The internal control procedure that would prevent an employee from being paid an inappropriate hourly wage is option D) limiting access to employee master files to authorized employees in the personnel department.
Option A suggests having the supervisor verify the hours entered into the system, which can help identify errors or discrepancies but may not specifically prevent an inappropriate hourly wage from being paid.
Option B suggests real-time posting of payroll to prevent after-the-fact manipulation of the payroll register. While this helps ensure the accuracy of the payroll data, it does not specifically address inappropriate hourly wage payments.
Option C suggests giving payroll data entry clerks the ability to change suspicious hourly pay rates to a reasonable rate. This control introduces the risk of potential manipulation and does not provide a safeguard against inappropriate wage payments.
Option D, limiting access to employee master files to authorized employees in the personnel department, is the most effective internal control procedure to prevent an employee from being paid an inappropriate hourly wage. By restricting access to authorized personnel, the organization can ensure that only authorized individuals with proper oversight and knowledge are able to modify employee wage rates.
Among the given options, option D is the most appropriate internal control procedure to prevent an employee from being paid an inappropriate hourly wage. Limiting access to employee master files to authorized personnel in the personnel department helps safeguard against unauthorized changes to wage rates and ensures proper oversight in managing employee compensation.
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Which of the following choices incur speculative risk?
a.stocks
b.fire insurance on a house
c.options
d.life insurance
e.high interest savings account
Answer: correct option is A.
Explanation: A speculative risk can be defined as risk that is taken willingly either it results in profit or loss and the stocks involve in probability of gain and loss making it a speculative risk.
Stocks incur speculative risk. Therefore option A is correct.
What are Stocks?A stock usually referred to as equity, is a type of investment that denotes ownership in a portion of the issuing company. Shares, also known as units of stock, entitle their owners to a share of the company's assets and income in proportion to the number of shares they possess.
Common stock and preferred stock are the two primary categories of stocks.
Owners of common stock are entitled to dividends and the right to vote at shareholder meetings.
Common stockholders often do not have voting rights, while preferred stockholders typically get dividend payments ahead of time and are given preference over common investors in the event of a firm bankruptcy and asset liquidation.
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Mark Ltd investigates budget variances on a quarterly basis. The following data is provided to you. • Estimated total sales: April $ 55,000 and May $ 50,000 • Cash sales are estimated to be 25% of total sales. Debtors are expected to pay 60% in the month of sale and 35% in the month after the sale. • Estimated purchases: April $30,000 and May $ 36,000 • All purchases are to be on credit and are to be paid for in the month following the purchase. Purchases for March were $22,000. Estimated operating expenses are: Transport expenses paid in cash 15% of total sales. • Office salaries paid in cash: April $9,000, May $11,600. • Depreciation is charged at 25% per annum on new equipment purchased for $150,000 in April. The equipment was purchased on credit in April and will paid for in May. Other information: • The owner contributed $75,000 as the opening balance of cash for the business in April. • The owner intends withdrawing $3,000 per month for private use. • The company wants to maintain a minimum cash balance of $25,000 and has set up a line of credit at the local bank that can be used to cover any shortage Required: (a) Prepare a cash budget for the two months April and May. (13 marks) (b) List two problems that may be encountered in preparing a budget. (2 marks)
(a) Cash Budget for April and May:
Estimated Total Sales:
April: $55,000
May: $50,000
Cash Sales (25% of total sales):
April: $55,000 * 25% = $13,750
May: $50,000 * 25% = $12,500
Debtors' Collections:
April: $55,000 * 60% = $33,000 (expected to be paid in the month of sale)
May: $50,000 * 35% = $17,500 (expected to be paid in the month after the sale)
Total Cash Inflows:
April: Cash Sales ($13,750) + Debtors' Collections ($33,000) = $46,750
May: Cash Sales ($12,500) + Debtors' Collections ($17,500) = $30,000
Estimated Purchases:
April: $30,000
May: $36,000
Payments for Credit Purchases (paid in the month following the purchase):
April: $30,000 (purchases for April)
May: $36,000 (purchases for May)
Operating Expenses:
Transport Expenses (15% of total sales):
April: $55,000 * 15% = $8,250 (paid in cash)
May: $50,000 * 15% = $7,500 (paid in cash)
Office Salaries (paid in cash):
April: $9,000
May: $11,600
Depreciation:
New Equipment purchased for $150,000 in April with a depreciation rate of 25% per annum:
Monthly Depreciation: ($150,000 * 25%) / 12 = $3,125 (starting from April)
Other Information:
Opening Cash Balance in April: $75,000
Private Withdrawals: $3,000 per month
Minimum Cash Balance: $25,000
Cash Budget:
April May
Cash Inflows
Cash Sales $13,750 $12,500
Debtors' Collections $33,000 $17,500
Total Cash Inflows $46,750 $30,000
Cash Outflows
Credit Purchases $30,000 $36,000
Transport Expenses $8,250 $7,500
Office Salaries $9,000 $11,600
Depreciation $3,125 $3,125
Private Withdrawals $3,000 $3,000
Total Cash Outflows $53,375 $61,225
Net Cash Flow ($6,625) ($31,225)
Opening Cash Balance $75,000 $68,375
Minus: Minimum Balance ($25,000) ($25,000)
Available Cash Balance $49,
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if an organization asks you to disclose your social security number, but decides to use it for a different purpose than the one stated in the organization's privacy policies, the organization has likely violated which of the generally accepted privacy principles?
