True - Sending the treasurer with the cheque to be deposited and the accounting department with the remittance advices will help maintain tight controls over cash receipts.
To stop money from being mishandled and to protect assets, there needs to be strong internal controls. They safeguard the staff members who handle the money as well as the university. Up until they may be deposited, keep cash and checks in a secured, secure location. The location should only be accessible to those who have been given special permission. Any keys should be retrieved or combination changes made if someone with custody responsibility quits their post. Keep in mind that you are liable for any cash or checks that are in your possession.
Make deposits on time. The likelihood of theft or money loss decreases the faster cash and checks can be deposited. Deposits must ideally be made within 24 hours. Deposits can be made weekly if the sums are small (less than $100).
On a monthly basis, confirm the deposit by agreeing Cash Operations deposit slip to the general ledger. Daily balancing of cash registers and credit card readers is required. Over/under amounts need to be watched carefully. It is recommended to keep a dated and signed record of the reconciliation.
A printed recognition of the sum of money received during a transaction involving the transfer of cash or cash equivalents is known as a cash receipt. The vendor gives the consumer the original copy of the cash receipt, keeping the other copy for accounting needs.
Cash receipts are the amounts of money (cash) that you receive from your clients. These boost the amount of cash that is recorded on a company's balance sheet. Sales or collections can be the source of their production. It can be difficult to comprehend the concept of cash receipts.
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The phrase ___________ conveys the idea of voluntary but determined efforts to improve leadership skills.
The phrase 10 percent stretch conveys the idea of voluntary but determined efforts to improve leadership skills.
What are leadership skills?You use leadership abilities when coordinating with others to accomplish a common goal. As a manager or project manager, you must have the ability to inspire others to finish a list of duties, frequently on time. Leadership is a blend of numerous diverse skills working together, not simply one skill.
A successful leadership team is crucial to every firm. They can aid in creating effective teams inside an organization and guarantee that initiatives, projects, and other job tasks are carried out properly. Anybody really can grow into a strong leader by acquiring the proper techniques for developing and honing their leadership qualities. Great leaders possess excellent communication and interpersonal skills.
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who has an absolute advantage in coffee production? who has an absolute advantage in nut production?
The country called "Brazil" is the one that has an absolute advantage in coffee production because of its location that is near the equator, climate, and local expertise.
What is an absolute advantage?It refers to the economic concept that is used to refer to a party's superior production capability. That is, it refers to the ability to produce a certain good or service at lower cost (efficiently) than another party.
Hence, due to the favorable factors, Brazil is able to efficiently produce coffee beans; thereby, making it the largest producer of coffee in the world.
Therefore, he country called "Brazil" is the one that has an absolute advantage in coffee production
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3. use porter’s diamond model of national advantage to explain why an emerging market such as indonesia would be expected to experience great difficulty in achieving global competitiveness in a new industry sector such as smartphones or hybrid electric–gasoline automobile engines.
According to Porter's Diamond model, a country needs to have four different types of factors in order to succeed abroad.
Demand and conditions are one of those elements; Indonesia needs more customers who want higher-quality items as well as more modern factors like telecommunications and transportation networks.
A model developed to describe how governments might function as catalysts to boost a country's position in a highly competitive international economic environment is the Porter Diamond, which is more accurately known as the Porter Diamond Theory of National Advantage. It aims to make it easier to comprehend how particular factors that nations or groups have at their disposal provide them a competitive edge.
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Both physical and occupational therapists must possess the professional credential of?
Both physical and occupational therapists must possess the professional credential of licensure
This is further explained below.
What is licensure?Generally, A limited practice or a limitation on the use of an occupational title that requires a license both fall under the umbrella term of "licensure." Before engaging in a certain activity, such as driving a vehicle on public highways, one is required to get a license that was issued in accordance with a "practice act."
In conclusion, Occupational therapists and physical therapists alike are required to have a valid license in order to practice professionally.
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How much would $20,000 due in 50 years be worth today if the discount rate were 7. 5%?.
Answer: 6y7y7im
Explanation:
Which accounting assumption states that financial statement elements should be measured in terms of the united states dollar for u.s financial reporting?
