Allowing only designated personnel to handle cash receipts is an example of

A. establishment of responsibility
B. independent internal verification
C. segregation of duties
D. documentation procedures

Ans: A. establishment of responsibility

Business

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According to Howard R. Bowen:

What will be an ideal response?

Business

Suppose that the financial ratios of a potential borrowing firm took the following values: X1 = 0.30 X2 = 0 X3 = -0.30 X4 = 0.15 X5 = 2.1 Altman's discriminant function takes the form: Z = 1.2 X1+ 1.4 X2 + 3.3 X3 + 0.6 X4 + 1.0 X5 The Z score for the firm would be

A. 1.64. B. 1.56. C. 2.1. D. 3.54. E. 2.96.

Business