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Fynjy0 [20]
3 years ago
9

Donna Holbrook, an administrative assistant at Mason Enterprises, charged some office supplies to the company credit card. Sever

al weeks later, she attached the store receipt from the purchase to an expense report and requested reimbursement from the company. This is an example of which type of expense reimbursement scheme?
Multiple reimbursement T/F
Business
1 answer:
Slav-nsk [51]3 years ago
4 0

Answer: The answer is True. Donna committed Multiple Reimbursement.

Explanation:

Multiple reimbursement is when an employee purchases a particular product or service and tenders different forms of payment receipts for the purpose of profiting from his/her employer/organization.

As in the question above, we can see that Donna Holbrook did not use the initial receipt from the credit card transaction. Instead, she tendered another receipt from the store for the same expense in her expense report. In this case, the cost for the office supplies had already been paid for by the company, but Donna reported a different receipt, hoping it would serve as proof that she in fact incurred the cost herself and therefore be reimbursed.

The company will therefore, be incurring the same cost twice.

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The larger the differences among the sample means, the larger the numerator of the f-ratio will be.
xxTIMURxx [149]
The answer is B.false
8 0
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Jeff wants to open a basic savings account. He should go to
Stels [109]

Answer:

a bank

Explanation:

that is where you open a savings account

7 0
3 years ago
Courts have upheld the right of corporations to review the e-mail of employees who use company resources to send e-mail messages
Anna71 [15]

Answer:

Web brosers are not considered a company's resource.

Explanation:

The reasons behind this answer are that in the first place, the company does own the hardware or office equipment the employee uses to send the e-mails. Also, they own the time because they have the arrangement to acquire the employees' time and skills to develop certain tasks. Furthermore, the company's also own the software they paid for. However, web browsers are free to use and they don't require licenses to be used. Therefore, web browsers are not copay's resources.

7 0
4 years ago
Assume that you have just purchased some shares in an investment company reporting $500 million in assets, $50 million in liabil
kiruha [24]

Answer:

B. $9

Explanation:

Assets value = $500 million

Liability value = $50 million

Use following formula to calculate NAV

Net Assets value = Assets value - Liability value

Net Assets value = $500 million - 50 million

Net Assets value = $450 million

Net Assets value = $450 million / 50 million

Net Assets value = $9 per share

So, the correct option is B. $9.

6 0
4 years ago
Colsen Communications is trying to estimate the first-year cash flow (at Year 1) for a proposed project. The financial staff has
Vilka [71]

Answer:

a.$700,000

b.$400,000

c.$650,000

Explanation:

Net Income = (Sales - Operating expense - Depreciation - Interest expense) x (1 - tax rate)

Sales is $5,000,000

operating expense is $3,500,000

depreciation is $1,000,000

interest expense is $1,000,000

tax rate is 40%=0.40

net income=(5000,000-3500,000-1,000,000-1000,000)*(1-0.4)

net income=-$300,000

Cash flow =net income +depreciation

cash flow=-$300,000+$1000,000

cash flow=$700,000

if the project cannibalize at $500,000 net income would be:

net income=(5000,000-3500,000-1,000,000-1000,000-500,000)*(1-0.4)

net income=-$600,000

cash flow=-$600,000+$1,000,000

cash flow is $400,000

Ignoring part b,  a reduction in tax to 30% would impact thus:

net income=(5000,000-3500,000-1,000,000-1000,000)*(1-0.3)

net income=-$350,000

Cash flow =-$350,000+$1000,000

cash flow is $650,000

4 0
3 years ago
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