The monetary unit accounting assumption states that financial statement elements should be measured in terms of the United States dollar for U.S. financial reporting.
What is financial?
The term financial refers to borrowing money to go through tough times, saving money, and investing money. Finance is the provision of funds for credit against anything.
The financial statement elements can be the measured in the in terms of the United States dollar for U.S. financial transaction as the measured in the monetary unit accounting.
As a result, the monetary unit accounting assumption states that financial statement.
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the best way to manage a diverse workplace is to do everything possible to minimize or eliminate differences.
False, minimizing or eliminating differences is not the best way to manage a diverse workplace.
What is effective management?Effective management can help a company achieve both its short-term and long-term objectives as long as it also works to actualize its vision.
In addition to encouraging your workers to perform better, a successful manager will make sure they are happy and treated with respect. There is no one "right" management style because everything is subjective to each person's perspective.
However, there are several unbreakable rules that help to improve managerial performance and effectiveness. to acquire managerial skills that are the most effective.
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which of the following are indirect costs for the finishing department of a furniture manufacturer? (check all that apply.)
The given indirect costs for the finishing department of the furniture manufacturing plant are
-Electricity cost for the plant-Plant manager's salary-Rent on the manufacturing facilityWhat are indirect costs?The term indirect costs are the costs that are accrued to dong business which may not actually be due to the fact that there is an expense of doing business. These are the types of costs that are not easily identified to be under contract , and activity or to be based on any particular grant but they are necessary activities that would help to see the operation of the business is running smoothly.
In the finishing department of the furniture manufacturing plant the indirect costs for the business would have to be the following:
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Complete question
which of the following are indirect costs for the finishing department of a furniture manufacturing plant?
-Electricity cost for the plant
-Plant manager's salary
-Rent on the manufacturing facility
In its first month of operations, a company’s cash account has total debit entries amounting to $27,500 and total credit entries amounting to $24,900. At the end of the month, the cash account has a.
$2600 Debit balance
In the first month of operations, company's have zero balance. After the posting of different entries , some accounts balances got settled automatically but some accounts needs to be settled to know the balance in the end of the month.
Cash account debit means increase in cash or incoming of cash whereas credit means decrease of cash or outflow of cash from the organization.
In the end of the month debit balance is $27500 and credit balance is $24900 therefore account balance is $27500-24900 = $2600 debit.
When the account debit balance exceeds the credit balance, the account has debit balance.
This process is known as balancing of general ledger.
Balancing of account means finding difference between the debits and credits , which means for balance of ledger all debits must be equal to all credits.
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Describe what management is, why management is important, what managers do, and how managers utilize organizational resources efficiently and effectively to achieve organizational goals?
The utilization of an organization's resources to accomplish its objectives is the responsibility of management. An organization is a group of individuals who collaborate and plan their actions in order to achieve a wide range of objectives. Planning, organizing, leading, and regulating are the four main components of management.
What are the different levels of management?There are 3 levels of management:-
1. Top-level management
2. Middle-level management
3. Operational or lower-level management
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If you invest $100 in a Roth IRA and earn 5% per year for 3 years, how much would it be worth at the end of three years?
If you invest $100 in a Roth IRA and earn 5% per year for 3 years, after 3 years you will get amount of $116.
The word "invest" may be described as follows: Devoting time or different assets towards attaining a goal. Using cash or capital to shop for an asset with the wish that the cost of that asset will boom and provide you with the possibility to promote at a profit.
Investing is a powerful manner to place your cash to paintings and doubtlessly construct wealth. Smart making an investment might also additionally permit your cash to outpace inflation and boom in cost. The more increase capability of making an investment is in the main because of the strength of compounding and the risk-go back tradeoff.
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What is the primary measure that creditors use determine whether to give you credit, decide the terms you are offered, and the interest rate you will pay for a loan?.
The credit score can be defined as the primary measure that creditors use determine whether to give you credit, decide the terms you are offered, and the interest rate you will pay for a loan.
What is a credit score?The term credit score has to tell us that a person is doing either well or poorly based on the credit that they receive in the United States.
The credit score helps to tell us if a person is able to get the loan that they receive paid on time or if they are defaulters or the credits that they receive.
