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ankoles [38]
4 years ago
5

Explain the Charachteristics and the internal controlfeatures of an imprest fund.

Business
1 answer:
aalyn [17]4 years ago
4 0

Answer:

the Same; cash in the fund; total of the tickets; clearly identifies.

Explanation:

Okay, let us first fill in the gap in the question above. Please note that the capitalized words are the missing words.

"An imprest fund has THE SAME balance at all​ times, which equals the sum of CASH IN THE FUND accounts receivable cash in the bank cash in the fund deposits in transit plus the TOTAL OF THE TICKETS check stubs credit memos total of the tickets that support payments from the fund. The internal control feature of an imprest fund is that it CLEARLY IDENTIFIES (decreases increases) the amount of money for which the fund custodian is responsible."

IMPREST FUND can simply be defined as the money that one can keep in order to be able to pay for little-little day-by-day expenses. IMPREST fund is one of the powerful tools that is been used in accounting. IMPREST fund is generally kept with a custodian.

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A theater is presenting a program on drinking and driving for students and their parents or other responsible adults. The procee
Tpy6a [65]

Answer:

100 adults and 50 students should attend

and,

The maximum amount raised = $250

Explanation:

Given:

Admission for adults = $2.00

Admission for students = $1.00

Total persons that can be held in theater = 150

For every 2 adults there must be 1 student

let the number of adults be 'x' and the number of students be 'y'

thus,

we can write the above constraints mathematically as:

x + y = 150   ...............(1)

and,

x = 2y  .....(2)  (for 1 student i.e y = 1, there should be 2 adults i.e x = 2 × 1 = 2)

substituting the 'x' from 2 in the equation 1, we get

2y + y = 150

or

y = 50

Thus,

x = 2 × 50 = 100   (from equation 2)

Hence,

100 adults and 50 students should attend

and,

The maximum amount raised = $2 × 100 + $1 ×50 = $250

7 0
3 years ago
Zara sources basic products such as white t-shirts from low cost countries because demand is predictable. For trendy products fo
nata0808 [166]

Answer:

<u>efficiency</u>, <u>flexibility.</u>

Explanation:

For the predictable demand, Zara strives for <u>efficiency</u>, and for the unpredictable demand, Zara hopes to achieve <u>flexibility</u><u>.</u>

Zara seeks efficiency for the predictable demand because this type of demand can be programmed and controlled internally, that is, the items of this demand will be used for the production of other items, therefore it is necessary to have an estimate of the future demand, so that can forecast resources to supply demand efficiently.

In the case of unpredictable demand, Zara seeks flexibility, as this demand works according to market and consumption trends.

7 0
3 years ago
When a negative externality exists, the private market produces?
mart [117]
The private market will produce more than the economically efficient output level. Also when there is a negative externality then the cost to producers will be less than the cost to society. Remember that a negative externality is a cost that is suffered by a third party as a result of an economic transaction. Also have in mins that externalities lead to market failure<span> because the price equilibrium </span>does<span> not reflect the true costs and benefits of a product.</span>
4 0
4 years ago
Capital plays vital role for running a business .justify ​
posledela

Answer:

yes it does

Explanation:

It's because without capital you can't even start the business, because you wouldn't have the machines or computers and stuff that is needed for your business. So it' used to pay ongoing production of goods and services to make profit form your business

6 0
3 years ago
A group becomes a team when:A. a clear leader is identified.B. the group reaches the norming stage of group development.C. accou
mr Goodwill [35]

A group becomes a team when C. accountability shifts from strictly individual to both individual and collective.

All of the choices can be used to identify a team over a group but when the accountability shifts from one person to both the individual and group. A team is when a group of people work together and effectively finish their tasks. Working as a team helps build moral but also make sure that everyone is an active participant in the task.

4 0
4 years ago
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