Compound interest is the idea that interest is earned on top of interest from that point forward by adding accumulated interest back to the principal amount. Here, a month's worth of compound interest is calculated (time period). As a result, the time period is 12 times, and the interest rate is divided by 12.
The scenario states that the computation of the provided data is as follows:
The current value is $4000.
Rate = 7%
Monthly compound rate equals 10% times 12.
Duration = 2 x 12 = 84
So, using a financial calculator, we can estimate the value in the future.
FV = $4,884.56
Principal multiplied by one plus the interest rate divided by the number of periods, raised to the power of the number of periods, and that whole subtracted from the principal amount to yield the interest amount, is how monthly compounding is calculated.
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which of the following measures the impact of a negative supply shock? selected answer will be automatically saved. for keyboard navigation, press up/down arrow keys to select an answer. a real gdp will increase, inflation will increase, and unemployment will decrease. b real gdp will decrease, inflation will decrease, and unemployment will increase. c real gdp will decrease, inflation will increase, and unemployment will increase. d real gdp will increase, inflation will decrease, and unemployment will decrease.
Option C: Real GDP will fall, inflation will rise, and unemployment will rise. When AS shifts right rather than left, real GDP will rise and inflation will fall.
When AD shifts right, what happens to unemployment and inflation?Inflation goes up and unemployment goes down when AD goes up.
When AD shifts to the right, what happens to inflation?The equilibrium quantity of output and price level will rise if the AD curve moves to the right.
What is the connection between genuine Gross domestic product genuine result and joblessness?Gross domestic product (GDP) and unemployment are impacted by a variety of factors. However, in the past, an increase in the unemployment rate of slightly less than two percentage points has been associated with a 1% decrease in GDP. Okun's law is commonly used to refer to this relationship.
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kate, the manager of halpern tooling company, wants to create a stronger, more positive culture at the company. how might kate promote and encourage a stronger culture?
Give employees a lunch or a presentation about the company's goals and priorities.
The objectives you should set for your employees should be?Relevant, measurable, attainable, and time-based. We've all heard it, but few people are aware of how to set goals that meet these requirements. Shrewd objectives for work are not difficult to set when you utilize these tips: Specific: Try focusing the goal on a single aspect of an employee's job.
What is the significance of employees setting goals?Employees can be motivated by setting goals. Researchers have found that employees can feel a stronger connection to their company when they set goals. This not only encourages better employee performance but also contributes to increased office optimism.
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Full Question = Kate, the manager of Halpern Tooling Company, wants to create a stronger, more positive culture at the company. How might Kate promote and encourage a stronger culture?
A) Create a spreadsheet showing that employees are better paid than at other companies.
B) Treat employees to a lunch/presentation that showcases the firm's goals and priorities.
C) Analyze the macroenvironment of the company and that of its competitors.
D) Analyze the competitive environment and competitive intelligence of the company.
E) Suggest that supervisors review the company handbook with their departments.
If the democrats maintain control of the house, what will the consequences be for the issue of the economy?.
The democrats and Republicans agreed that the United States should continue to be the world's primary supplier of agricultural products. They supported maintaining the country's agricultural-based economy.
They held that the government should only carry out its obligations under the U.S. The constitution and supported states' rights and a rigorous reading of the document. They democrats the self-government economy and were founded on democratic ideals. Instead of emphasizing the objective of replacing the capitalist system (factor markets, private property, and the wage labour) with a qualitatively different socialist economic system, social democrats championed Keynesian economics, state interventionism, and the welfare state.
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suppose that a group of humans build an enormous space ship of fixed size and travel into outer space, never to return. they live on board the ship and allocate all goods on the ship using markets. as the population grows, the price of housing on board the ship will:
There aren't many readily available, high-quality alternatives to oil. The costs of drilling and exploring would need to be significantly increased in order to boost oil output.
Oil is in short supply globally compared to demand. There are many excellent alternatives to the item. Consumers won't mind buying substitute products if the price of product A increases if there are numerous similarly good alternatives. This indicates that as the price of A increases, the quantity requested significantly decreases. The demand for A is elastic as a result. The demand for an item or service that is totally inelastic would not fluctuate regardless of price; however, no such good or service exists.
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global economies of scale can be realized by: group of answer choices restricting the expansion of overseas sales. limiting the utilization of production facilities. curbing bargaining power with suppliers. decreasing cost savings through learning effects. spreading the fixed costs associated with developing a product.
