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sukhopar [10]
4 years ago
12

Example 1: Your manager enters your office with receipts from a restaurant and bar and asks for reimbursement. The manager claim

s the expenses were incurred while entertaining a client. Later that day, your manager’s wife comes to the office to drop off his lunch and mentions to you the expensive restaurant her husband took her to the night before and tells you exactly what she ordered. While processing the receipt for reimbursement, you could not help but notice the itemized receipt included the exact items the manager’s wife mentioned she had for dinner. What do you do?
Business
1 answer:
mrs_skeptik [129]4 years ago
7 0

Immedietly stop processing and tell the manager

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On January 8, the end of the first weekly pay period of the year, Regis Company's payroll register showed that its employees ear
gayaneshka [121]

Answer

The answer and procedures of the exercise are attached in a microsoft excel document.  

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.  

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6 0
3 years ago
J Corporation has gathered the following data on a proposed investment project (Ignore income taxes.): Investment required in eq
jenyasd209 [6]

Answer:

15.4%

Explanation:

required initial investment $33,500

annual cash flows $7,400

useful life 15 years, no salvage value

depreciation expense per year = $33,500 / 15 = $2,233.33

simple rate of return = annual incremental net operating income / Initial investment

  • annual incremental net operating income = $7,400 - $2,233.33 = $5,166.67
  • initial investment = $33,500

simple rate of return = $5,166.67 / $33,500 = 15.4%

5 0
3 years ago
The adjusting entry for a prepaid expense includes a debit to a(n) ______ account
ziro4ka [17]

The adjusting entry for a prepaid expense includes a debit to a expense account and a credit to an asset account.

<h3>What is adjusting entry ?</h3>

An adjusting journal entry  can be described d as the  entry in a company's general ledger which is been carried out at end of an accounting period in order to have the record of any unrecognized income or expenses.

It should be noted that The adjusting entry for a prepaid expense includes a debit to a expense account and a credit to an asset account.

Find out more on adjusting entry at :

brainly.com/question/13933471

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4 0
2 years ago
Land, a building and equipment are acquired for a lump sum of $1,000,000. The market values of the land, building and equipment
sergij07 [2.7K]

Answer:

The answer is option (b). $250,000

Explanation:

Step 1: Determine total market value

The expression for the total market value is;

Total market value=land value+building value+equipment value

where;

land value=$300,00

building value=$600,000

equipment value=$300,000

replacing;

Total market value=(300,000+600,000+300,000)=$1,200,000

Total market value=$1,200,000

Step 2: Determine fraction of the total market value that is equipment

Equipment fraction=equipment value/total market value

where;

equipment value=$300,000

total market value=$1,200,000

replacing;

Equipment fraction=300,000/1,200,000=0.25

Step 3: Determine cost assigned to the equipment

Cost assigned to the equipment=equipment fraction×lump sum

where;

equipment fraction=0.25

lump sum=$1,000,000

replacing;

Cost assigned to the equipment=(0.25×1,000,000)=250,000

Cost assigned to the equipment=$250,000

3 0
4 years ago
3 Balance sheet items for Nadew Travel Service were as follows at Dec. 31, 2018. Accounts payable Br. 23,100 Land Br. 90,000 Acc
deff fn [24]

Answer

1, 2018. Accounts payable Br. 23,100 Land Br. 90,000 Accounts receivables 52,000 Notes payable 100,900 Building 54,800

Explanation:

5 0
2 years ago
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