Answer:
Reconciling vendors' monthly statements with subsidiary accounts payable ledger.
Explanation:
In accounting, reconciliation is the process of checking that two sets of records (usually the balances of two accounts) are in agreement. Reconciliation is used to ensure that the money leaving an account matches the actual money spent.
Answer:
C. the front page test
Explanation:
The front page test -
It is an analysis method , very useful as it motivates the public to officially think about how his or her actions would look or fell to the outside world .
Same is the case with Haley , since she is aware that she can make a lot of money from the large hospital network , but she is more concern about the threat of being caught and from the reaction of the out side public .
Hence , the correct answer is the front page test .
Answer: Rational
Explanation:
The rational model (classical model) of decision making explains how managers should make decisions. It assumes that managers will make logical decisions in four stages namely :
1. Identify the problem or opportunity
2. Think up alternative solutions
3. Evaluate alternatives & select a solution
4. Implement & evaluate the solution chosen.
Answer:
The clamshell should be purchased.
Explanation:
Note: see the attached for the calculation of the net future worth (NFW) of the two options.
NFW of Buy Option = $121,150.54
NFW of Lease Option = –$302,003.98
Since the $121,150.54 NFW of the buy option is positive, while the $302,003.98 NFW of the lease option is negative, the clamshell should be purchased.
Answer:
Depreciation
Explanation:
Depreciation is the process of reallocation of tangible assets over its useful life. Depreciation is an expense which is charged on the entire cost of a long-term tangible fixed asset. The depreciation expense is computed by reducing the scrap value of the asset from its cost and dividing it by the entire useful life of the asset. There are several methods used to depreciation tangible assets such as straight-line method, MACRS, double declining etc. Salvage value is the expected value of the asset at the end of its life. For example, if an asset has been purchased at $110,000 with a useful life of 5 years and salvage value of $10,000 then using straight-line depreciation per year over 5 years will be ($110,000-$10,000)/5 = $20,000.