Global economies of scale can be realized by spreading the fixed costs associated in terms of the development of products.
So, the correct option is E.
The concept of economies of scale describes the phenomenon of declining marginal costs resulting from each additional unit of output. As a business becomes more specialized and can create more products with fewer input costs, it begins to enjoy economies of scale. By increasing output and reducing expenses, businesses may attain economies of scale. Costs are divided to form more products, which causes this. Costs come in fixed as well as variable forms.
The global economy is inherently dependent on commerce since it enables nations to acquire whatever resource they require, regardless of whether it is produced domestically or not. Trade helps to make these resources more accessible.
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light company acquires photon company by paying $25 million in cash. the fair value of the identifiable assets acquired is $30 million. the fair value of the identifiable liabilities acquired is $8 million. what will be the amount of goodwill that light company would record as part of this acquisition?
Three million($25 million purchase price minus $22 million fair value of net assets) is the value of goodwill.
Goodwill is created when the purchase price of the acquiree's stock is greater than the fair value of the transferred consideration, which is typically the purchase price, compared to the fair values of the acquired net assets and intangibles.
The total value of goodwill in a business sale is fairly straight forward: Simply subtract the "fair market value" of the company from the total value of the company's tangible assets (less its liabilities).
Why is kindness valued?
When a business is sold, goodwill is valued in order to accurately calculate the purchase consideration, or the amount that must be paid or received when the business is sold.
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aqua marine corporation purchases a patent at a cost of $120,000 on june 30, 2020. the company estimates the useful life of the patent to be 10 years. the journal entry to record amortization for the 6-month period ended december 31, 2020, includes a
You debit the amortization expense account and credit the intangible asset for the amount of the annual amortization expense when recording it. A debit appears on one side of an accounting record.
A debit raises the balances of assets and expenses while lowering the balances of revenue, net worth, and liabilities.
Cost of patent = $120000
Valuable life = 10 years
Amortization cost = cost of patent/valuable life
= $120000/10 years
= $12000
Amortization cost for quite some time = $12000*6/12 = $6000
Diary passage:
Charge for amortization from Dr to Patent account Cr is $6,000$6000 (Six-month amortization expense has been recorded)
How does depreciation differ from amortization expense?Depreciation is the asset's loss in value over time, while amortization is the method used to reduce the asset's cost over time. This knowledge aids in better comprehending the purchase's financial implications and saves time, effort, and money.
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when comparing the estimated effect of pollution on house prices between regr 2 and regr 3, you conclude that:
Answer: Compare the estimated effect of pollution on house prices across the three models.
Missing: 27 seconds ago +10 points
Explanation:
link negligently ran his car into john, causing $100,000 in injuries. link was intoxicated at the time of the accident. can link discharge this debt in bankruptcy?
Link cannot claims dischargeable in bankruptcy. Link was operating a vehicle while intoxicated. The damages are required to pay by Link.
What is bankruptcy?Through the legal process of bankruptcy, individuals or other entities that are unable to pay their creditors back can seek partial or complete relief from their debts. Bankruptcy is typically imposed by a court order that is frequently requested by the debtor.By selling assets to pay debts or by coming up with a repayment plan, bankruptcy enables those who are unable to pay their bills to start over. Businesses in financial distress are also protected by bankruptcy rules.Insolvency is a state of affairs, while bankruptcy is a legal position. When a company is insolvent, it means it is unable to make its debt payments. If a person or organisation is declared bankrupt, the debts must be settled by selling assets or modifying the payment schedule with government assistance.To learn more about bankruptcy refer :
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find the interest rate needed for an investment of $4,000 to grow to $28,000 in 6 years if interest is compute semiannually.
With a semi annual compound interest rate, the interest rate would be 35.209% compounded semi annually in order to grow from $4,000 investment to $28,000 within 6 years.
The calculation for a semi annual compound interest rate is as follows:
Given that:
A = Principal + Interest
P = Principal (Initial investment)
n = Number of compound per year
t = Time in years
We will then calculate the semi annual compound interest rate from the initial investment of $4,000 in order to grow $28,000 within 6 years:
r = n[(A/P)[tex]{1/nt\\ }[/tex] - 1]
r = 2 × [(28,000.00/4,000.00)[tex]{1/(2)(6)}[/tex] - 1]
r = 0.352094
Then the next step would be to convert r from decimal to R as a percentage:
R = r × 100
R = 0.352094 × 100
R = 35.209% per year
Therefore, an initial investment of $4,000 given a semi annual compound interest rate of 35.209%, will multiply seven fold to $28,000.00 over the period of 6 years.
