Describe an internal control that would prevent the acquisition of office equipment which is not needed by the firm
A higher organizational level or other appropriate person authorizes fixed asset acquisitions; part of the authorization is showing that a need for the asset exists.
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Solve for the rate, rounding to tenths if necessary. What is the rate if the base is 123,200 and the portion is 618,545?
What will be an ideal response?
A C corporation has transferable ownership, which refers to the fact that:
a. a C corporation can change its structure at any time after the first year. b. it can issue stock in exchange for capital and can pass on to new owners. c. it can adapt to more employees as the company grows. d. it can be owned by an unlimited number of shareholders.
Consider the estimated aggregate demand for a company’s ski product line for the upcoming year in the following table. Calculate the average inventory for the month of February under a level production strategy. Assume the beginning inventory for January is 8,000 units.
a. 3,000
b. 2,200
c. 1,800
d. 2,500
Using the fixed-time-period inventory model, and given an average daily demand of 15 units, 3 days between inventory reviews, 1 day for lead time, 30 units of inventory on hand, a service probability of 98 percent, and a standard deviation of daily demand is 3 units, which of the following is the order quantity?
A. About 36.3 B. About 56.8 C. About 42.3 D. About 59.8 E. About 30.4