register and no passwords are required. 9 Describe the internal control lapse in the following situation. An office manager, who is authorized to sign checks in the absence of the owner, has been stealing money from the company.

Answers

Answer 1

The internal control lapse in this situation is a lack of segregation of duties and proper oversight.

By allowing the office manager to have the authority to sign checks in the absence of the owner without any additional checks and balances, there is a significant risk of fraud or misappropriation of funds. This lack of segregation of duties means that the office manager has both the ability to initiate and approve financial transactions, which increases the opportunity for fraudulent activities.

Effective internal controls typically involve separating key duties to prevent any one individual from having complete control over a process. This includes having different individuals responsible for initiating transactions, authorizing transactions, and recording transactions. By having multiple people involved in each step and implementing proper oversight mechanisms, the risk of fraudulent activities can be minimized.

In this case, the office manager's unauthorized activities went undetected due to the absence of proper checks and balances. Implementing stronger internal controls, such as requiring dual signatures on checks or having a separate person responsible for approving transactions, could have helped prevent or detect this fraudulent behavior earlier. Regular reviews and audits of financial records would also be beneficial in identifying any discrepancies or irregularities.

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Related Questions

pls respond soon!
Two stocks are offered to investors, one long-term, one short-term. Assuming each bond pays the same interest rate, which is the best option for a 30-year-old investor?

-Short-term with low returns
-Long-term with high returns in year one
-Long-term with low yearly returns
-Short-term with high returns in year one

Answers

The best bond option for a 30 - year old investor is Long-term with low yearly returns.

What type of bonds are best for young investors?

The type of bond that would be best for a young investor would be one that has a long term horizon. This is because young investors have a long time ahead of them to make money from their jobs. They don't need the returns from the bonds just yet. They will however need those bond returns when they are older and so they should just pick a long - term bond.

When it comes to the returns they should go for, the bond should be one with low yearly returns. Again, they don't need the returns as much so they can take those with low yearly returns. These ones are less risky and so will be available for them when they grow old. A 30 - year - old investor should therefore take a long - term bond with low yearly returns.

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Answer:

C.  Long-term with low but steady yearly returns

Explanation:

__________ comprises half of the word's genetically modified crops.

Answers

Corn (maize) comprises half of the world's genetically modified crops.

Genetically modified corn is widely cultivated and consumed around the globe due to its various desirable traits and potential benefits.

Genetic modifications in corn crops often involve the introduction of genes that confer resistance to pests, herbicides, or improve nutritional content. These modifications can enhance crop yields, reduce the need for chemical pesticides, and increase the nutritional value of corn.

The widespread adoption of genetically modified corn has sparked debates regarding their safety, environmental impact, and potential long-term consequences.

However, it remains a significant contributor to global food production and plays a crucial role in addressing food security challenges.

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156. Organizationally sponsored career planning can further employee growth, tap employee potential, and satisfy employee needs. True False

Answers

Organizationally sponsored career planning refers to the process in which an organization helps its employees identify their career goals and provides them with resources to achieve those goals.

This process involves identifying an employee's strengths and weaknesses, their interests and career aspirations, and developing a plan that will enable them to achieve their desired career outcomes. Career planning is important for both employees and organizations. For employees, it helps them understand their career path and work towards their professional goals. For organizations, it ensures that they have a workforce that is engaged and motivated, leading to higher job satisfaction, retention rates, and productivity. By providing employees with opportunities for growth and development, organizations can tap into their potential and create a workplace culture that supports employee well-being and success.

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Any christian guys wanna be friends?

Answers

Answer:

Explanation:

Im not a guy im a girl but can we still be friends

3.
What is the importance of trade?​

Answers

Trade is critical to America's prosperity - fueling economic growth, supporting good jobs at home, raising living standards and helping Americans provide for their families with affordable goods and services.

Which depict a negative externality? (Select all that apply)
A. There was an expansion of an airport, which caused greater levels of noise pollution
B.There was an expansion of an airport, which increased revenue for local restaurants.
C. There was an expansion of an airport, which decreased property values of nearby homes.
D. There was an expansion of an airport, which reduced unemployment in the surrounding area.

Answers

Answer:

The corrects answers for this would be A and C.