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now assume that, on average, a purchaser of your video game console buys 10 video games, and you earn $10 profit on each video game. what is the correct price for consoles?
The correct price of the console is $225 at which profit is maximized
Profit is defined as the difference between the level of revenue and the cost that is incurred for producing a commodity. When the level of revenue increases, the amount of profit earned by the firm also increases.
Part a:
Profit is determined by the difference between the level of cost and the revenue earned. Thus, to determine the profit for the video game, the profit-maximizing condition is given at the point where marginal revenue is equal to the marginal cost. Thus, the price at which the profit should be maximized is given as follows,
MR=MC
P-MC/P = 1/E
P-150/P = 1/3
P = 225
Therefore, it can be said that the company needs to charge a higher level price which is greater than $180. The reason being when the price of the console is $225, firms earn the maximum profit. If every console makes a profit of $100, it means that the total level of profit for the video games is given as follows,
Total Profit = $180−$150+$100
=$130
Thus, it means that the company makes a profit of $130. When the price of the video consoles is $150, the level of profit is $130. However, if the firm charges the price at which the profit is maximized then it would mean that the profit earned over a single unit of the console would be higher.
Part b:
If the firm earns a higher level of profit on every unit of console sold it means that the price of the console has also increased. However, if the price of the console is $225 then the firm would earn a higher level of profits. Thus, the correct price is $225, the price at which the profit is maximized.
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should unilever change its current marketing and branding strategy? for example, could unilever extend or reposition its existing cheaper brands, minerva and campeiro, or would a new brand be necessary? what would be the ideal positioning and marketing mix of a unilever brand targeted at low-income consumers?
The global strategy is the most important strategy used by Unilever to compete for market share in the industry. The low-income consumer segment in the Northeast because they represent a large and unengaged market with a distinct customer base.
What marketing strategy does Unilever use?The global strategy is the most important strategy used by Unilever to compete for market share in the industry. The strategy entails marketing brands in local environments as well as maintaining a supply of similar products in these areas.
We are dedicated to ethical marketing and advertising. As a prominent worldwide consumer goods company, we promote the benefits of our products through a variety of brand communication platforms. Marketing and advertising can have a significant impact on behavior change.
What is the unilever brand targeted at low income consumer?Unilever should target the low-income consumer segment in the Northeast because they represent a large and unengaged market with a distinct customer base.
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a company borrowed $28,000 by signing a 180-day promissory note at 6%. the total to be paid at maturity of the note is:
The total to be paid at maturity of the note is $282840.
We have borrowed $28,000, which we have given. The day of signing or note is 180. 360 days in a year. The interest rate is 6%.
Therefore, interest on a loan is calculated as follows: borrowed amount x interest rate x note period/number of days in a year = 28000 x 6 x 180/360 = 840.
So, note maturity value = borrowed amount + interest on note period
= $28000+$840 = $28840. Therefore, the maturity value will be $282840.
The maturity value of a financial obligation is the sum owed and required to be paid to the holder as of the obligation's maturity date. The expression usually refers to the outstanding principal sum of a loan or bond.
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which environmental marketing strategy is especially beneficial for a company to use when it is difficult for another company to imitate the environmental impact of a product?
The promotion of a company's environmentally friendly business operations is known as "green marketing."
The promotion of ecologically friendly goods, services, and projects is known as green marketing or environmental marketing. A wide range of techniques and strategies that are friendly to the environment are more particularly referred to as green marketing. Examples of green marketing include: producing green products. An organization's departments are linked through a holistic business approach, which enables them to function as a single team. To achieve an overarching organizational purpose, all personnel collaborate. The shaded green strategy emphasizes greenness in product development, design, production, and pricing if cost efficiencies can be realized through greenness. It also places some secondary focus on greenness in its more overt promotional efforts.
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how do we know that there is going to be inflation in the economy, i.s., what is the breeding-ground for inflation?
We can know there is going to be inflation when the price of commodities rises.
The cost of living in a nation or the general increase in prices are two examples of broad measures used to describe inflation. People can understand it as the progressive loss of purchasing power brought on by price increases. The effects of inflation, which raises the cost of necessities like food, can be detrimental to society and affect everyone directly.
