Business, 17.09.2019 19:30 cxttiemsp021
Nellie works for a large manufacturing company. she heads the information systems department and works closely with the accounting department. nellie knows a lot about the company's database systems and accounting practices. her responsibilities include working with the company's vendors to create data communication lines. the company works with many vendors, including a large number of new vendors that have been added due to the company's rapid growth. recently, nellie has become concerned about the effectiveness of the internal controls in ensuring the integrity of the purchasing function. she expressed her concerns to senior management and has been asked to recommend proactive steps the company can take to prevent fraud from collusion between employees and vendors. a periodic letter to vendors explaining an organization's policy of not allowing employees to accept gifts or gratuities is an effective tool for both preventing and uncovering collusive frauds.
a. trueb. false
Answers: 3
Business, 22.06.2019 11:00
You are attending college in the fall and you need to purchase a computer. you must finance the purchase because your parents will not purchase it for you, and you do not have the cash on hand to purchase it. in blank #1 determine which type of credit would you use to finance your purchase (installment, non-installment, or revolving credit). (2 points) in blank #2 defend your credit choice by explaining why your financing option is the best option for you. (2 points) in blank #3 explain why you selected that credit option over the other two options available. (2 points)
Answers: 3
Business, 22.06.2019 14:00
Which of the following would not generally be a motive for a firm to hold inventories? a. to decouple or separate parts of the production process b. to provide a stock of goods that will provide a selection for customers c. to take advantage of quantity discounts d. to minimize holding costs e. all of the above are functions of inventory.
Answers: 1
Business, 22.06.2019 18:00
Biochemical corp. requires $600,000 in financing over the next three years. the firm can borrow the funds for three years at 10.80 percent interest per year. the ceo decides to do a forecast and predicts that if she utilizes short-term financing instead, she will pay 7.50 percent interest in the first year, 12.15 percent interest in the second year, and 8.25 percent interest in the third year. assume interest is paid in full at the end of each year. a)determine the total interest cost under each plan. a) long term fixed rate: b) short term fixed rate: b) which plan is less costly? a) long term fixed rate plan b) short term variable rate plan
Answers: 2
Nellie works for a large manufacturing company. she heads the information systems department and wor...
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