Cash Management Matrix For each principle in the matrix,describe how the principle ensures the reliability of a company's financial statements and provide at least one example of how the principle might work in a real company.
Principles of Internal Control
Establishment of responsibility
Segregation of duties
Documentation procedures
Physical, mechanical, and electronic controls.
Independent Internal verification.
Other controls.
Principles of Cash Management
Invest idle cash.
Plan the timing of major expenditures.
Delay payment of liabilities.
Keep Inventory levels low.
Increase the speed of collection on receivables.


  1. 👍
  2. 👎
  3. 👁

Respond to this Question

First Name

Your Response

Similar Questions

  1. Diagonalize

    construct a nondiagonal 2 x 2 matrix that is diagonalizable but not invertible. Just write down a diagonal matrix with one zero on the diagonal and then apply an orthogonal transformation. E.g. if you start with the matrix: A = [1

  2. Matrix

    Let A be an invertible n x n matrix, and let B be an n x p matrix. Explain why (A^-1)(B) can be computed by row reduction: [A B] ~...~ [I X] X=(A^-1)(B)

  3. Augmented Matrix

    Perform row operations on the augmented matrix as far as necessary to determine whether the system is independent, dependent, or inconsistent. DO ALL WORK BY HAND. x + 2y + 4z = 6 y + z = 1 x + 3y + 5z =10 If one subtracts the

  4. Algebra

    Given the following vector X, find a non-zero square matrix A such that AX=0: You can resize a matrix (when appropriate) by clicking and dragging the bottom-right corner of the matrix. X= 2 -8 6 A= _ _ _ _ _ _ _ _ _ Please help, I

  1. Math

    Directions: Use the following matrix to perform the elementary row operations sequentially. A=[3 2 |8] [5 2 |12] 1.) (1/3) R1 From the original matrix 2.) -5R1+R R2 From matrix in question 1.

  2. college physics

    "The Magnitude of the buoyant force is equal to the weight of fluid displaced” is a statement of which principle in the study of fluids? Select one: a. Pascal's Principle b. Archimedes' Principle c. Bernouilli’s Principle d.

  3. business

    Listed below are five procedures followed by The Beat Company. Several individuals operate the cash register using the same register drawer. A monthly bank reconciliation is prepared by someone who has no other cash

  4. Math

    Given the following matrix A, find an invertible matrix U so that UA is equal to the reduced row-echelon form of A: You can resize a matrix (when appropriate) by clicking and dragging the bottom-right corner of the matrix. A = 3 3

  1. Calc

    A video games shop is analyzing its sales performance using matrices. Matrix A contains the unit sales data for each product category (horizontally) per week (vertically). Matrix B contains the unit sales data for weekends for

  2. Algebra

    2. Use an augmented matrix to solve the system. x + y = 5 3x – y = –1 (1 point) (1, 4) (1, 5) (3, –1)*** (5, –1) 3. When converting a system of linear equations into an augmented matrix, what equation form is needed? (1

  3. math

    Let A [ a1, a2, a3] be a 3x3 non-singular matrix, where 1 a ,[a1, a2, a3] are the three columns of A. Define a 3 x 4 matrix B by B[ 2a1+4a2-2a3 , -a1 -4a2 +3a3 ,a2-a3 , 3a1-2a2+6a3] Show that the system of linear equations Bx= b

  4. mathematics

    The matrix M = [−3/5 4/5] [4/5 3/5] defines an isometry of the xy-plane. (a)What special properties do the column vectors of this matrix have? (b)Verify that the point (2, 4) remains stationary when M is applied to it. (c)What

You can view more similar questions or ask a new question.