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9 months ago

At 90 days past due what happens to all cardholder accounts associated with a managing account?

Business

1 answer:

maria [59]9 months ago

8 0

All were automatically suspended.

<h3>Which of the following is a cardholder responsibility in a Government wide commercial purchase card program?</h3>

The Cardholder is responsible for the following:

Completing all required training prior to being issued a Purchase Card.
Purchasing goods or services in accordance with established Department policy, procurement regulations, and individual internal office procedures.

<h3>Which of the following is an appropriate circumstance for using a convenience check? </h3>

A purchase exceeds the micro purchase threshold.

<h3>To learn more about cardholder visit here:</h3><h3 /><h3>brainly.com/question/4671864</h3><h3 /><h3>#SPJ4</h3>

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A strong internal control system will reduce the amount of substantive testing that must be performed.A ) True B ) False

Doss [256]

Answer:

A) True

Explanation:

The internal control structure deals with the rules, laws, procedures, practices that vary from company to company that are necessary to attain an organization's goals and objectives.

The substantive testing is an audit process aimed at checking the accuracy and reliability of the financial statements. To check if the financial statements are free from any errors, mistakes, fraud, etc. that can change users' decisions.

The financial statements should be relevant, reliable and finalize in all respects.

Therefore, a strong internal system will reduce the quantity of substantive testing required.

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2 years ago

XYZ Corporation, located in the United States, has an accounts payable obligation of ¥750 million payable in one year to a bank

tamaranim1 [39]

Answer and Explanation:

The answer is attached below

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2 years ago

Failure to record the adjusting entry for deferred revenue now earned causes liabilities on the balance sheet to be what

zlopas [31]

Answer:

overstated

Explanation:

Adjusting entry is a term used in the accounting process, which describes journal entries usually carried out at the end of an accounting period to assign income and expenditure to the period in which they actually happened.

However, the journal entry to identify a deferred revenue is to debit or increase cash and credit or increase a deposit or another liability account.

Hence, Failure to record the adjusting entry for deferred revenue now earned causes liabilities on the balance sheet to be what OVERSTATED

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2 years ago

What is the drawback of carrying more inventory than is needed?

lbvjy [14]

Answer:

One of the most important disadvantages of excess inventory is the loss of revenue. Products depreciate over time and lose their initial value. So the longer you hold a product, the cheaper it gets.

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2 years ago

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An investment banker who earns more than $1 million a year, a food service worker who makes minimum wage, and a teacher with a s

Ivenika [448]

An investment banker who earns more than $1 million a year, a food service worker who makes minimum wage, and a teacher with a salary of $50,000 per year represent the presence of social <u>inequality </u>within society.

<h3>What is inequality?</h3>

Inequality can be defined as the way in which income or wealth are not distributed equally in a society as some people earn more than others.

Hence, their is the presence of social inequality within a society if a investment banker earn $1 million a year, a food service worker makes minimum wage, and a teacher earn $50,000 per year.

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1 year ago