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Nookie1986 [14]

3 years ago

13

Clearing House Interbank Payment System (CHIPS) is an organization that provides secure communication for contracts, invoices, a

nd other trade documents that normally accompany cash payments. false

1 answer:

lakkis [162]3 years ago

3 0

Answer:

the spleen

Explanation:

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Karen is designing a process for issuing checks and decides that one group of users will have the authority to create new payees

Nataly [62]

Answer:

D. Separation of Duties

Explanation:

Separation of duties also know as segregation of duties refuses that one person he responsible of acquisition of assets, their custody and related record keeping. The process in which Karen is using to prevent fund by separating individuals who as the authority to issue checks is known as separation of duties. It is a form of internal control aimed at reducing risk of errors and frauds.

4 0

3 years ago

For a given single sum invested at 8% for four years, how will the future value be affected if the compounding period is changed

Lorico [155]

Answer:

Future Value will increase

Explanation:

Future Value = Present Value (PV)*(1 + i)^n

<em>Let Amount be $10,000</em>

<em>Interest = 12% compounded annually</em>

<em>Period = 4</em>

Future Value = $10,000 * (1 + 12%)^4

Future Value = $15,735.19

<em>Let Amount be $10,000</em>

<em>Interest = 12% compounded quarterly</em>

<em>Period = 4 (4*4)</em>

Future Value = $10,000*(1 + 3%)^16

Future Value = $16,047.06

Conclusion: The future value will increase.

5 0

3 years ago

Lax LLC purchased only one asset during the current year (a full 12-month tax year). On August 26 Lax placed in service computer

Elena-2011 [213]

Answer:

$4,000

Explanation:

The asset's recovery period is 5 years and the half-year convention applies.

Therefore :

$20,000 ×0.20 = $4,000.

6 0

3 years ago

Which of these measures is (are) frequently used to rate suppliers when using an integrated supplier scorecard?

nignag [31]

When evaluating a supplier using the integrated supplier scorecard, most are reevaluated on quality of their products, cost of the product, how quickly the items are able to be deviled and the flexibility the supplier has when the organization needs supplies. The scorecards allow the company to make sure they are doing and receiving the best items from their suppliers on each different level.

4 0

3 years ago

For $20 million, Ross Adams Mining acquired a tract of land containing a large deposit of anthracite coal. Ross Adams believes t

ziro4ka [17]

Answer:

$6.25 per ton of coal

Explanation:

the depletion base = purchase cost + restoration costs

purchase cost = $20 million
restoration costs = $6 million

depletion base = $26,000,000

depletion rate per ton of coal = (depletion base - salvage value) / estimated reserves = ($26,000,000 - $1,000,000) / 4,000,000 = $6.25 per ton of coal

The depletion rate follows the same concepts as depreciation of fixed assets, but instead of using a fixed asset, you are extracting materials and decreasing the value of the deposits.

8 0

3 years ago