Answer:
a. Sales budget
Explanation:
Sales Budget is the starting point for the Budgetary process. The sales budget projects the number of units to be sold to meet the firms targets.
These units will then need to be used to populate the production required by the firm to meet its sales needs plus any inventory balances.
Jack's Toys sells kites for $35 each. Variable costs are per kite. Fixed costs are per month. What is the contribution margin ratio for the kites?
Answer:
contribution margin ratio= (selling price - unitary variable cost) / selling price
Explanation:
We weren't provided with enough information to calculate the contribution margin ratio, but, I will provide the formula and an example to guide an answer.
To calculate the contribution margin ratio, we need to use the following formula:
contribution margin ratio= (selling price - unitary variable cost) / selling price
For example:
Selling price= $35
Unitary variable cost= 23
contribution margin ratio= (35 - 23)/35
contribution margin ratio= 0.34
Wayne Enterprises declared annual cash dividends of $10 million, $12 million, and $50 Million in its first three years of operation-2017, 2018, and 2019 respectively. Wayne also had $200 million of outstanding, cumulative and nonparticipating, preferred shares that yield 10%. How much in dividends did the common stock shareholders receive in 2019
Answer:
the dividend to be paid to the common stock shareholder is $30 million
Explanation:
The computation of the dividend to be paid for the common stock shareholder received is shown below:
= Total dividend for the year 2019 - (Number of outsanding cumulative shares × yield percentage)
= ($50 million - $200 million × 10%)
= $50 million - $20 million
= $30 million
hence, the dividend to be paid to the common stock shareholder is $30 million
Data related to the inventories of Alpine Ski Equipment and Supplies is presented below: Skis Boots Apparel Supplies Selling price $ 160,000 $ 169,000 $ 107,000 $ 71,000 Cost 130,000 138,000 74,900 46,150 Replacement cost 120,000 119,000 111,000 42,150 Sales commission 10 % 10 % 10 % 10 % In applying the lower of cost or net realizable value rule, the inventory of apparel would be valued at:
Answer:
Alpine Ski Equipment and Supplies
In applying the lower of cost or net realizable value rule, the inventory of apparel would be valued at:
$74,900
Explanation:
a) Data and Calculations:
Inventories of Alpine Ski Equipment and Supplies:
Skis Boots Apparel Supplies
Selling price $ 160,000 $ 169,000 $ 107,000 $ 71,000
Cost 130,000 138,000 74,900 46,150
Replacement cost 120,000 119,000 111,000 42,150
Sales commission 10 % 10 % 10 % 10 %
Net realizable value $144,000 $152,100 $96,300 $63,900
Lower of cost or NRV $130,000 $138,000 $74,900 $46,150
b) Alpine Ski Equipment and Supplies applies the lower of cost or market rule by recording the cost of inventory at the lower of the original cost or its net realizable value. In all the product categories, the costs are lower than the net realizable values. To get the net realizable value for each product category, we deduct the sales commissions from their respective selling prices.
Young people need about
hours of sleep every night.
A. six to eight
B. seven to nine
C. eight to ten
D. nine to eleven
Answer:
B
I think seven to nine is the answer.
During 2019, Jerry is a self-employed therapist, and his net earned income is $121,000 from his practice. Jerry's SEP Plan, a defined contribution plan, states that he will contribute the maximum amount allowable. Calculate Jerry's contribution.
Answer:
Jerry's SEP Plan
Maximum Allowable Contribution
= $30,250.
Explanation:
a) Data and Calculation:
Net earned income = $121,000
SEP IRA Plan = 25% of $121,000 = $30,250
The value of the above calculation is less than the $57,000 maximum.
b) Jerry, as a self-employed therapist, can make contributions to his SEP-IRA each year. These contributions cannot exceed the lesser of 25% of compensation or $57,000 for 2020 ($56,000 for 2019 and subject to annual cost-of-living adjustments for later years), according to the information published by the Internal Revenue Service.
c) Jerry's simplified employee pension (SEP or SEP IRA) is a retirement plan that Jerry can establish as a self-employed therapist or individual.
