From an internal control standpoint, the asset most susceptible to improper diversion and use is:.

Answers

Answer 1

From an internal control standpoint, the asset most susceptible to improper diversion and use is Cash.

What is cash?

Cash is the most liquid asset because it can easily be used in exchange unlike other assets.

Cash is classified under the Current Assets section of the balance sheet but is always presented first before debtors, inventory, and short-term investments.

Thus, from an internal control standpoint, the asset most susceptible to improper diversion and use is Cash.


Related Questions

Select all that apply Which of the following are advantages of group decision making? (Choose all that apply.) Multiple select question. Draws on combined skills, competencies, and accumulated knowledge Greater probability that the decision will be implemented successfully Allows managers to process more information and correct one another's errors Allows managers to engage in the groupthink process The time required to make a decision is much less Alternatives are less likely to fall victim to biases and errors

Answers

We can infer here that the advantages of group decision making are as follows:

Draws on combined skills, competencies, and accumulated knowledge.Greater probability that the decision will be implemented successfully.Allows managers to process more information and correct one another's errors.Alternatives are less likely to fall victim to biases and errors.

What is decision making?

Decision making is a process that involves the  identification of a decision, information gathering and an assessment into the possible and alternative solutions and resolutions.

Thus, we see that group decision making helps to bring together a combination of skills, knowledge and competencies.

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Multiple Choice Question Tresses, Inc., which has a December 31 year end, lent $1,000 on December 1 to an employee at 6% due in 6 months. When will Tresses record Interest Revenue? It will record ______. Multiple choice question. an adjusting entry on December 31 with a debit to Interest Receivable and credit to Interest Revenue for the interest generated in December a daily entry with a debit to Interest Receivable and credit to Interest Revenue for each day's interest generated interest earned on the payment date with a debit to Cash and credit to Interest Revenue for the 6 months of interest generated

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Adjusting entry on December 31 with a debit to Interest receivable and credit to Interest Revenue for the interest generated in December.

What is an Adjusting entry?Adjusting entries and journal entries used in accounting and accounting to assign income and expenditure to the period in which they actually occurred. They are often made at the end of an accounting period. Under accrual-basis accounting, the revenue recognition principle serves as the foundation for adjusting entries related to unearned and accrued revenues. Because they are done on balance day, they are occasionally referred to as balance day adjustments.Revenues and related costs are recorded in the same accounting period according to the matching concept of accrual accounting. The actual money, however, can be received or paid at a separate period.What is Interest receivable?The amount of interest that has been earned but has not yet been paid out in cash is known as interest receivable. Many organizations won't record this number because they believe it to be irrelevant.

Therefore, it will record an Adjusting entry on December 31 with a debit to Interest receivable and credit to Interest Revenue for the interest generated in December.

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why should social media managers begin the budgeting process for their social marketing program well before final budget numbers are settled?

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Social media managers ought to begin the budgeting process for their social marketing program well before final budget numbers are settled because: they must collect all relevant data to enable them make a plausible case for how the numbers will be expended and the return or marketing investment.

Who is a social media manager?

A social media manager is a person who manages an aspect of marketing for a company that is related to the use of social media to reach the target audience.

It is crucial to note that budgeting is a very crucial aspect of social media marketing.

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How could U.S. currency lose value?
A.) is torn or dirty . B.)
It lacks the new security features.
C.)Too many legal bills are printed and in circulation. D.)Too many people are counterfeiting print money and using it.

Answers

Answer:

C.) Too many legal bills are printed and in circulation

Explanation:

If more money was printed there would be an artificial overabundance of money, but the supply of goods would not increase. This would lead to inflation which would lower the currency value.

Answer: Too many legal bills are printed and in circulation.

Explanation:

Budgets are created using expenses vs.
incoming revenue. What is another word for
revenue?
A. profit
B. sales
C. cost

Answers

Answer:

B. Sales

Are sales and revenue the same?