Explanation:

As you can see, for both a and c, those are the only two answers that have a negative outcome, hence the negative externality.

PLS help, 25 pts and brainliest will be given !
How can reflecting on morals and ethics; help you identify your areas of strengths and weaknesses?

Answers

Explanation:

Identifying your strengths and weaknesses can be extremely valuable. Not only will it allow you to approach tasks and challenges with a better understanding of how to succeed and what pitfalls to look out for, but it also allows you to effectively communicate what you can contribute, which is essential for things like job interviews.

Distinguishing your qualities and shortcomings can be very significant. Not exclusively will it permit you to move toward assignments and difficulties with a superior comprehension of how to succeed and what traps to pay special mind to, yet it likewise permits you to viably convey what you can contribute, which is fundamental for things like new employee screenings.

2. A closer estimate of the total cost can be made by including the estimated sales tax. Use a formula to
calculate the estimated cost for July 2014 using 7% sales tax. Then, write the formula you used and the
estimated cost in the cell below. Hint: Convert 7% into a decimal for the formula. (5 points)

Answers

Answer:

=([Cost] * 1.07)

Explanation:

The question has missing details.

The complete question is to calculate write a Microsoft Excel formula that calculates the total cost which includes the sales tax

Assume that the table heading for estimated cost in July 2014 is Cost

The formula to calculated the total cost which includes the sales tax is:

=([Cost] * 1.07)

The above uses structured reference to make reference to the cost in July 2014.

To calculate the total which includes sales tax, we use:

\(Total = Cost * (1 + Sales\ Tax)\)

\(Total = Cost * (1 + 7\%)\)

Convert percentage to decimal

\(Total = Cost * (1 + 0.07)\)

\(Total = Cost * 1.07\)

Hence, the Excel equivalent is:

=([Cost] * 1.07)

Answer:

=([Cost] * 1.07)

Explanation:

The complete question is to calculate write a Microsoft Excel formula that calculates the total cost which includes the sales tax

Assume that the table heading for estimated cost in July 2014 is Cost

The formula to calculated the total cost which includes the sales tax is:

=([Cost] * 1.07)

The above uses structured reference to make reference to the cost in July 2014.

To calculate the total which includes sales tax, we use:

Total = Cost x ( 1 + Sales Tax )

Total = Cost x ( 1 + 7% )

Convert percentage to decimal

Total = cost x ( 1 + 0.07 )

Total = Cost x 1.07

Hence, the Excel equivalent is:

=([Cost] * 1.07)

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3. Of the following provisions that might be found in a bond indenture, which would tend to reduce the coupon interest rate on the bond in question?

a
A subordination clause in a debenture.

b
A call provision.

c
A convertible feature.

d
Having relatively few restrictive covenants.

e.
All of the above.

Answers

The bond in question's coupon interest rate would typically be reduced by a convertible feature.

Define the term "convertible feature"?

An asset that can be changed by the shareholder into common stock is known as a convertible, which can be a bond, preference share, or other type of financial instrument. Convertible securities aren't considered to be either debt or equity; rather, they're viewed as a cross between the two groups because they have the cash flow characteristics of both bonds and stocks.

What distinguishes a convertible bond from other bonds?

An investment that may be converted into a predetermined number of shares of common stock is known as a convertible bond. It pays fixed-income interest payments. During the bond's term, the bond can be converted into stock at precise points at the bondholder's option.

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(1.04) This is an itemized summary of probable income and expenses for a given period.

oBank Account
oInterest bearing account
o Budget
o Lottery

Answers

The answer is C - budget

If an employee values achievement and an employer rewards people for accomplishing goals, the employee is more likely to experience:

Answers

If an employee values achievement and an employer rewards people for accomplishing goals, the employee is more likely to experience Organizational commitment.

Organizational commitment is the term used to define a person's psychology in regards to their employment with the firm. Whether an employee will stay with the company for a longer amount of time and put their all into attaining the company's objective depends critically on the organization's commitment.

When an organization's commitment is identified, other characteristics like employee happiness, engagement, leadership distribution, job performance, and job insecurity may also be predicted. From a management perspective, it's critical to understand a worker's degree of commitment to his or her work in order to gauge their level of devotion to the daily duties that are delegated to them.

