1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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
Carillo Industries collected $108,000 from customers in 2017. Of the amount collected, $25,000 was for services performed in 201
Elis [28]

Answer and Explanation:

The computation is shown below;

But before reaching to the final answers, first do the following calculations

Cash collected $108000

Add Services performed in 2017(not collected) $36000

less Services performed in 2016(collected in 2017) $25000

Revenue for 2017 $119,000

Cash paid in 2017 $72,000

Add Expense incurred not yet paid for 2017 $42000

Less Expense paid for 2016 -$30000

Expense for 2016 $84000

Now

a. Cash basis  

Revenue $108000

Less Expenses -$72,000

Net income $36000

b. Accrual basis  

Revenue for 2017 $119,000

Less Expenses for 2017 $84,000

Net income $35,000

8 0
3 years ago
Which of the following concepts refers to deciding exactly what is to be measured when assigning value to a variable? Operationa
yarga [219]
The correct answer of the given question above would be VALIDITY. The concept that refers to deciding exactly what is to be measured when assigning value to a variable is validity. I hope this is the answer you are looking for. Let me know when you need more help next time. 
6 0
3 years ago
Zen Arcade paid the weekly payroll on January 2 by debiting Salaries and Wages Expense for $47,000. The accountant preparing the
Travka [436]

Answer:

The correct entry is to reverse the entry on December 3rd

Dr Salaries and Wages expenses of $27,000

Cr Salaries and Wages payable of $27,000

Explanation:

During the time of the accrued entry, which is on December 31st

the company registered

Dr Salaries and Wages PAYABLE of $27,000

Cr Salaries and Wages EXPENSES of $27,000

It was just an accrued entry to be able to identify the expenses to the balance sheet, but currently on the original expenses on January 3rd, the entry is reverse, then the real or main expenses is recorded in the balance sheet.

Dr Cash of $47,000

Cr Salaries and Wages EXPENSES of $47,000

7 0
3 years ago
Suppose the Federal Reserve sets the reserve requirement at 12 percent, banks hold no excess reserves, and no additional currenc
Naily [24]

Answer:

See below.

Explanation:

For a)

The money multiplier or the credit multiplier can be calculated as follows,

Money multiplier = 1 / reserve ratio

Multiplier = 1 / 0.12 = 8.33 times

For b)

For a negative $80 million change by the Fed there will be a total change in the economy of 80 * 8.33 = $666.4 million.

A -80 million change will contract money supply by $666.4 million in the economy.

For c)

This can be calculated by dividing the target by the money multiplier.

So to achieve a change of $500m the Fed will expand the money supply by

= 500 / 8.33 = $60.02m.

Hope that helps.

8 0
3 years ago
The goals of labor unions differ from those of management because employers want more profits and labor wants: Multiple choice q
AnnZ [28]

The goals of labor are such that they want better pay and working conditions.

<h3>The ultimate goal of workers/labor</h3>

A business is in operation to make a profit, likewise, labor or workers work to the end of being paid for the services rendered.

In addition to good pay, labor also requires good perks like health cover, safe and secure work conditions, and the environment.

Learn more about Labour here:

brainly.com/question/98074

#SPJ1

8 0
2 years ago
Other questions:
  • Most suppliers of travel products pay travel agencies____percent commission on any sales they make.
    7·1 answer
  • Garza Corporation has two production departments, Casting and Customizing. The company uses a job-order costing system and compu
    11·1 answer
  • Entries for Issuing Bonds Thomson Co. produces and distributes semiconductors for use by computer manufacturers. Thomson issued
    7·1 answer
  • The ____ server is usually a high-powered workstation that maintains a large file system of data sets, user profiles, and access
    11·1 answer
  • Dorothy Koehl recently leased space in the Southside Mall and opened a new business, Koehl's Doll Shop. Business has been good,
    12·1 answer
  • Classify each statement about the Federal Reserve System as either true or false.
    15·1 answer
  • Crispin Mattresses is chartered in Florida but does business in all 50 states. Crispin Mattresses doing business in Florida is k
    13·1 answer
  • At the end of World War II many European countries were rebuilding and so were eager to buy capital goods and had rising incomes
    6·1 answer
  • What was the opening price of Dow Jones Industrial Average on May 16, 2017 in the format of XXXXX.XX?
    10·1 answer
  • Like personal selling, direct marketing makes use of blank______ communication, allowing the seller to adapt messages according
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!