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charle [14.2K]
4 years ago
7

From the following list, identify those that are likely to serve as source documents. (You may select more than one answer)

Business
1 answer:
cupoosta [38]4 years ago
7 0

Answer:

(A) Sales ticket

(D) Telephone bill

(E) Invoice from supplier

(I) Prepaid insurance

Explanation:

The source document support the transaction that will be entered in the accounting system.

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13) Suppose that there is a positive aggregate demand shock and the central bank commits to an inflation rate target. If the com
AveGali [126]

Answer:

C) over time inflation will fall back down to the inflation target.

Explanation:

In the scenario, there is a positive aggregate demand shock which will lead to inflation because prices of goods will rise as aggregate demand increases with supply being unchanged

<u>A demand shock is a sudden event that increases or decreases demand for goods or services temporarily. A positive demand shock increases aggregate demand and a negative demand shock decreases aggregate demand. </u>

<u>Therefore there will be an initial inflation with the shock but since demand shocks are temporary and the central bank commits to an inflation rate target, then over time inflation will fall back down to the inflation target.</u>

7 0
3 years ago
Which of the following is a difference between a static and a flexible budget? Multiple Choice Static budgets are based on the s
bagirrra123 [75]

Answer:

None of these answers is correct.

Explanation:

A static budget is also referred to as a fixed budget.  A static budget remains constant throughout a period regardless of changes in inputs.  A static budget is prepared at the beginning of a period. It is an informed forecast of incomes and production in the coming year.  

A flexible budget adjusts to changes in volumes or activity. A flexible budget is prepared using the actual activity level and incomes at the end of a period. A comparison is then made with the actual expenses to evaluate the performance for the year.

5 0
3 years ago
What defines a common chain of command within a corporation?
Cerrena [4.2K]

Answer:

Chain of command means flow of authority from bottom to top.

Explanation:

Chain of command means a sequence of authority of a company . Chain of command is very important to a company as it tells the hierarchy of reporting relationship . Chain of command helps the person in knowing that who will report to whom , from whom he can receive order or  to whom he can give order . It also helps in knowing that who is accountable to whom .

It also improves decision . It helps in avoiding confusion or chaos as people know that from whom they receive order or to whom they can give order.

It also improves communication problem in the firm .  

4 0
4 years ago
Deposits into any bank are limited to?
Ghella [55]

Answer:

A

Explanation:

The Federal Deposit Insurance Corporation (FDIC) limits the amount of money insured by banks and encourages people with a large amount of money to spread their money out among different banks and also stimulates the economy.

6 0
3 years ago
How can work be made attractive ad enjoyable
Nitella [24]

Answer:

I guess by working and doin some you love i dont know

Explanation:

5 0
3 years ago
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