subject
Business, 10.05.2021 23:10 giovney

Below are descriptions of internal control problems. Identify the one best internal control principle that is related to the problem described. 1. The same person opens incoming mail and posts the accounts receivable subsidiary ledger. select principle of internal control 2. Three people handle cash sales from the same cash register drawer. select principle of internal control 3. A clothing store is experiencing a high level of inventory shortages because people try on clothing and walk out of the store without paying for the merchandise. select principle of internal control 4. The person who is authorized to sign checks approves purchase orders for payment. select principle of internal control 5. Some cash payments are not recorded because checks are not pre-numbered. select principle of internal control 6. Cash shortages are not discovered because there are no daily cash counts by supervisors. select principle of internal control 7. The treasurer of the company has not taken a vacation for over 20 years. select principle of internal control

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 21:50
Discuss how the resource-based view (rbv) of the firm combines the two perspectives of (1) an internal analysis of a firm and (2) an external analysis of its industry and its competitive environment. include comments on the different types of firm resources and how these resources can be used by a firm to build sustainable competitive advantages.
Answers: 3
question
Business, 21.06.2019 22:30
Owning a word is a characteristic of a powerful a. productb. servicec. organization d. brand
Answers: 2
question
Business, 22.06.2019 08:20
(05.04 mc) a 2012 report from the u.s. surgeon general stated: "another common practice is strategically locating tobacco-related marketing materials where young children will be exposed to them. tobacco industry executives acknowledge that products and advertising should be placed at eye level (pollay 2007), but in california, 48% of stores had at least one cigarette marketing item at or below 3 feet from the floor (feighery et al. 2001)." it was also noted that 25% of cigarette displays were next to candy. in addition, a national study found that about one-third of the stores had tobacco ads at low heights. after california banned counter displays, some stores place cigarettes in transparent displays so product brands could still be seen. why did some stores use transparent units to display the cigarettes? (3 points) to comply with the new rules while still encouraging cigarette purchases via visual exposure to ensure children and minors are not exposed to cigarettes and their eye-catching packaging to minimize exposure to humidity, extending the shelf life of the cigarettes' tobacco to reduce the occurrence of shoplifting, since cigarettes are high-revenue items
Answers: 3
question
Business, 22.06.2019 09:30
The 39 percent and 38 percent tax rates both represent what is called a tax "bubble." suppose the government wanted to lower the upper threshold of the 39 percent marginal tax bracket from $335,000 to $208,000. what would the new 39 percent bubble rate have to be? (do not round intermediate calculations. enter your answer as a percent rounded to 2 decimal places,e.g., 32.16.)
Answers: 3
You know the right answer?
Below are descriptions of internal control problems. Identify the one best internal control principl...
Questions
question
Mathematics, 29.07.2019 03:30
Questions on the website: 13722360