Reconciling the daily remittance report with postings to the cash receipts journal and accounts receivable subsidiary ledger is a control activity that can provide assurance for the:_________
Answers
Reconciling the daily remittance report with postings to the cash receipts journal and accounts receivable subsidiary ledger is a control activity that can provide assurance for the accuracy and completeness of the cash receipts process.
This control activity helps to ensure that all cash received has been properly recorded and accounted for and that any discrepancies or errors can be identified and corrected in a timely manner. This provides assurance for the reliability of financial information and helps to prevent fraud or other irregularities.
Additionally, reconciling the remittance report with the accounts receivable subsidiary ledger can help to identify any unpaid invoices or overdue accounts, which can be followed up on to ensure the timely collection of outstanding receivables.
Overall, this control activity is an important part of maintaining effective internal controls over cash receipts and accounts receivable and can help to ensure the integrity of financial reporting.
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Related Questions
What provision in an insurance policy extends coverage beyond the premium due date? A) Waiver of premium. B) Grace period. C) Free look. D) Automatic premium
Answers
The provision in an insurance policy that extends coverage beyond the premium due date is the Grace period. A grace period is a time period that a policyholder has after a missed payment to pay the premium without losing coverage.
An insurance policy is an agreement between an insurance company and an individual that provides financial security or reimbursement for specific losses or damages. It requires the insurer to pay for specific covered expenses in exchange for a regular premium payment.
What is Grace period?
The grace period is the period in which policyholders are given to pay their insurance premiums after the due date. It is a set amount of time after the premium due date during which the policyholder can pay the premium due without penalty. This grace period helps policyholders avoid policy termination in case they fail to pay premiums on time. The grace period is usually a few days long, typically ten days, and it varies from one insurer to another. If the policyholder fails to make a payment during the grace period, the policy can lapse.
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Quest
Which of the following is a benefit for a company with a positive
organizational climate?
O A. It will promote disruptions that will lead to worse communication.
O B. Employees will be less motivated to see their company succeed.
C. it will have trouble attracting quality potential employees.
O D. Employees will be more receptive to the needs of their managers.
SUBMIT
Answers
Employees will be more receptive to the needs of their managers
Answer D is correct. This is the only positive outcome of all the answers.
If your marketing budget is $5,000 and you have spent 27% of it, what is the amount you have left to spend?
Answers
Answer:
3650
Explanation:
3650 is the amount you have left to spend from the budget of $5,000.
What is a budget?A budget is an estimate of income and expenses for a given future period of time that is often created and reviewed on a regular basis. Any organization that wishes to waste cash, including corporations and organizations, as well as individuals and households of any economic level, can create a budget.
The total budget that was assigned for marketing was $5000
The amount that was spent from the budget was 27%
The amount that was left from the budget = 100 - 27
= 73%
The money that was left of the marketing budget will be
= 5000 * 73%
= 5000 * 73/100
=5000 * 0.73
= $3650
The amount that was left was $3650 which can be spent more, depending on the allocation of the resources. This is 73% of the total amount that was assigned.
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What would a meeting that broke every tule of perliamentary procedure be like? Then explain what breaking each of these rules might lead to.
Answers
Parliamentary procedure s a set of guidelines for proper behavior in meetings that ensures everyone is heard and that decisions are made without ambiguity.
Which three motions under parliamentary procedure are there?This kind of motion occurs most frequently. Motions that are secondary but have an impact on the motion under consideration. Privilege motions are urgent issues that need to be resolved right once, even if they cause pending business to be delayed. Motions that are incidental to the current business but relate in various ways.
What role does process play?Policies and procedures work as a road map for daily operations. They make sure laws and regulations are followed, provide direction for making decisions, and streamline internal operations.