The key difference between revenue and sales is that revenue refers to the total income a business entity generates from selling goods or providing services, as well as other income earned in the normal course of business. Sales, on the other hand, refers to the proceeds received by the company from selling goods or providing services. Although revenue and sales are sometimes conflated, there is a difference between the two. Revenue is the collective sum of money a business makes. Sales are the total compensation that a business receives from providing goods or services. Sales are a subset of revenue. In rare circumstances, revenue may be less than sales. Sales are when a customer pays a price for a company's products or services. Large businesses usually have additional revenue streams in addition to sales, including investments, services, interest, royalties, fees, and donations, to name a few. Although they may be easily distinguished in accounting terms, revenue and sales are often used interchangeably.

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The professional organization that promotes the advanced of the management accounting profession is:.

Answers

The professional organization that promotes the advanced of the management accounting profession in the United States is the Certified Management Accountants Institute.

In some other countries like Britain and Canada, it is called Chartered Institute of Management Accountants.

The multiplier principle indicates that if business decision makers become more optimistic about the future and, as a result, increase their investment expenditures by $82 billion, real GDP a. will increase by more than $82 billion if the economy was initially operating at full-employment capacity. b. will decline if the marginal propensity to consume is less than 1. c. will increase by less than $82 billion if the economy was initially operating well below capacity. d. will increase by more than $82 billion if the economy was initially operating well below capacity.

Answers

From the multiplier principle if the business increases by 82 billion dollars they will increase by more than $82 billion if the economy was initially operating well below capacity. option d.

What is the multiplier principle?

The multiplier is the economic variable that when increased or changed would lead to changes in other economic factors.

If the business should have an increase of this amount then there should be a resultant increase of similar amount in the business.

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suppose a worker quits her job in order to look for new work. after a week or two of looking, she finds a new job. during her brief job search, she experienced _____.

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Suppose a worker quits her job in order to look for new work. after a week or two of looking, she finds a new job. during her brief job search, she experienced frictional unemployment

What is frictional Unemployment

Frictional unemployment occurs when an individual is temporarily unemployed as a result of searching for new or better job.

This is a time of transition usually from an existing job to a new one.

Therefore, Suppose a worker quits her job in order to look for new work. after a week or two of looking, she finds a new job. during her brief job search, she experienced frictional unemployment

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question content area in recording the cost of goods sold for cash, based on data available from perpetual inventory records, the journal entry is:

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In recording the cost of goods sold for cash, based on data available from perpetual inventory records, the journal entry is debit Cost of Goods Sold; credit Inventory.

What are inventory?

Inventory include taken records of goods that are sold and the once that are available.

For goods that are sold they are removed from the available goods including the cost and added to the inventory as sold.

Therefore, In recording the cost of goods sold for cash, based on data available from perpetual inventory records, the journal entry is debit Cost of Goods Sold; credit Inventory.

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which of the following is not correct with respect to using bcc for recipients of a message?

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The option that is not correct with respect to using bcc for recipients of a message is this:

It should be the default for all correspondence.What is the Blind Carbon Copy?

Blind carbon copy is a way of preventing the recipients of a bulk message from viewing the other addressees. While it is a very good privacy option, it is not expected to be the default for all correspondence.

Sometimes, the addressees might have to view their counterparts so BCC is enabled in such cases.

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With no trade, the equilibrium price of grapes is $2 per pound in Macroland and $4 per pound in Econoland. Government leaders in Macroland are negotiating a free trade agreement with Econoland to increase trade between the two countries. Who among consumers and producers is likely to support and who is likely to oppose the free trade agreement

Answers

Those in Macroland and Econoland who would support or oppose the free trade agreement are:

Consumers in Econoland -  Support. Producers in Econoland - Oppose. Consumers in Macroland - Oppose. Producers in Macroland - Support.

Who would support the free tade agreement?

Consumers in Econoland would support the agreement because they would get cheaper grapes. Producers in the nation would lose market share as a result so they would oppose it.

Producers in Macroland would love to sell more grapes to another market so they would support. Consumers in the nation would oppose because grape prices might go up.

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When a pizza maker lists the price of a pizza as $10, this is an example of using money as a:

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When a pizza maker lists the price of a pizza as $10, this is an example of using money as a unit of account

What is a unit of account?

A unit of account is a standard numerical unit of money used for measuring goods and services.

According to the question, the price of the pizza is a unit of account because it was used to measure the price of the goods.

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The process of influencing people to work toward a common goal is.

Answers

Answer:

Leading/Leadership

Explanation:

Leadership inspires, influences and motivates people to work towards a goal and achieve it.

Which feature is used to summarize data from multiple worksheets but does not require that the data be in the same location on every worksheet?

Answers

Consolidate data from each worksheet into a single worksheet to summarize and report results from several worksheets.

What is worksheet?

A group of cells arranged into rows and columns is referred to as a "worksheet" in Excel documents.

Data consolidation makes it possible to combine the information from various worksheets into one master worksheet.

In other words, the Data Consolidation function compiles information from a number of worksheets or workbooks into a single worksheet that you can quickly update.

As a result, data consolidation is summarizing data from multiple worksheets.

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Kevin is looking at two brands of washing machines. Between water and electricity, a Brand C washer uses about $0.65 per load, and a Brand D washer uses about $0.27 per load. Kevin averages about five loads of laundry per month. After one year, how much more would the utility costs for a Brand C washer be than the utility costs for a Brand D washer

Answers

Based on the utility costs of Brand C and D, there will be a difference in utility costs at the end of the year of $22.80.

How much more would Brand C cost in utility costs?

First find the utility cost for Brand C in a year:

= 0.65 x 5 x 12 months

= $39

Utility cost of Brand D:

= 0.27 x 5 x 12 months

= $16.20

The difference would be:

= 39 - 16.20

= $22.80

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Sheridan Company budgets on an annual basis for its fiscal year. The following beginning and ending inventory levels are planned for the fiscal year of July 1, 2021 to June 30, 2022: June 30, 2022 June 30, 2021 Raw Materials 3000 kilos 2000 kilos Three kilos of raw materials are needed to produce each unit of finished product. If Sheridan Company plans to produce 480000 units during the 2021-2022 fiscal year, how many kilos of materials will the company need to purchase for its production during the year?

Answers

The number of  kilos of materials that the company will need to purchase for its production during the year is: $1,441,000.

Number of  kilos of materials to purchase

Using this formula

Kilos of materials=(Units to produce×Number of kilos of raw materials)+Ending kilo of raw material-Beginning kilo of raw material

Let plug in the formula

Kilos of materials=(480000×3)+3,000-2,000

Kilos of materials=1,440,000+1,000

Kilos of materials=$1,441,000

Therefore the number of  kilos of materials that the company will need to purchase for its production during the year is: $1,441,000.

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You are feeling somewhat conflicted. As the manager of a sub sandwich and soup shop, you know the employees hate to be micromanaged and you want to empower them. At the same time, however, you want to ensure consistency in the products they serve, such as portion size and ingredient freshness, and you know from experience how easy it is to get off track. How can you accommodate these needs

Answers

You can accommodate these needs by training the employees well and conducting periodic checks of the food preparation area, employees, and orders.

Who are the employees?An employee is someone who has been hired by a company to do a certain activity. The employee is hired by the company after being chosen as an employee through an application and interview process. The candidate is chosen once the company determines that they are the most qualified candidate for the post in question.Who is an employer?The term "employer" refers to a person or a corporate entity that employs and compensates workers in the public, private, nonprofit, or business sectors. Employers, as the authority inside an organization, set the working conditions for employees and provide the agreed-upon terms, such as remuneration.

Therefore, You can accommodate these needs by training the employees well and conducting periodic checks of the food preparation area, employees, and orders.

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One of the Federal Reserve's most powerful tools is its influence over _____, not its influence over _____. Please choose the correct answer from the following choices, and then select the submit answer button. Answer choices the rate of inflation; expectations interest rates; the money supply interest rates; the rate of inflation expectations; the money supply

Answers

Some of Federal Reserve powerful tools is its influence over expectation and not its influence over supply.

What is the Federal Reserve?

It is the United states central banking system that is responsible for the nation's monetary policy and regulating the supply of money and interest rates.

Hence, the Federal Reserve powerful tools in the banking system is its influence over expectation and not its influence over supply.

Therefore, the Option D is correct.

