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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 Alpha Division of the Carlson Company manufactures product X at a variable cost of $40 per unit. Alpha Division's fixed cost
zheka24 [161]

Answer:

$70 per unit.

Explanation:

Based on the information given we were been told that the market price of X costs the amount of $70 per unit which simply means that market price exists, based on this the transfer price of X in a situation were each division is been treated as a profit making center will be the market price of $70 per unit.

8 0
3 years ago
Anheuser-Busch established its Corporate Social Responsibility (CSR) Department to A) promote the positive aspects of moderate b
Verdich [7]

Answer: B. promote responsible drinking and curb underage drinking before it starts.

Explanation:

Anheuser-Busch Companies, LLC is simply a brewery company as it produces alcoholic drinks.

Corporate Social Responsibility is when companies contribute a positive impact to the economy. This can be in form of giving scholarships to students, construction of infrastructure etc.

Anheuser-Busch established its Corporate Social Responsibility (CSR) Department to promote responsible drinking and curb underage drinking before it starts.

5 0
3 years ago
Which of the below individuals has the best capacity to pay back a loan?
insens350 [35]

Answer:

D. John

Explanation:

John has an annual income of $100,000 which is equivalent to a monthly salary of $ 8,334.00 ($100,000 divide by 12 months)

Applying the 28/36 borrowing rule, Mr. John cannot exceed 36 percent of his monthly income to service debts. It means that John has $ 3000 available every month to service his loans.

John intends to take a loan of $ 10,000. This amount is within his ability to pay. Even if he has other debts, he only needs months to clear the loan plus interest.

If we apply the same rule to Paul, his monthly salary is $2, 084.00. He has $ 750.00 available to pay the loan every month. A loan of $ 50,000 with interest will take about seven years to clear. Considering he may want to take other loans in that period and the value of the car by then, Paul is likely to default.

Eileen will have  $720 available for repayments per month and annually $ 8640.00 to repay $400,000.00; she will need about 47 years. Considering her age, it's not viable.

3 0
3 years ago
Following are two income statements for Alexis Co. for the year ended December 31. The left number column is prepared before any
ladessa [460]

Explanation:

Adjusting entries of fees collected in advance:

   1.  Dr  unearned fee    6600

              Cr fees earned           6600

Depreciation of Computers:

 Dr Depreciation expense - computer 1650

                 Cr Accumulated depreciation   1650

Depreciation of Furniture:

 Dr Depreciation expense - office furniture 1925

                 Cr Accumulated depreciation            1925

Adjusting entries of salaries:

 Dr  Salary expense    2695

       Cr Salary payable        2695

Adjusting entries of Insurance:

 Dr Insurance expense       1430

         Cr prepaid insurance       1430.

Adjusting entries of office supplies:

Dr Office supplies expense 528

            Cr Office supplies   528

Adjusting entries of utilities:

 Dr Utilities expense  77

           Cr Utilities payable     77

5 0
3 years ago
Read 2 more answers
Whether an existing business process is being improved or a completely new business process is being​ created, the first step in
PIT_PIT [208]

Answer:

A) define the goals. (part of define the problem)

Explanation:

The 5 stages of the Six Sigma process (DMAIC) are:

  1. <u>D</u>efine the problem: involves defining the problem statement ⇒ the reasons for creating or improving the process ⇒ define the goals of the process ⇒ establish a timeline ⇒ determine the scope of the project ⇒ choose the team that will be in charge of carrying out the project.  
  2. <u>M</u>easure or quantify the problem.
  3. <u>A</u>nalyze and identify the cause of the problem.
  4. <u>I</u>mprove by solving the root cause of the problem and verify the improvement.
  5. <u>C</u>ontrol the improvements and pursue perfection.

8 0
3 years ago
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