If it is law, such a person would have issues when they apply for new loan in the economy. But in a case that the score is high, they would still be able to apply for loans and be granted the loans.
Hence we can say that The credit score can be defined as the primary measure that creditors use determine whether to give you credit, decide the terms you are offered, and the interest rate you will pay for a loan.
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If+an+investment's+distribution+increases+by+3%+while+inflation+has+increased+by+3%,+what's+the+impact+on+the+investment's+purchasing+power?
The impact on the investment purchasing power will be 3% .
As investment increases by 3% and inflation also increases by 3% which has lowering effect on purchasing power, so we have,
Final price=103*97%
= 99.99%
So, effect on purchasing power of investment is = 103-99.9 %
=3.01%
Rising inflation has the ability to reduce the bond's future (fixed) coupon income's buying power, which reduces the bond's future fixed cash flows' current value. Given the cumulative effect of diminishing buying power for cash flows received in the distant future, accelerating inflation is harmful to longer-term bonds.
Your investment in bonds that have a fixed interest rate loses value as inflation rises. You can invest in government bonds that are adjusted for inflation risks to get around this.
A currency's purchasing power and range of available goods are diminished by inflation. Prices rise as a result of a loss of purchasing power.
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Price changes from year to year are not proportional, and consumers respond to these changes by altering their spending patterns. the problem this creates for inflation calculations is called:_________
Price changes from year to year are not proportional, and consumers respond to these changes by altering their spending patterns. the problem this creates for inflation calculations is called substitution bias. Substitution bias occurs when consumers alter their purchase behaviour in reaction to price changes.
According to economic theory, an increase in the price of a good causes buyers to reduce their purchases of that good and instead purchase a substitute with a lower price. One aspect of the bias is referred to as "substitution bias." The substitution bias is a flaw in the Consumer Price Index that causes it to overstate inflation since it does not account for the replacement effect.
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Market equilibrium works best in a perfect competition market. T Or F
This is true. Market equilibrium works best in a perfect competition market.
What is referred to as market equilibrium?The term has to do with the fact that the market is at the state where the quantity of goods demanded are the same as the quantity of goods that are supplied at the particular price in the market. This would help in the clearing of the market. This price is also called the market clearing price of the market.
Hence we can say that this is true. Market equilibrium works best in a perfect competition market.
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the weemow lawn service wants to start doing snow removal in the winter when there are no lawns to maintain. jeff and julie weems, who own the service, are trying to determine how much equipment they need to purchase, based on the various job types they have. they plan to work themselves and hire some local college students on a per-job basis. based on historical weather data, they estimate that there will be six major snowfalls next winter. virtually all customers want their snow removed no more than 2 days after the snow stops falling. working 10 hours per day (into the night), jeff and julie can remove the snow from a normal driveway in about 1 hour, and it takes about 4 hours to remove the snow from a business parking lot and sidewalk. the variable cost (mainly for labor and gas) per job is $12 for a driveway and $47 for a parking lot. using their lawn service customer base as a guideline, they believe they will have demand of no more than 40 homeowners and 25 businesses. they plan to charge $35 for a home driveway and $120 for a business parking lot, which is slightly less than the going rate. they want to know how many jobs of each type will maximize their profit.
The answer is We should maximize.
P = 23 x + 73 y
we should formulate constraints from the given data.
The first constraint is time limit, and the second is availability of jobs.
Time limitation:
Total of major snowfalls = 6
Assumption 1 :Snowfalls are at least two days apart
Days to remove them = 12 They work 10 hours per day i.e.,
Total hours per week = 120
Assumption 2 :10 hour per day work period is for both Jeff and Julie combined and not for each of them separately.
Time taken to remove snow from drive way = 1 hours
Time taken to remove snow from business parking lot = 4 hours
Total time taken by Julie and Jeff to work = 120 hours
Time constraint can be written as,
x + 4y <= 120
Demand Restriction:
Maximum no. of homeowners requesting for driveway snow removal = 40
Maximum no. of requests from business parking lot snow removal = 25. Demand constraints are,
x <= 40
y <= 25
The jobs can't be negative so additional constraints are
x >= 0
y >= 0
The shaded region is the area of interest also known as feasible region we need to check the points G,D,C, E to maximize profit.