The following data applies to a particular item of merchandise: On hand at start of period 300 $5.10 1st purchase 500 5.20 2nd purchase 700 5.30 3rd purchase 600 5.50 Number of units available for sale 2,100 On hand at end of period 500 Number of units sold during period 1,600 Of the 1,600 units sold during the period, 300 were from the beginning inventory; 500 from the first purchase; 600 from the second purchase; and 200 from the last purchase. Using the weighted-average costing method and rounding the average unit cost to the nearest whole cent, the value of the inventory on hand at the end of the period would be
Answer:
$2,650
Explanation:
beginning inventory 300 units at $5.10 = $1,530
1st purchase 500 units at $5.20 = $2,600
2nd purchase 700 units at $5.30 = $3,710
3rd purchase 600 units at $5.50 = $3,300
total number of units 2,100
total cost = $11,140
average cost per unit = $5.30
ending inventory = 500
value of ending inventory using average cost = 500 x $5.30 = $2,650
Bill jones inherited 5000 shares of stock priced at $50 per share. he does not want to sell the stock this year due to tax reasons but he is concerned that the stock will drop in value before year-end. Bill wants to buy put at $40 strike and sell calls at $50 strike to establish a collar to protect his inheritance. January call options with a strike of $50 are quoted at a cost of $2, and January puts with a $40 exercise price are quoted at a cost of $3. If Bill establishes the collar and the stock price winds up at $35 in January, Bill's net position value including the option profit or loss is _____
a. $195,000
b. $220,000
c. $175,000
d. $215,000
Answer:
a. $195,000
Explanation:
call strike price $50
call premium received $2
put strike price $40
put premium paid $3
you pay $2 - $3 = -$1
stock value $35
put value $5
call value -
premium paid -$1
net stock value $39
total # of stocks 5,000
portfolio's value $195,000
The Cash account in the ledger of Clear Windows shows a balance of $12,596 at September 30. The bank statement, however, shows a balance of $16,253 at the same date. The only reconciling items consist of a bank service charge of $16, a large number of outstanding checks totaling $6,740, and a deposit in transit.
-Cardinal Company's bank statement showed a balance at May 31 of $180,974. The only reconciling items consisted of a large number of outstanding checks totaling $51,847. At May 31, what balance should Cardinal's Cash account show?
A) $232,821.
B) $129,127.
C) $77,280.
D) Some other amount.
Answer:
1. $3,067
2. B) $129,127.
Explanation:
a. The computation of amount deposit in transit is shown below:
The amount of deposit in Transit = Balance as per Cash Book as on 30th Sept - Cheque outstanding realized - Bank charges - Balance as per Bank Book
= $12,596 + $6740 - $16 - $16,253
= $3,067
Deposit in Transit inflates the general ledger initially till it is credited in the bank book.
b. The computation of balance should Cardinal's Cash account show
Cash Account should show a balance = Bank Statement Balance as on May 31 - Outstanding Cheque on May 31
= $180,974 - $51,847
= $129,127
As we can see that the cash account balance is less because there is an outstanding
The account balances and income statement of Winniford Towing Service at June 30, 2018, follow: LOADING...(Click the icon to view the account balances.)LOADING...(Click the icon to view the income statement for the month.) Requirements 1. Prepare the statement of retained earnings for Winniford Towing Service for the month ending June 30, 2018. 2. What does the statement of retained earnings report? Requirement 1. Prepare the statement of retained earnings for Winniford Towing Service for the month ending June 30, 2018.
Answer:
A.Retained earnings June 30 $8,200
B.Income statement June 30$7,800
C.The statement of retained earnings will report Changes that occured in the retained earnings for a business entity during a period of time.
Explanation:
A. Preparation of statement of retained earnings
Retained earnings
for the month ending June 30, 2018.
Retained Earning June 1 $3,400
Add Net income for the month $7,800
=$11,200
Less Dividend $3,000
Retained earnings June 30 $8,200
Therefore the Retained earnings for June 30 will be $8,200
2.Preparation of Income statement
Income statement
for the month ending June 30, 2018.
Revenue:
Service Revenue $10,800
Less :Expenses
Salary expenses ($2,200)
Rent expenses ($800)
Net income $7,800
($10,800-$3,000)
Therefore Winniford Towing Service Income statementfor the month ending June 30, 2018 Net income will be $7,800.
C. Based on the above calculation the statement of retained earnings will report
Changes that occured in the retained earnings for a business entity during a period of time.
The balance account
A balance account is one that shows the balance amount of the bookkeeping records. It the sum of balance of debt entries into the account at the time of financial year. The account balance and income statement of Winniford services at june 30 2018.
