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Business, 06.05.2020 07:29, ashlynneboogs0056
Jill took $40,000 that she had in savings and started her own business. If left in investments, she would have earned $4,000 this year. Jill also left a job that paid her $50,000 a year and plans on paying herself $30,000. Materials and other labor costs will be $60,000. The company is located in a building that Jill owns. She has an insurance and mortgage payment of $10,000. She could have rented the building out for $20,000.
What are the accounting and economic cost?
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Answers: 1
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Business, 21.06.2019 21:00, myronpacis1128
Management discovers that a supervisor at one of its restaurant locations removes excess cash and resets sales totals throughout the day on the point-of-sale (pos) system. at closing, the supervisor deposits cash equal to the recorded sales on the pos system and keeps the rest. the supervisor forwards the close-of-day pos reports from the pos system along with a copy of the bank deposit slip to the company’s revenue accounting department. the revenue accounting department records the sales and the cash for the location in the general ledger and verifies the deposit slip to the bank statement. any differences between sales and deposits are recorded in an over/short account and, if necessary, followed up with the location supervisor. the customer food order checks are serially numbered, and it is the supervisor’s responsibility to see that they are accounted for at the end of each day. customerchecks and the transaction journal tapes from the pos system are kept by the supervisor for 1 week at the location and then destroyed. what control allowed the fraud to occur?
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Business, 22.06.2019 20:10, keem8224
Given the following information, calculate the savings ratio: liabilities = $25,000 liquid assets = $5,000 monthly credit payments = $800 monthly savings = $760 net worth = $75,000 current liabilities = $2,000 take-home pay = $2,300 gross income = $3,500 monthly expenses = $2,050 multiple choice 2.40% 3.06% 34.78% 33.79% 21.71%
Answers: 2
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Jill took $40,000 that she had in savings and started her own business. If left in investments, she...
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