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cluponka [151]
3 years ago
9

Which of the following is a good internal control mechanism for cash disbursements? Multiple Choice Maximum purchase limits set

on debit and credit cards. Expenditures above a particular amount do not need authorization. All checks need to be signed only by one authorized person. All transactions are made using cash with the required documentation.
Business
1 answer:
Anuta_ua [19.1K]3 years ago
4 0

Answer:

The correct option is that maximum purchase limits set on debit and credit cards

Explanation:

It is clearly wrong to ignore authorization for expenditures above a particular threshold,because that encourages employees to perpetrate fraud.It would be more appropriate to say expenditures above a particular limit requires authorization.

When one person signs all checks, the implication of that is a company where the authorizer is allowed to use his wisdom to make cashflow decision that could adverse effect even on the survival of the business.

Documentation of all transactions is good but using cash at all times  exposes the business to the risk of cash conversion and theft

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Kirsten is experiencing a great deal of anxiety about her first Algebra II test. "I know that Mr. Dade has a reputation for bein
topjm [15]

Answer:

Stereotype threat

Explanation:

Stereotype refers to preconceived perspective about a particular people or group. Stereotype threat, coined by Claude Steele and Joshua Aronson, refers to a way a person behaves that tend to confirms the negative stereotype about a particular race, gender and others. In Kristen's case the added stress generated by her anxiety about the Algebra II test  as a result of the supposedly tough teacher coupled with the preconceived notion that girls are not good in math may lead to her actually failing the test or performing badly. If this feeling were to be removed she may not actually fail or perform poorly in the exam.

6 0
3 years ago
Hoover Inc. has current assets of $350,000 and fixed plant assets of $650,000. Current liabilities are $100,000 and long-term li
frozen [14]

Answer:

$53.00

Explanation:

The computation of book value is shown below:-

But before that we need to determine the net asset which is

Net asset = Total asset - Total liabiliites

= ($350,000 + $650,000) - ($100,000 - $250,000)

= $1,000,000 - $350,000

= $650,000

Now

Value per share= (Net asset - preference share) ÷ number of common stocks

= ($650,000 - $120,000 ) ÷ 10,000 shares

= $530,000 ÷  10,000

= $53 per share

8 0
3 years ago
President Obama said in a number of speeches advocating his health care plan, "If you like your health care plan, you can keep y
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Answer:

D.a, b and c

Explanation:

a. Giving or allowing a false impression b. Conflict of interest c. Personal decadence d. a, b and c

4 0
3 years ago
Read 2 more answers
Tax rates that place more of a burden on low-and middle-income taxpayers than on wealthier taxpayers are called ______________.
alexgriva [62]

Answer:

Regressive tax

Explanation:

Regressive tax is a form of tax that taxes lower and middle income individuals a higher rate than high income individuals.

Progressive tax is a form of tax that taxes high income individuals a higher rate when compared to low and middle income individuals.

Proportional tax is a type of tax where the same tax is paid irrespective of level of income.

I hope my answer helps you

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3 years ago
Assume an economy where the required reserve ratio is 20 percent. if you withdraw $5,000 from your checking account to go on vac
tiny-mole [99]
5000 is the answer. What's the subject
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