Thus shows us the answer retained earnings of june 30 are $8, 200. The income statements June 30 $7, 800 and retained earnings in point of time.
The account balances of the income statements for the months of june are given. As per the question the statement for the retained earnings of the winniford Towings services of june 30 2018 end are $8,200 while the Income statement is $7,800.The statement for the retained earnings will report Changes that occured in the retained earnings for a business entity during a period of time.Learn more about the account balances.
brainly.com/question/17350392.
Crockin Corporation is considering a machine that will save $9,000 a year in cash operating costs each year for the next six years. At the end of six years it would have no salvage value. If this machine costs $33,165 now, the machine's internal rate of return is closest to:_______.a. 16%.b. 17%.c. 18%.d. 19%.
Answer:
IRR = 16.5%
Explanation:
The IRR is the discount rate that equates the present value of cash inflows to that of cash outflows. At the IRR, the Net Present Value (NPV) of a project is equal to zero
If the IRR greater than the required rate of return , we accept the project for implementation
If the IRR is less than that the required rate , we reject the project for implementation
IRR = a% + ( NPVa/(NPVa + NPVb)× (b-a)%
NPV = PV of annual savings - initial cost
PV of annual savings = A× (1- (1+r)^(-n) )/r
A- annual savings in operating cost , r- rate of return, n- number of years
NPVa at 10% discount rate
PV of cash inflow = (9,000× 1-1.1^-6)/0.1 = 39,197.35
NPV = 65,328.91 - 33,165 = 6,032.35
NPVb at 20% discount rate
PV of cash inflow = (9,000× 1-1.2^-6)/0.2= (3,235.41)
NPV = 29,929.59 -33,165 = (3,235.41)
IRR = a% + ( NPVa/(NPVa + NPVb)× (b-a)%
IRR = 10% + ( (6,032.35/(6,032.35 +3,235.41) )× (20-10)%= 16.51%
IRR = 16.5%
Ben Gordon, Inc. manufactures 2 products, wheels and seats. The company has estimated its overhead in the assembling department to be $420000. The company produces 300000 wheels and 600000 seats each year. Each wheel uses 2 parts, and each seat uses 3 parts. How much of the assembly overhead should be allocated to wheels?
Answer:
$41,250
Explanation:
Given the following :
Total estimated overhead = $420,000
Number of wheels produced = 300,000 ; uses 2 Parts
Number of seats produced = 600,000 ; uses 3 parts
Number of wheels * part = (300,000 * 2) = 600,000
Number of seats * part = (600,000 * 3) = 1,800,000
Total = 600,000 + 1,800,000 = 2,400,000
Allocated overhead for wheels :
[wheels total / (wheels total + seat total)] * estimated overhead
(600,000 / 2,400,000) * $165,000
0.25 * $165,000
= $41,250
Brazilian Juice, a manufacturer of healthy fruit juices in Brazil, sells juice in six different countries including United States. Brazilian juice is engaging in a. economic development in United States. b. exercising nontariff barriers in Brazil. c. unfair trade practices. d. globalization. e. the World Trade Bank Group.
Answer:
d. globalization.
Explanation:
In this scenario, Brazilian Juice, a manufacturer of healthy fruit juices in Brazil, sells juice in six different countries including United States. Hence, we can safely conclude that Brazilian juice is engaging in globalization.
Globalization can be defined as a strategic marketing process which involves rapidly, effectively and efficiently providing finished goods and services to meet the needs of potential customers across the world or in various countries across the globe.
Simply stated, it involves the spread of products, technology, and significant investments across many countries in the world.
The common stock of Southern Airlines currently sells for $33, and its 8% convertible debentures (issued at par, or $1,000) sell for $850. Each debenture can be converted into 25 shares of common stock at any time before 2025. What is the conversion value of the bond?
Answer: $825
Explanation:
Convertible bonds or debentures can be converted into stock in a company by the holders.
The Conversion Value of the bond is given by;
Conversion Value of the Bond = Stock Price * Conversion Ratio
Conversion Ratio = 25 shares for one debenture.
= 25/1
= 25
Conversion Value of the Bond = Stock Price * Conversion Ratio
= 33 * 25
= $825
How does context influence your communication? Consider the language and culture people grew up with, and the role these play in communication styles.
Answer with Explanation:
The context of communication adds value in the communication as now the listener would be more engaged and attentive to what the person is conveying in his message. It also helps listener to interpret communication.
