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Ad libitum [116K]
2 years ago
12

Jim is an accountant who reimburses travel expenses for company employees who have used personal funds for travel. Tom, a compan

y sales rep, has requested a reimbursement for a $200 dinner. However, Tom does not have proper documentation which means the expense cannot be reimbursed. Tom offers to split the reimbursement with Jim, if Jim will approve it without the documentation. Jim should
Business
1 answer:
Dafna11 [192]2 years ago
4 0

The inference shows that Jim should reject the reimbursement as confidentially report the incident.

<h3>What is an inference?</h3>

An inference simply means the conclusion that can be deduced based on the information given in a literary work.

In this case, the inference shows that Jim should reject the reimbursement as confidentially report the incident.

Learn more about inference on:

brainly.com/question/25280941

#SPJ1

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A divorced woman with 2 young children has a small trust fund that gives her $2,500 a year in income. She collects another $2,50
mezya [45]

Answer: No contribution can be made

Explanation:

The options to the question are:

a. No contribution can be made

b. A contribution can be made based only on the income received from the trust fund.

c. A contribution can be made based only on the alimony payments received

d. A contribution can be made based on both the income received from the trust fund and the alimony payments received

From the question, we are informed that a divorced woman with 2 young children has a small trust fund that gives her $2,500 a year in income and that she collects another $2,500 per year in alimony payments.

Based on the above analysis, the woman cannot make a contribution to an Individual Retirement Account this year.

6 0
3 years ago
The chart of accounts for the Miguel Company includes the following: Account Name Account Number Cash 11 Accounts Receivable 13
vichka [17]

Answer:

In the salary expense account, the posting reference that will be found is Cash 11.

Explanation:

This posting reference shows that the contra entry was made in the Cash account which has a reference number of 11.  The Posting Reference is a field that facilitates cross-referencing (showing the other account involved in the transaction) or interlinking between the journal and the ledger in the posting process. Posting reference columns are present in both the journal and the ledger. It is also known as the Folio.  This is because with the double entry system of accounting, each transaction must reflect at least two accounts that are affected on the debit side and the credit side.

6 0
3 years ago
A customer has requested that Lewelling Corporation fill a special order for 9,000 units of product S47 for $20.50 a unit. While
bonufazy [111]

Answer:

$4,500

Explanation:

The computation of the annual financial advantage (disadvantage) for the company is shown below:

Sales (9,000 units × 20.50)    $184,500

Less: Variable costs:      

Direct materials (9,000 units × $3.10) -$27,900  

Direct labor (9,000 units × $1.50)         -$13,500

Variable manufacturing overhead (9,000 units × $6.40) $57,600

Increase in variable costs (9,000 units × $5) -$45,000

Less: Investment in special molds  -$36,000  

Financial advantage                                  $4,500

We simply deduct the all cost from the sales so that the financial advantage could come

5 0
4 years ago
A private not-for-profit entity estimated its Allowance for Contractual Adjustment. During the next year, the hospital found tha
cupoosta [38]

A private not-for-profit entity estimated its Allowance for Contractual Adjustment. During the next year, the hospital found that the actual total of contractual adjustments applied to receivables on hand at the end of the previous year was $4,000 higher than the estimate. How should the difference be reported

8 0
2 years ago
What is the value today of receiving $5,000 at the end of six years, assuming an interest rate of 8% compounded semiannually?
Ulleksa [173]

Answer:

$3,122.96

Explanation:

Future value = 5000

i = 8%

n = 6

m = 2

Present Value = FV(1+i/m)^mn

Present Value = 5,000(1+0.08/2)^-2*6

Present Value = 5,000(1.04)^-12

Present Value = 5,000 / (1.04)^12

Present Value = 5,000 / 1.6010322

Present Value = 3122.985284118583

Present Value = $3,122.96

6 0
3 years ago
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