If an organization asks you to disclose your social security number and decides to use it for a different purpose than the one stated in the organization's privacy policies, the organization has likely violated the principle of purpose specification.
Purpose specification is a fundamental privacy principle that requires organizations to be transparent about the purpose for which personal information is collected, used, and shared. This principle requires organizations to obtain informed consent from individuals before collecting and using their personal information, and to use the information only for the specific purposes for which it was collected. If an organization uses personal information for a purpose other than the one for which it was originally collected, without the individual's consent, it is a violation of this principle and may be illegal in some jurisdictions.
In this scenario, if an organization collected an individual's social security number for a specific purpose and then used it for a different purpose, the organization would likely be in violation of the principle of purpose specification. This could result in a loss of trust and damage to the organization's reputation, as well as potential legal consequences, such as fines or lawsuits.
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Please give the answer to question one
Answer:
A
Explanation:
A is the answer to the question
The title of this talk is “Profit’s Not Always the Point.” But do you think profit is an added perk for companies that make the effort to promote positive social change? Explain.
yes, no matter what company say, they need money for funding for "social change"
true or false: like the corporate valuation model, the fcfe model can be applied only when the capital structure is constant.
True, like the Corporate Valuation Model, the Free Cash Flow to Equity (FCFE) Model can be applied only when the capital structure is constant.
The FCFE Model is used to value a company by estimating the cash flows available to equity holders after accounting for all expenses, reinvestment needs, and debt payments. A constant capital structure means that the proportion of debt and equity financing remains the same over the valuation period. Both the Corporate Valuation Model and the FCFE Model rely on the assumption of a constant capital structure, as this simplifies the calculations and ensures that the models accurately capture the effects of financing choices on the company's value. If the capital structure changes significantly over time, these models may not provide accurate valuations since the underlying assumptions will no longer hold true.
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1. What is the annual percentage rate (APR) for this credit card?
2. For cash advances what is the APR?
3. What three things would move the APR for the balance on this credit card to 28.99%?
4. What is the annual fee that customers are charged for holding this credit card?
5. If you decided to transfer the balance from another credit card to this credit card, what would be the fee charged?
a. What would be the APR charged for the transferred balance?
6. What is the fee for a cash advance?
7. If you use this credit card in a foreign country, what would be the fee on each transaction you made in the foreign country?
8. If you are late on making a payment, what would be the fee charged?
9. What would be the fee charged if you went over your credit limit?
Answer:
1. For purchases, the APR during an introductory period is either 8.99% or 10.99% or 12.99% depending on creditworthiness. After the introductory period the APR is 14.99%
2. Cash advance monthly rate changes based on what the Prime Rate is that month + 14.99% so if the prime rate is 3, add 14.99 to that so 17.99% of the amount received in cash. So if you take $200 cash advance, the amount charged at 17.99% would be 0.1799 x 200 =$35.98.
3. If the card holder does any of the following: makes a late payment, goes over their stated credit limit, make an account payment that is returned, or commit the afore mentioned acts on another account held by this same creditor the APR is then increased to 28.99%.
4. The annual fee charged for the credit card is $20.
5. The fee for a balance transfer is Either $5 or 3% of the amount that is transferred or $100 (whichever is greater) to this card from another account.
a. The APR charged for a balance transfer is 15.99%, but would vary based on the market Prime Rate.