Something might be funny in one culture and not in another. This means if you are adding something that is culturally correct then it is more probable that the message conveyed was effective. Hence contexts must be according to the culture, norms, stories of people whom they know, etc. Hence cultural differences are of immense importance when we are setting up contexts for our communication.Level of Formality. The communication must be as per the occasion and level of formality of the occasion. In simple words, I would say that "When in Rome, do as the Romans do". If you are in a Formal occasion then your presentation must reflect use of formal language and when you aren't attending a formal occasions then you must be very relaxed and easy with the people (Usually friends) and of-course the dressing would be very casual.In which of the following statements are the terms "demand" and "quantity demanded" used correctly?
A) When the price of ice cream rose, the demand for both ice cream and ice cream toppings fell.
B) When the price of ice cream rose, the quantity demanded of ice cream fell and the demand for ice cream topping fell.
C) When the price of ice cream rose, the demand for ice cream fell and the quantity demanded of ice cream toppings fell.
D) None of these statements uses the terms correctly.
Answer:
B) When the price of ice cream rose, the quantity demanded of ice cream fell and the demand for ice cream topping fell.
Explanation:
A rise in the price of a good would lead to a fall in the quantity demanded of the good.
So, a rise in the price of ice-cream would lead to fall in the quantity demanded of ice cream.
A rise in the price of ice-cream would lead to a fall in the demand for ice cream toppings.
On the income statement of a merchandising company, interest income and interest expense are reported:
Answer: B. As separate items of other income and expense below the net operating income or loss
Explanation:
In a Merchandising company, the main revenue stream is not from interest revenue so when income from interest is received, it is not recorded with the normal revenue so as not to overstate revenue from operations. It will instead be recorded after the net operating income in the other income and expense section.
The same goes for finance costs such interest expenses. Income tax expense is also recorded here.
Jurvin Enterprises recorded the following transactions for the just completed month. The company had no beginning inventories. a. $94,000 in raw materials were purchased for cash.b. $89,000 in raw materials were requisitioned for use in production. Of this amount, $78,000 was for direct materials and the remainder was for indirect materials.c. Total labor wages of $132,000 were incurred and paid. Of this amount, $112,000 was for direct labor and the remainder was for indirect labor.d. Additional manufacturing overhead costs of $143,000 were incurred and paid.e. Manufacturing overhead costs of $152,000 were applied to jobs using the company’s predetermined overhead rate.f. All of the jobs in progress at the end of the month were completed and shipped to customers.g. Any underapplied or overapplied overhead for the period was closed out to Cost of Goods Sold.
Question Completion:
1. Post the above transactions to T-Accounts
2. Determine the adjusted costs of good sold for the period.
Answer:
Jurvin Enterprises
1. T- Accounts:
Date Description Debit Credit
Raw Materials Account
a. Cash $94,000
b. Work in Process Account $89,000
Balance 5,000
Cash Account
a. Raw Materials Account $94,000
c. Wages Account 132,000
d. Manufacturing Overhead Account 143,000
Work in Process Account
b. Raw Materials $89,000
c. Wages Account 132,000
e. Manufacturing Overhead 152,000
f. Cost of Goods Sold $373,000
Wages Account
c. Cash Account $132,000
c. Work in Process Account $132,000
Manufacturing Overhead Account
d. Cash Account $143,000
e. Work in Process Account $152,000
g. Cost of Goods Sold 11,000
Cost of Goods Sold Account
f. Work in Process Account $373,000
g. Overapplied Overhead $11,000
Explanation:
a) Data is as given in the question.
b) The Cost of Goods Sold totals $373,000 being the value of Work in Process that is transferred when all the jobs in progress at the end of the month were completed and shipped to customers.
c) The overapplied overhead arises from the difference between the overhead applied to work in process and the actual manufacturing overhead incurred.
Any put additional that holds securities, cash, or other commodities serves as a brokerage account. A day dealer's principal fund is commonly referred to as a trading account.
Assets stored in a trading account are kept distinct from all those maintained in a long-term purchase and hold plan.
The T-Account has been attached below.
b) The overall cost of goods sold equals $373,000, which shows the value of Work in Process that is transferred when all tasks in progress at the end of the month are finished and sent to customers.
c) The discrepancy between both the excess applied to work in progress and the actual manufacturing overhead incurred is the basis of the overapplied overhead.