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the capital investment each year in the united states usually __________.

Answers

the capital investment each year in the united states usually increases.

Capital investment in the United States refers to the money spent on acquiring or upgrading physical assets such as buildings, machinery, and equipment. These investments are important for the growth and development of businesses and industries, as they allow for increased productivity and efficiency.

Historically, capital investment in the United States has tended to increase over time. This trend can be attributed to a number of factors, including a growing economy, advancements in technology, and increased competition among businesses.

Additionally, government policies such as tax incentives for businesses can also play a role in encouraging capital investment. Overall, the trend of increasing capital investment in the United States is a positive sign of economic growth and development.

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What are cooperative agreements that allow firms to remainâ independent, but pursue strategies consistent with their individualâ missions?A. joint venturesB. acquisitionsC. alliancesD. enhancements and migration

Answers

The cooperative agreements that allow firms to remain independent but pursue strategies consistent with their individual missions are alliances. Option C is correct.

Alliances are collaborative agreements between two or more firms that involve sharing resources and capabilities to achieve a common goal. These agreements are usually non-equity based, meaning that firms do not exchange ownership shares or merge into one entity. Instead, they maintain their independence and control over their operations while benefiting from each other's strengths.

Alliances can take many forms, including research and development collaborations, marketing partnerships, and supply chain alliances. These agreements are beneficial for firms that want to expand their reach, enter new markets, or gain access to new technologies, without losing their autonomy. By pooling their resources and expertise, firms can achieve economies of scale, reduce costs, and improve their competitiveness.

On the other hand, joint ventures and acquisitions are equity-based agreements that involve the exchange of ownership shares between two or more firms. In joint ventures, firms form a new entity to pursue a specific project or business opportunity. In acquisitions, one firm acquires another firm's assets, including its operations, employees, and intellectual property.

Enhancements and migration, on the other hand, refer to technological upgrades and software updates that firms use to improve their operations and stay competitive in their industries. These are not cooperative agreements but rather internal processes that firms undertake to improve their efficiency, productivity, and profitability.Option C is correct

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Profit as calculated from the profit equation can be challenging to predict because the ________ varies with the chosen price, and can also impact the variable costs through production efficiencies.

Answers

Demand for goods varies, profit as calculated from the profit equation can be challenging to predict because the quantity demanded varies with the chosen price, and can also impact the.

What is profits?

Profit is the amount of money that is realized after a business transaction have been done.

The profits is the money left for the owner of the business for spending without necessarily affecting the business.

Therefore, profit as calculated from the profit equation can be challenging to predict because the quantity demanded varies with the chosen price, and can also impact the.

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Which of the following terms is used to Describe quantity or amount produced during a given time

Answers

Answer:

output

Explanation:

Making a home inventory (select all that apply)
Question 3 options:
A: will decrease your premium by 5%.
B: will help you get your claim settled faster.
C: will help you to determine how much liability coverage to purchase.
D: will help you to determine how much personal property coverage to purchase.

Answers

A : wil dercease your premium by 5% and if my answer is nice like and thanks!!!!!!!

Tom is setting up a business as a boarding kennel. He will look after dogs while the owners are away. He has found a barn that he can rent. It will need fitting out with secure kennels and runs for the dogs. Identify three start up costs he may have. 1. Feeding bowls/dog leads and other dog care items
2.
3.

Answers

Answer:

Explanation:

1) Feeding bowls / dog leads and other dog care items. These are important for a safe upkeep and care of dogs that will be in his custody.

2)Tom should also have good insurance policy in place in order to make provision for future potential loss, The insurance policy should cover all the breeds of dogs for maximum economic benefit.

3)Another cost is the cost of obtaining a boarding license at the rate set by the covering local council . This is necessary to obtain a full government approval .

when looking at a graph, consumer surplus (cs) is always the area [ select ] the [ select ] curve and above the

Answers

When looking at a graph, consumer surplus (CS) is always the area under the demand curve and above the market price. This is because the consumer surplus is the extra amount of money that consumers would be willing to pay above the market price for a good or service.