Most of the commodities being produced can experience inflation, including necessities like housing, food, healthcare, and utilities as well as wants like jewellery, cars or other luxury items. Once inflation is pervasive throughout an economy, both consumers and businesses share a common concern about the possibility of future inflation.
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who is a consumer? who is a customer? who is a buyer? as a student, are you a consumer, customer or buyer? what a three-year old child be? what an ill person not able to go to the store be?
Any person who consumes anything is a consumer. He has the ability to eat, ride, remain, play, etc (u name it..).
A customer is someone who plans to make a purchase at a store. He would be the shopkeeper's customer.
A buyer is a consumer who enters a store and makes a purchase there (a window shopper isn't a buyer but unquestionably a customer).
You are most likely all three of these things as a student: a consumer, customer, and buyer. You consume food, education, health, and a variety of other things. Since you must have visited a store and purchased a pen or perhaps something else from a store at some point, you are also a customer. But if you visit a store but leave empty-handed, you are just a customer, not a buyer.
A youngster under three cannot go shopping. As it must consume baby food, it is merely a consumer.
As the sick person must consume food and medication in order to recover, he is merely a consumer. He can only be a buyer and customer if he visits the store and makes a purchase.
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the main advantage of direct assessment procedures over indirect assessment procedures is that the former:
The main advantage of direct assessment procedures over indirect assessment procedures is that the former are likely to be more accurate.
What's the mean of advantage?noun. any state, circumstance, opportunity, or means specially favourable to success, interest, or any desired end: the advantage of a good education. benefit; gain; profit: It will be to his advantage to learn Chinese before going to China.
Does advantage mean good or bad?If it helps you get what you want, or is generally useful, it's advantageous. The root is the Old French word avantage, which means "advantage, profit, or superiority." Anything that assists in your pursuit of these things is advantageous to you.
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in the context of the job analysis process, reviewing drafts of job descriptions with managers and employees is a subtask of
Reviewing draft job descriptions is a subtask of developing job descriptions and job specifications.
Job analysis is the process of analyzing a job to determine the activities and responsibilities in the job along with the required qualifications and their relationship with other jobs. Job analysis is carried out so that work can be carried out effectively and optimally. So that the quality and productivity of employees will be qualified.
Job description describes the roles, activities, duties and responsibilities of the job while specification represents the skills required to do the job. By doing the development of the job description and specification, it will be known to what extent the roles and responsibilities of the tasks that must be carried out. It will also provide job-related specifications such as setting realistic performance measurement standards.
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at a departmental meeting, stella's manager described an issue and asked for a volunteer to figure out a solution. stella had previously encountered similar issues and was confident she could solve the problem, so she accepted the responsibility. stella's behavior was influenced by
At a departmental meeting, Stella's manager described an issue and asked for a volunteer to figure out a solution.Her behavior was influenced by self efficiency.
Volunteers are people who give their time, labor, and expertise for free. Volunteers frequently work for schools or non-governmental organizations (NGOs), where they are typically trained and report to designated senior staff.
Volunteering requires you to be selfless and only think about how you can make a difference. Great volunteers recognize this and are eager to do everything in their power to effect positive change. When working as a volunteer, it is critical to remain humble about your previous accomplishments and skills.
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he perspective that defines the capabilities needed by the organization to create long-term improvement is the a.process perspective. b.learning and growth perspective. c.financial perspective. d.customer perspective.
The perspective that defines the capabilities needed by the organization to create long-term improvement is the learning and growth perspective.
A balanced scorecard is a performance metric used to recognize, enhance, and manage the various operations and outcomes of a business.David Norton and Robert Kaplan first proposed the idea of BSCs in 1992. They took earlier metric performance measures and modified them to include nonfinancial data.BSCs were initially created for for-profit businesses but were later modified for use by nonprofit organizations and governmental bodies.The balanced scorecard involves tracking a company's performance in four key areas: learning and development, business operations, clients, and finances.Businesses can combine information into a single report using BSCs, which also help to increase efficiency. BSCs can also provide information on service and quality in addition to financial performance.
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which is not an seo puzzle? group of answer choices extreme seo market cycles long-run underperformance negative market reaction on average upon seo announcements very costly to hire underwriters
It's best to choose option (B). Long-term performance issues are not an SEO conundrum.
