Answer:
Inventory turnover= 6.7
Explanation:
Giving the following information:
cost of goods sold= $10,351,500
The average inventory for the year amounted to $1,545,000.
<u>To calculate the inventory turnover, we need to use the following formula:</u>
Inventory turnover= Cost of goods sold/ average inventory
Inventory turnover= 10,351,500 / 1,545,000
Inventory turnover= 6.7
Answer:
Segregation of duties
Explanation:
Internal Controls are set of rules and guidelines that are followed to ensure effectiveness of business operations. The main risk in the business is weak internal controls. There are some organizations with strong internal controls but implementation of such controls is a challenge for organizations. There are human errors, IT security risks, fraud and compliance risk.
The risks associated with Olive limited is that there is no segregation of duties, Richard Palm is preparing journal vouchers, posts the journal vouchers and reconciles the balance himself. If he makes an error in recording a transaction there is no one who reviews his work and can identify an error. Also if Richard is involved in a fraud and collaborates with purchase department or sales department staff, he can pass a transaction without any supervision.
Answer:
It is defined as an ability of an individual to use digital platforms like various social medias and internet efficiently and effectively.
Explanation:
Digital literacy can be understood as an ability of a person to search, calculate and create various information through various digital platforms such as on a computer or with the help of the Internet. Initially, digital literacy of a person was only examined by their ability to use the computer, but now, with the advent of the internet and social media, the ability to use the internet and social media both on computers as well as on mobile phones are considered as complete digital literacy.
Answer:
you queastioncove its better
Explanation: