28. Which of the following describes incompatible duties that create a segregation of duties concern?
a. Cash disbursements prepares the checks and updates the cash disbursements journal.
b. Accounts payable updates the accounts payable subsidiary ledger and authorizes cash disbursements to be made.
c. Accounts payable performs three-way match and identifies when invoices are to be paid.
d. Accounts payable records purchases in the purchases journal and prepares journal voucher to record purchases.
e. None of the above create a segregation of duties concern.

Answers

Answer 1

The correct option that describes incompatible duties creating a segregation of duties concern is option b. Accounts payable updates the accounts payable subsidiary ledger and authorizes cash disbursements to be made.

Incompatible duties are tasks that should be separated to ensure the accuracy and integrity of financial processes. Option b describes incompatible duties because it combines two critical tasks: updating the accounts payable subsidiary ledger and authorizing cash disbursements. By performing both tasks, there is a risk of unauthorized or incorrect disbursements. This lack of segregation of duties allows one person to have control over the entire process, increasing the potential for fraud or errors.

To mitigate this concern, these tasks should be performed by different individuals. For example, one person could update the accounts payable subsidiary ledger, while another person authorizes cash disbursements. This separation of duties creates a system of checks and balances, reducing the risk of fraudulent activities and errors.

In summary, option b describes incompatible duties that create a segregation of duties concern by combining tasks that should be performed by different individuals to maintain the integrity of financial processes.

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Related Questions

I need to submit this today, can you help me?


What are Washington D.C.’s people eating habits?

What are some economic facts about Washington DC?

What are some facts about Washington DC?

Culture and customs of Washington DC?

Travel information (Dubai to Washington DC)?

Answers

Answer:

I'm sure they eat well. have u try looking it up on goggle first

Jerry's job requires that he wear a suit and tie every day to the office. This is most likely a(n) _____ atmosphere.

Answers

Answer:

I would say a formal or business atmosphere.

Explanation:

The main jobs that require suits are often business atmospheres. However, the wearing of a suit is called formal attire.

Answer:

The answer is formal

Explanation:

I took the quiz and got all of the answers right.

1. Calculate the Net Worth when Liabilities are $5,000 and Assets are $6,725​

Answers

The answer is 567.879 percent

In which way are competitors stakeholders in a business?
A. They invest in competition
B. Competitors need to provide services
C. Competitors will want to position itself competitively
D. They enjoy learning about the competition

Answers

Answer:

B

Explanation:

l think so if u get it wrong and am sorry

What is the advantage of developing criteria for assessing the effectiveness of business products and processes?
A. Assessment criteria are answers.
B. Assessment criteria are inexpensive.
C. Assessment criteria provide you with a list of relevant things to measure.
D. Assessment criteria provide you with a list of people to contact to learn more about process mentoring.

Answers

Answer:

.Assessment criteria provide you with a list of relevant things to measure.

Explanation:

Assessment criteria provides a list by which one can measure success or failure of a business products and processes.

Answer:

c

Explanation:

Research some examples of organizations that experienced bad publicity and how they dealt with it. Write a paper detailing your findings.

Answers

Answer:

did you finish it cuase i got the same one

Explanation:

Admit the error, apologize, and present a solution if you or your company is receiving negative press as a result of anything you did incorrectly. Negative publicity won't disappear if you ignore it.

What do you mean by Negative publicity?

When damaging material is revealed, negative PR or publicity can take many different forms in company and can impact everything from sales to your reputation.

Various forms of unfavorable PR for your company could include: negative coverage of your business in the media, online, in publications, or on television.

In particular, we contend that by raising product awareness, unfavorable publicity might boost sales and purchase likelihood.

Negative publicity should therefore affect products differently depending on whether they are recognized or unknown. This viewpoint is supported by three investigations.

Your brand's reputation can be severely damaged in a matter of minutes by false information, negative reviews, and nasty social media remarks. Even worse, rumors spread swiftly and negatively impact the reputation of your company.

Negative publicity can have a significant impact on how potential customers see your brand. When customers publicly disparage a company, product, or service, this is known as bad publicity.

Bad publicity includes posting or publishing negative evaluations on websites, review pages, and social media accounts.

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1. Give the three (3)
business resources​

Answers

Answer:

Financial Resources

Human Resources

Educational Resources

Explanation:

when did Toronto​ pearson​Airport​(Canada) start​ using​ technology​ or​ scanner​

Answers

Answer:

Canada's busiest airport will soon start to use artificial intelligence- powered technology to detect weapons. The technology can detect both metallic and non-metallic weapons ranging from  guns and knives to explosives, according to Liberty Defense Holdings Ltd., a  Vancouver-based company which first marketed the technology.  Known as Hex wave, the technology works by capturing radar images, then using  artificial intelligence to analyze them for concealed weapons in bags or under clothing.   Liberty's CEO, Bill Riker explained, "radar essentially is emitting this form of energy,  it's reflecting off a person and it's identifying any items on a person's body that don't  belong on a body." The technology will start getting deployed at Pearson in the Spring of 2020 in a bid to boost  security, according to the Greater Toronto Airports Authority, which runs Pearson.

Does anyone know what the definition of expanding manufacturing is?

Answers

Definition - To make your business grown larger or faster by diversifying your current product line

Hope this help :)

When a site is unsafe, it means a. Your personal information may be used in ways you do not want c. Permission to use that site at school is always allowed b. That site is okay to visit often d. All of the above Please select the best answer from the choices provided A B C D

Answers

Answer:A, Your personal information may be used in ways you do not want

Explanation:

If it is a unsafe site than there for your personal information can go places you do not want them to.

When a site is unsafe, it means your personal information may be used in ways you do not want. Thus, option 'A' is the correct option.

What does it mean when a website is unsafe?

External connections to websites with phishing, malware, or unwanted software are known as unsafe domains. Phishing is when a website imitates another one in an effort to fool visitors into divulging personal or financial information. When you visit an insecure website, you run the risk of having your personal information compromised and/or having malicious malware installed on your system.

Additionally, you can fall prey to a phishing attack, or someone else might watch your activity or use your resources for their own gain. If the content you're seeking to view is harmful or misleading, a warning will appear. These websites are frequently referred to as phishing or virus sites. If you clicked on a phishing link, the first thing you should do is immediately unplug your device from the internet.

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Mary is earning a weekly salary of $521.60 as a payroll clerk. She has accepted a new assignment in the tax-processing department. In her new position, she will be paid an annual salary of $30,534.00. How much more would she earn per week in her new position?

Answers

Answer:

$65.60

Explanation:

Mary's current is $521.60.

In her new position, she will be earning $30,534.00.  Her new weekly income will be as follows. Assuming one year has 52 weeks.

New pay = $30,534.00/ 52

New pay =587.20

In her new job, she will earn more by( $587.20 - $521.60.) =$65.60

=$65.60

The role of the Federal Reserve Board of Governors is to:
A. loan money to multinational corporations.
B. set discount rates and reserve requirements.
O c. enforce monetary policy on Federal Reserve banks.
O D. establish new Federal Reserve districts.

Answers

The role of the Federal Reserve Board of Governors is to enforce monetary policy on Federal Reserve banks. Hence, Option C is correct.

What is monetary policy?

In macroeconomics, there is a policy whose duty is to make sure that policies that are made by the  Board of Governors have been applied to all the central banks. This policy is known as monetary policy, which manages the flow or supply of money to all the banks.

This policy also manages the interest rate. Just like other policies, monetary policy also has some tools, With the help of these tools, it is easy to manage the policy. Tools are named as operations for the open market, requirements of the reserve, and lastly rate of discount.

Therefore, Option C is correct.

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MULTIPLE CHOICE: Scar stole Mufasa's debit card and used it to buy a vacation package to the Savannah. Which account would the money come out of? (choices are savings, checking, certificate of deposit, and online checking)

Answers

Answer:

Savings.

It cannot come from certificate of deposit or online checking, since it is a debit card.

waht do an engineer and an architect do?​

Answers

Create fix, build stuff, and many other things use google you’ll find more info on it too
An engineer builds products and buildings while architects plan out the way the engineers will build for a stable, working build.

