User Account

All Pages

Which activity is a preventive control

Assignment Help Financial Accounting
Reference no: EM132768555

Problem 1: Which activity is a preventive control?

A. Matching recognition

B. Adequate documents

C. Physical control

D. Independent checks

Proper segregation of duties requires that one person not perform three specific separate functions with respect to a single transaction. Two of those functions are authorization and custody of assets.

Problem 2: What is the third function that should be performed by a different person if proper segregation of duties is to be maintained?

A. Risk assessment

B. Record keeping

C. Investment strategy

D. Financial structure

Reference no: EM132768555

Questions Cloud

What types of financial statements are used by business org : Find What types of financial statements are used by business organizations? Discuss the differences between financial and managerial accounting?
Calculate terminal value and current equity : Calculate Terminal Value and Current Equity? The current cap rate for this type of investment is 8% and going -out cap rate is higher by 0.5%
Determine the cancellation charges payable by the customer : Assuming that the flat charges for the cancellation is `100 and exchange margin is 0.10%, then determine the cancellation charges payable by the customer.
Find what is the inflation premium : The Wall Street Journal reports, What is the inflation premium? What is the fair interest rate on the corporation's 30-year bonds?
Which activity is a preventive control : Which activity is a preventive? What is the third function that should be performed by a different person if proper segregation of duties is to be maintained?
How much equity does trina trikes have : Debt-to-equity ratio of 1.81 times at the end of 2008. If the firm's total debt at year-end was $9.00 million, how much equity does Trina's Trikes have?
What is the net advantage to leasing in thousands : Ownership are estimated at $240,000, but this cost would be borne by the lessor if it leases. What is the net advantage to leasing (NAL), in thousands?
Determine how would organize the business : Determine How do think the leadership of the company monitors routine activity and reacts to unexpected events? How would organize the business?
Which factor do think financial managers should be mindful : Which factor do you think financial managers should be mindful of when it comes to possible fluctuations and why? Explain your answer in detail

Reviews

Write a Review

Financial Accounting Questions & Answers

  Solve the cost of goods sold and ending inventory using fifo

Solve the cost of goods sold and ending inventory using FIFO, LIFO, and weighted average assuming a perpetual inventory system is in place.

  What advice would give henry

Henry is in arrears in tax payments, Henry is cash strapped and wants to defer tax payments for as long as possible. What advice would you give Henry?

  Why do the lifo and average cost inventory cost flow

Why do the LIFO and average cost inventory cost flow assumptions result in different inventory numbers for the perpetual and periodic inventory methods?

  Hedge of firm commitment-short in commodity futures

Construct journal entries made on May 1, on May 30 when the futures are selling at $4.80 per unit, on July 29 when the futures are selling for $4.75 per

  Income taxes into account in its capital budgeting

The income tax rate is 30%. The after-tax discount rate is 14%. The company uses straight-line depreciation on all equipment; the annual depreciation expense will be $60,000. Assume cash flows occur at the end of the year except for the initial inves..

  Shares of its common stock

LMN issued 200 shares of its preferred stock, par $20, and 500 shares of its common stock, par $10 for a total cash consideration of $15,000. The current over-the-counter (OTC) stock prices for its stock were: Preferred, $25; Common, $20.

  What the paid up capital of the hanson holdings shares

$8,000 in cash and 250 Hanson Holdings shares with a fair market value of $192,000. The Paid Up Capital of the Hanson Holdings shares will be

  Derive a total cost formula

SR Co. uses the? high-low method to derive a total cost formula. Using a range of units produced from 2,000 to 5,000?, and a range of total costs

  How do calculate the variable rate per employee hour

Calculate the fixed cost of labor. Calculate the variable rate per employee hour. Round your answer to two decimal places. $per employee hour

  Determine the initial outlay of the project

Pharmos Incorporated, Determine the Net Present Value of the project and advice the company on whether to invest in the new line of product.

  Persuasive argument to help them see more possibilities

Your uncle is working in a company managing their investment center. You approach him with the sales of a large piece of equipment that can help the company save money in the end. Your uncle explains to you that they can’t purchase the equipment beca..

  Effective annual interest rate of the cash discount

What is the effective annual interest rate of the cash discount?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd