To review and report on internal controls over sales, purchasing and cash at Downe, your external audit firm should develop points for inclusion in your firm's report on identified internal control deficiencies at Downe.
In the cases described, the central deficiency is in the use of money not specifically allocated for payments and lack of adherence to company policy.
The consequences of these actions at Downe can mean a lack of control, organization and coordination of the flow of income and expenses, leaving businesses without correct records of capital utilization, legal compliance and inventory control.
It will therefore be necessary to restructure Downe's processes in order to implement a new policy that is passed on to all employees to be strictly enforced. In addition to greater control by managers and redesign of the organizational and work structure.
In this way, the company will guarantee that the processes occur in a planned, focused and strategic way, generating an improvement in the organizational culture and better positioning for the company in the market.
Find out more information about external auditor here:
https://brainly.com/question/25388600
What business name could I use if I am selling masks? Ideas?
Answer:
Jordans Mask shop
Explanation:
plz answer dedo yaar
a company that has been in business for 10 years is a
Answer:
is still considered a startup after 10 year of existance
Explanation:
Suire Corporation is considering dropping product D14E. Data from the company's accounting system appear below:
Sales $ 750,000
Variable expenses $ 346,000
Fixed manufacturing expenses $ 258,000
Fixed selling and administrative expenses $ 206,000
All fixed expenses of the company are fully allocated to products in the company's accounting system. Further investigation has revealed that $200,000 of the fixed manufacturing expenses and $115,000 of the fixed selling and administrative expenses are avoidable if product D14E is discontinued.
Required:
a. According to the company's accounting system, what is the net operating income earned by product D14E? (Net losses should be indicated by a minus sign.)
b. What would be the increase (decrease) to income of dropping product D14E? Should the product be dropped?
Answer: B.
Explanation:
Short-term investments include: Multiple Choice Investments in land or other assets not used in operations. Noncurrent assets. Securities that management intends to convert to cash within one year or the operating cycle, whichever is longer, and are readily convertible to cash. Stocks not intended to be converted into cash. Bonds not intended to be converted into cash.
Short term investment refer to Securities that management intends to convert to cash within one year or the operating cycle, whichever is longer, and are readily convertible to cash.
What is Short-term investment?Short term investment are temporary financial investments that can be converted to cash within a short period of time which can be within 5 years. Some short-term investments are converted to cash after a period of only 3-12 months. Some examples of short-term investments include, money market accounts, high-yield savings accounts, government bonds, and Treasury bills.
Therefore, Short term investment refer to Securities that management intends to convert to cash within one year or the operating cycle, whichever is longer, and are readily convertible to cash.
Learn more about Short term investment from the link below.
https://brainly.com/question/24736321
What is market environment
Answer:
The market environment is the combination of external and internal factors that affect a company's ability to establish a relationship with and serve its consumers.
Explanation:
The internal factors relate to the company itself, such as owners, workers, materials, components, etc.
The external factors are divided into macro and micro components. The macro component is the broad environment which includes societal forces that affect society as a whole. The micro component is task-related, which includes factors that influence the production, manufacturing and distribution of a product or service.
Jim just graduated from high school and has decided to work for a year before going to college. He will need a car to get to and from his job at the mall. He has $2,000 saved that he could spend on a car, or he can drive his parent’s extra car—an old clunker that has seen better days. What advice would you give Jim?
Omar Innovatives made considerations of purchasing capital equipment whose associated cash flows were as follows;
Based on the associated cash flows for the capital equipment to Omar Innovatives, the Payback period in years will be 0.5 years
How to find the Payback period?The payback period of an investment relates to the number of years it takes till the project is able to develop enough cash flows to pay back the initial investment amount.
The initial investment amount to Omar Innovatives Ltd was K100, 000 and in the first year, the project made back K200, 000.