4.
Contrast the relationship that exists between entrepreneurs and investors in a business
enterprise.​

Answers

Answer:

see below

Explanation:

1. An entrepreneur is the business founder. He or she conceives the business ideas and focuses on growing it.  An investor considers existing business formed by the entrepreneur and focuses on its financial/commercial side.

2. The entrepreneur approaches an investor to finance the business. He draws a business plan and proposals to assure the investor of its viability. The investor approaches an entrepreneur if he is convinced of profits.

3. The entrepreneur manages the business but may also invest in it.  An investor only puts money in the business but is not involved in managing it.

A local Barnes and Noble paid a $79.99 net price for each hardbound atlas. The publisher offered a 20% trade discount. What was the publisher’s list price?

Answers

Answer:

i believe it would be 63.99

Explanation:

Based on the information given the publisher’s list price is:$99.99.

Using this formula

List price=Net price/(100%-2=Trade discount)

Where:

Net price=$79.99

Trade discount=20%

Let plug in the formula

List price=$79.99/(100%-20%)

List price =$79.99/80%

List price= $99.99

Inconclusion the publisher’s list price is:$99.99.

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What percent of the federal budget was spent on education in 2019?

Answers

Answer:

The President requests $59.9 billion in discretionary appropriations for the Department of Education in fiscal year 2019, an $8 billion or 12 percent reduction below the 2018 annualized Continuing Resolution (CR) level.

Which of the following is not one of the factors in determining a pension's final value?

A) Years of serivce
B) Level of education
C) Your age at retirement
D) Your highest salary/pay

Answers

Answer:

B

Explanation:

What is the difference between a salary and an hourly wage?​

Answers

Answer:

Explanation:

A salary stays the same amount no matter how many hours you work. An hourly wage, you get paid for each hour you work; you get payed on WHAT you work.

Match the financial statement with its description. To match them, click the Description and then click the Financial Report Name

Answers

Answer:

a-3 / b-2 / c-4 / d-1

Explanation:

Notes to financial statements: Includes a summary of significant accounting policies and explanations of specific items on the financial statements.

The notes are required by the full disclosure principle. Also referred to as footnotes. Provide additional information pertaining to a company's operations and financial position.

Report of independent registered public accounting firm: Attests to the fairness of the presentation of the financial statements.

is a process designed to provide reasonable assurance regarding the reliability of financial reporting.

Management's discussion and analysis of financial condition and results of operations (MD&A): Is written by the company to help investors understand the results of operations and the financial condition of the company.

Disclosure is mandatory where there is a known trend or uncertainty that is reasonably likely to have a material effect on the registrant's financial condition or results of operations

Financial statements: Includes the income statement, balance sheet, statement of stockholders' equity, and statement of cash flows.

are reports prepared by a company's management to present the financial performance and position at a point in time.

Financial statements refer to how company communicates their finance. The financial statement that reflects a company’s profitability is hereby given below.

Financial statements in sheets

The various accounting activities that precedes financial statements are hereby matched below:

A. Statement of retained earnings or owner's equity

Include information of owner's retained earnings and dividends.

B. Income statement - Revenues

Shows revenues and expenses over a period of time.

C. Statement of cash flow

shows money moving in and out, categorized by operations, investing and finance

D. Balance Sheet

A snapshot of a company's assets, liabilities and equity at a specific moment in time.

Therefore, the answers are Statement of retained earnings or owner's equity, Income statement - Revenues, Statement of cash flow, Balance Sheet respectively.

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Which of the following best describes a stock.

A) An incredibly stable investment that is always a safe investment
B) Is insured by the FDIC
C) Represents a share of ownership of a corporation
D) Only sold in the United States

Answers

Answer: C

Explanation: A stock represents a share of ownership of a corporation. Stocks are bought by people so they can get money. If the company's stock they by it from goes well, they get money as well as interest. The answer is C. Hope this helps!

Should voting be mandatory?

Answers

Answer: Yes

Explanation:

Answer:

no

Explanation:

because no

If you have an orientation where you are completing training exercises on a computer, it is probably a ____.
A new hire orientation
B interactive orientation
C reorientation
D mentorship

Answers

Answer: new hire orientation

Explanation:

New employee orientation is used in order to welcome newly employed workers to the organization and this is done in order to integrate the new workers into the system, train them, and make them feel welcomed and part of the organization. .