Does SEO have a long-term outlook?The SEO (search engine optimization) procedure is a long-term investment because it takes time for any great investment to mature. If your business is spending money on traditional marketing initiatives, it is crucial to spend money on SEO and online advertising as well.
Which SEO strategy is the most effective over the long haul?Aligning your website's objectives with those of search engines is the greatest long-term SEO approach. Search engines strive to give users the best possible experience. Your website will be ranked first if it offers the best solution for the term.
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thanks in part to globalization, coca-cola has operations in all but three nations in the world, and pepsi is now available in more than 160 countries and territories. we can conclude that the soft drink industry is an example of: global competition acculturation free trade zone localization international exchange
Coca-cola has operations in all but three nations in the world, and Pepsi is now available in more than 160 countries and territories. we can conclude that the soft drink industry is an example of global competition.
Global competition becomes a form of transnational competition in which the position of an enterprise in one country affects its competitive position in other countries. As a result, companies are contending among themselves for transnational leadership. As a result of such a struggle, the frugality is globalizing.Global competition is when companies contend to vend goods and services on a transnational scale.
As technology, transportation, and communication systems have bettered, competition among companies in different countries has soared. The TV assiduity is a perfect illustration ofthis.Global competition made the product of some goods in developed countries less profitable due to the fairly high costs. The capability to transfer labour- ferocious product to developing countries converted profitable structure in developed countries.
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what leadership approach aims to increase organizational performance by aligning the subordinate objectives throughout the organization with the overall goals set by management?
Management by objective aims to increase organizational performance by aligning the subordinate objective with the overall goals set by management.
The aim of the management paradigm known as management by objectives (MBO) is to increase an organization's performance by establishing objectives that both management and employees can support. According to the principle, giving employees a voice in goal development and action planning promotes employee engagement and participation while also coordinating organizational goals.
A management information system (MIS) must be used in order to compare actual performance and accomplishments with the set objectives. According to practitioners, the main advantages of MBO are that it fosters greater management-employee communication and increases employee commitment and motivation.
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you purchase the following bond. the bond makes interest payments on may 15 and nov. 15 of every year: a b 1 purchase date 4/7/2022 2 price (% of par) 88.15 3 face value $1,000 4 coupon rate 5.4% 5 maturity date 11/15/2032 6 payment frequency semiannual 7 day count basis 30/360 attempt 1/10 for 10 pts. part 1 what is the bond's ytm using excel's yield function?
You purchase the following bond. the bond makes interest payments on May 15 and nov. 15 of every year purchase date 4/7/2022 .
In finance and economics, interest is the payment by the borrower or deposit-taking financial institution to the lender or depositor of an amount in excess of the repayment of the principal at a specified rate. It is different from a fee that a borrower can pay to a lender or a third party.
For example, if you borrow $100 at an interest rate of 5%, you will return $105 to the lender who borrowed the money. The lender makes him $5 in profit. There are many different types of interests that you may encounter in your life. Each loan has its own interest rate, which determines how much you actually borrow.
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while acme lawn mowers makes a profit on all of its products, it sells mowers to retailers at different prices, depending on whether they are independent stores or members of a national chain. it uses:
Acme Lawn Mowers uses price discrimination to make profit by selling mowers to retailers at different prices, depending on whether they are independent stores or members of a national chain.
Write a short note on price discrimination.Price discrimination is a microeconomic pricing strategy when a single provider provides identical or very comparable goods or services in many markets at various rates. Product differentiation differs from price discrimination because of the larger difference in production costs for the variously priced products involved.
The variety in customers' willingness to pay and the elasticity of their demand are the main factors that determine price differentiation. For price discrimination to be effective, a corporation must have market power, which might take the form of a dominant market share, a unique product, exclusive pricing power, etc. All prices that are subject to price discrimination in a market with perfect competition are higher than the equilibrium price.
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kevin sells roman coins. he knows jen is a coin collector, and he sends jen a letter stating that he collector, and he sends jen a letter stating that he has a julius caesar coin he is willing to sell for has a julius caesar coin he is willing to sell for $2500. jen signs and returns the letter but adds $2500. jen signs and returns the letter but adds nothing more than her signature. kevin mails the nothing more than her signature. kevin mails the coin to jen and requests payment, but jen sends coin to jen and requests payment, but jen sends the coin back claiming they do not have a contract. the coin back claiming they do not have a contract. what standard will the court use to determine what standard will the court use to determine whether they have a contract?