Point x y P
G 0 25 1825
C 40 20 2380
D 20 25 2285
E 40 0 920
Profit will be greatest when x = 40 and y = 20.
The total profit = $2380.
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What is the total amount of actual manufacturing overhead cost incurred during the year?
The total amount of actual manufacturing overhead cost incurred during the year is $480,000
Total amount of actual manufacturing overhead cost incurred = Indirect labor + various manufacturing overhead costs
= 150000 + 330000 = $480,000
What is Manufacturing Overhead?
The total of all indirect costs incurred during the manufacturing of a product is known as manufacturing overhead (MOH) cost. Along with the expenses of direct materials and direct labour, it is included in the price of the finished product. The depreciation of equipment, wages paid to factory workers, and electricity used to operate the equipment are typically included in manufacturing overhead costs.A manufacturer's balance sheet, cost of products income statement, and cost of finished goods in inventory should all reflect production overhead in accordance with generally accepted accounting principles (GAAP).Because it's challenging to link manufacturing overhead costs to specific products, they're sometimes referred to as indirect costs. Based on a predetermined overhead absorption rate, these costs are added to the final productTo know more about Manufacturing Overhead visit:
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If corporations pays its executives an excessive amount relative to other employees and to what executives at its competitors are paid, this action is likely to be challenged as:_____.
If corporations pays its executives an excessive amount relative to other employees and to what executives at its competitors are paid, this action is likely to be challenged as unethical only.
Cash can be misappropriated while making payments to different members as explained below:
Recording false and fictitious cash purchases and pocketing the whole amount.
Recording of the cash purchase at the higher rate than the actual purchase amount and pocketing the difference amount.
Misappropriation of money which is shown as it is been paid to fictitious creditors for different purchases.
Misappropriation of money that is shown as having paid as wages in the wage-sheets by entering fictitious names of workers in the organization.
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prepare sterling’s journal entry to record the receipt of dividends on ldx stock on may 10 and november 12. 2. prepare sterling’s december 31 year-end adjusting entry to report its stock investments with insignificant influence at fair value. 3. sterling sells a portion of its ldx stock (for $550 cash that had cost $400) on january 3 of next year. prepare the entry for the sale of those stock investments.
The entry for the sale of those stock investments is:
Date Account title & explanation Debit Credit
10-May Cash 26000
Dividend Revenue 26000
12-Nov Cash 24000
Dividend Revenue 24000
31-Dec Fair adjustment value 3,000
Unrealized holding gains and losses - OCI 3,000
(To record adjusting entry)
3-Jan Cash 550
Gain on Sale of Investment 150
Investment 400
The fast solution is that when you buy a stock your cash is going to the vendor through an intermediary (the booking). the seller of the inventory is in all likelihood some other dealer or investor, but it may be any entity that transacts in shares.
An inventory charge can by no means virtually pass under zero. so you might not owe each person any money. You just may not have anything. If an enterprise is going out of business, it will in all likelihood have brilliant money owed that lenders will try and accumulate.
So are you able to owe money on stocks? sure, if you use leverage by using borrowing money from your dealer with a margin account, then you can grow to be owing more than the stock is worth.
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kaden is a new employee who doesn't feel confident in his job skills. to help him to learn the knowledge, skills, and behavior he needs, his company will provide him with .
As Kaden is a new employee who is not confident in his job skills the company will have to provide him with training.
Once a new employee joins an organization he will require training. The training is provided to the employee to make him understand how to go about his work. The training period will help the employees to increase the skills and knowledge he requires to finish their work. The culture or behavior that the employee requires will also be taught to him.
The training can be broadly divided into two types. the two types of training that can be provided to the employee to make him feel confident is on the job training and off-the-job training. On-the-job training involves the training that takes place in the place of work itself. Of the job training is the training that is done outside the floor of the office.
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When lowe's builds its home improvement stores in australia and other countries, this level of international business is called ______.
Answer:direct investment
Explanation:
At the point when Lowe's fabricates its home improvement stores in Australia and different nations, this degree of worldwide business is classified "foreign direct investment" (FDI).
