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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.

You might be interested in
Mijka Company was started on January 1, Year 1. During Year 1, the company experienced the following three accounting events: (1
yaroslaw [1]

Answer:

Mijka Company

a. Journal Entries

Debit Cash $30,400

Credit Service Revenue $30,400

To record the proceeds for services provided.

Debit Expenses $13,800

Credit Cash $13,800

To record the payment of cash for services.

Debit Dividend $2,100

Credit Cash $2,100

To record the payment of cash dividend.

b. Income Statement for the year ended December 31, 2018:

Service Revenue     $30,400

Expenses                   13,800

Net Income             $16,600

Dividends                   (2,100)

Retained earnings $14,500

Statement of Changes in Stockholders' Equity as of December 31, 2018:

Retained Earnings    $14,500

Balance Sheet as of December 31, 2018:

Assets:

Cash                       $14,500

Equity:

Retained Earnings $14,500

Explanation:

a) Data and Calculations:

Cash revenue $30,400

Cash expense  (13,800)

Cash dividend    (2,100)

Cash balance  $14,500

5 0
2 years ago
Determine whether each survey question is biased or unbiased. If biased, explain your reasoning. Do you prefer watching exciting
My name is Ann [436]

Answer: 2. biased; the question encourages a certain response.

Explanation:

The question is biased because it already makes assumptions of the two activities.

It labels football games as EXCITING whilst asking if one would 'SIT THROUGH' choir recitals which is a way of saying that the choir recitals are BORING.

This question therefore elicits a certain response as most people would go with the Exciting activity so as not to be seen as boring people who would go to choir recitals.

7 0
3 years ago
Until 1992, the Walt Disney Company had experienced nothing but success in the theme park business. Its first park, Disneyland,
cupoosta [38]

The Anaheim park was an <u>instant success</u>, which Walt Disney Company replicated in Florida and Tokyo but failed to export to Paris, France.

The failure of Disney Paris was the result of a misunderstanding of the cultural peculiarities of the French. Some Frenchmen described the introduction of Disney Paris as <em>"a cultural Chernobyl" and "a symbol of American cliches and consumer society."</em>

Despite the envisaged 30,000 jobs that Disney Paris was to create and the demographic centrality of Paris in Europe, the diversification in Europe flopped.

Thus, Disney's misadventure in Europe became a short-lived and disastrous dream for the Walt Disney Company because of cultural misunderstanding.

Learn more: brainly.com/question/15228066

8 0
2 years ago
Coleslaw cost $16.95 for a 5 kg pail. what is the cost for a 4 oz portion
sammy [17]

Answer: The cost for a 4 oz portion is 20$

Explanation:

Given : Cost of 5kg pail = 16.95$

To find : Cost of a 4 oz prtion = ?

Conversion factor : 1 kg = 35.274 oz

Thus cost of 35.274 oz = 176.37$

Then cost of 4oz =\frac{176.37}{35.274}\times 4=20$

Thus cost for a 4 oz portion is 20$

5 0
3 years ago
Mr. C made the following gifts: $12,000 to a university to pay tuition costs for his niece. An undeveloped tract of land to his
Nonamiya [84]

Answer:

$10,000

Explanation:

Gifts are only taxed when their fair market value is higher than $15,000. Any gifts made to your spouse are not taxable. Gift taxes are calculated on a  per person base, as long as they do not exceed the lifetime exemption (which is $11.58 million).

The tuition costs of her niece are not taxable since they are less than $12,000. The stocks given to his wife are not taxable either. The only taxable gift is the land given to his sister which had a FMV of $25,000. The taxable amount = $25,000 - $15,000 = $10,000

5 0
3 years ago
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