Answer:
Weakness 1 is signed paper are not stored in safe and secured location.
Weakness 2 is approval is not taken from any manager or person before purchasing the item from customers.
Explanation:
The store should keep a track in the system for the purchase of items from its customers. The store should get approval before purchasing the product and the cash dealing should be assigned to designated person who will be responsible for the payment to its customers. This will reduce chances of fraud as the cash will be handled by only one person and tracking will be easy.
Answer:
An asset exchange transaction which increases the cost of the purchased merchandise.
The firm gives the transportation company money (which is an asset) and since the transportation costs are included in the cost of the merchandise, the firm is paying a fraction of the cost of the asset.
When you are calculating the purchase cost of goods you must include the price of the goods, transportation costs, and any other associated expense like insurance costs and import fees, etc.
Transportation costs are only included in the COGS when the firm acquires the goods, but when the firm sells the goods, any distribution cost is not included under production costs, instead they are included under the sales costs.
Answer:
$416
Explanation:
Washing Machine price = $400
Inflation Rate = 4%
So, Price Rise = (4/100) x 400
= $16
New Raised Price after Inflation = Old Price + Price rise due to inflation
= 400 + 16
= $416
Answer:
Simple rate of return on Investment = 6.34%
Explanation:
As per the data given in the question,
Initial investment = $804,600
Realisable value = $22,400
Net cash flow = $804,600 - $22,400
= $782,200
Annual income:
Net income = Cash savings - Depreciation
= $139,000 - $89,400
= $49,600
Simple rate of return on Investment = Net income ÷ Net cash flow
= $49,600 ÷ $782,200
= 0.0634
= 6.34%
LIFE INSURANCE.
Health insurance that provides payments to the insured in the event that the insured's income is interrupted by illness, sickness, or accident.
The term has a benefit of bearer being secured due to accidental sickness or death. it has certain obligations where uninterrupted payment of installments is to be done within specified period of time and the insured get the amount at the time of event that are been insured if happens.
Life survivors take care of the beneficiaries, financial event of sickness or emergency and atleast the income will not interrupt and can provide best of all treatments without any payment delays.
To learn more about health insurance here,
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