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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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Siva, Inc., imposes a payback cutoff of three years for its international investment projects. Year Cash Flow (A) Cash Flow (B)
Digiron [165]

Answer:

The payback period for Silva Inc. is 3 years. If considering only this method of evaluating projects, Silva Inc will invest in project A and dismiss project B.  

Payback period A=2,1539 years.

Payback period B= 3,0042 years

Explanation:

The payback period refers to the amount of time it takes to recover the cost of an investment. The payback period is the length of time an investment reaches a breakeven point.

<u>Cash Flow A:</u>

                $

I0= - 70.000

1=     28000 =    -42000

2=    38000 =    -4000

3=     26000 =    22000

Payback period= full years until recovery +

                             unrecovered cost beginning year/Cashflow  during year

Payback period A= 2  + (4000/26000)= 2,1539 years.

<u>Cash Flow B:</u>

                $

I0=   -80000

1=       20000 =   -60000

2=       23000 =   -37000

3=       36000 =    -1000

4=       240000 =   239000

Payback period B= 3 + 1000/240000= 3,0042 years

<u>The payback period for Silva Inc. is 3 years. If considering only this method of evaluating projects, Silva Inc will invest in project A and dismiss project B.  </u>

<u></u>

7 0
3 years ago
What are the two characteristics of a product or service that define quality?
Nata [24]

Answer: Design quality and process quality

Explanation: A product or service is performed through a set of actions, which define whether it is good or bad (quality). Therefore, it can be said that the quality of the product or service, comes from the ability of the organization to respond to the needs and expectations of customers satisfactorily. Designing the quality of the products is the route that the seller follows to satisfy all the needs of the client and the process used for this, which must be thorough to meet the expectations of the customers.

7 0
3 years ago
The variable overhead spending variance, the fixed overhead spending variance, and the variable overhead efficiency variance can
kozerog [31]

Answer:

Controllable variance

Explanation:

The controllable variance is the combination of the variable overhead, fixed overhead spending variance and together with this, the variable overhead efficiency variance is also involved

Hence, as per the given situation, the controllable variance is to be considered

Therefore the above represents the answer

7 0
3 years ago
Jamie Lee has decided to purchase a certified pre-owned vehicle. What might she expect as far as reliability and a warranty on t
babunello [35]

The things which Jamie Lee <em>might expect</em> as far as reliability and a warranty on the used car is:

  • No factory fault
  • Low mileage
  • Accident free, etc.

<h3>What is a certified pre-owned vehicle?</h3>

This refers to a fairly used car which has been certified by factory standards that has been accident free and has very low mileage and is expected to work without much problems.

With this in mind, we can see that because Jamie Lee has decided to purchase a pre-owned vehicle, the things which she would expect in terms of reliability and warranty is that it should give her little to no problems

Read more about pre-owned vehicle here:
brainly.com/question/2450677

6 0
2 years ago
On February 1, 2018, Sanger Corp. lends cash and accepts a $2,000 note receivable that offers 10% interest and is due in six mon
Lubov Fominskaja [6]

Answer:

Journal Entry

Cash = $2100

Interest Revenue = 100

Notes Receivable = $2000

Explanation:

We need to find the interest revenue:

$2000 X 0.10 = $200

The time interval from February to August is 6 months. Therefore we have;

Interest Revenue = $200 X (6 months/12 months) = 100.

Sanger's record on August 1 2018, would be:

Journal Entry

Cash = 2000 + 100 = $2100

Interest Revenue = 100

Notes Receivable = $2000

5 0
3 years ago
Read 2 more answers
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