Solution :
In the context, it is given that foreman in a construction company is responsible for the workers who are unskilled labors.
1. The segregation of the duties which involves the separation of the main functions and have them to conducted by the different workers. But here in this case, the approval of the attendance of the employees and the distribution of the checks to the worker are the important activities that are being conducted by a single employee.
2. This may result into frauds to the company. If the segregation of the duties is not implemented, then the company is at risk. This is because a single employee does the work for the approval of the attendance of the workers and distributing the checks to them for their work. So this can result in a fraud if the foreman wants to do fraud. But distributing the work among two employee will reduce the risk of fraud as one employee many not be willing to do fraud.
Answer:
Love Drycleaner's Assets: 81
Ernie's Bank Liability: 5
Weekly Stop Grocery Equity: 31
Ernie's Bank has the strongest financial position as it has de better debt to equity ratio
Explanation:
Accounting equation:
Assets = Liability + Equity
<u>Love Drycleaners:</u>
Assets ??? = Liab 43 + Equity 38
Assets = 43 + 38 = 81
<u>Ernie's Bank:</u>
Assets 25 = Liab ?? + Equity 20
Liab= 25 - 20 = 5
<u>Weekly Stop Grocery:</u>
A 38 = L 9 + E ??
equity = 38 - 9 = 31
THe strongest financial position will be for Ernie's Bank
As the debt to equity ratio is the lowest:
<u>Love Drycleaners: </u> 43/38 = 1.13 there is 1 dollar of debt per every dollar of quity an increase in the interst rate may cause troubles to this company.
<u>Ernie's Bank: </u> 5/20 = 0.25 There is 0.25 of debt per every dollar of equity This company is finance almost through equity so it could useleverage if needed to keep operations
<u>Weekly Stop Grocery:</u> 9/31 = 0.29 This company is also in good position as Ernie's but the question is for the strongest and that one is Ernie's Bank
Depending on what you work at if you are a hard worker you can excel at many things. If you speak 2 languages that can also help you go up. So does your personality
Answer:
Helping organisations spot suspicious activity.
Explanation:
Online analytical processing can be described as a type of technology that is utilized by different organizations to achieve an excellent database. It gives managers of large organisations access to store large volumes of information such as employees data, the various equipments bought in the company and the costs incurred, the different activities that take place in the organization.
Online analytical processing also serves as a tool that is used to track the performance and activities of various employees in the organization so as to track any suspicious activity.
Answer:
Taylor should recognize revenue in 2021 in the amount of $0.00
Explanation:
IFRS 15 Requires entity to recognise revenue WHEN the transfer of control of goods and services is made to the customer.
It is important to note that Control is transferred on an as-needed basis to King Associates
Tylor has not yet transfered any handyman services during 2021. Therefore no revenue is recognised as transfer of control of goods and services is made to the customer does not exist.
Only when handyman services are provided then the revenue is recognised in the year the servises are provided.