Reasonable Person Standard will the court use to determine whether they have a contract.
A contract is a legally enforceable settlement that creates, defines, and governs mutual rights and responsibilities among its parties.[1] An agreement normally involves the transfer of goods, services, money, or a promise to transfer any of these at a future date. In the event of a breach of settlement, the injured birthday party may also are trying to find judicial treatments together with damages or rescission.[2] contract law, the sphere of the regulation of obligations worried to contracts, is primarily based on the precept that agreements must be honored.
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which of the following is not a method of getting a project back into alignment with time and effort estimates? a.) decreasing the scope of the project b.) requiring a team member to spend more time on the project c.) increasing the scope of the project d.) requiring a team member to increase the effort on the project
Ballpark, budgetary, and definitive estimates are the three types of estimates that can be used to communicate costs to customers.
What are the various approaches to estimating effort?There are numerous methods, but none of them are flawless. An overview of the four most frequently mentioned approaches is provided in this article: Estimation methods include expert opinion-based, top-down, bottom-up, parametric, and algorithmic models.
Which method is used to estimate a project?Project management best practices in estimation include Analogous estimation, Parametric estimation, the Delphi method, the 3 Point Estimate, Expert Judgment, Published Data Estimates, Vendor Bid Analysis, and Reserve Analysis. Accurate estimates are essential for effective project planning.
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Answer:
The correct answer is:
Increasing the scope of the project
Explanation:
The manager of a 150-unit apartment complex knows from experience that all units will be occupied if the rent is $1000 per month. A market survey suggests that, on average, one additional unit will remain vacant for each $20 increase in rent. What rent should the manager charge to maximize revenue?.
The manager should charge a rent of $2500 to maximize the revenue from the apartment complex and increase the profit
x = $20 increases
Price = $1000+20x
Quantity = 150-x
a. The first step is to find revenue by coming up with an equation
Revenue = Price × Revenue
R(x) = (1000+20x) (150-x)
b. The second step is to maximize the revenue
R(x) = (- 20x^2 + 2000x + 150000)
c. The third step is to find the derivative and set it to zero
R(x) = (2000x - 150000)
150000 = 2000x
x = 75
d. The fourth step is to determine the rent that the manager should charge to maximize revenue
Price=$1000+20x
Price=$1000+20(75)
Price=$1000 + 1500
Price=$2500
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josefina is the only seller of sopapillas in town. last week, she sold 200 sopapillas, and the marginal revenue of the 200th sopapilla was $1.50 and the marginal cost was $1.75. is josefina maximizing her profit? a) yes, josefina is maximizing her profit. b) no, josefina is producing less than the optimal quantity. c) no, josefina is producing more than the optimal quantity. d) no, josefina is not maximizing her profit despite producing the optimal quantity.
Josefina is the only seller of sopapillas in town. last week, she sold 200 sopapillas, and the marginal revenue of the 200th sopapilla was $1.50 and the marginal cost was $1.75. Considering this option B is correct which is no Josefina is producing more than the optimal quantity.
When the marginal revenue is less than the marginal cost, the marginal profit is negative and a lesser quantity of goods should be produced. Marginal revenue means the increase in revenue that results from selling one additional unit of output. Although it can remain constant when the output remains stable and will eventually slow down as the output increases which follows the law of diminishing returns. Here the marginal revenue is lower than the marginal cost at $1.50 < $1.75 so Josefina should produce lesser sopapillas but she is producing more than the optimal quantity hence profit is not maximized.
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the purpose of segregating the duties of distributing payroll checks and hiring personnel is to: multiple choice
The purpose of segregating the duties of hiring personnel and distributing payroll checks is to separate (a) the authorization of transactions from the custody-related assets.
Separation of Functions (SOD) A fundamental component of effective risk management and internal corporate controls is segregation of duties (SOD). The foundation of the SOD principle is shared accountability for a crucial process, which distributes its essential tasks to multiple parties or departments.
Examples of segregating tasks include Checks shouldn't be in the hands of the person who manages and reconciles the accounting records. It is not recommended that the person who opens the mail and creates a list of the checks received also makes the deposit.
Full Question :The purpose of segregating the duties of hiring personnel and distributing payroll checks is to separate the:
a. authorization of transactions from the custody of related assets.
b. operational responsibility from the recordkeeping responsibility.
c. human resources function from the controllership function.
d. administrative controls from the internal accounting controls.