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2 years ago

Even if controls are in place, most companies require how man many signatures for checks over a certain dollar amount?

Business

2 answers:

ludmilkaskok [199]2 years ago

4 0

Answer:

Most companies require at least two signatures for checks over a certain amount. This is done to keep a checks and balances system within the company.

Checks are usually prepared by the finance department, and if the only someone inside that department was required to sign the check, then how could management control if the payments were correct or not? That is why an extra signature form someone outside the finance department is required.

FrozenT [24]2 years ago

3 0

Most companies requires at least two signatures for checks over a certain dollar amount.

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A new company manufactures tennis rackets. The fixed expenses are $78,490 and the variable expenses are $14 per racket produced.

fomenos

The solution for the problem follows:

Expense = variable expenses * quantity of produced + fixed expenses

= 14q + 78,490

= 14 (3500) + 78, 490

= 49000 + 78,490

= $127, 490 is the total expense for 3,500 tennis rackets

Get the per piece expense by dividing 127,490 to 3500

Expense per piece = 127,490 / 3500

= $36.43

3 0

3 years ago

A company manufactures a product using machine cells. Each cell has a design capacity of 250 units per day and an effective capa

Blababa [14]

Answer:

1.90

Explanation:

Calculation for how many cells that the company require to satisfy predicted demand

Using this formula

Numbers of cell=Projected annual demand/Annual capacity per cell

Based on the information given we were told that Annual demand is 50,000 units in which it is forecasted that within 2 years it will tripple which means that Annual demand will be calculated as:

Projected annual demand = 50,000*2 years

Projected annual demand=100,000

Let plug in the formula

Numbers of cell=100,000÷(220 units/day × 238 days/year)

Numbers of cell=100,000÷52,360

Numbers of cell=1.90

Therefore the amount of cells that the company require to satisfy predicted demand will be 1.90

6 0

3 years ago

An investor set up his own IRA several years ago and has now decided to get professional advice from an investment adviser. When

Nezavi [6.7K]

Answer:

Municipal bond fund

Explanation:

He should be most concerned about this fund because these investments are in the investors IRA, the investment aadviser should be immediately concerned about the municipal bond fund investment.

We have seen that this is a tax deferred account, so a tax free investment is not going to be suitable.

8 0

3 years ago

Pauline is about to open a new hardware store. She is making decisions regarding lighting, colors, and layout of merchandise. Pa

Morgarella [4.7K]

Answer:

Store atmosphere

Explanation:

There are various techniques used by companies to attract more customers. One of them is to design the shop in the best way possible. Pauline is thinking about designing the place and making decisions about the colours and layout because Pauline understands that the store atmosphere and the looks can certainly affect the customer's purchase decision.

8 0

3 years ago

PRO FORMA INCOME STATEMENT Austin Grocers recently reported the following 2016 income statement (in millions of dollars): Sales

padilas [110]

Answer:

Net income = $169.2

Growth in dividend = 76.25%

Explanation:

The projected figures are as below:

Sales = $700 x (1 + 15%) = $805 (15% increase in sales)

Operating costs including depreciation = $805 x 60% = $483 (60% of sales)

Interest expense = 40 (remain constant)

EBIT = Sales - Operating costs including depreciation = $805 - $483 = $322

EBT = EBIT - Interest expense = $322 - $40 = $282

Net income = EBT x (1 - Tax rate) = $282 x (1 - 40$) = $169.2

Dividend = Net income x Dividend payout ratio = $169.2 x (32/96) = $56.4

Growth in dividend = $56.4/$32 = 76.25%

4 0

3 years ago