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to my brother jayjay
Answers
hahahahahhaha
that is very funny i am laughing so hard i am crying
Seller Adelaide and buyer Colin close on a transaction for two rental condos on March 15. They live in a state where the seller is considered the owner of the property on the day of closing. The combined rental income per month is $4,000. How much rental income can Colin expect to earn in March
Answers
Answer:
$2,064.48
Explanation:
Given the following :
Combined rental income per month = $4000
Transaction close date = March 15th
Number of days in March = 31
Daily Rental income for the two condos :
Income per month / days of the month
$4000 / 31
= 129.03
Number of days left in March = number of days payment Collins will make
= 31 - 15 = 16 days
Total rental payment in March :
Daily Rental fee × number of days left
$129.03 × 16 = $2,064.48
= $2,064.48
Why is a brand important to a business?
Answers
A person who does not have capacity to contract may later contract.
A. accept
B. disaffirm
C. counteroffer
D. enforce
Answers
Answer:
B.) Disaffirm
Explanation:
I just took it and got it correct
Answer:
B
Explanation: I just took it
a company's minimum acceptable rate of return for a capital investment decision is called the: select one: a. internal rate of return (irr). b. maximum rate of return. c. hurdle rate. d. average rate of return. e. accounting rate of return (arr).
Answers
A company's minimum acceptable rate of return for a capital investment decision is called the Hurdle Rate. The correct answer is c. Hurdle Rate.
Hurdle rate is the minimum rate of return required on a project or investment for it to be deemed acceptable or ‘worthwhile’. It is used to evaluate new investments and is typically set by the company’s management.
For example, if a company has a 10% hurdle rate, they will only invest in a project or purchase an asset if they expect a return greater than 10%. If the expected rate of return is lower than the hurdle rate, the project or asset purchase would be rejected.
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An unexpected frost in the orange groves of california would cause:
Answers
Answer:
there would be less oranges so the prices would go higher or there might be no oranges at all. hope that helped
managers typically monitor inventory very closely to ensure that sufficient units are available for sale and to prevent inventory from becoming:
Answers
Managers generally keep a tight eye on inventories to ensure that there are enough units offered for sale and that stock does not become outdated.
First in, first out (FIFO) provides a more realistic outcomes. Its because computing profit from stock is simpler, making it easier to update company financial accounts while also keeping costs down.
It also implies that old stock isn't re-counted or kept useless for lengthy periods of time.
So, Outdated is correct answer.
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Identify the problem by analyzing the given scenario. An IT software company is losing market share because it fails to launch new products in a timely manner. Decisions are centralized at the top, and employees have little or no voice. One way to solve this problem is to use teams to eliminate ____ in the company.
Answers
Explanation:
to eliminate their best efforts in the company
Answer:
"bureaucratic barriers"
Explanation:
i got it right on plato
The impact of Furman v. Georgia (1972) was that states had to
promise to use the death penalty only with approval from the Supreme Court.
throw out the old Miranda warning and write a new one.
agree to throw out all state laws regarding crime and impose national standards.
create clear standards to be applied fairly before imposing the death penalty.
Answers
Answer: D.create clear standards to be applied fairly before imposing the death penalty.
Explanation: The answer it's right there
The impact of Furman v. Georgia (1972) was that states had to
create clear standards to be applied fairly before imposing the death penalty.The Furman v. Georgia caseThis was a case that had to do with the cruel and the unusual way that people faced in the death penalty.
The case ruled that the death penalty was unconstitutional if it was applied in a discriminatory way.
It ruled that the eight amendment was being violated if used in this way.
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12. (a) Assume that you want to buy a new car and the interest rate you are offered is 8.80% APR (assuming a FICO credit score of only 685 ), with monthly payments for 4 years. You can afford a payment of $600 per month. What is the greatest amount you can borrow? (b) Now let's assume that you decide that $600 per month is more than you want to spend. In order to buy that same car (answer to part a), if you take your loan out over 7 years instead of only 4 , how much more will you be paying in interest over the life of the loan compared to the previous loan (part) a)? Hint, you need to first calculate the alternate payment, then your answer to this question is how much more in interest do you pay over the life of the 7-year loan over the 4-year loan for the same value of car, with financing at the same interest rate? FYI: Seven years is the maximum term (currently) for auto loans, taking a longer loan will lower your monthly payment (all things equal). Your decision is how much you can afford to pay and how much more you are willing to pay in interest over the life of the loan. For this example, I am assuming that the interest rate doesn? change.