This is represented by the difference between the maximum amount that a consumer is willing to pay (the demand curve) and the actual price that they pay (the market price). Therefore, the larger the consumer surplus, the more value a consumer perceives in the good or service they are purchasing.The area under the demand curve and above the market price represents the consumer surplus. It is the difference between the total value that consumers place on the good or service (as represented by the demand curve) and the total amount they actually pay (as represented by the market price). In other words, consumer surplus is the area of the triangle between the demand curve, the market price, and the vertical axis, and it is measured in dollars.

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Can we run our business without training or not? Give reason.​

Answers

Answer:

Ha we can run our business if we have knowledge

and we have the grip on it and first we have to put interest.

Answer:

Yes we can start our own bussiness without training. We just have to start the bussiness in the field of that thing, in which we are the most expert.

3. what does it mean that ""everything else is held constant"" when analyzing supply and demand

Answers

When analyzing supply and demand, the phrase everything else is held constant refers to the assumption that all factors, except the specific ones being considered, remain unchanged or fixed.

It is used to isolate the relationship between the variables under examination and to simplify the analysis by focusing on the impact of a particular factor while assuming that other factors remain constant.

By holding everything else constant, economists can study the individual effect of a specific variable on supply or demand without the interference of other variables.

This approach allows for a clearer understanding of the relationship between price and quantity in the market.

For example, when analyzing the effect of a price change on quantity demanded, assuming everything else is held constant means assuming that factors such as consumer income, prices of related goods, consumer preferences, and other relevant factors remain unchanged.

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according to the penetration strategy, an entrepreneur tries to penetrate his or her firm's product or market further by _____.

Answers

According to the penetration strategy, an entrepreneur tries to penetrate his or her firm's product or market further by adjusting the price of the product. Penetration pricing strategy involves setting a lower price for the product than the competition to draw in consumers and acquire a larger market share.The goal of penetration pricing is to attract customers and gain market share quickly.

The product's price is deliberately set low, with the expectation that revenue will be generated by increased sales volume rather than by the price per unit.Market penetration pricing is a method of setting low prices to break into a new market or increase market share. It is most commonly used in situations where there is little or no competition, where the product is easily substitutable,

and where the cost of producing additional units is minimal. Additionally, the pricing strategy provides the company with information about consumers' willingness to pay for the product.The goal of market penetration pricing is to gain market share quickly by drawing in consumers who might otherwise be hesitant to try a new product or who might have been loyal to a competitor's brand in the past.

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government intervention can increase welfare by providing public goods. is this a positive or a normative statement?

Answers

The statement "Government intervention can increase welfare by providing public goods" is a positive statement.

When analyzing economic statements, it's essential to distinguish between positive and normative statements.

Positive statements are based on factual analysis and can be objectively tested, while normative statements involve subjective judgments about what ought to be. Now, let's examine into the statement "Government intervention can increase welfare by providing public goods" and determine whether it is a positive or a normative statement.

The statement "Government intervention can increase welfare by providing public goods" is a positive statement. This is because it can be evaluated based on empirical evidence and economic analysis. Positive statements are focused on describing the world as it is, rather than expressing personal opinions or value judgments.

This positive change in welfare due to government intervention demonstrates that the statement "Government intervention can increase welfare by providing public goods" is a positive statement. It describes a cause-and-effect relationship that can be tested and evaluated using empirical evidence and economic analysis.

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2. How do organization's business management decisions affect by the Humar
Development Index in a country's economic development phases?​

Answers

i’m not sure for this one but could you help with mine

on september 1, the board of directors of colorado outfitters, incorporated, declares and issues a stock dividend on its 29,000, $20 par, common shares. the market price of the common stock is $49 on this date.

Answers

The necessary journal entries assuming a small (10%) stock dividend will be Dr Stock Dividends - 142,100 (29,000 x .10 x 49), Cr Common stock-58,000 (29,000 x .10 x 20) and Additional paid in capital-84,100.

All shares used to divide ownership of a company or business constitute shares in the financial world. A share represents a share of shares in the company based on the total number of shares. This typically entitles the shareholder to a percentage of the company's revenue, proceeds from the sale of the company's assets, or voting rights, regularly distributing these items in proportion to the amount each shareholder receives Large contributions.

Not all shared classes are created equal; some may have advanced, unrestricted voting rights or specific preferences for profit or liquidation before or after other types of shareholders.