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Seth has just decided to replace his computer. His old computer cost him $1,433 when he bought it exactly seven years ago. Seth paid for it with his credit card, which has an APR of 11.70%, compounded monthly. He made no other purchases with the card and paid off his balance after two and a half years of making identical monthly payments. The computer consumed about $0.79 of electricity every day. In total, what percentage of the lifetime cost of the computer did the electricity make up

Answers

Based on the cost of the computer in terms of electricity, and the amount he paid for it, the percentage of the cost that the electricity made up is 54.898%.

What percentage of the cost did the electricity use?

First find the amount that Seth paid over the two and half years:

= Monthly payment x 2.5 years x 12 months a year

= 55.32 x 2.5 x 12

= $1,659.60

The cost of the computer over 7 years is:

= (0.79 per day x 365 x 7)

= $2,018.45

The percentage that electricity takes is:

= 2,018.45 / (2,018.45 + 1,659.60)

= 54.88%

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Answer: correct answer is D on edge 2020

Explanation: In total, the electricity made up 54.898% of the lifetime cost of the computer thank you best of luck!!

Fyllor Inc., a manufacturer of office equipment such as fax machines and printers, regularly imports component parts and then assembles them to make finished products. A recent increase in the import duty on component parts has led to an increase in the price of the firm's products, and this in turn has led to a drop in sales. In this scenario, the drop in sales for Fyllor Inc. can be attributed to its:

Answers

In this scenario, the drop in sales for Fyllor Inc. can be attributed to its general environment.

What does the general environment refer to?

A business's general environment refers to the external influences that shape business activities.

Some of the general environment or external influences include the environment, technology, political factors, economic conditions, demographics, and socio-cultural forces (PESTEL).

Thus, in this scenario, the drop in sales for Fyllor Inc. can be attributed to its general environment.

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which statement is not true regarding a critical asset in the enterprise environment

Answers

The statement that is not true regarding a critical asset in the enterprise environment is:

It can easily be replaced

What is a critical asset?

Critical assets are the main resources that sustain the daily operation of a business.

These assets are the lifeblood of the business so any attempt to replace them can significantly damage the smooth running of the organization. So, critical assets cannot be replaced.

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The use of anthropological techniques to study businesses and what some people cal organizational culture in order to assist the business is most specifically an example of...

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The use of anthropological techniques to study businesses and what some people call organizational culture in order to assist the business is most specifically an example of Applied anthropology.

What is applied anthropology?

Simply described, applied anthropology is "anthropology in use". It refers to any anthropological research that is carried out to address relevant issues. This indicates that the project has stakeholders and clients who stand to benefit or lose.

There are countless challenges that anthropology can help with. Some examples are business, environmental issues, health and medicine, research, education, and many more.

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complete the following analogy. disobedience : punishment :: unemployment : ___________

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The Analogy of unemployment is Penury

Analogy can be described as when two objects are compared together, it could also mean the similarities between two things.

Unemployment is a state of having no job or something doing tp bring money. In a state of unemployment, the individual us said to be struggling and poor

Penury means lack of essential resources and having no money


Hence unemployment and penury are similar in meaning

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Archaeologists found an ancient inca tomb under an ordinary home in which world capital?.

Answers

An Ancient Inca tomb was founded by the archaeologists in the capital of Peru under an ordinary home.

Who were the archaeologists?

Archaeologists are the individuals who study the artifacts of historical eras and also excavate the sites that existed in the ancient era.

Archaeologists have found the tomb of the Inca civilization which was wrapped in cloth along with burials of ceramics and fine jewels of that time. It was a structure built over the time span of 500 years back. The tomb was one of the most prominent architects of the Inca civilization.

Therefore, the archaeologists found the tomb of the Inca Empire in the capital of Peru.

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Explain way economic deals with allocation and efficient utilization of scarce resources only?

Answers

Economics deals with the allocation and efficient utilization of scarce resources as human wants are unlimited and resources to satisfy those needs are limited in nature. Hence, to utilize the resources in the optimum possible way and meet the demands of humans, the economy allocates scarce resources.

How Microeconomics allocates scarce resources?

Microeconomics analyses how scarce resources are allotted efficaciously to the production of products and services. It facilitates in resolving the critical financial issues of the economic system at an individual level.

Thus, in this manner, Economics deals with the allocation and efficient utilization of scarce resources as human wants are unlimited and resources to satisfy those needs are limited in nature.

