Answer:
b) an invoice approval initiates the recording of a purchase
Explanation:
A voucher system is used for the authorization of cash payments. Under such a system, a voucher is prepared stating what item is to be purchased, the account which would be charged and the amount of purchases.
Internal controls refer to the system of prevention and detection of frauds and misstatements by the management of an entity to ensure integrity of financial records and transactions.
A voucher system is one of the means of implementing internal controls whereby every purchase can only be processed by sanction of an authority who is authorized to pass the purchase. The voucher issuer and authorizing authority are of course different to ensure independence.
Answer:
$58,200.
Explanation:
We use the inventory identity to solve for COGS
Beginning Inventory 27,300
Production 57,500
Ending 26,600
27,300 + 57,500 = 26,600 + COGS
COGS = 27,300 + 57,500 - 26,600
COGS = 58,200
Answer:
Because a cosigner is another person who is also responsible for ensuring the loan is paid.
Explanation: A cosigner is a person who is signing on to the loan and by doing so, they are jointly taking on responsibility for repayment of the loan. So basically loan repayment is being guaranteed by the person taking out the loan and the cosigner.
Answer:
6
Explanation:
The Insurance Institute for Highway Safety (IIHS) is known to be an independent body or organization. It is a nonprofit scientific and educational organization solely aimed to reducuction of the losses and deaths, injuries and property damage as a result from motor vehicle crashes. In US, due to front or rear crashes cost more than 6 billion dollars a year is being spent on injury.
B. The root ben, bien, or bien is essentially latin for good. Therefore the person that receives the good is the beneficiary.
