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kaheart [24]
3 years ago
12

Q 7.28: A multi-location flower shop receives payment from customers in person, over the Internet, and through the mail. When ch

ecks come in the mail, the mail clerks send the checks to the cashier’s department and a list of checks to the accounting department. What is the primary reason the company engages in this practice?
Business
1 answer:
Lapatulllka [165]3 years ago
5 0

Answer:

The reason for such practice is to ensure the chance for perpetrating fraud is eliminated.

Explanation:

The cash internal control set by the company is to ensure that cash of the business is not stolen,since cash receipt is a high fraud area,every attempt must be made at ensuring that accurate cash is accounted by segregating the duty for cash collection and cash receipt recording.

In smaller firms,a representative of the team handing cash and the accounting department would have to be present when mails containing cash are to be opened such that one counts and the other takes appropriate record of the cash received.

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9- 23. Someone argues that an advantage of vouchers would be to allow high school students to learn to weld and operate a mill i
Amiraneli [1.4K]

Answer:

The correct answer is letter "D": vouchers as an efficient and equitable use of public resources.

Explanation:

School vouchers are monetary public resources allocated to private education. States provide parents a certain amount of money so their children go to a private school or, in other cases, that money can be used for homeschooling. The money provided covers part of private schooling only.

Therefore, <em>if a person focuses on providing students technical knowledge that could be useful for students when they join the workforce instead of allocating resources for private regular shooling, that individual is likely to consider that vouchers are not used efficiently neither it brings effective results.</em>

3 0
3 years ago
Vinson Company purchased a patent for $180,000 at the beginning of Year8, and estimated that its expected useful life was 5 year
Alona [7]

Answer:

amortization expense is $36000

Explanation:

given data

purchased = $180000

time = 5 year

to find out

amount recorded as amortization expense

solution

we know here purchased  patent  for 180000 and here life is 5 years

so here

amortization expense will be purchased / time

amortization expense =  purchased / time

amortization expense = 180000 / 5

so amortization expense is $36000

6 0
3 years ago
Suppose there is a simple one good economy that only produces spinning rims. In 2015, the economy was able to produce 1 million
Alex_Xolod [135]

Answer: 0

Explanation:

Firstly, we will calculate the nominal value in 2015 which will be:

= $500 x 1 million

= $500 million

The nominal value in 2016 will be:

= $1000 x 1 million

= $1 billion

Real GDP will be the price of the base year multiplied by the quantity of the current year which will be:

= $500 million x 1 million sets

= $500 million

Therefore, the increase in real GDP is zero.

4 0
3 years ago
In the late 1960s and the early 1970s, the ___________ and the __________ attempted to resolve the dispute by agreeing to severa
11Alexandr11 [23.1K]

Answer:

In the late 1960s and the early 1970s, the _texas bar association_ and the _texas association of realtors_ attempted to resolve the dispute by agreeing to several earnest money contracts that would be acceptable for real estate practitioners to use in their daily business.

Explanation:

(Texas Bar) is a judicial body which is under the Supreme Court's administrative control. They shall assist the Texas Supreme Court with the supervision of all lawyers in Texas. It is America's fifth largest lawyer group.

The association of realtors is an organised group that protects the rights of realtors and also lays down some ground rules for all realtors to abide.

7 0
3 years ago
What is a credit limit? AThe required payment to your credit card company. BHow many credit cards you can own. CThe amount of in
Zolol [24]
B how many credit cards you can own
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3 years ago
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