This means that the project paid off its cash investment in the first year. To find the payback period in terms of years, the formula is:
= Cash investment / Cash flow in year of payback
= 100, 000 / 200, 000
= 0.5 years
The full question is:
Omar Innovatives Ltd made considerations of purchasing capital equipment whose associated cash flows were as follows;
Initial Investment K100, 000
Year One K200, 000
Year Two K300, 000
Year Three K400, 000
Year Four K500, 000
Year Five K100, 000
Average PBIT K93,500
Total Accumulated Depreciation K32,500
Taxation K15,200
What is the Payback period in years?
Find out more payback period at https://brainly.com/question/23149718
#SPJ1
Scheduling personnel is an example of an operations management:
A. mission implementation
B. operational decision
C. organizational strategy
D. functional strategy
E. tactical decision
Answer:
B. operational decision
Explanation:
Scheduling personnel is an example of an operations management: operational decision
Scheduling personnel represents an example of an operations management of an operational decision.
The following information should be considered:
The staff-level decisions should be made from the lower level to the hierarchy level.Many decisions should be taken at many hierarchy levels.In this, the authority is present for taking the decisions.The lower level should take the decisions with respect to the employees.Therefore the other options are incorrect.
Hence we can conclude that scheduling personnel represents an example of an operations management of an operational decision.
Learn more about the management here: brainly.com/question/14874943
a good economist is one who looks at economic issues only with hindsight or not. please explain with examples
Answer:
The specification and according to the issue are listed throughout the clarification section described.
Explanation:
Economics would be a social science which always investigates whether consumers participate, in terms of direction, regarding interest, distribution as well as general price level. This same production and consumption approach demonstrates how prices differ to maintain the balance among both commodity production and trade. The economic theory focuses on the behavior as well as the engagement of financial intermediaries as well as how ecosystems function.For obvious reasons, private individuals should include families, companies, producers, and consumers.
Mr. Wiley owns a couple of houses. He lives in the better one. The other house he rents to the Jones family for $20,000 per year. By renting the newer and better house in which he chose to live, he could earn $35,000. Given this information, what would be the contribution of these two houses to U.S. GDP
Answer:
20,000
Explanation:
Only rented house is counted as per gdp
as Vincent gets older, he tends to look for high-paying jobs, watch for sales, and search for items and opportunities that invite happiness and fulfillment. What does Vincent's behavior demonstrate?
Vincent's behavior demonstrates rational self-interest.
What does Vincent's behavior demonstrate?Vincent's behavior of seeking high-paying jobs, looking for sales, and searching for opportunities that bring happiness and fulfillment aligns with the concept of rational self-interest. Rational self-interest refers to individuals making choices and pursuing actions that they believe will maximize their own well-being or self-interest.
In this case, Vincent is actively seeking opportunities that offer financial benefits (high-paying jobs, sales) and personal satisfaction (happiness and fulfillment). His actions are driven by the desire to improve his own economic and personal circumstances which is indicative of rational self-interest.
Read more about behavior
brainly.com/question/1741474
#SPJ1
A deposit of $1000 is made in a bank account that pays 24% interest per year compounded quarterly. Approximately how much money will be in the account after 10 years
Answer:
$10,285.72
Explanation:
In this scenario, we can use the compound interest formula to calculate the total after 10 years. The formula is the A = P * \((1 + r/n)^{nt}\)
where,
A = final value after interest
P = initial investment amount
r = annual interest rate in decimal form
n = number of time the interest is compounded based on t
t = total amount of time
In this case, the interest is compounded quarterly meaning 4 times a year, therefore we can plug all the values into the formula and solve for A
A = P * \((1 + r/n)^{nt}\)
A = 1000 * \((1 + 0.24/4)^{4*10}\)
A = 1000 * \((1.06)^{40}\)
A = 1000 * 10.2857
A = 10,285.72
Therefore after 10 years the account will have a total of $10,285.72
what are the factors of production
Assignment directions
The United States Census Bureau has many different types of data that is useful to businesses and organizations that need secondary data to make business or organizational decisions. Explore the web site. It has information about a variety of topics, not just population data. Find information that you could use in making a business or organizational decision. Which information did you choose? What kind of business or nonprofit organization would you use it for? How would you and the team you were working with use the data? What opportunities to explore or problems to solve would you use the data for? Be specific about the data itself and about which business or organizational decisions you would use it to make.
