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Zifner Company and segregation of duties:a. Accounts payable record keeping.b. Authorization of new vendorsc. Authorization of purchase returnsd. Authorization of purchasese. Cash disbursements record keepingf. Check signing authorityg. Custody of inventory in the receiving area.h. Maintaining custody of cash.i. Preparation of a debit memo for a purchase returnRequired:For each of the three employees (supervisor, employee 1, and employee 2), consider the duties you would assign to each employee. In assigning duties, no employee should have more than three tasks and there should be a proper separation of duties to achieve appropriate internal control. List the three people, the duties you assigned to each employee and a description of why those assignments achieve proper separation of duties.
Use of historical costing including the possibility of general price-level adjustments. Why do you think he has made this choice?
The paid-in capital in excess of par value on the preferred stock was $12,000. Retained earnings at December 31, 2010 was $172,000. Prepare the stockholder's equity section of the balance sheet, as of December 31, 2010. If need be, prepare in an E..
If mortgage rates rise from 5% to 10% but the expected rate of increase in housing prices rises from 2% to 9%, are people more or less likely to buy houses?
on july 1 the first day of its fiscal year the city of morgan sold bonds with a face value of 10000000 at 102 percent
Variable costs as a percentage of sales for Leamon Inc. are 75%, current sales are $600,000, and fixed costs are $110,000. How much will operating income change if sales increase by $40,000?
The Bettinghaus Corporation began business on January 2, 2010, with five employees.
capital city corporation uses the conventional retail inventory method to determine its ending inventory at cost. the
what is the goal of financial management for a sole proprietorship? decrease long-term debt to reduce the risk to the
calculate cost of goods sold and ending inventory weighted average cost. calculate the cost of goods sold and the cost
Big Sky Mining has no use for the machine beyond the expiration of the lease, and the machine has an estimated residual value of $250,000 at the end of the 4th year. What is the NAL of the lease?
Carla and Eliza share income equally. During the current year the partnership net income was $40,000. Carla made withdrawals of $12,000 and Eliza made withdrawals of $17,000. At the beginning of the year, the capital account balances were: Carla c..
answer of the following discussion questions please be detail and your responsea. discuss the criteria for utilizing
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