A1d. Ratio Analysis Current Ratio, also known as liquidity ratio and working capital ratio, shows the proportion of current assets of a business in relation to its current liabilities. ("Current Ratio | Formula | Example | Analysis | Industry Standards," n.d.) A ratio of 2 would indicate that current assets would cover current liabilities two times. In year 7, Competition Bikes had a ratio of 5.79. This reflects strength in the company with a strong position in current assets. In year 8, the ratio
Logistics Logistics is the management of the flow of goods, information and other resources, including energy and people, between the point of origin and the point of consumption in order to meet the requirements of consumers (frequently, and originally, military organizations). Logistics involves the integration of information, transportation, inventory, warehousing, material-handling, and packaging, and occasionally security. Logistics is a channel of the supply chain which adds the value
• Regular Reminders – Sometimes people get busy and forget to pay. One invoice is seldom enough these days due to hectic and distracted lifestyles. Send invoices on the same day every month and then follow up with an end-of-the-month statement as a courtesy. This is a gentle reminder to your clients to pay you. • Reality Check – Don’t get caught up in the issues of
material once a shipment has been confirmed from an approved manager’s wireless device. The System shall provide a large data server for all invoices to be scanned in and stored for record purposes. Invoices scanned in will be stored by a Date-Time-Company Code-Order Number, as well as a search function providing employees the ability to retrieve original invoice forms. The system will update all data servers for receiving, shipping, raw materials used and final products produced continuously throughout
Locky: This is a new type of ransomware which normally sends out emails with invoices attachment and once sent and the user opens the attachment, the invoice will then scramble and the user will be asked to enable macros to read the invoice. Once this is done the Locky virus will start to encrypt all types of array files using a 256-AESbit encryption. For the user to get their data back the pc will pop up a
Online Tools Small Businesses Need to Use in 2017 It’s not possible to survive as a business in 2017 without having a strong online presence. Technology is here to stay and you need digital tools to make the most of the limited resources you have as a small business. The good news is that there are plenty of such tools that will help make you make doing business a lot easier and more straightforward. Here are some of the top tools your small business needs to use in 2017. TrackSmart If your small
primary key that I chose I made composite to uniquely identify the attributes related to the purchase of a tour. The composite primary key CustomerID,EmployeeID,TourName,TourDate,TourSeason for the Tour table allows this table to almost act like an invoice for each tour sale. Figure 5 Tour Table 5. My tables were in 1NF and because I had no partial dependencies my tables were now in 2NF Proposed Naming Convention and Entity Attributes The table names “Employee”, “Customer”, “Tour”, and “TourCost”
Assignment ACC305 Auditing and Professonal Practice Name: Yue Xiao ID: na20150562 Scenario One: Answer: A wide range of relationships and situations may create threats. At the point when a relationship or condition makes a risk, such a danger could bargain, or could be seen to trade off, an expert bookkeeper 's consistence with the key standards. A condition or relationship may make more than one risk, and a danger may influence consistence with more than one central rule. Dangers fall into
fraud (McDonald, 2009) had charged the company 198 invoices over the six years period for supposedly insurance-type services related to the provisions of IT licenses, services and support that was never provided by the company to the hospital (Peart, Otago Health Board fraud investigation: $16.9m siphon went unnoticed for years, 2008). SFO counsel, Robin Bates, said that Swann and Harford had an agreement where Harford would prepare the invoices; Swann would sign them off and then pass them to the
General Question 1. Mark the main flows of goods and money in the diagram (above) and employ a key or table of descriptive elements to explain your answer (i.e., more than just two words). [Note: you can complete the drawing in PowerPoint and then copy/paste if that is easier for you.] Key Symbol | Explanation | Blue: Flow of Goods | HQ sends orders to the supplier notifying them of the quantity of goods that needs to be sent to the warehouse. When the supplier receives these orders, they