6. Fee for cash advance is $5 or 3% of the amount of cash advance taken - whichever amount is largest.
7. 2% of the amount charged (in US dollars) in a transaction.
8. A late fee of $25 will be charged on an account with a balance of $999 or less. If the account balance if over $1000 the late fee of $35 will be charged and the APR will increase to 28.99%.
9. A fee of $29 is charged for accounts that exceed the credit limit in addition to an APR increase to 28.99%
Explanation: explanations are with the answers listed above.
Which two are benefits of equity funding? (Choose two)
1. Loan payments are predictable; they do not change with the fortunes of the business.
2. Can be used to raise working capital.
3. Investors do not get paid if the business does not make a profit.
4. Loan payments can be set up so they match seasonal sales of the business.
5. Investors have no say in the management or direction of the business.
The benefits of equity funding are it can be used to raise working capital.
Investors do not get paid if the business does not make a profit. Option 2 and option 3 are appropriate response.
What is equity funding?
The practice of raising money through the selling of shares is known as equity funding. Companies raise money to pay expenses in the short term or because they have a long-term objective and need money to invest in their expansion.
A firm effectively sells ownership in their business when it sells equity shares in exchange for money. There are two methods of equity funding: the private placement of stock with investors and public stock offerings.
Equity funding is used when companies, have a short-term need for cash. It is used to raise working capital. It carries no repayment obligation, investors are only paid when the business is profitable.
Hence option 2 and option 3 are correct response.
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The importance of Administration functions
The core of any company or organization is its administration. They are a group of actions that support the systematic and efficient management and coordination of an organization's many operations.
The importance of administration is -
1. The planning - The main function of administration is planning the goal, and objective and guiding the people of the team for the fulfillment of the objective. Through the planning method, the administrator can plan the number of resources going to be used in fulfillment of the objective.
2. Organizing - This involve the delegation of work to people and clearly defining their roles for the work which has to do.
3. Staffing - It involves the function of hiring, training, and retaining the employees of the organization.
In summary, the functions of administration play a crucial role in the success of any organization.
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enter mia's total profit/loss for the month in the box below then click submit
Answer:
350
Explanation:
Add 9000 + 200 = 9200
Then you do 9550 - 9200 = 350
Answer:
350 he is right
Explanation:
7.
are people who assume the risk of business ownership.
Entrepreneurs
General partners
Limited partners
Sole proprietors
What is the marginal revenue and marginal cost for this diagram?
What type of market is this? Explain your answer
Marginal revenue :
2060120200300420560Marginal cost :
108210192640It is a Monopolistic market structure because marginal revenue is greater than the marginal cost.
Marginal Revenue is the increase in the revenue by selling one extra product in the market. It is calculated by the Change in revenue divided by the change in output.
Marginal cost is the change in cost by producing one extra unit of output. It is calculated by a change in cost divided by the change in units.
Monopolistic market structure is where there are multiple companies producing similar products in the market.Example for monopolistic structure can be a grocery store.
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Question 8 of 10 Which choice best describes differences in corporate decision-making between the United States and the European Union? O A. Workers in the European Union are usually more involved in corporate decision-making. OB. Workers in the United States are usually more involved in corporate decision-making. OC. Workers in the European Union are involved less in decisions over labor. O D. Workers in the European Union are usually less active in trade unions.
The involvement of employees in corporate decision-making is often higher in the European Union, which highlights the disparities between corporate decision-making in the two regions.
What is meant by corporate decision-making?Corporate decision-makers are experts who select options from a variety of options in order to accomplish an organization's objectives and address problems. After choosing the appropriate course of action for their circumstance, they acquire information, assess the available evidence, and take action.
In most cases, the shareholders of a private corporation with many shareholders will either vote on a resolution during a shareholders' general meeting or by written resolution of the shareholders.
Organizations must choose actions that will maximize short-term results and avoid long-term dangers if they want to be competitive and thrive. Making strategic decisions reveals a company's future prospects and the options that can be put into practice to achieve success.
Therefore, the correct answer is option A. Workers in the European Union are usually more involved in corporate decision-making.
The complete question is:
Which choice best describes differences in corporate decision-making between the United States and the European Union?
A. Workers in the United States are usually more involved in
corporate decision-making.
B. Workers in the European Union are involved less in decisions over labor.
C. Workers in the European Union are usually more involved in
corporate decision-making.
D. Workers in the European Union are usually less active in trade unions.
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anybody got food stamps
Answer: yeah, I do. Also, Happy holidays! or in Hawaiian we say Mele Kalikimaka which means Merry Christmas! I'm part Hawaiian.