Assignment guidelines
Create a detailed PowerPoint slideshow addressing the following:
1 What information from the United States Census Bureau did you choose?
2 What kind of kind of business or nonprofit organization would utilize the information?
3How might you and your team use the data?
4 How would the data enhance opportunities to explore or problems to solve?
5 Follow proper formatting for a PowerPoint presentation.
6 Use multiple sources when appropriate. Include a reference page.
HELP PLEASE!!!!!
Answer:
don't know the answer sorry
You can determine the financial position of a company from:
The balance sheet provides a snapshot of a company's financial position at a specific point in time. Thus, Option (B) is correct.
The balance sheet presents a summary of the company's assets, liabilities, and shareholders' equity. It shows what the company owns (assets), what it owes (liabilities), and the residual value for shareholders (shareholders' equity).
By analyzing the balance sheet, one can assess the company's liquidity, solvency, and overall financial health. It helps determine the company's net worth, debt levels, working capital, and the composition of its assets and liabilities.
While the income statement, statement of owner's equity, and statement of cash flows provide valuable information, the balance sheet is specifically designed to present the financial position of a company.
Thus, Option (B) i.e. balance sheet can determine the financial position of a company when one looks at it.
Learn more about the balance sheet here:
https://brainly.com/question/32166203
#SPJ6
You can determine the financial position of a company from:
A. Income statement
B. Balance sheet
C. Statement of owner's equity
D. Statement of cash flows
A had a capital of ₹ 125,000 on 1st April, 2018. He had also goods amounting to ₹ 45,000
which he had purchased on credit and the payment had not been made. Find out the value of
the total assets of the business.
(b) After a period of one month, he came to know that he had suffered a loss of ₹ 3,700. He
withdrew ₹ 1800 for his personal use. Find out his capital and assets of the business.
Answer and Explanation:
The computation is shown below:
a. Total assets is
= Capital + creditors
= 125,000 + 45,000
= 170,000
b. The ending capital is
= Capital - loss - drawings
= 170,000 - 3,700 - 1,800
= 164,500
The assets is
= Ending capital + creditors
= 164,500 + 45,000
= 209,500
The same should be considered
performance.
Below is the information relating to production and sale of the
threeproducts for the year ending 31 December 2019:
Particulars
Krollers
Bags
Output sold (000)
Unit sales and costs
Selling price
Direct materials
Direct labour
Fixed production costs
Selling and distribution
Costs
Layers
Bags
1,200
Shs
1,050
Shs
Broilers
Bags
1,300
Shs
200,000 185,000 180,000
90,000 100,000
60,000 50,000
28,000 24,000
7,000 7,000
80,000
45,000
30,000
7,000
Administrative costs
5,000 5,000
6,000
Management accountant further advised that shutting down the
production line of feed concentrate for Kroilers will save 20% of the
total annual fixed costs.
Required:
Advise SIL's management, on whether the production line of
feed concentrate for Kroilers should be shut down.
(9 marks)
Based on the information provided, I recommend that SIL does not shut down the production line of feed concentrate for Kroilers
How to explain the informationThe decision to shut down a production line is a complex one that should be made on a case-by-case basis.
In the case of SIL, the management accountant has advised that shutting down the production line of feed concentrate for Kroilers will save 20% of the total annual fixed costs. This would result in a net profit increase of Shs. 2,800,000 (20% of 28,000,000). However, there are a number of other factors that need to be considered.
Based on the information provided, I recommend that SIL does not shut down the production line of feed concentrate for Kroilers. The financial benefits of the closure would be offset by the costs of job losses, lost sales, and damage to the company's reputation. The company should explore other options, such as finding a way to reduce costs without closing the production line.
Learn more about production on
https://brainly.com/question/16755022
#SPJ1
A nation’s culture is the ________ common to its people.
