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solniwko [45]
3 years ago
11

Which controls can be used to prevent or detect personal purchases on company credit cards?

Business
1 answer:
Anna007 [38]3 years ago
6 0

Answer:

Few controls can be used to prevent or detect personal purchases on company's credit cards.

Explanation:

Following controls can be taken to prevent or detect personal purchases on company's credit cards:

1. One should make sure that the company policy clearly forbids all purchases that are personal with company funds.

2. Same employee should not be allowed to originate purchases and then approve them too.

3. Controls can be installed to know if there are multiple purchases under employees approval limits.

4. Also, there should be a maximum limit of purchase for each employee.

5. Any invoice which is not related to company should be checked regularly.

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Other things the same, an increase in velocity means that a. the rate at which money changes hands falls, so the price level ris
lisov135 [29]

An increase in the velocity of the money refers to a situation when the rate of changing leads to hand rises and ultimately results in an increase in the price level, indicating an inflation.

<h3>What is velocity of money ?</h3>

Velocity of money refers to a method with the help of which the movement of the money in an economy can be measured. When the number of hands changing money increases, there is an economic growth.

So, option C; states that there is an increase in the velocity of money when the rate at which money changes hands rises, the price level also increases.

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7 0
2 years ago
Bed &amp; Bath, a retailing company, has two departments, Hardware and Linens. The company's most recent monthly contribution fo
Dafna1 [17]

For this problem, we are required to calculate the net operating income.

In order to answer the question, we will first calculate the impact of the changes on the Hardware department. Then we will add the remaining fixed costs that are currently charged to Linens that will continue.

To calculate net operating income, subtract operating expenses from the revenue generated by a property. Revenue from real Hardware department estate includes rental income, parking fees, service changes, vending machines, laundry machines, and so on.

Net income, also known as the bottom line, Hardware department indicates a business's profitability. It shows how much profit is left from revenue after accounting for expenses and liabilities. Net income is profit that can be distributed to business owners or shareholders or invested in business growth.

A corporation's positive net income causes an increase in the retained earnings, which is part of stockholders' equity. A net loss will cause a decrease in retained earnings and stockholders' equity.

learn more about Hardware department: brainly.com/question/27803497

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6 0
1 year ago
P7-47. Interpreting Debt Footnotes on Interest Rates and Interest Expense. Boston Scientific discloses the following as part of
Zigmanuir [339]
To go if do he go he do he do he do he
7 0
3 years ago
How much money should be deposited today in an account that earns 3 %compounded semiannually so that it will accumulate to $ 13,
Elden [556K]

Answer:

PV= $11,889.05

Explanation:

Giving the following information:

Future Value (FV)= $13,000

Number fo periods (n)= 3*2= 6 semesters

Interest rate (i)= 0.03/2= 0.015

<u>To calculate the initial deposit, we need to use the following formula:</u>

PV= FV/(1+i)^n

PV= 13,000 / (1.015^6)

PV= $11,889.05

5 0
2 years ago
Why is the location of a business important to the success of that business?
Anna007 [38]

Choosing a location for a new business is one of the most important decisions entrepreneurs make during the planning phase of launching ventures. The location of a business can affect many aspects of how it operates, such as total sales and how costly it is to run.


5 0
2 years ago
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