The above question is incomplete, the complete question is-

On September 1, the board of directors of Colorado Outfitters, Inc., declares a stock dividend on its 29,000, $20 par, common shares. The market price of the common stock is $49 on this date.

Required:

1. 2. & 3. Record the necessary journal entries assuming a small (10%) stock dividend,

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Samantha a marketing professional integrates her work with other departments daily. Relate the dependence of marketing on other core functions

Answers

Answer:

Marketing is not only much broader than selling, it is not a specialized activity at all. It encompasses the entire business. It is the whole business seen from the point of view of the final result, that is, from the customer's point of view. Concern and responsibility for marketing must therefore permeate all areas of the enterprise

Explanation:

Like any other marketing professional her marketing makes a huge impact on her other functions.

Answer:.

Explanation:

Samantha a marketing professional integrates her work with other departments daily. Relate the dependence

Question 1 of 1
Match the color of each sign with the type of information it provides. (45 points)
1: Yellow
A. Recreational and cultural-interest guidance
2: Fluorescent Yellow-Green
B. Regulatorinformationy
3: Orange
C. General warning or caution
4: Green
D. Motorist services guidance
C 5. Brown
E. Warning
6: Blue
F. Stop or prohibition
7: Red
G. Incident management
8: Black & White
H. Directional guidance or navigation; indicates movement is permitted
C 9: Fluorescent Pink
I. Temporary work zone

Answers

This aint no 45 points

what type of fraudulent activity involves an employee who assists a consumer in fraud?

Answers

The type of fraudulent activity that involves an employee who assists a consumer in fraud is known as collusive fraud.

In this type of fraud, an employee of a company colludes with a customer to commit fraudulent activities, such as theft, embezzlement, or unauthorized use of company resources.To prevent collusive fraud, companies should implement strong internal controls and monitoring mechanisms, conduct regular audits, and provide ethics training to employees.

They should also encourage employees to report any suspected fraud or unethical behavior. Collusive fraud is a serious issue that can have significant financial and reputational consequences for companies. It can be difficult to detect, as it involves an employee who is actively participating in the fraudulent activity.

In some cases, collusive fraud may involve multiple employees who are working together to commit the fraud.To prevent collusive fraud, companies should implement strong internal controls and monitoring mechanisms.

This includes segregating duties, conducting regular audits, and implementing fraud detection software. Companies should also provide ethics training to employees, encouraging them to report any suspected fraud or unethical behavior.

Overall, preventing collusive fraud requires a combination of strong internal controls, employee training, and a culture of ethics and transparency. By taking a proactive approach to fraud prevention, companies can protect themselves and their customers from financial losses and reputational damage.

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Assume that the market for soybeans is purely competitive. Currently, firms growing soybeans are earning positive economic profits. In the long run, we can expect Multiple Choice new firms to enter, causing the market price of soybeans to fall. new firms to enter, causing the market price of soybeans to rise. some firms to exit, causing the market price of soybeans to fall. some firms to exit, causing the market price of soybeans to rise.

Answers

Answer:

I don't understand what the question is supposed to be?

Macroeconomics is the branch of economics that focuses on:
A. comparing the lifestyles of poor and wealthy citizens.
B. economic principles affecting entire countries.
C. helping people find jobs when they're unemployed.
D. financial problems affecting individual families.

Answers

Answer:

B. economic principles affecting entire countries.

Explanation:

Macroeconomics is the part of economic studies that studies the economy of a country as a whole. In this branch of economics, the aggregate income, growth, expenditure and inflation are considered. The performance of the entire economy is measured under macroeconomics. National income, Gross domestic product, inflation and unemployment fall under the macroeconomic studies.

Answer:

economic principles affecting entire countries

Explanation:

i took the test

what is a significant difference between two-way and one-way models of public relations?

Answers

The main difference between two-way and one-way models of public relations is that in a one-way model of public relations, the people only need to receive the message while the two-way involves receiving and sending feedback.

It should be noted that the one-way models of public relations involve the use of a single key such that people only receive the message.

On the other hand, the two-way model of public relations involves receiving and sending feedback. It is persuasive communication that's used to influence the attitude of people.

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