This helps to boost the confidence of the employees, leads to increase in the retention of employees and also boost employees morale.

Interaction orientation simply means the interaction that takes place between companies and their customers and this is done in order to improve the relationship with customers and achieve organizational goals.

Mentorship simply means having a mentor to guide an individual. Reorientation simply means to change a particular focus or mindset of certain people.

Based on the explanation, the answer is new hire orientation.

Answer:

A

Explanation:

Your factory has a contract to produce a new folding chair. Your role as manager is to find the greatest efficiencies possible throughout the process, so you call a meeting with your planning department. One of your engineers suggests putting more workers on the line but breaking up the tasks into more individual steps. What is your greatest concern regarding this approach? A increased time spent in training B reduced production C poor conditions for workers D cost to hire skilled workers

Answers

Answer:

A

Explanation:

I took the test and it was right

Select the best alternative for the following questions:
i. Which of the following transactions are not recorded in book keeping?
a) Sold Goods on Credit.
b)
Introduce capital in the business.
c) Resignation of marketing manager.
d) Drawing cash from business for personal use.
..​

Answers

Answer:

c. the resignation

Explanation:

this would not affect the bottom line of the company and is therefore irrelevant

The correct answer is c

A Balance Sheet does NOT show your company's (two answers are correct)


financial position over a specific period of time

liabilities

insurance coverage at a specific date in time

assets

Answers

Answer:

I think its the 1st and 3rd ones

Explanation:

Sam has take-home pay every month of $800. He anticipates that his expenses will add up to $675 for the month. In a zero-based budget, why is it important that she put the extra $125 in SOME budget category? Where might you suggest that Sam put the extra $125?

Answers

Answer:

Second savings account

Explanation:

Life is full of surprises... repairs or emergency cases this would be helpful to have

Answer:

In a zero based budget, your income needs to add up to zero at the end of every month. For that reason I recommend that if he still has money left over after paying bills and other expenses he should put in savings.

What are the 4 steps to branding

Answers

Answer:

Here are four steps to building a successful brand.

1 Define how you want to be perceived. When your customers have finished using your product or service, how do you want them to describe their experience? ...

2 Organize your business based on this promise. ...

3 Communicate your promise. ...

4 Be consistent.

Explanation:

What type of industry would Tim Hortons and McDonalds be classified as?

Answers

they would be classified as restaurants

The Break-Even Point in your business is when


your company has repaid all of its debt

your company has exceeded its start up expectations

your company makes enough in revenue regularly to cover its expenses

your company repays all of the start up cost funding

Answers

Answer: In this letter you want to make sure that you are being clear and concise, so as to avoid any confusion about what your relationship will be in the future (ended). This means that you want to avoid any potential legal liability, and explain yourself in order to show that you are being fair and reasonable in your request.

Explanation:

