Procedures requiring that the recording of asset transactions be separated from the custody of those assets:
Select one:
A. Are especially important in handling cash
B. Make it easy for an employee to cover up the theft of an asset
C. Are important only in very large businesses
D. Will uncover collusion among employees
A. Are especially important in handling cash
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Cash comes from all of the following except:
a. Operations b. Construction c. Financing d. Investment
A financial advisor is about to build an investment portfolio for a client who has $100,000 to invest. The four investments available are A, B, C, and D. Investment A will earn 4 percent and has a risk of two "points" per $1,000 invested
B earns 6 percent with 3 risk points; C earns 9 percent with 7 risk points; and D earns 11 percent with a risk of 8. The client has put the following conditions on the investments: A is to be no more than one-half of the total invested. A cannot be less than 20 percent of the total investment. D cannot be less than C. Total risk points must be at or below 1,000. Let A be the amount invested in investment A, and define B, C, and D similarly. Formulate the linear programming model.