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Otool Incorporated is considering using stocks of an old raw material in a special project. The special project would require all 160 kilograms of the raw material that are in stock and that originally cost the company $1,936 in total. If the company were to buy new supplies of this raw material on the open market, it would cost $8 per kilogram. However, the company has no other use for this raw material and would sell it at the discounted price of $6.95 per kilogram if it were not used in the special project. The sale of the raw material would involve delivery to the purchaser at a total cost of $83 for all 160 kilograms. What is the relevant cost of the 160 kilograms of the raw material when deciding whether to proceed with the special project

Answers

The relevant cost of the 160 kilograms of the raw material when deciding whether to proceed with the special project  is $1,029.

Relevant cost

Using this formula

Relevant cost=(Numbers of kilogram of raw material × Discounted price per kilogram)- Delivery cost

Let plug in the formula

Relevant cost=( 160 kilograms× $6.95 per kilogram) -$83

Relevant cost=$1,112-$83

Relevant cost=$1,029

Therefore the relevant cost of the 160 kilograms of the raw material when deciding whether to proceed with the special project  is $1,029.

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Diego and his supervisor have coffee together every monday. this is an example of a

Answers

Diego and his supervisor have coffee together every Monday is an example of a ritual

What is a ritual?

A ritual is described as set of activities which may involve gestures, words, actions, or objects, performed according to a set sequence.

According to Diego and his supervisor, there has a been a constant action performed every week (taking coffee together). Since this act has become repetitive, they have become a ritual.

Hence Diego and his supervisor have coffee together every Monday is an example of a ritual

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Joni is a financial planner for ABC firm. She provided all of her clients with the same products. She felt this was OK since she had thoroughly researched them years ago and found them to be excellent. By concentrating her recommendations with a few firms, she was able to receive commission bonuses. She never discussed their goals and characteristics with her clients unless they brought them up. Explain her violations of SEC and CFP regulations. Indicate what should be done.

Answers

She is in violations of SEC and CFP regulations because she impose her own opinion or want on the client without the clients knowledge.

What is the case about?

The case above is failure of Joni to divulge some vital information  regarding a product to her client.

Note that Joni is ok with the product, that does not mean that the client will still be okay with it. She is suppose to tell her client all that they need to know and then they can decide what to do and she failed to do so and as such She is in violations of SEC and CFP regulations because she impose her own opinion or want on the client without the clients knowledge.

The solution is that she needs to tell her client what she omitted, tender an apology and also she should explain all that there is to know to the client.

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A decision that involves doing a little more or a little less of something is called a:.

Answers

Answer:

Marginal decision.

The ____ is a private corporation owned by a consortium of commercial banks and industrial companies, but the ____ is a self-sustaining government agency formed in 1971. a.Overseas Private Investment Corporation (OPIC); Ex-Im Bank b.Overseas Private Investment Corporation (OPIC); Private Export Funding Corporation (PEFCO) c.Private Export Funding Corporation (PEFCO); Ex-Im Bank d.Private Export Funding Corporation (PEFCO); Overseas Private Investment Corporation (OPIC)

Answers

The answer choice which represents what should fill the blank spaces respectively is; Choice B; b.Overseas Private Investment Corporation (OPIC); Private Export Funding Corporation (PEFCO).

What is OPIC and PEFCO?

The Overseas Private Investment Corporation (OPIC) although aided by the government is a private corporation established in 1984 while the Private Export Funding Corporation (PEFCO) is a government agency formed in 1971.

