One important aspect of internal control is the segregation of duties, which makes certain types of fraud difficult or impossible to commit (unless there is collusion or management override). Proper separation of duties would prevent a single individual from having responsibility for two or more "incompatible" functions. In general, these functions, as described in class, include: OA. Authorization of transactions, Recording of the transactions, Custody of any resources related to the transactions, Confirmation (comparison and reconciliation) of recorded amounts to physical resources. OB. Appropriation of assets, Recording of the transactions, Custody of any resources related to the transactions, Clearance of transactions. OC. Authorization of transactions, Replacement of assets, Confirmation (comparison and reconciliation) of recorded amounts to physical resources, Closing of the month's financial data. OD. Authentication of transactions, Responsibility for assets, Clearance of transactions, Closing of the month's financial data.

One important aspect of internal control is the segregation of duties, which makes certain types of fraud difficult or impossible to commit (unless there is collusion or management override). Proper separation of duties would prevent a single individual from having responsibility for two or more "incompatible" functions. In general, these functions, as described in class, include: OA. Authorization of transactions, Recording of the transactions, Custody of any resources related to the transactions, Confirmation (comparison and reconciliation) of recorded amounts to physical resources. OB. Appropriation of assets, Recording of the transactions, Custody of any resources related to the transactions, Clearance of transactions. OC. Authorization of transactions, Replacement of assets, Confirmation (comparison and reconciliation) of recorded amounts to physical resources, Closing of the month's financial data. OD. Authentication of transactions, Responsibility for assets, Clearance of transactions, Closing of the month's financial data.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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PLEASE, WRITE THE SOLUTIONS ON PAPER, EXPLAINING THE ENTIRE PROCESS, THE ONLY AND CORRECT ANSWERS ARE FOR (i) V(t) = exp (-2e^0.02t + 2 ) for 0 15 (i) Derive, and simplify as far as possible, expressions in terms of t for V(t), where V(t) is the present value of a unit sum of cash flow made at time t. You should derive separate expressions for the three sub-intervals. (ii) Hence, making use of the result in part (i), calculate the value at time t = 3 of a payment of £2,500 made at time t = 15. (iii) Calculate, to the nearest 0.01%, the constant nominal annual rate of interest convertible half-yearly implied by the transaction in part (ii). (iv) Making use of the result in part (i), calculate the present value of a payment stream p(t) paid continuously from time t = 15 to t = 20 at a rate of payment at time t given by: p(t) = 300e 0.02t
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Topic: Uni X U2_AS i Topic: Uni X M Question X M Question x M Question √x ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https% 253A%252F%252Flms.mheducation.com%252Fmghmiddle Complete this question by entering your answers in the tabs below. Required 1 Required 2 F2 Moab Incorporated manufactures and distributes high-tech biking gadgets. It has decided to streamline some of its operations so that it will be able to be more productive and efficient. Because of this decision it has entered into several transactions during the year. a. Moab Incorporated sold a machine that it used to make computerized gadgets for $30,600 cash. It originally bought the machine for $21,400 three years ago and has taken $8,000 in depreciation. b. Moab Incorporated held stock in ABC Corporation, which had a value of $23,000 at the beginning of the year. That same stock had a value of $26,230 at the end of the year. c. Moab Incorporated sold some of its inventory for $9,200…
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