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2 years ago

In a properly designed internal accounting control system, the same employee should not be permitted to:

1 answer:

8 0

In a business world, segregation of duties is important to have a sound internal control. The employee handing cash/check collection is prohibited from updating its customer's subsidiary ledger and recording of transactions in the books. This will eliminate fraud and misappropriation of funds.

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When you lease a car, you never have to worry about the number of miles you drive

vivado [14]

Answer:

False

Explanation:

Generally, a lease limits the number of miles allowable to drive in a year, which is between 12,000 and 15,000 miles. Exceeding the lease limit will result in large charges that may be up to several thousands of dollars

Therefore, it is important to be cautious on the amount of driving done when a car is leased and if needed, more miles can be pre-purchased before the lease agreement is signed

6 0

2 years ago

"what is south korea's opportunity cost of producing one digital camera"

dalvyx [7]

"what is south korea's opportunity cost of producing one digital camera?"

A: 20lbs of wheat.

7 0

2 years ago

For insurance purposes, an unfurnished house is considered ____________ because no one is living there.

mash [69]

Answer:

The correct answer is letter "A": Vacant.

Explanation:

Vacant homes are properties empty, meaning without personal belongings inside. Insurance companies offer policies under this scenario overall during the period when the owner is renting or selling the property, will travel, is on vacation, receiving medical treatment or renovating part of the property.

5 0

2 years ago

Milltronics Industries has 2,900 defective units of product that have already cost $14.90 each to produce. A salvage company wil

sergiy2304 [10]

Answer:

Incremental income is $34,220.00

Explanation:

Amount in $

Number of defective units (a) 2,900.00

Cost of production per unit (b) 14.90

Total cost of production (c = a x b) 43,210.00

Proceed from sale of defective product per unit (d) 5.90

Sale of defective product (e = d x a) 17,110.00

Additional cost for correction of defect (f) 5.10

Cost for correction of defect (g = f x a) 14,790.00

Selling price per unit after correction of defect (h) 22.80

Sales after correction of defect (i = h x a) 66,120.00

Incremental Income from sale (j = i - g - e)  34,220.00

5 0

2 years ago

The money demand curve is _____ because the opportunity cost of holding money is _____ related to the interest rate.

marshall27 [118]

The money demand curve is downward-sloping because the opportunity cost of holding money rises in relation to the interest rate.

5 0

2 years ago