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What type of error occurs when a program is expecting an integer value and the user enters a string? The amount of federal income taxes withheld from an employee's gross pay is recorded as a(n): Read the passage. Which is the best word or phrase to fill in blank 1?{Options}1) As A Result2) Or Else3) Conversely 4) Consequently What is the mass of an object if it has 915J of energy when it is 6.50m above the ground?A.851kgB0.0696kgC.583kgD.14.4kg Solve the inequality Question 4tiple Choice Worth 5 points)(07.03 MC)Circle A has center of (6, 7) and a radius of 4, and circle B has a center of (2, 4) and a radius of 16. What steps will help show that circle A is similar to circle B?O Translate circle A using the rule (x+4y+3)O Rotate circle A 45" about the centerO Dilate circle A by a scale factor of 4O Reflect circle A about the origin Company Q incurred manufacturing costs for the year as follows: Direct materials Sh 10/unit Direct labour sh 7/unit Manufacturing overheads: Variable sh 3/unit Fixed Sh 7,500 Variable selling and administrative expenses sh 2,000 Fixed selling and administrative expenses sh 4,000The company produced 1,500 units (the normal level of production) and sold 1,000 units at Sh 45 per unit. Assume that the production manager is paid a 15 per cent bonus based on the companys net income.Required:(a) Prepare an income statement under absorption costing. Given that the slope is 4 and (4, 6) is on the line. Write the equation of the linein the slope-interceptform A solenoid is configured to produce a magnetic field of 0.027T at its center. it has radius 1.4 cm and length 40cm and the wire can carry a maximum length of 12.0A. What is the total length required I need this answered fast pleaseeSuppose you and your friends form a band and you want to record a demo. Studio A rents for $75 plus $75 an hour and Studio B rents for $150 and $50 an hour. Let t = the number of hours and c = cost. Part A Write a system of equations to represent the cost at each studio. Part B Solve the system of equations from Part A. Explain your method. Part C Explain what the solution to the system means in terms of where your band will rent a studio. Which statement describes how the y-intercept of the graph of f(x) = |2x 1| compares to the y-intercept of the graph of g(x) = |2x 5|? A. The y-intercept of g is 4 units above the y-intercept of f. B. The y-intercept of g is 4 units below the y-intercept of f. C. The y-intercept of g is 4 units to the right of the y-intercept of f. D. The y-intercept of g is 4 units to the left of the y-intercept of f. 5. What is Social Security? Read the following scene from Trifles.COUNTY ATTORNEY. Let's talk about that later, Mr. Hale. I do want to talk about that, but tell now just whathappened when you got to the house.HALE. I didn't hear or see anything; I knocked at the door, and still it was all quiet inside. I knew they must be up,it was past eight o'clock. So I knocked again, and I thought I heard somebody say, "Come in." I wasn't sure, I'mnot sure yet, but I opened the door-this door (indicating the door by which the two women are still standing),and there in that rocker-(pointing to it) sat Mrs. Wright. (They all look at the rocker.)What would be one advantage of watching this scene as opposed to reading it?O The audience would not have to infer the characters' moods, which could make the characters seem more genuine.The audience would actually see what the characters look like, which could alleviate unnecessary mystery.The audience would not have to interpret the setting, which could make the conflict of the story more evident.The audience would actually watch all of the characters turn to stare at the rocker, which could enhance the mood ofthe scene. One of the widely acknowledged problems with using the consumer price index as a measure of the cost of living is that the CPI a. accounts only for consumer spending on food, clothing, and energy. b. fails to account for consumer spending on housing. c. fails to account for the introduction of new goods. d. fails to account for the fact that consumers spend larger percentages of their incomes on some goods and smaller percentages of their incomes on other goods. Does anyone know the answer to all this? Which is part of the executive branch of the Mississippi state government?A. chancery courtsB. department of correctionsC. house of representativesD. supreme courtplease answer quickly!! The sum of the series: -2+(-8) + (-32)++ (-2048) equalsI really neeed help!!! Please Im begging you!!!!!! Which sign should be used for the following equation? 0.452 _______ 0.712 < > Read the excerpt from "The Environmental Ethic."It is fashionable in some quarters to wave aside the small and obscure, the bugs and weeds, forgetting that an obscure moth from Latin America saved Australias pastureland from overgrowth by cactus, that the rosy periwinkle provided the cure for Hodgkins disease and childhood lymphocytic leukemia, that the bark of the Pacific yew offers hope for victims of ovarian and breast cancer, that a chemical from the saliva of leeches dissolves blood clots during surgery, and so on down a roster already grown long and illustrious despite the limited research addressed to it.Which of the following claims is best supported by the evidence in this excerpt?All species are worth protecting because even the small organisms contribute important functions in the environment.Every effort should be made to protect each bug and weed species regardless of its potential to cause destruction.All of the species that are now extinct or are becoming extinct could have cured a disease.Only the species that can be used for medical purposes are worth protecting from extinction. 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