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
8090 [49]
3 years ago
11

To supplement her income, Jeanne Lester decided to start her own bookkeeping business while still working as an office assistant

at Howe & Lyon, a small CPA firm. Not having much start-up capital for her new business, she used her phone at work to contact clients and her work computer to print invoices and client letters. However, she ordered and paid for her own office supplies and used her own postage stamps to mail the invoices and letters. From the information given, has Jeanne misappropriated any of the firm's assets? Yes No
Business
1 answer:
Triss [41]3 years ago
7 0

Answer:

Yes  

Explanation:

Misappropriation of assets includes actions like stealing a company's assets or borrowing them for personal use. In this case, Jeanne didn't steal any of the company's assets and even paid for her office supplies, but she is borrowing the company's phone, computer and printer. In a strict manner, we can say that she misappropriated the assets even though they were not harmed and remain completely operational.  

You might be interested in
The CPA Practice Advisor reports that the mean preparation fee for 2017 federal income tax returns was $273. Use this price as t
larisa [96]

Answer:

The CPA Practice Advisor

The probability that the mean price for a sample of 30 federal income tax returns is within $16 of the population mean is:

= 56%

Explanation:

a) Data and Calculations:

Population mean (preparation fee for 2017 federal income tax returns) = $273

Population standard deviation of preparation fees = $100

Mean price for a sample of 30 federal income tax returns = $257 (which is within $16 of the population mean)

z = (x-μ)/σ

z = standard score

x = observed value

μ = mean of the sample

σ = standard deviation of the sample

Z = ($273 - $257)/$100

= 0.16

Using the z-table

P = 0.5636

6 0
3 years ago
Rinaldo wants to know how you recorded the part cash and part credit purchase that occurred during the beginning of May in Sage
Verdich [7]

Answer:

Vendors & Purchases → Enter Bills → New Bill

Explanation:

To record the part cash and part credit entry in Sage 50, we will use the following series.

Vendors & Purchases → Enter Bills → New Bill

To record the purchase transaction we need to enter the transaction in the vendors and purchase option and then we need to create separate bills for our part cash payment and part credit payment separately.

7 0
3 years ago
State two reasons why people work
Hunter-Best [27]

Answer:

earn money, make a change, fulfill their dreams

Explanation:

3 0
3 years ago
Read 2 more answers
In the Republic of Sildavia, a market basket of goods and services cost $130 in 2009, $140 in 2010, and $160 in 2011. Based on t
yarga [219]

Answer:

23.07%

Explanation:

For computing the inflation rate first we have to determine the price index for 2011 which is shown below:

Price index for 2011 is

= (market basket of goods and services cost in year 2011) ÷ (market basket of goods and services cost in year 2009) × 100

= ($160) ÷ ($130) × 100

= 123.07%

Now the inflation rate is

= (Price index for 2011 - price index for 2009) ÷ (price index for 2009) × 100

= (123.07 - 100) ÷ (100) × 100

= 23.07%

And, the price index for 2009 is

= ($130) ÷ ($130) × 100

= 100%

4 0
3 years ago
Determining the true cash balance, starting with the unadjusted book balance
Law Incorporation [45]

Answer:

True Cash Balance $7,688

Explanation:

The computation of the true cash balance is shown below:

Unadjusted Cash Balance as of May 31 $7,176

Add: Interest Earned   $14

Note Collected by Bank $600

Less: NSF check ($67)

Less Bank charges ($35)

True Cash Balance $7,688

Hence, the true cash balance is $7,688 and the same is to be considered

3 0
3 years ago
Other questions:
  • Which business risk is avoidable with proper precautions? A. Machine breakdown B. obsolescence of fixed machinery. C. natural ca
    6·2 answers
  • If all you knew about a production system was that total daily output was 400 units and the total labor necessary to produce the
    11·1 answer
  • How do i cancel my account i made because it does not work
    15·2 answers
  • An employee who has a shorter work schedule with either fewer hours each day or fewer days each week.
    11·1 answer
  • HELP PLEASE
    10·2 answers
  • You bought Sumsung stock for $50 on April 1. The stock paid a dividend of $5 on July 1, and had a price of $53. It is now Oct. 1
    7·1 answer
  • Stockholders' Equity of Riverwild Corporation consists of 50,000 shares of $8 par value, 5% cumulative preferred stock and 400,0
    5·1 answer
  • What are the limitations and constraints that this form of business has on the operations of the Green Bay Packers?
    14·1 answer
  • T or F #9 LAST ONE QUICKLYYY
    7·1 answer
  • __________ is the set of costs associated with various issues firms face when entering foreign markets, including unfamiliar ope
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!