A nation’s culture is the shared set of beliefs, values, knowledge and patterns of behaviour common to its people.
when management's primary objective is the economic interests of shareholders, this is known as : A.philanthropy B.responsibility C. the strategic approach D.the pluralistic.
a tax is imposed on chewing gum purchases. consumers end up paying all of the tax through a price increase while the producers pay none of the tax. this happened because the demand curve
A tax is imposed on chewing gum purchases. consumers end up paying all of the tax through a price increase while the producers pay none of the tax. this happened because the demand curve is perfectly inelastic.
What happen when demand curve is perfectly inelastic?
Perfectly inelastic demand curve can be described as the curve that do shows the elasticity of demand and in this case the demand does not change with any change in price.
It shopuld be noted that the demand curve is usually a vertical curve straight line , however the Perfectly elastic demand can be seen as the occurrence which can be seen in economics where quantity that is demanded will shifft infinitely as a result of little change in the price of the product.
Therefore, the case whereby tax is imposed on chewing gum purchases and the consumer were the one that were paying the tax through a price increase exemplify the situation.
Learn more about demand curve at:
https://brainly.com/question/16790743
#SPJ1
what is the best way to move up and down on your computer srceen?
Answer:
your scroll wheel or pg up or pg down button
Explanation:
What is Trompenaars cultural dimension?
Answer: Organizations all over the world work are dealing with a wide variety of cultures. According to Fons Trompenaars, cultural differences will create a better understanding of reality. ... The name of this management and communication model is the Trompenaars Cultural Dimensions.
Explanation:
Question 6 of 10
A risk response plan lists your risks, including identified risk causes, description, and
Select an answer:
potential impacts
why the risk can't be avoided
your sponsor's assignee to handle risk
issue register
A risk response plan lists your risks, including identified risk causes, descriptions, and Option A. potential impacts.
The Risk Response Planning is a process that recognizes potential risks, assesses them, and establishes management plans to reduce or prevent them. Risk response plans should describe the expected outcome of each response action, any significant input from stakeholders, and the time and resources required to carry out the response. A risk response plan typically includes the following sections:
Risk Management Plan Preparation - This section provides guidance for preparing the risk management plan's remainder. It describes the recommended contents of the risk management plan and the recommended process for preparing it.
Risk Identification - This section identifies risk sources that might cause a negative outcome for the project. It also provides a risk identification checklist that the project team can utilize as a starting point for identifying risks.
Risk Analysis - This section analyzes each identified risk's potential impact on project success by estimating the probability of occurrence and the potential effect on the project's objectives.
Risk Response Development - This section outlines the strategies and actions for managing risks. It includes contingency plans for high-priority risks and an implementation plan for all other risks.
Risk Response Control - This section describes how to evaluate the effectiveness of the risk response strategy, establish contingency plans, and implement corrective action as needed.
Risk response plans should be developed in collaboration with stakeholders to ensure that the project's risks are addressed appropriately. In addition, they should be reviewed regularly and updated as necessary throughout the project. The most important part of any risk response plan is the risk response strategy, which describes the specific actions to be taken in response to each identified risk. Therefore, the correct option is A.
The question was incomplete, Find the full content below:
Question 6 of 10
A risk response plan lists your risks, including identified risk causes, descriptions, and
Select an answer:
A. potential impacts
B. why the risk can't be avoided
C. your sponsor's assignee to handle risk
D. issue register
Know more about Risk response plan here:
https://brainly.com/question/32658799
#SPJ8
What was the opening price of Dow Jones Industrial Average on May 12, 2018 in the format of XXXXX.XX?
Explanation:
2018 industrial average was roughly $26,000 , due to, a falling economy...
Piels Corporation produces a part that is used in the manufacture of one of its products. The costs associated with the production of 10,000 units of this part are as follows:
Direct materials $ 90,000
Direct labor 130,000
Variable factory overhead 60,000
Fixed factory overhead 140,000
Total costs $420,000
Of the fixed factory overhead costs, $60,000 is avoidable. Conners Company has offered to sell 10,000 units of the same part to Piels Corporation for $36 per unit.
