E4-3. The following control procedures are used in Elke Company for over-the-counter cash receipts. 1. Cashiers are experienced; thus‚ they are not bonded.Internal Control Weakness: There is a higher chance of theft with more experienced cashiers. Change: Cashiers should be bonded experience or not experienced. 2. All over-the-counter receipts are registered by three clerks who share a cash register with a single cash drawer.Internal control weakness: Disorganization and interference may
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(d) Received $800 from customers in payment of their accounts. Cash 800/ Net Income 800 (e) Purchased equipment for cash‚ $2‚500. Cash -2500/ Net Income 0 (f) Recorded depreciation of building for period used‚ $600. Cash 0/ Net Income -600 P4-2A A. | | GENERAL JOURNAL | PAGE | | | | | GENERAL | | 2012 | ACCOUNT TITLE | DEBIT | CREDIT | Jun | 30 | Supplies Expense | 1280 | | | | Supplies | | 1280 | | | (to record supplies used) | | | Jun | 30
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Chapter 3 #2 - When is a company’s competitive advantage most likely to endure over time? A company’s competitive advantage is most likely to endure over time when the company has built barriers to imitation‚ which make it difficult for a competitor to copy the company’s distinctive competencies. Another element needed is the ability to quickly react to changes in the customer’s needs and have a high absorptive capacity in order to identify‚ value‚ assimilate‚ and use new knowledge. Lastly‚ the
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Guided Reading Questions: Chapters 3 and 4 These questions are meant to serve as guide to help you pick out the most important information. Answer these questions to the best of your ability. Bulleted lists are acceptable as long as they consist of more than a few words. These concepts should be well thought out. Chapter 3 “Introduction” “Global Competition and the Expansion of England’s Empire” “Origins of American Slavery” “Colonies in Crisis”- Choose only one sub-topic “The Growth of
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Chapter 4 accounting for merchandising BUSINESSES Problems P4–1 1. AQUA CO. Income Statement For the Year Ended June 30‚ 20Y8 Revenue from sales: Sales $ 3‚625‚000 Less: Sales returns and allowances $ 37‚800 Sales discounts 20‚200 58‚000 Net sales $ 3‚567‚000 Cost of merchandise sold 2‚175‚000 Gross profit $ 1‚392‚000 Operating expenses: Selling expenses: Sales salaries expense $ 388‚800 Advertising expense 45‚900 Depreciation expense—store equipment 8‚300
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Unit 3 Early years settings have to have policies and procedures to safeguard children from harm and danger. Examples of these are: Fire procedure Accident and injury procedure Arrival and departure procedure Medication policy Confidentiality policy Behaviour management policy E3: Describe how the policies and procedures will help safeguard children Arrival and departure procedures help to safeguard children because it means people can’t just walk into the placement and get to the
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Darcie Dragon Chapters 3&4 Based on the readings from this week‚ answer the following questions. Remember to follow the format outlined at the beginning of the semester for assignments. Chapter 3 Questions: 1. Athletic trainers and other professionals who work with athletes must know the basic structure and function of tissues so they can understand basic body mechanics. If someone asks an athletic trainer what type of tissue forms the tendons and ligaments of the body‚ what would be the answer
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Reading Journal #4 In chapters 3-5 in Outliers‚ Malcolm makes a very great point. People in this world tend to think that those with IQ’s higher than 140 are the ones that are going to have great futures with jobs that will make them great income. Now anyone in this world would agree that those with high IQ’s are intelligent‚ but just because they may be smarter than most people‚ does not necussarily mean that they are going to succeed in life. Having a high IQ does not define who you are‚ the
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BI108 QUIZ No2: Chapters 3 & 4: Macromolecules 1. . The major carbohydrate-storage molecule in plants is: a. starch. b. cellulose. c. glycogen. d. deoxyribonucleic acid. e. maltose 2. The helix is an example of which level of protein structure? a. Primary structure b. Quaternary structure c. Secondary structure d. Tertiary structure e. none of the above 3. The number of D-amino acids that occur naturally in proteins is: a. zero. b. 20. c. 19. d. 9. e. none of the above 4. In polysaccharides
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Introduction In this report I will talk about PlayStation 4‚ a product from Sony Company‚ and the most rated among all the products. PS4 (PlayStation 4) is what the name itself says‚ it is a console that allows you to play video games‚ but it is made for more activities‚ such as watching movies‚ browse the internet and listen to music. Sony has made a lot of advertising in order to promote their product. PlayStation has been one of the most successful
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