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snow_tiger [21]
3 years ago
15

Which of the following is a standard control over cash disbursements? a. Checks and supporting documents should be marked "Paid"

immediately after the check is returned with the bank statement. b. Checks should be sequentially numbered and the numerical sequence should be accounted for by the person preparing bank reconciliations. c. Checks should be sent directly to the payee by the employee who prepares documents that authorize check preparation. d. Checks should be signed by the controller and at least one other employee of the company.
Business
1 answer:
Alchen [17]3 years ago
4 0

Answer:

B. Checks should be sequentially numbered and the numerical sequence should be accounted for by the person preparing bank reconciliations

Explanation:

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arlik [135]
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5 0
3 years ago
A difference between explicit and implicit costs is that a) explicit costs must be greater than implicit costs. b) explicit cost
Andrej [43]

Answer:

Implicit costs do not require a direct monetary outlay by the firm, whereas explicit costs do.

Explanation:

Rent, salary, and other operating expenses are considered explicit costs. They are all recorded within a firm's financial statements, meaning they are present and clearly shown or reported as a separate cost. The main difference between the two types of costs is that implicit costs are opportunity costs, meaning that it is present but it is not initially shown or reported as a separate cost, while explicit costs are expenses paid with a company's own tangible assets. In other words, explicit costs are always shown, implicit costs are not, at least initially, exactly like the meaning words suggest.

8 0
3 years ago
Younie Corporation has two divisions: the South Division and the West Division. The corporation's net operating income is $95,40
zalisa [80]

Answer:

$122,500

Explanation:

Calculation for the amount of the common fixed expense not traceable to the individual divisions

First step is to calculate Total segment margin

Total segment margin = $43,600 + $174,300

Total segment margin= $217,900

Now let calculate the Common fixed expense

Common fixed expense = $217,900-$95,400

Common fixed expense $122,500

Therefore the amount of the common fixed expense not traceable to the individual divisions is $122,500

8 0
3 years ago
After General Mills conducted market research for Go-gurt, the company managers determined that the marketing strategy was missi
hodyreva [135]

Answer: Prepare the research report..

Explanation:

The Market Research Process enables a company to check if their strategies are wiring in the business Environment. It checks by collecting, analysing and interpreting data to come up with meaningful conclusions that can be acted on to improve the company's standing.

When the Managers were able to determine during the Research into Go-gurt that their marketing strategy was missing the key benefits of the product, it had to be during the preparation of the research report. In this stage the analyzed data can then be made conclusions on and this was where the Managers were able to see that indeed the marketing strategy employed was missing the key benefits of the product.

8 0
4 years ago
Examples of ______ are the AFL-CIO (a union) and the National Federation of Independent Business. Both are voluntary groups with
Vesnalui [34]

Answer:

Volunteer co-ops

Explanation:

Examples of VOLUNTEER CO-OPS are the AFL-CIO (a union) and the National Federation of Independent Business. Both are voluntary groups with the purpose of advancing member interests.

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3 years ago
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