Other Questions
Question 22A trader opened an account with the broker by adding $6,000 cash, $11,000 worth of stocks and bonds of worth $6,000. The trader wants to enter a futures contract which requires an initial margin of $11,400. Calculate his total deposit that qualifies for futures trading. Do you think that the trader can start the futures trading with the deposit he has in the margin account? Why or why not? BUSINESS PLAN for a fictional Small Business Startup.The presentation must include the following elements of a business plan:1. Executive SummaryThe first and most important section of a business plan is the executive summary. This summary highlights the topics the business plan will address and offers a broad overview of the entire document. To ensure that you fully understand your plan and can successfully articulate it, it's frequently better to write the executive summary last.Your executive summary has to list the goals of your company as well as any present or upcoming products and services. If the business plan is for a new company, you could also want to explain why you are starting it.2. Description of the CompanyCompany nameThe business description is the following section of a business plan. This section gives a thorough overview of your company's objectives, aims, services, and target market. Additionally, you want to describe the sector that your business will operate in, as well as any market trends and significant rivals. In your business description, you should also mention the experience you and your team have in the field and what makes your firm stand out from the competitors.3. The Competitive Environment of the BusinessIn a competitive environment, numerous businesses compete with one another by utilizing various marketing channels, advertising tactics, pricing structures, etc.4. Marketing PlanThe specifics of how you intend to market and sell your goods and services should be covered in this section of your business plan. Included in this section should be:Your planned marketing and advertising tactics.Pricing schemes for the goods and services offered by your business.the tactics you use to generate sales.Why your target market should buy from your company instead of your rivals.The distinctive selling proposition of your company.how you will reach your target market with your goods and services.5. Financial Plan [Balance Sheet and Income Statement only].Financial statements are reports that outline a company's operations as well as its financial success. Government organizations, accounting firms, and other entities frequently audit financial statements to assure their accuracy and for reasons related to taxes, financing, or investment. The capital structure, statement of income, financial statements, and statement of equity change are the four basic financial measures used by for-profit organizations. Nonprofit organizations employ a comparable but distinct set of financial statements.Balance Sheet:An accounting document known as a balance sheet lists an existing performance, expenditures, and capital employed. One of the three essential financial statements that is utilized to analyze a corporation is the book value. It offers a picture of a company's financial position as of the publications, including what it owes and liabilities.Income Statement :A financial statement that outlines the total growth and outlays is called an income statement. It also displays a company's profitability or loss over a specific time frame. You can better comprehend the economic health of your company by using the operating income, net assets, and the cash flow statement. A problem is an opportunity to improve one's standing. If one wants to benefit from solving a problem or exploiting an opportunity, a solution that will effectively address the situation is required. Presented below is information for Joe Snow, a sole trader forthe year ending 30 June 2021:Cash balance as at 30 June 202168,340Payments to employees and suppliers291,300Made a $ Discussion Questions1. Using at least two different quality tools, analyze the data andpresent your conclusions.2. How could the survey have been more useful?3. What is the next step?Fast Creek Lightning: (C)* The popularity of the Fast Creek Lightning hockey team under its new coach, Scotty Beauchamp, has surged i each of the five years since his arrival in town. (See Fast Creek what were the purposes of Early Christian art? I NEED THE ANSWERS, AN GIVING BRAINLEST!!!In the story teller why are the children delighted when the bachelor describes Bertha as horribly good?1.They find the choice of words to be unexpected and surprising2. They want the bachelor to keep telling the story3.the children hope something bad happens to Bertha4.the children like stories about horrible children2. Why is most of the conversation at the beginning of the the story teller focused on sheep and cows?1. The children are very interested in the sheep and cows they see in the countryside 2.since the childrens aunt grew up with sheep and cows, she wants to tell the children about them.3. The children hope the bachelor will tell them stories about sheep and cows as they travel through the countryside 4. The aunt hopes to distract the bored children by pointing out the sheep and cows they pass by in the countryside 3. In the story teller the bachelor tells the children a story and uses the phrase horribly good. The author explains there was a wave of reaction in favor of the story what is conveyed by the word wave in that line?1. The children respond immediately to the bachelors use of horribly good2. It causes the children to gasp and murmur to each other3. The children dont respond at all when he uses the phrase4. The children respond in various way to the phrase horribly good4. Part A. What is the theme of the story teller?1. Bad behavior is always punished2. The tried and true way is usually the best way3. Questioning the authority should sometimes be encouraged 4. A story can be judged to be good only if its entire