Answers
(a) With a monthly payment of $600 and an 8.80% APR, the maximum amount that can be borrowed for 4 years is approximately $23,952. (b) The additional interest paid over the 7-year loan compared to the 4-year loan is approximately $4,156.
(a) To find the maximum amount that can be borrowed for 4 years with a monthly payment of $600 and an 8.80% APR, we can use a loan calculator. Solving for the loan amount, we find that it is approximately $23,952.
(b) To calculate the additional interest paid over the 7-year loan compared to the 4-year loan, we need to find the alternate payment for the 7-year loan. Assuming the same interest rate, we can use a loan calculator again. With a loan amount of $23,952, a term of 7 years, and an 8.80% APR, the monthly payment for the 7-year loan is approximately $389.
To calculate the difference in interest paid, we can subtract the total interest paid for the 4-year loan from the total interest paid for the 7-year loan. The difference is approximately $4,156, which represents the additional interest paid over the life of the 7-year loan compared to the 4-year loan for the same value of the car and financing at the same interest rate.
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Which is a characteristic of judging approach
Answers
Answer:
Clarity and Closure
Explanation
Judgers take a planned, ordered, and precisely calibrated approach to life, developing both short- and long-term plans to assist them in achieving their objectives. For them, schedules and "to-do" lists are consoling. They dislike uncertainty and change, preferring to know what they are getting into instead.
Those that have this preference feel more in control of their surroundings. They are disciplined and resolute, seeking resolution as soon as possible to reduce stress. Judgers struggle with open-ended plans because they have a "work first-play later" mentality. Instead of addressing issues as they arise, they would prefer to devise three distinct backup plans.
Judgers take their obligations and deadlines very seriously, both in business and in life. They are quite particular.
Accounting affects the different types of businesses because taxes are handled differently, it does not affect the ability to gain money, and it can affect initial and recurring costs. True or False?
Answers
Answer: Your answer will be TRUE
Which persuasive appeal do you think is the most effective in advertising? Explain.
Answers
What would CRM software help you
do?
Answers
CRM software can help you in the following ways.
They can help in streamlining deals and marketing efforts, manage client connections, and see to client satisfaction.Also, the capability to track client relations and data can help businesses optimize their operations and identify areas for improvement.What is CRM software?CRM software or Customer Relationship Management software is an important tool which was created to help businesses manage their relations with customers and potential customers.
It allows businesses to store client data like contact information, purchase history, and communication preferences, all in one centralized location.
This data gotten from the software can be analyzed and used to perceive how a customer behaves, his preferences, and needs.
Thus, a CRM tool can help businesses cultivate strong relations with their customers and drive long- term growth.
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In VC and PE, the fund's location and the portfolio company's location have both been documented to influence portfolio performance.
a. In what ways might the fund's location per-se influence performance? And why?
b. Do you believe that the fund's distance from the portfolio company would influence performance? In what way and why?
Answers
a. The fund's location can influence performance through better monitoring, access to local opportunities, and investor perception.
b. The fund's distance from the portfolio company can impact performance by affecting monitoring capabilities and communication, but advancements in technology and strategic approaches can help mitigate these challenges.
a. The fund's location can influence portfolio performance in several ways. Firstly, the proximity to the portfolio companies allows for better monitoring and supervision of the investments. If the fund is located closer to the portfolio companies, it can more easily interact with the management teams, participate in board meetings, and have a better understanding of the day-to-day operations. This proximity facilitates timely decision-making, quick access to information, and the ability to address any issues or challenges promptly.
Secondly, the fund's location can also impact the availability of local investment opportunities and deal flow. Certain geographic regions may have a concentration of industries or sectors that are more attractive for investment. Being situated in such areas provides the fund with better access to potential investment targets, industry networks, and local market insights. This can result in a broader range of high-quality investment opportunities and potentially higher returns.