To know more about the calculation of the cost of goods sold or T-Accounts, refer to the link below:
https://brainly.com/question/13296920
Children in poor neighborhoods often have bleak outlooks on life and see little gain from studying. In a recent experiment, children in poor neighborhoods were paid $100 for each A they earned during a six-week grade reporting cycle. Suppose a participant in this experiment was expending $0 worth of effort in studying for each class before the experiment. Over the next 6 weeks, the student has a math class and an English class, where getting an A in math would require the student to exert $98 worth of effort, while getting an A in English would require the student to exert $84 worth of effort. In this experiment, the student (would or would not) increase time studying for math, and the student (would or would not) increase time studying for English.
Answer:
For maths; the student would not increase time studying
For English; the student would increase time studying
Explanation:
We can make this assertion because we are told that the children are from poor neighborhoods, so they have desire to ease their financial lack.
Further, because they do not see the importance of studying, they likely would avoid the extra effort of $98 for maths when they can exert $84 worth of effort for English which is lower.
A relational database can be defined as a self-describing collection of non-integrated relations.
a) true
b) false
Answer:
False
Explanation:
The definition above for a relational database is false. The relational database is majorly based on the relational model of data. The data item collected are organized and arranged in a set of tables with rows and columns.
This type of database provides access to data points which are related. The tables in which these data are arranged and organized can be knowm as "relations". They are divided into rows (records) and columns (fields).
Products such as steel, bulk chemicals, and industrial electronics do not require much differentiation because the taste and preference for these products is similar all around the world. These products are examples of g
Answer:
universal needs.
Explanation:
Universal needs products are those that do not require much differentiation because they are products that will generally become other products, that is, steel, bulk chemicals and industrial electronics are used all over the world to build other essential products in the world whole, such as industrial equipment, household appliances, means of transport, etc.
Given a stock with a beta of 1.2, risk free rate of 4%, and a market return of 10%, calculate the required return.
Answer: 11.2%
Explanation:
The required return of this stock can be calculated using the Capital Asset Pricing Model (CAPM) which is expressed as follows;
Required return = Risk free rate + beta ( Market return - risk free rate)
= 4% + 1.2 ( 10% - 4%)
= 11.2%
The following calculations help you see how the ratio of debt to GDP changes from one year to the next. Suppose that in a hypothetical country with a currency called the ducat, debt is equal to 140 trillion ducats and GDP is equal to 100 trillion ducats. This means that the ratio of debt to GDP is 1.4, or 140%. Also, suppose that the deficit is 7 trillion ducats, which is 7% of GDP.
When the government runs a deficit, it spends more than it collects in tax revenue. To make up the difference, it borrows. So if t runs a deficit of 7 trillion ducats, debt increase by 7 trillion ducats. So debt next year is 147 trillion ducats. Suppose that there is no growth in real GDP and inflation is equal to -2% per year. Negative inflation is the same as deflation. Next year's GDP will be equal to _____ trillion ducats.
if the ratio of debt to GDP is 1.4 this year, the ratio of debt to GDP next year when inflation is equal to -2% year will be _____
Suppose that the deficit remains constant at 7% of GDP and that inflation persists at -2%. The debt to GDP ratio the year after next will be _____
Answer:
Ratio of debt to GDP changesWhen the government runs a deficit, it spends more than it collects in tax revenue. To make up the difference, it borrows. So if t runs a deficit of 7 trillion ducats, debt increase by 7 trillion ducats. So debt next year is 147 trillion ducats. Suppose that there is no growth in real GDP and inflation is equal to -2% per year. Negative inflation is the same as deflation. Next year's GDP will be equal to _98____ trillion ducats.
If the ratio of debt to GDP is 1.4 this year, the ratio of debt to GDP next year when inflation is equal to -2% year will be __1.5___
Suppose that the deficit remains constant at 7% of GDP and that inflation persists at -2%. The debt to GDP ratio the year after next will be __1.6___
Explanation:
Data and Calculations:
1. Debt equals 140 trillion ducats
GDP is equal to 100 trillion ducats
Ratio of debt to GDP = 1.4 or 140%
Deficit = 7 trillion ducats = 7% of GDP
2. Now debt increases by 7 trillion ducats to 147 trillion ducats
Deflation = -2%
Therefore, next year's GDP will be equal to 98 (100 x 0.98) trillion ducats
Ratio of debt will change to 147/98 = 1.5
3. With deficit constant at 7% of GDP or 6.86 trillion (7% of 98 trillion) and inflation at -2%,
Debt will be equal to 147 + 6.86 trillion = 153.86 trillion
and GDP will be equal to 96 (98 - 1.96) trillion; 1.96 = 2% of 98 trillion
Then Debt to GDP = 153.86/96 = 1.6
What is the rationale for governments to issue monopoly-promoting licenses to firms providing services such as trash collection
Answer: d. economies of scale
Explanation:
Trash Collection can be a costly business because it includes going around the city, paying workers, high vehicle input costs and the like. These costs would need to be recovered and have less chances of doing so if the firms had to compete amongst themselves for customers.
