Business, 16.04.2020 02:28 cheyennerondeau
The following are internal controls related to various cycles1.Sales invoices are matched with shipping documents by the computer system and an exception report is generated. 2.Receiving reports are prenumbered and accounted for on a daily basis. 3.Sales invoices are independently verified before being sent to customers. 4.Payments by check are received in the mail by the receptionist, who lists the checks and restrictively endorses them. 5.Labor hours for payroll are reviewed for reasonableness by the computer system. 6.Checks are signed by the company president, who compares the checks with the underlying supporting documents. 7.Unmatched shipping documents are accounted for on a daily basis. 8.The computer system verifies that all payroll payments have a valid employee identification number assigned by the human resources department at the time of hiring. 9.The accounts receivable master file is reconciled to the general ledger on a monthly basis. Required
For each internal control, identify the type(s) of specific control activity (or activities) to which it applies (such as proper authorization and adequate documents and records).
For each internal control, identify the transaction-related management assertion(s) to which it applies.
Answers: 1
Business, 21.06.2019 22:30
An annuity that goes on indefinitely is called a perpetuity. the payments of a perpetuity constitute a/an series. the equation is: a stock with no maturity is an example of a perpetuity. quantitative problem: you own a security that provides an annual dividend of $170 forever. the security’s annual return is 9%. what is the present value of this security? round your answer to the nearest cent. $
Answers: 2
Business, 22.06.2019 07:50
Budget in this final week, you will develop a proposed budget of $150,000 for the first year of the program and complete the final concept paper for the proposed program due for senior management review. the budget should identify the program's anticipated expenses for the year ahead. budget line items should be consistent with the proposed program and staffing plan. using the readings for the week, the south university online library, and the internet, complete the following tasks: create a proposed budget of $150,000 for the first year of the proposed program including the cost for personnel, supplies, education materials, marketing costs, and so on in a microsoft excel spreadsheet. you may transfer your budget to your report. justify the cost for each item of the proposed budget in a budget narrative.
Answers: 2
Business, 22.06.2019 16:10
Omnidata uses the annualized income method to determine its quarterly federal income tax payments. it had $100,000, $50,000, and $90,000 of taxable income for the first, second, and third quarters, respectively ($240,000 in total through the first three quarters). what is omnidata's annual estimated taxable income for purposes of calculating the third quarter estimated payment?
Answers: 1
Business, 22.06.2019 19:30
Which of the following occupations relate to a skill category of words and literacy
Answers: 1
The following are internal controls related to various cycles1.Sales invoices are matched with shipp...
English, 25.01.2020 07:31
Mathematics, 25.01.2020 07:31
Mathematics, 25.01.2020 07:31
Mathematics, 25.01.2020 07:31
Mathematics, 25.01.2020 07:31
Social Studies, 25.01.2020 07:31
Chemistry, 25.01.2020 07:31
Biology, 25.01.2020 07:31
Mathematics, 25.01.2020 07:31
Mathematics, 25.01.2020 07:31