Additionally, the fund's location may influence investor perception and confidence. Investors may have preferences for investing in funds located in well-established financial centers or regions known for their expertise in certain industries. The reputation and credibility associated with the fund's location can attract more investors and potentially lead to increased capital inflows.
b. The fund's distance from the portfolio company can indeed influence performance, although the magnitude of the impact may vary. When the fund is geographically distant from the portfolio company, it may face certain challenges in terms of monitoring and involvement. Communication and regular interactions with the management team can become more difficult, leading to potential delays in decision-making and reduced oversight.
Physical distance can hinder the fund's ability to gather real-time information, assess operational performance, and identify emerging risks or opportunities. Face-to-face meetings, site visits, and direct engagement with the portfolio company's management team may be limited, impacting the depth of understanding and ability to address issues promptly.
However, advancements in communication technology have mitigated some of these challenges. Video conferencing, virtual meetings, and other remote collaboration tools have made it easier to bridge the distance gap. Additionally, funds can establish local teams or rely on local partners to provide on-the-ground support and enhance proximity to the portfolio companies.
Overall, while the fund's distance from the portfolio company can pose challenges, it is not necessarily a determining factor for performance.
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Which best describes a way people can use personal loans? to buy a house to buy a bicycle to pay for college to pay for groceries
Answers
Answer:
c. to pay for college
Explanation:
just took the test
Answer:
C. to pay for college
Explanation:
Should highschoolers have nap time?
Best answer gets brainliest and 100 points!
Answers
On April 22, 2020, Blossom Enterprises purchased equipment for $130,100. The company expects to use the equipment for 11,000 working hours during its 4-year life and that it will have a residual value of $8,000. Blossom has a December 31 year end and pro-rates depreciation to the nearest month. The actual machine usage was: 1,200 hours in 2020; 2,600 hours in 2021; 4,000 hours in 2022; 2,500 hours in 2023; and 900 hours in 2024.
(a1) Calculate depreciation expense for the life of the asset under straight-line method
Answers
Therefore, the company's depreciation expenses for the life of the asset under the straight-line method are $124,488.18
Straight-line method: The method of depreciation is based on the assumption that an equal amount of depreciation occurs during each period of the useful life of an asset, and it is the most commonly used method of depreciation.
Calculation of depreciation expense for the life of the asset under straight-line method is given below;
The total cost of equipment purchased = $130,100
Residual value = $8,000
Total Depreciable Cost = $130,100 - $8,000
= $122,100
Useful life of equipment = 4 years or 48 months
Expected working hours = 11,000
Straight line depreciation per hour = Depreciable cost / Total working hours
= $122,100 / 11,000 hours= $11.10 per hour
Depreciation expense for each period Year 2020:
Depreciation for 2020 = (1,200 hours / 11,000 hours) * $122,100
= $13,262.73
Depreciation for 2021 = (2,600 hours / 11,000 hours) * $122,100
= $28,847.27
Depreciation for 2022 = (4,000 hours / 11,000 hours) * $122,100
= $44,400.00
Depreciation for 2023 = (2,500 hours / 11,000 hours) * $122,100
= $27,977.27
Depreciation for 2024 = (900 hours / 11,000 hours) * $122,100
= $10,000.91
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According to the video, what tasks do Librarians perform? Check all that apply.
A. supervising staff
B. writing stories
C. coordinating storytelling sessions
D. speaking at public events
E. dealing with angry customers
F. classifying materials
Answers
Answer: C and F
Explanation:
Answer:
Its I believe a,c, and f
Explanation:
your welcome
$10,000 Revenue, $5,000 Expenses. What is the Net Profit $?
Answers
Answer:
$5,000
Explanation:
5 RACKIES
why is the firm's demand curve flatter than the total market demand curve in monopolistic competition?
Answers
When there is monopolistic competition, the demand becomes more elastic because there is more competition, and maybe more substitutes for the items. The demand curve becomes flatter as a result.
The demand curve for such a firm in monopolistic competition generally flatter than just the quantity demanded for the entire market since it is difficult for customers to switch to an item from a different marketplace compared to the customers of another company.
During monopolistic competition, a firm's demand curve generally downward sloping, as opposed to perfect competition, in which the firm's quantity demanded is fully elastic. This was because businesses have the ability to increase prices without alienating their whole customer base.
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factorise the following3x^2-18 +24
Answers
Answer:
it's 3(x^2-2) bcoz -18-24= -6 and 3 is divisible into 6 twice
Suppose a social scientist wants to estimate the age earning profile of immigrants. Should they use cross-sectional data or panel data? Please provide a well reasoned explanation that supports your assertion.
Answers
To estimate the age-earning profile of immigrants, a social scientist should use panel data rather than cross-sectional data.
Cross-sectional data is collected at a specific point in time, whereas panel data is collected over a period of time, allowing for the analysis of changes over time. Panel data is therefore better suited for analyzing changes in earnings over the course of an immigrant's career.
Immigrants often face unique challenges in their careers, including discrimination, language barriers, and limited access to resources. These challenges can affect their earnings trajectory over time, making it important to analyze earnings changes over time.
Additionally, panel data allows for the control of individual-level variables that can affect earnings, such as education level and work experience. By controlling for these variables, a more accurate estimation of the age-earning profile of immigrants can be obtained.
In conclusion, the use of panel data is preferred over cross-sectional data when estimating the age-earning profile of immigrants, as it allows for the analysis of changes over time and the control of individual-level variables.
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In a perfectly competitive reource market the Marginal Revenue Product Curve i
A. HORIZONTAL (WRONG)
B. VERTICAL
C. DOWNWARD-SLOPING
D. UPWARD-SLOPING
Answers
In a perfectly competitive resource market the Marginal Revenue Product Curve i: C. DOWNWARD-SLOPING
Marginal methods are beneficial because they tell us the general average cost for a particular level of a few variables. Marginal refers to the focus on the cost or gain of the subsequent unit or person, for an instance, the cost to supply one extra widget or the income earned with the aid of including one greater worker. groups use marginal evaluation as a decision-making tool to assist them to maximize their ability earnings.
It refers to the incremental expenses of producing additional units of an awesome or carrier. it's far calculated with the aid of dividing the alternate within the expenses of manufacturing more goods by means of the change in the quantity produced. The formula is Marginal cost = (trade-in prices) / (exchange in amount).
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A characteristic of demand for a good, service, or resource other than its own market price is?
Answers
A characteristic of demand for a good, service, or resource other than its own market price is Nonprice Determinant of Demand
When the quantity supplied of a good service or resource equals the quantity demanded?The price in a market at which the quantity demanded and the quantity supplied of a good are equal to one another; this is also called the “market clearing price.”
What is equilibrium price also known as?
An equilibrium price, also known as a market-clearing price, is the consumer cost assigned to some product or service such that supply and demand are equal, or close to equal.
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natalie is married to chad, who abandoned her in early june of 2022. she has not seen or communicated with him since then. she maintains a household in which she and her two dependent children live. which of the following statements about natalie's filing status in 2022 is correct? a.natalie can file as a head of household. b.natalie can use the rates for single taxpayers. c.natalie can file as a surviving spouse. d.natalie can file a joint return with chad.
Answers
Since then, she has not spoken to or seen him. She keeps up a home where she and her two dependent kids reside.
Nataliya and Chad's after marriage:Chad, Natalie's husband, left her in early June 2019 and left their shared house. Chad and Natalie were married. Since then, she has not spoken to or seen him. She keeps up a home where she and her two dependent kids reside. Which of the ensuing claims regarding Natalie's filing status in 2019 is true? Natalie is permitted to use the rates for single taxpayers. Ob Natalie and Chad are able to submit a combined tax return. d. Natalie is eligible to file as the surviving spouse. Natalie is eligible to file as the head of household. Oe.
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