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
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>
You might be interested in
QUESTION 4 of 10: A stadium manager has signed five acts this year with a combined revenue projection of $1,000,050. The cost fo
Ainat [17]
A
85 x 5 = 425
1000 - 425 = 575
Used simple numbers but it’s correct
7 0
3 years ago
What is Calls In Arrears..??​
vlada-n [284]

Answer:

Call in Arrear

The company calls for money from shareholders when needed within a certain period. If the shareholder is not able to pay the call amount due on an allotment or on any calls according to the terms before or on the specific date fixed for payment, such amount is taken as 'call in arrears'.

Explanation:

have a fabulous day

6 0
2 years ago
Stimpleton Company engages in the following cash payments: Purchase equipment $ 3,600 Pay rent 600 Repay loan to the bank 5,000
Svetradugi [14.3K]

Answer:

$1,100

Explanation:

The operating activities are the activities that are include day to day transaction which would result in cash receipts and the cash payments

The cash receipts would be in terms of received cash from customers and the cash payments would be salary expenses, utilities expenses, etc that are paid in cash.

So, the total amount of cash paid for operating activities is

= Rent paid + workers salaries paid

= $600 + $00

= $1,100

8 0
3 years ago
Westsyde Tool Company is expected to pay a dividend of $1.50 in the upcoming year. The risk-free rate of return is 6% and the ex
tresset_1 [31]

Answer:

ER(S) = Rf + β(Rm - Rf)

ER(S) = 6 + 1.20(14 - 6)

ER(S) = 6 + 9.6

ER(S) = 15.6%

Explanation:

The expected return on a stock is a function of risk-free rate plus the product of beta and risk-premium.

6 0
3 years ago
Antigua Company purchased a depreciable asset for $45,000 on October 1, 2012. The estimated salvage value is $9,000, and the est
Tamiku [17]

Answer:

$34500

Explanation:

In order to match with answer given in the options

Question should be, what is the book value on July 1, 2014 ?

With the sames question as given, answer will vary.

Given: Value of asset = $45000

           Estimated salvage value= $9000

           Estimated useful life = 6 years

Using the straight-line method of depreciation,

Depreciation value= \frac{(purchase\ value\ of\ asset - salvage\ value)}{Estimated\ life\ of\ asset }

We will also convert estimated useful life of asset from years to months

∴ 6\times 12\ months = 72\ months

⇒ Depreciation value = \frac{(45000-9000)}{72} = \$ 500

∴ Monthly depreciation of asset is \$ 500

As we have to find book value on July 1, 2014, then number of months from October 1, 2012 to July 1, 2014 is 21 months.

Now, the amount of depreciation after 21 months = Depreciation\ value\ every\ month \times number of months

Amount of depreciation after 21 months = 500\times 21 = \$ 10500

Next to know the book value of asset on July 1, 2014

Book value of asset = Purchase\ value - Monthly\ depreciation\ value

Book value of asset = 45000 - 10500 = \$ 34500

∴ Value of asset on July 1, 2014 is \$ 34500

6 0
3 years ago
Other questions:
  • Bob sold goods for $100 to a charge customer. The customer returned for credit $ 50 worth of goods. Terms of the sale were 3​/10
    10·1 answer
  • Brittney's employer matches 25% of her 401(k) contributions up to $1500.
    9·2 answers
  • Adrian contributed an antique vase she had owned for 25 years to a museum. At the time of the donation, the vase had a value of
    8·1 answer
  • Becker Bikes manufactures tricycles. The company expects to sell 520 units in May and 650 units in June. Beginning and ending fi
    13·1 answer
  • Taco Hut purchased equipment on May 1, 2018, for $15,000. Residual value at the end of an estimated 8-year service life is expec
    12·1 answer
  • Analyze the graph.
    15·2 answers
  • What types of information could you collect to monitor potential political “trouble spots” around the world?
    9·1 answer
  • Based upon the following data, which of the following mutually exclusive projects should you choose if your required return is 1
    12·1 answer
  • What are examples of types of products that are currently being manufactured by joint ventures between the U.S., Canada, Mexico,
    7·1 answer
  • Irene Watts and John Lyon are forming a partnership to which Watts will devote one-half time and Lyon will devote full time. The
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!