audience is entertained by itPart BHow does Sami develop the theme identified in part A?1. He shows the bachelor assuming control over the children2. He shows the children, and later the bachelor, criticizing and contradicting the aunt.3. He shows the children rebelling against the train conductor 4. He shows how happy the children are when. They are able to get away from the aunt 1What is the range of the following numbers?12, 20, 18, 25,6 (1) Briefly discuss social responsibility from socioeconomic and classical view. (2) Explain the three (3) stages of moral dervelopment (3) As a manager discuss three (3) ways that can improve ethical 1.Identify a specific conservation approach or action where the demands of wildlife conservation and those of animal ethics or welfare may be in conflict.Evaluate the arguments for and against implementing the conservation approach,clearly identifying how conservation may be compromised if the action isn't implemented and how animal welfare2.Assess the value of urban spaces as conservation areas for biodiversity.Consider what species might use urban spaces and what challenges they may face Review Question 2 (Limit your answer between 1/8 and 1/4 page for each question). Read the following article to answer the questions below. Article 1. Hammer, M., "Reengineering Work: Don't Automate, Obliterate," Harvard Business Review, Jul-Aug., 1990. - Business processes refer to the set of logically related tasks and behaviors that organizations develop over time. A company's business processes can be a competitive advantage if they enable the company to innovate better or execute better than its rivals. (Question 2-1) How has ford reengineered its account payable process? - A business rule is a rule that defines some aspect of the business. Business rules provide detailed guidance about how the operations or strategies can be performed in achieving organizational goals. For example, a business rule might state that no credit check is performed on return customers. (Question 2-2) State Ford's old and new business rules in the account payable process. Levi, Ross, Michael, and Andrew bought a gift for their band director. The total cost of the gift, including tax, was $54.00. Levi paid $14, Ross paid 1/3 of the cost, Michael paid one-fourth of the cost and Andrew paid the remaining. Who paid the greatest part of the cost? (explain) While helping an astronomy professor, you discover a binary star system in which the two stars are in circular orbits about the system's center of mass. From their color and brightness, you determine that each star has the same mass as our Sun. The orbital period of the pair is 31.3 days , based on the oscillation of brightness observed as one star occludes (hides) the other. From this information you are able to ascertain the distance between the stars.Required:Calculate the distance between the stars. Which number is not real? *1O1.11O 1/11O-11Oall are real The following is the ending balances of accounts at December 31, 2018 for the Weismuller Publishing Company.Account TitleDebitCreditCash81,000Accounts receivable176,000Inventories293,000Prepaid expenses (1)164,000Machinery and equipment336,000Accumulated depreciation-equipment118,000Investments (2)156,000Accounts payable68,000Interest payable28,000Deferred revenue (3)88,000Taxes payable38,000Notes payable (4)240,000Allowance for uncollectible accounts24,000Common stock (5)408,000Retained earnings194,000Totals1,206,0001,206,000Additional information:1. Prepaid expenses include $136,000 paid on December 31, 2018, for a two-year lease on the building that houses both the administrative offices and the manufacturing facility.2. Investments include $38,000 in Treasury bills purchased on November 30, 2018. The bills mature on January 30, 2019. The remaining $118,000 includes investments in marketable equity securities that the company intends to sell in the next year.3. Deferred revenue represents customer prepayments for magazine subscriptions. Subscriptions are for periods of one year or less.4. The notes payable account consists of the following:a. a $48,000 note due in six months.b. a $129,000 note due in six years.c. a $63,000 note due in three annual installments of $21,000 each, with the next installment due August 31, 2019.5. The common stock account represents 408,000 shares of no par value common stock issued and outstanding. The corporation has 800,000 shares authorized. Previous problem: Celine Company issued $200,000 of 9%, 4-year bonds on Jan 1, 2022, at 91. Interest is payable annually on Jan 1. Assume an effective yield of 12%. The company's year-end is December 31. a) Prepare an amortization schedule using the straight0line method.b) Prepare an amortization schedule using the effective-interest method.c)Using the effective-interest amortization schedule, prepare journal entries from date of issue through Jan 1, 2023 5. What is the common difference in thesequence 8, 433, 458, ...?7bindlho 1121, 1251, 12 Please help :/ due: 4 weeks ago (yay online school) When the allowance method of recognizing bad debt expense is used, the typical write off of a specific customer's account: Multiple Choice a.decreases net income. b.decreases current assets.c. decreases cash flow d.has no effect on net income. e.Has no effect on the balance sheet Read the Case study in Chapter 9 (page 374) titled "Inventory Management at Crayola." Then discuss the following questions in your response:Consider the pressures for small vs. large inventories. Which situation does Crayola seem to fit, and why?Explain how both independent and dependent demand items are present at Crayola.The Marker Maker product recently experienced an unexpected surge in demand and the supply chains agility was credited with helping to meet the crisis. We have discussed four ways to classify operational inventories by how they are created. Regarding the ways managers can use these inventories to satisfy demand, explain how Crayola can achieve the flexibility to adjust to unexpected demand surges.