Foreign direct investment alludes to the venture made by an organization from one country into business tasks situated in another country. For this situation, Lowe's, which is a U.S.- based organization, is straightforwardly effective money management its assets, capital, and mastery to lay out and work home improvement stores in Australia and different nations.
FDI permits organizations like Lowe's to extend their market presence universally, tap into new client bases, and make the most of learning experiences in unfamiliar business sectors. It likewise empowers the host nations to profit from expanded open positions, innovation move, and monetary improvement coming about because of the presence of a global company.
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a home improvement retail marketer is using a display campaign to build out his ads. what's a benefit that display campaigns can give him?
The benefits of Display campaigns can attain humans worldwide across millions of websites and apps, and on owned homes. This permits you to enlarge your attain past simply by searching.
Display campaigns can help you attain a relevant target market with visually enticing commercials as they browse hundreds of thousands of websites, apps, and owned properties to attain our marketing goals. A display campaign is one marketing campaign.
Display campaign ads are robotically generated from the construction blocks he gives, like headlines, descriptions, logos, and photos. His ad formats are lifted directly from his facts feeds, permitting him complete control over their length, placement, and display orientation.
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International business is the buying, selling, and trading of goods and services across national boundaries. True or false
It is true, international business is the buying, selling, and trading of goods and services across national boundaries.
The trade of goods, services, technology, capital, and/or knowledge across national borders and on a global or transnational scale is referred to as international business. It entails the exchange of goods and services between two or more countries. Economic resource transactions include the exchange of capital, skills, and people for the purpose of international production of physical goods and services such as finance, banking, insurance, and construction. Globalization is another term for international business.
To conduct business internationally, multinational corporations must connect separate national markets into a single global marketplace. Two macro-scale factors highlight the trend toward greater globalization. The first is to remove barriers to facilitate cross-border trade (e.g., free flow of goods and services, and capital, referred to as "free trade"). The second factor is technological advancement, particularly in communication, information processing, and transportation technologies.
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holding all other personal characteristics-such as age, gender, and income-constant, economists would expect that a. people with health insurance are less likely to be overweight than people without health insurance. b. people with health insurance are more likely to be overweight than people without health insurance. c. people with health insurance are equally likely to be overweight as people without health insurance. d. there is no correlation between having health insurance and being overweight.
Economics would predict that persons with health insurance are more likely to be overweight than people without health insurance, holding all other personal factors, such as age, gender, and income, constant.
Health insurance is a legal agreement that commits an insurer to covering all or a portion of a person's medical expenses in return for a premium. More specifically, health insurance often covers the insured's out-of-pocket costs for prescription drugs, medical procedures, and occasionally dental care. Health insurance can either pay the healthcare provider directly or compensate the insured for costs related to illness or damage. As a means of luring quality workers, it is frequently offered by employers as a benefit package, with premiums partially covered by the company and frequently withdrawn from employees' paychecks.
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Just-in-time systems are considered part of which primary activity in the value chain?
Just-in-time systems are considered part of inbound logistics in the value chain.
Value chain - A value chain is used to describe all of the business activities required to create a product from beginning to end (e.g., design, production, distribution, and so on). A value chain analysis provides businesses with a visual representation of these activities, allowing them to identify areas where they can cut costs. You can use this analysis to gain a competitive advantage, improve efficiency, and increase profit margins.
The value chain framework includes five primary activities: inbound operations, operations, outbound logistics, marketing and sales, and service, as well as four secondary activities: procurement and purchasing, human resource management, technological development, and company infrastructure.
When a company conducts a value chain analysis, it identifies its primary and secondary activities and sub activities and evaluates the efficiency of each point. A value chain analysis can reveal value chain linkages, dependencies, and other patterns.
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Which of the cobit p09 control objecti ves is a strategic plan for risk management that encompasses the entire organization?
There are four main risk management strategies or risk treatment options is risk acceptance.
ISIAC is the name of the organization that clearly outlined and described the COBIT P09 risk management framework.
The COBIT framework stresses regulatory compliance, allows companies to get more value from IT, and helps align IT with the goals of the business to enable organizations to manage risk more effectively.
