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enot [183]
3 years ago
7

The principal purpose of a voucher system is to provide assurance that

Business
1 answer:
ziro4ka [17]3 years ago
7 0
<span>The principle purpose of a voucher system is to provide assurance that all cash payments are approved before a check is issued. A voucher system is a way of internally controlling that helps prevent fraudulent withdrawals from a company by employees or people outside the organization. A voucher system organizes procedures to verify and approve cash disbursements, which is important because cash is vulnerable to theft. The voucher system helps guard a company's cash.</span>
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Ordinary simple interest brings increased revenue to the lender. The general practice
densk [106]

Answer:

Exact = $34.5

Ordinary = $35

Explanation:

Given that :

Principal, P = $1500

Interest rate = 14% = 0.14

Number of days = 60

For exact :

Exact simple interest uses 365 days :

Simple interest = principal * rate * time

Simple interest = $1500 * 0.14 * 60 / 365 = 34.520547 = $34.5

For ordinary simple interest :

Simple interest = principal * rate * time

Simple interest = $1500 * 0.14 * 60 / 360 = $35

6 0
3 years ago
Assume the XYZ Corporation is producing 20 units of output. It is selling this output in a purely competitive market at $10 per
IgorC [24]

Answer:

Economic profit will be $40

So option (d) will be correct option

Explanation:

We have given number of units produced = 20 units

Price of per unit = $10 per unit

So revenue = 20×$10 = $200

Revenue :20 units * $10 = 200

Fixed cost is given $100

Variable cost: 20 units ×$3 = 60

So total cost= Fixed cost + Variable cost = 100 + 60 =$160

So economic profit = Revenue - Total cost = 200 - 160 = $40

So option (d) will be correct answer

6 0
3 years ago
Haskins Products sells 2,000 kayaks per year at a sales price of $470 per unit. Haskins sells in a highly competitive market and
AysviL [449]

Answer:

target fixed​ costs is $ 420000

Explanation:

Given data

sells 2,000

sales price of $470 per unit.

product cost at $720,000

variable costs are $300,000

to find out

target fixed​ costs

solution

we know here product cost and variable cost

so target fixed​ costs is product cost - variable costs

so we put all these value to find out target fixed cost

target fixed​ costs = product cost - variable costs

target fixed​ costs = 720000 - 300000

target fixed​ costs is $ 420000

4 0
3 years ago
Which of the following costs of publishing a book is a fixed cost?
Allisa [31]

Answer:

The correct answer is option d.

Explanation:

The fixed costs incurred in the production process of a good or service is the cost incurred on the fixed factors. These factors cannot be varied in the short run.  

Fixed cost does not depend on the level of output. It does not change with the change in the volume of output.  

In the given example, the cost incurred on the composition typesetting and jacket design for the book does not change with the volume of output. So these costs are the foxed cost involved in publishing a book.

8 0
3 years ago
Read 2 more answers
Which of the following was not an effect of the Norris LaGuardia Act?
Katena32 [7]
U didn’t put like half the question luv
7 0
3 years ago
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