Why is fashion designer Kira's Plasinina father important
a. He is a businessman who helped her achieve her goals .
b. He liked her drawings .
c. He funded her ventures.
d. He was her inspiration
How does scarcity of resources affect the nations of the world?.
Answer:
Development work will be less
public will be less
many population of people may loss their life
will suffer from different diseases
Explanation:
......
the marketing emphasis of a company pursuing a broad differentiation strategy usually is to
The marketing emphasis of a company pursuing a broad differentiation strategy is to create an image of the company as the best in its industry by offering unique and superior products and services.
Broad differentiation is a strategy where a company offers unique and superior products or services to a wide range of consumers. A company that implements this strategy aims to create a competitive advantage that will differentiate it from its competitors by offering unique features or benefits.
The marketing emphasis of a company pursuing a broad differentiation strategy usually is to create an image of the company as the best in its industry by offering unique and superior products and services. To do this, the company must focus on creating a strong brand identity, promoting the quality and uniqueness of its products or services, and targeting a wide range of consumers.
Additionally, the company may use advertising, public relations, and other promotional tactics to create awareness of its brand and products and to position itself as a leader in the industry.
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An item is regularly priced at 70$. It is on sale for 20% off the regular price. What is the sale price?
ITS 7TH GRADE MATH BTW!
Answer:
it's 56.
Explanation:
70*0.8=56
a(n) ____ has been appointed to investigate the pending merger of your company and the tyrell corporation.
a) ad hoc committee
b) task force c) standing force d) standing committee e) grievance committee
d) A standing committee has been appointed to investigate the pending merger of your company and the Tyrell Corporation.
Committee with a continued existence, formed to do its assigned work on an ongoing basis. Budget and finance committees generally are standing committees. See also ad hoc committee. Many publicly traded companies, both large and small, use a standing committee inorder to best deliver good results for the companies shareholders.
Pending Mergers means the mergers, consolidations or similar winding up of certain subsidiaries (the “Pending Merger Subsidiaries”) of the Issuer with an into certain Guarantors as to which a certificate of merger (or other document, instrument or filing to effect such merger, consolidation or winding up) was filed prior to the date of the Offering Memorandum.
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1. Prepare the journal entries for Star Inc. For the month of December: 12/2 Purchased $20,000 of merchandise from Tang Corp., terms 1/20, n/40; FOB shipping point 12/3 The appropriate party paid $150 for shipping costs related to the 12/2 transaction 12/6 Returned $2,000 of merchandise to Tang Corp for credit 12/10 Sold $500 of merchandise to R. Smith, terms 2/10, n/30; cost of merchandise was $120; FOB shipping point 12/11 The appropriate party paid $20 for shipping costs related to the 12/10 transaction 12/18 Received the balance due from R. Smith 12/21 Paid Tang Corp the balance du
Answer:
1.Purchases (Dr.) $20,000
Accounts Payable (Cr.) $20,000
2.Shipping cost (Dr.) $150
Cash (Cr.) $150
3.Purchase return (Dr.) $2,000
Purchases (Cr.) $2,000
4.Account Receivable (Dr.) $500
Sales (Cr.) $500
5.Freight expense (Dr.) $20
Cash (Cr.) $20
Explanation:
The journal entry at the time of purchase will be recorded as accounts payable for complete invoice amount and discount is not incorporated in the entry because it is not realized. The adjusting entry will be recorded when the discount is availed to adjust the transaction and reflect the discount effect in the book of accounts.
federal reserve board chairmen paul volcker, as well as later fed chairs, focused on which of the following as their main goal of monetary policy?
The main goal of monetary policy under the leadership of Paul Volcker and later Federal Reserve Chairs was to maintain price stability and control inflation.
Volcker, in particular, implemented a tight monetary policy in the early 1980s to combat double-digit inflation rates. He raised interest rates to unprecedented levels, causing a recession but ultimately succeeding in reducing inflation. Later Fed Chairs, such as Alan Greenspan and Ben Bernanke, continued to prioritize price stability as a key objective of monetary policy. They also expanded the focus to include maintaining maximum employment and stable economic growth.
The Fed uses various tools to achieve these goals, including adjusting interest rates, regulating the money supply, and providing guidance to financial markets.
Overall, the long-term success of the Fed's monetary policy depends on maintaining a delicate balance between promoting economic growth and stability while also controlling inflation.