Organizations need to understand that COBIT 5 is an end-to-end framework that considers the optimization of risk as a key value objective. COBIT 5 considers governance and management of risk as part of the overall governance and management of enterprise IT.
Disclaimer:- your question is incomplete, please see below for the complete question.
Which of the cobit p09 control objecti ves is a strategic plan for risk management that encompasses the entire organization?
A. Risk acceptance.
B. Risk transference.
C. Risk avoidance.
D. Risk reduction.
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boeing's rationale for outsourcing so much production to foreign suppliers is based on which two factors, according to the text? multiple select question. capitalizing on its advanced foreign exchange mechanism to minimize risk increasing the chance to win significant orders from airlines in those countries using suppliers that are the best in the world at a particular activity earning recognition for having a multinational staff
To boost the possibility of receiving significant orders from airlines in those countries, Boeing justifies outsourcing so much production to foreign vendors. Boeing's core values are as follows:
1. Safety, quality, honesty, and transparency must come first as we develop, build, and maintain our products.
2. We show how essential these principles are to us by acting with the utmost integrity in both our personal and professional encounters.
What is the rationale behind Boeing's decision to reduce its supplier base?In order to boost supply chain efficiency, Boeing has been cutting back on its key suppliers and increasing its dealings with top-performing suppliers. In recent years, Boeing has reduced the number of suppliers by 79%.
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Buyer vaughn is applying for an fha mortgage on a house priced at $108,000. the maximum loan-to-value ratio is 97.75. what is the minimum down payment?
First, take $108,000 multiplied by 97.75% (maximum loan amount), which equals $105,570.
Then take $108,000 - $105,570 = $2,430 minimum down payment.
Down payment, is an initial up-the front partial charge for the acquisition of steeply-priced gadgets/services which include a car or a house. It also includes paid in coins or equal at the time of finalizing the transaction. A loan of some sort is then required to finance the the rest of the fee.
What's a Down payment?
A down payment is a sum of money that a client will pay within the early levels of buying an expensive excellent or carrier. The down payment represents a part of the overall purchase price, and the buyer will often take out a loan to finance the the rest.
Is down payment a complete fee?
In simple phrases, it's far an advance price for an steeply-priced purchase. The payment represents a percent of the total buy charge. You'll pay the initial prematurely price called the down payment for the acquisition of a vehicle or a house. You'll make the down payment out-of-pocket instead of borrowing the quantity.
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when an economy produces a combination of goods that lies inside the production possibilities curve: group of answer choices resources will never be depleated. opportunity cost is constant. resources are not being fully and efficiently used. resources are being fully and efficiently used. prices are constant.
When an economy produces a combination of goods that lies inside the production possibilities curve that resources are being used fully and efficiently. Thus, Option A is correct.
What is the Production possibility frontier (PPF)?
The production possibility frontier (PPF) is a curve on a graph that depicts the maximum amounts that can be produced of two products if they are both made from the same limited resource. The production possibility curve is another name for the PPF.Opportunity cost in the production of commodities is what is lost when resources are diverted from one product to another. A curve on a graph depicts the amount that can be produced to its maximum.The production possibility frontier (PPF), which depicts situations that are impractical given the available resources, is above the curve.The PPF illustrates that an increase in one commodity's production can only occur when the production of the other commodity falls.Managers can use the PPF as a tool for making decisions when determining the best product mix for their organisation.To know more about PPF visit:
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According to the digital wallet overview video case, when adding a credit or debit card to your digital wallet, what security method is generally used to prevent someone else from adding your debit or credit card to their digital wallet?.
According to the digital wallet overview video case, when adding a credit or debit card to your digital wallet, the Tokenization security method is generally used to prevent someone else from adding your debit or credit card to their digital wallet
This is further explained below.
What is Tokenization?Encrypting all of the user data is one of the primary ways that tokenization offers cardholders protection from fraudulent behavior.
It is a critical enabler for a broad number of use cases involving digital payments, and it is relevant to transactions carried out in person as well as those carried out online.
In conclusion, the Tokenization security mechanism is often applied when adding a credit or debit card to your digital wallet in order to prevent another person from adding your debit or credit card to their digital wallet.
This is done in order to protect you from identity theft. This is shown in the video scenario that provides an overview of a digital wallet.
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