Scenario E4-5 A) List the weaknesses in internal control over cash disbursements. 1) Checks are not pre-numbered. When checks have no numbers‚ no one will know if a check is misplaced or stolen. 2) Too many people are authorized to sign checks. The treasurer should be the only person authorized. 3) Checks are not being kept in a safe area. A filing cabinet‚ even a locked one can be easily pried open and checks stolen. 4) Segregation of duties is not being done‚ the purchasing agent should
Premium Cheque English-language films Accounts receivable
Personal Budget‚ Balance Sheet‚ and Cash Flow Statement Memo To: Mr. Christopher De Maline From: Date: 02/17/2014 Re: Personal Budget‚ Balance Sheet‚ and Cash Flow Statement Dear Mr. De Maline‚ Saving money is extremely important however; some people do not have healthy savings thus leading them to financial instability. Therefore‚ being a good steward over your finances should be consistent and begin at an early age and progress as you age. This will provide an effective growth
Premium Finance Investment Management
Bicol University COLLEGE OF ENGINEERING Department of Electrical Engineering Legazpi City February 19‚ 2013 Wilfredo G. Sarmago Facility Manager Aboitiz Power Renewables Inc. Tiwi Asset Putsan‚ Tiwi‚ Albay Sir: Good day! As part of the curriculum for the Bachelor of Science in Electrical Engineering at Bicol University College of Engineering‚ Legazpi City‚ fourth year students are required to undergo an On-the-Job Training program in an appropriate cultivating environment. This
Premium Philippines Training Electrical engineering
To Whom It May Concern It gives me pleasure to certify that Zobair Rahman‚ a student of Department of Electrical & Electronic Engineering (EEE)‚ ______ university has been personally known to me for 2 years. He is enrolled as a student in his last semester. I think he will complete his B.Sc. Engineering degree in Electrical and Electronic Engineering with a CGPA of approximately 3.75 out of 4. As a faculty of Electrical & Electronic Engineering department‚ I had an opportunity to observe his participation
Premium Electrical engineering Electronics University
1. Providing good customer services is essential Nowadays consumers have high demand not only on the product’s quality‚ but also on the quality of a company’s customer service. A company’s reputation is as good as the customer service provided and it would tremendously affect a company’s reputation and standing on a specific field and hence companies should not neglect the necessity of providing world class customer services especially like ASUS company which is an emerging leader in the Asia’s
Premium Laptop Customer service Apple Inc.
Date: July 28‚ 2011 To: Mr. William D’ Price‚ Company President From: Yoilen Alfonso‚ Sales Vice President. Subject: A&Y Sophisticated Jewel- sales increase. A few weeks ago our employee Sidney Alison (of shift 2 department 5 of sales) came to me with the question "What can our company do to improve our sales?" That question has been essential in allowing me to gain a better understanding of the problems that have to do with increasing our sales which has a 5% low in the last month‚ and I
Premium Marketing Advertising Mail
What is the appropriate classification in the statement of cash flows in the company’s December 31‚ 2010‚ financial statements for its purchase of 2012 EAs from Clean Air Corp ? According to the FASB codification section 805-50-3-1-2‚ these allowance will be recognized as intangible assets at their cost. When a company buys any assets‚ the cash outflow due to purchase will be classified in the investing section of the statement of cash flows. Standard Accounting Entry for Purchase DR
Premium Revenue Generally Accepted Accounting Principles
Introduction The purpose of this report is to present the findings of an analysis which was conducted on SAS (statistical analysis software) in order to make a buying recommendation to the organization for the best BI (Business Intelligence) software package. Business intelligence can be a tremendously valuable tool for organizations such as ours when it is used properly. The ability to look at the results from the analysis of actual business data and make decisions is critical for our success.
Premium Risk Business intelligence Risk management
Chapter 7 – Discounted Cash Flow Techniques page 247 A brief tutorial on Excel financial functions (problems to follow) You may find the following Excel‚ built-in financial functions helpful when analyzing the problems below. (To access these functions‚ select Insert‚ Functions‚ and choose Financial.) =PV(rate‚ nper‚ pmt‚ fv‚ type) returns the present value of a series of cash flows. =FV(rate‚ nper‚ pmt‚ pv‚ type) returns the future value of a series of cash flows. =PMT(rate
Premium Net present value Rate of return Internal rate of return
Title: Authors: To: Source: Document Type: Appraisal report of Air Thread connections Jennifer Zhang Robert Zimmerman (Vice President of ACC) New York Business Review‚ august 2007‚ volume 3‚ pp34-89 Appraisal Report ABSTRACT This paper intends to analyze and evaluate the Air Thread Connection (ATC) Company and determine whether the acquisition by the American Cable is acceptable. From the outset‚ it is observable that‚ the acquisition would give American Cable access to wireless technology
Premium Discounted cash flow Cash flow Net present value