings with far more pollution, or reduced earnings smog.
Option A is incorrect according to the following scenario because the activity that generates a range of pollution could not be achieved. Option C is incorrect according to the following scenario because we already describe that lower-income is the appropriate option. Option D is incorrect according to the following scenario because more activity, which generates much pollution, isn't really feasible