A monopoly-promoting license giving a firm significant control would lead to Economies of scale that would ensure that they had enough customers for their costs to reduce as they offer services to the people as their costs would then reduce as they service more people without having to worry about competition.
Suppose that the election of a popular presidential candidate suddenly increases people’s confidence in the future. Use the model of aggregate demand and aggregate supply to analyze the effect on the economy
Answer:
The aggregate demand will increase.
Explanation:
The increase in people’s confidence that the future return will be good or higher then the people will increase their current spending. Thus, an increase in the current spending will result in the rise of aggregate demand. consequently, the aggregate demand curve will shift rightwards, and this forms a new equilibrium at a higher position. Resulting in increased price and increased quantity. Thus, in future, people will see faster economic growth.
The holders of ZZZ Corporation's bonds with a face value of $1,000 can exchange that bond for 35 shares of stock. The stock is selling for $25.00. What is the conversion price
Answer:
$28.57
Explanation:
The holders of ZZZ corporation bonds with a face value of $1000
It can be exchanged for 35 share of the stock
The stock is being sold for $25.00
Therefore, the conversion price can be calculated as follows
= $1000/35
= $28.57
Hence the conversion price is $28.57
What is the mean 2019E EV/Revenue multiple in the Online Direct Sales comps group in 2019?
a) 1.1x
b) 1.2x
c) 0.8x
d) 0.6x
Answer:
The question is not clear and complete.
Let me explain how you can calculate Enterprise Value (EV) to Revenue Multiple
Explanation:
A Enterprise Value (EV) to Revenue Multiple is used to value a business by dividing its enterprise value by its annual revenue. The formula to calculate the Enterprise Value (EV) to Revenue Multiple is EV/Revenue
EV = Enterprise Value
EV can be denoted as (Equity Value + All Debt + Preferred Shares) – (Cash and Equivalents)
While Revenue = Total Annual Revenue
This can be calculated when we have a share price, shares outstanding, debt, and cash or its equivalence.
Dave says that most brands of eyeglasses are owned by the same company. This illustrates which type of competition?
Answer:
The correct approach will be "monopoly ".
Explanation:
Monopolistic competition seems to be a real economy discipline that organizes monopoly components as well as market mechanisms. In essence, a competitive monopoly market would be one with individual liberty of entering and exiting, but companies can promote their business. Even though they have artificially cheap curvature of capital investment as well as and then they can fix prices.A U.S. citizen works for a U.S. company in Germany. The income earned by the citizen increases U.S. GDP.
A. True
B. False
A_____is a course of study that prepares students for careers in specific trades and occupations that need skilled workers
Answer:
Skilled Trades Education
Explanation:
These skilled trades education equips students with highly demanded skills which the companies requires its job applicant to posses so that he least guided and more productive than an newly trained employee. The students are trained at school and college level to get skilled so that they get better jobs or pays in coming future. There are many industry specific skills that a student can learn that are associated with manufacturing, construction, telecommunication, transportation, automobile, etc.
From a cash receipts standpoint, mandating that a single designated employee is authorized to handle cash receipts (at the counter or via the mail) is an example of the control activity:___________
A) Human resource controls
B) Independent internal verification
C) Establishment of responsibility
D) Segregation of Duties
Answer: C) Establishment of responsibility
Explanation:
Establishment of responsibility is an internal control method that works by assigning one person the role and responsibility of mangling an activity.
This way it is easier to monitor the way that activity is done and the resources attached to it because with only one person having access, any unexplained events can be queried from the person who's sole responsibility it was to look after the activity the event occurred in.
In this scenario for instance, if the cash receipts are found to be missing in any way, the first person that will be questioned is the employee who was solely authorized to handle cash receipts (at the counter or via the mail).