What potential risks for the success of business

Assignment Help Financial Accounting

Reference no: EM131264011

Martha Hanson operates a small gift shop that sells various antiques, such as glassware. she employs two clerks who make sales to customers, accept returns when a customer is dissatisfied with merchandise, and put new merchandise on display. One of the clerks, Jill Hays, was hired recently. Martha had always done all the accounting for the store and had made bank deposits. However, Jill has offered to do the accounting for the store during slow periods when there are no customers in the store, she also has begun making bank deposits as she leaves for the day. Having Jill take these responsibilities allows Martha more time for acquiring merchandise for the store and for personal errands. What potential risks for the success of Martha's business are present in this situation?

Reference no: EM131264011

Questions Cloud

What future development do you see for the al jaber group : How did Fatima's upbringing and education prepare her for her current role? To what extent was Fatima's experience different from other women in the UAE - What future development do you see for the AL Jaber Group? How do you see the current role o..

Calculate the gross profit rate and the profit margin : Suppose in its income statement for the year ended June 30, 2017, The Clorox Company reported the following condensed data (dollars in millions). Prepare a multiple-step income statement. Calculate the gross profit rate and the profit margin.

Find the present value and future value : Find the Future Value 80 quarters from now of an investment of $55 today if the interest rate is 4.25% compounded quarterly. Find the Present Value of a 1 year annuity due of $484 per month if the interest rate is 1.99% compounded monthly.

Determine the time necessary to reach a velocity : A square tank, 3 m on a side, is filled with water to a depth of 2 m. A vertical slot 6 mm wide from the top to the bottom allows the water to drain out. Determine the height h as a function of time and the time necessary for one half of the water..

What potential risks for the success of business : Martha Hanson operates a small gift shop that sells various antiques, such as glassware. she employs two clerks who make sales to customers, accept returns when a customer is dissatisfied with merchandise, and put new merchandise on display. What pot..

Take a position and debate as a public administrator : With so many juveniles committing heinous crimes, take a position and debate as a public administrator on whether you think the death penalty should be allowed for juveniles?

Find an expression for the concentration level : The ventilation system delivers 10 m3 of air per minute to the 1500-m3 room. Find an expression for the concentration level of CO2 in the room.

Identify participants in the channel by company name : Map the supply chain of your product as far back as is feasible. - Identify as many participants in the channel as possible by company name and location.

Find the stadium utilization : A 30,000-seat college football stadium is used 20 times for games, concerts, and graduation ceremonies. Each event averages four hours, and assume the stadium is full for each event. The stadium is available 365 days a year from 6 a.m. to midnight. U..

User Account

All Pages