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the cost of equipment is often recognized over its useful and recorded on the income statement as
The cost of equipment is often recognized over its useful and recorded on the income statement as Depreciation.
Initially, the cost of purchasing equipment is not shown on the revenue statement. Instead, it is shown as a rise in the line item for fixed assets on the balance sheet.
The cost a piece of equipment incurs while in use is known as an equipment expense. Depreciation is one expense related to the equipment. Equipment expenses are categorized under operating expenses since depreciation is reported as an equipment expense on an income statement.
Thus, it is Depreciation.
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The likelihood that political forces will cause drastic changes in a country's business environment and adversely affect the potential for a company to make a profit is called a _____ risk
The likelihood that political forces will cause drastic changes in a country's business environment and adversely affect the potential for a company to make a profit is called a political risk
Political risk is the risk that an investment's returns will suffer as a result of a country's political changes or instability. Changes in legislative bodies, government, other foreign policymakers, or military control could all result in investment return volatility. Political risk, also recognized as "geopolitical risk," becomes a greater factor as the investment time horizon lengthens. They are categorized as a type of jurisdiction risk.
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(b Who is likely to pay lower taxes for the same level of income : A homeowner who pays $ 1,000 per month on a mortgage loan or a renter who pays $ 1,000 a month in rent ?
Answer:
The renter
Explanation:
The renter will not be taxed as the property in which he or she is staying is not his or her ownership. The government of most of the nations see the renter as a marginalized individual in relation to a home owner. The homeowner have to pay the taxes on the propriety, however, there will be deduction on such payments. Hence the renter will pay a lower tax.
On October 15, 2020, the board of directors of Ensor Materials Corporation approved a stock option plan for key executives. On January 1, 2021, 28 million stock options were granted, exercisable for 28 million shares of Ensor's $1 par common stock. The options are exercisable between January 1, 2024, and December 31, 2026, at 90% of the quoted market price on January 1, 2021, which was $10. The fair value of the 28 million options, estimated by an appropriate option pricing model, is $6 per option. Ensor chooses the option to recognize forfeitures only when they occur.
Ten percent (2.8 million) of the options were forfeited when an executive resigned in 2022. All other options were exercised on July 12, 2025, when the stock’s price jumped unexpectedly to $26 per share.
Answer:
On October 15, 2020, the board of directors of Ensor Materials Corporation approved a stock option plan for key executives. On January 1, 2021, 28 million stock options were granted, exercisable for 28 million shares of Ensor's $1 par common stock. The options are exercisable between January 1, 2024, and December 31, 2026, at 90% of the quoted market price on January 1, 2021, which was $10. The fair value of the 28 million options, estimated by an appropriate option pricing model, is $6 per option. Ensor chooses the option to recognize forfeitures only when they occur.
Ten percent (2.8 million) of the options were forfeited when an executive resigned in 2022. All other options were exercised on July 12, 2025, when the stock’s price jumped unexpectedly to $26 per share.
What amount should halloran report for accounts receivable, before allowances, at december 31, 2021?
The amount is $970,000. Amount of money owed to a business for delivered or used but unpaid goods or services is known as accounts receivable . The balance sheet classifies accounts receivable as a current asset. Accounts receivable is the term used to describe any unpaid invoices or cash that customers owe a business.
Term describes accounts that a company is entitled to since it has provided a good or service. Receivables, also known as accounts receivable, are a company's line of credit that often have terms that call for amount to be made within reasonably short period of time.
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Describe an example of an equity investment that can also produce income. (1-3 sentences)
The most prevalent sort of equity income investing is stocks. Companies typically pay dividends to reward shareholders, attract investor money, and boost share prices when they have limited investment alternatives and extra cash.
state the law of demand
Answer:
In microeconomics, the law of demand is a fundamental principle which states that there is an inverse relationship between price and quantity demanded. .
Explanation:
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Sometimes a liquid can be sitting there and its molecules will become a gas. That’s called
___________________________________________.
Answer:
Una vez que toda la sustancia está en estado líquido, al continuar calentando vuelve a subir la temperatura y llega un momento en que las fuerzas intermoleculares ya son incapaces de mantener juntas las moléculas del líquido, por lo que éste hierve y se convierte en un gas, se produce la ebullición.
Please help. Atleast the top 2
Answer:
Number 1 is Pure Market. Number two is socialist, I'm pretty sure.
Explanation:
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