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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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Under the uniform capitalization rules applicable to taxpayers with property acquired for resale, which of the following costs s
pashok25 [27]

Answer:

The correct answer is A

Explanation:

As per the UNICAP (stands for Uniform Capitalization) rules, the person have to capitalize the cost for creating the assets, which means or defines as to capitalize the raw materials, labor cost and other indirect as well as direct costs that is attributable to the production of the assets.

So, the costs which is to be capitalized in respect to inventory are the repacking cost, which is involved in the indirect supplies and other materials and the off site storage cost is involves in the rental of the facilities and equipment.

6 0
3 years ago
Polar bears in captivity exhibit obsessive patterns of behavior such as pacing back and forth on the same spot, swinging their h
kherson [118]

Answer:

c. Stressed polar bears exhibit obsessive patterns of behavior.

Explanation:

  • If a polar bear is bred in captivity they show an obsessive pattern of behavior.
  • Such as the passing of the back and forths on the same spot and swimming on their heads from side to side.
  • And also use their paws to repeatedly strike their heads as a sign of stress. This shows that they don't do well in captivity.
5 0
3 years ago
Consider a bank that has the following balance sheet: Liabiiiies Reserves $200 Deposits $960 Loans $800 Equity $40 Suppose some
Andru [333]

Answer:

d) The value of equity is $0

Explanation:

Bank loans are classified as performing and nonperforming loans. Nonperforming loans that stay for over a long period (usually 12 months) are considered to be a loss.

When a bank makes a loss on loans (loan goes bad due to nonrepayment) they make provisions and debit the business equity for the loss.

The given loan amount is $800 and the bank had to provision 5% of that amount.

Loss from loan= 800* 0.05= $40

This is deducted from equity= 40- 40= $0

7 0
3 years ago
Early personal computer users remember the cumbersome, user-unfriendly "DOS" system. When Apple introduced System 1 and Microsof
Aleksandr [31]

Early personal computer users remember the cumbersome, user-unfriendly "DOS" system. When Apple introduced System 1 and Microsoft introduced Windows, both of which were much easier to use, these new products diffused rapidly because of their relative advantage .

Option A

<u>Explanation: </u>

A product's dominance and market appeal over similar items. A competitive advantage is usually accomplished by giving better value to customers through either reducing prices or delivering added quality and service that justify higher costs.

That idea is based on consumer brand and product perceptions and does not necessarily reflect the actual characteristics of this product or service. The definition helps companies to consider that customers would choose to use this product or whether a rival would rather remain faithful to the already existing product.

8 0
3 years ago
Which best ranks Agriculture, Food, and Natural Resources careers from highest to lowest required degree? Veterinarian → Nursery
pshichka [43]

Answer

Food is what we get from agriculture.

To rank the given option from the highest to lowest degree of importance, we need to do a little research on the each of the individual subjects.

these can be arranged in the following order.

(1) Food

(2) agriculture

(3) natural resources careers.

5 0
3 years ago
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