Required:
1. Assuming there is no other use for the facilities, Piels should ___________.
Answer:
It is cheaper to produce
Explanation:
Cost of producing
Direct materials - 90000
Direct labor - 130000
Variable factory overhead - 60000
Fixed factory overhead - 60000
Total cost - 340000
Cost of buying `10000*36 = 360000
Incremental cost of buying = 360000-340000 = $20,000
It is cheaper to produce at 340000/10000 = $34 /unit
In making a decision whether to buy or manufacture , variable cost and the avoidable costs are considered relevant for this purpose
Write about three pages (750 words) on one of the following topics. In writing your essay, feel free to build on insights from the discussion boards. Drawing on insights from the religion module, compare and contrast how you imagine life to be different for a believer, an agnostic, and an atheist. Imagine a society without literature, music, visual arts, dance, and so forth. Reflect on what would be lost, what gained. I’ll evaluate your exams mainly by the following criteria: Originality of your ideas Development of thoughts Style of writing
A believer would find solace and guidance in their faith, deriving meaning and purpose from their religious practices.
What would be an agnostic's approach to life?An agnostic would approach life with an open mind, seeking answers through rational inquiry and personal experience.
An atheist, lacking belief in deities, would rely on reason and evidence for understanding the world. In a society devoid of literature, music, visual arts, and dance, profound losses would occur.
The expressions of human creativity, emotional catharsis, and the exploration of diverse perspectives would vanish. Cultural richness, intellectual stimulation, and the shared human experience would be greatly diminished.
However, new avenues for innovation and problem-solving may emerge as attention shifts to other forms of knowledge and human endeavors.
Read more about essays here:
https://brainly.com/question/25607827
#SPJ1
Please help me in this assignment. Assume a project, other than your assignment, such as real estate, infrastructure development, industrial, or software development etc. and discuss that how guiding principle of PMI Standards for project risk management life cycle shall be undertaken at the organizational level of that particularly identified project (what the organization needs to do).
Answer:
DOES THIS HELP
Explanation
Many different professions contribute to the theory and practice of project management. Engineers and architects have been managing major projects since pre-history. Since approximately the 1960s, there have been efforts to professionalize the practice of project management as a specialization of its own. There are many active debates around this: Should project management be a profession in the same way as engineering, accounting, and medicine? These have professional associations that certify who is legally allowed to use the job title, and who can legally practice the profession. They also provide a level of assurance of quality and discipline members who behave inappropriately.
what role do individuals play in a capitalist system?
Answer:
Explanation:
INCAPITALIST SYSTEM ,INDIVIDUALS ARE KEY BECAUSE THE GOVERMENT DOES NOT CONTROL ECONOMY .ALL ECONOMIC DECISIONS AND ACTIONS ARE CONTROLLED.......
Most real estate investment trusts (REITs) are actively managed operating companies that
typically focus their investments either by property type or geographic market. Which of the
following commercial property types represents the largest proportion of REIT market value?
A. Apartments
B. Office
C. Industrial
D. Retail
Most real estate investment trusts (REITs) are actively managed operating companies that typically focus their investments either by property type or geographic market.
What are real estate investment trusts?Generally, A business that owns and, in the majority of situations, manages income-producing real estate is referred to as a real estate investment trust (REIT).
REITs are able to acquire a diverse portfolio of commercial real estate, including office and apartment buildings, storage facilities, hospitals, retail complexes, hotels, and commercial forests. Some REITs are also involved in the real estate finance industry.
The majority of real estate investment trusts (REITs) operate under a rather simple business model. This strategy entails the REIT leasing out space, collecting rents on the buildings it owns, and then distributing that money to its shareholders in the form of dividends.
Mortgage REITs don't really own any property; rather, they provide financing for real estate transactions. The interest that is accrued on these REITs' assets is the primary source of revenue for the company.
Read more about real estate investment trusts
https://brainly.com/question/10336196
#SPJ1