The critical elements of internal control systems for cash disbursements include each of the following except: Multiple Choice The same person that prepares the check should also record it in the proper journal. All of these answer choices are critical elements of internal control systems for cash disbursements. All disbursements, other than very small disbursements, should be made by check. Only authorized personnel should sign checks. All expenditures should be authorized before a check is prepared.

Answers

Answer 1

Answer:

The critical elements of internal control systems for cash disbursements include each of the following except:

The same person that prepares the check should also record it in the proper journal.

All of these answer choices are critical elements of internal control systems for cash disbursements.

Explanation:

When the person, who signs the check, records it in the journal, there is a violation of the control principle of segregation of duties, which is a principal element of internal control systems.  Therefore, all the answer choices are not critical elements of the internal control systems for cash disbursement.


Related Questions

Jamal bought a particular brand of golf balls because he knows the same
company makes great shoes. This is an example of a company having
A. competitive advantage
B. good corporate governance
c. successful corporate branding
D. a long-term vision

Answers

Answer:

c. successful corporate branding.

Explanation:

A pre-service strategy refers to the process of planning and analyzing activities that enable a business entity to identify and determine its end users or consumers and the uniquely defined services that will be offered to these customers as they enter into the system.

Hence, marketing is central to developing pre-service strategies.

Marketing can be defined as the process of developing promotional techniques and sales strategies by a firm, so as to enhance the availability of goods and services to meet the needs of the end users or consumers through advertising and market research.

The pre-service strategies includes identifying the following target market, design, branding, market research.

In this scenario, Jamal bought a particular brand of golf balls because he knows the same company makes great shoes. Thus, this is an example of a company having successful corporate branding.

Corporate branding can be defined as an act which typically involves using a company's brand name in all of the advertisement process.

Why did President Trump feel that more aggressive trade policies with China were necessary?

Answers

Answer:

President Donald Trump is leading one of the most radical changes in America’s stance toward China in decades.Where past presidents engaged Beijing in good faith on issues like improving its human rights record or its conduct in cyberspace, Trump has preferred to treat the country as a strategic competitor that requires a more aggressive response by the United States.

The US has a lot to be angry about. Among other indiscretions, Beijing has stolen US technological and personnel secrets for its own advantage, antagonized US allies in the South China Sea, killed or imprisoned more than a dozen American informants, and taken millions of US jobs over the past 15 years.

But instead of working to fix at least some elements of strained US-China relations while putting up with the bulk of China’s misbehavior, Trump has chosen to completely reshape the relationship and go after Beijing on all of it.

“This administration is not really focused on just a couple of things,” says Bonnie Glaser, a China expert at the Center for Strategic and International Studies think tank in Washington, “it’s really focused on everything.”

Explanation:

Hope it helps

Why do lower labor costs in other countries lead to job loss in the United
States?
A. Foreign governments can charge higher tariffs and make more
revenues.
B. Foreign producers are able to insource and make higher profits.
C. Workers migrate in search of better-paying jobs.
D. It enables foreign producers to undersell domestic producers.

Answers

Answer:

Foreign producers are able to insource and make higher profits.

Explanation:

yes its so because the foreign producers cause people to work for them instead so u need to buy products made in your own country.

Answer:

C. workers migrate in search of better paying jobs

Explanation:

lets say in japan they started paying people 10 fold more than before, and in the us they payed 2x less then before, then people would migrate to japan for better jobs. Source: trust me bro

What are the four main reasons some skills are in higher demand than others

Answers

Answer: 1) Because of their demand 2) Wealth can be easily gotten through them 3) Improved solution 4) Tendencies that they would be needed for a long time

Explanation:

Some jobs are of a higher demand than others, the following explains why it is so

1) Demand; the world is changing and there is demand for certain fields today than before, new trends are replacing the existing ones, this now places a higher need for some skills than others.

2) Wealth easily generated; based on the demand for this new set of skills and job, there would be a high buying and selling within this region thereby creating wealth for those involved easily than existing skills

3) Improved solution; these high demand jobs have created better ways to solve problems than the existing method, this makes them have value than other methods applied before

4) Duration; there are tendencies that they would be sustainable for a long period of time, this makes them highly demanded

Credit card companies charge
on any purchases you have not paid off that month.

Answers

as far as I know yes
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Yess they do I have a credit card the only thing u need to do is to not leave your account on negative and keep putting money in it because if it’s under 10$ and you don’t put more you will be charged 35 the next day so when you put money back they will take your money, let me be honest debit cards eats your money it’s better to get credit

Jacob was assigned recently to a large team working on a major software release that was taking longer than expected. Jacob and the other latecomers into the project spent a month partnered with a senior programmer who went over the project in detail with them and got them up to speed. Unfortunately, this training put the project even farther behind schedule. After a few months of working on the project with many other programmers, Jacob's work output becomes noticeably lower than it was before when he was working independently. Jacob's reduced work output is most likely due to

Answers

Answer:

A) social loafing.

Explanation:

social loafing is the event of a person exerting lower effort to accomplish the goal at the time when they work in a group rather working alone. It would be the important reasons for less productivity as compared with the combined performance that works as an individuals

So according to the given situation, Jacob reduce work output due to social loafing

Social loafing is the psychological phenomenon in which team members do less work in a group context.

How do you handle social loafing?

One of the most effective ways to decrease the possibility of social loafing is to form smaller groups or teams. Make it easy to see and support team members' work.

Smaller groups also allow people to create relationships and form a coherent entity, all of which motivate people to contribute.

Thus Option A is the reason for Jacob’s reduced work output.

For more information about social loafing refer to the link:

https://brainly.com/question/25493656?

In Lurnee, it takes 10 resources to produce 1 ton of cocoa and 13.5 resources to produce 1 ton of rice. In South Tyberg, it takes 40 resources to produce 1 ton of cocoa and 20 resources to produce 1 ton of rice. Lurnee has a comparative advantage over South Tyberg in cocoa. This follows the theory of comparative advantage, and we can say that engaging in free trade benefits all countries that participate in it; however, this conclusion stems from which of these inaccurate assumptions?

Answers

Answer:

We have assumed constant returns to scale

Explanation:

From the principle of comparative advantage which states that a nation should produce the goods where she has a lower opportunity cost than other nations.

From the question, it is inaccurate to assume a constant return to scale i.e an increase in inputs such as labor and capital as a factor of production will to an exact amount of increase in output.

Which are affected by the factors of production? Choose three answers.

the demand of the item
the availability of the item
the cost of the item
the quality of the item
the popularity of the item

Answers

Answer:

A.)- the demand of the item

C.)- the cost of the item (some factors are more expensive and rare than other)

D.)- the quality of the item

Explanation:

Answer:

A. the demand of the item

C. the cost of the item

D. the quality of the item

Explanation:

Alisa is employed by Hallmark Cards, Inc., where her responsibilities include maintaining displays of greeting cards in drugstores and discount stores. Her daily activities include straightening the cards, pulling outdated or slow sellers, and installing new cards. Alisa is called a(n) specialty-line wholesaler. full-service stocker. in-store maintainer. assembler. rack jobber.

Answers

Answer: rack jobber.

Explanation:

A rack jobber is alsso called a rack merchandiser and it refers to a company or a trader that display products and also sells such products in a store.

Since the responsibilities of Alisa include displaying the greeting cards, straightening the cards, pulling outdated cards, and installing new cards, then we can infer that Alisa is a rack jobber.

Do you think I would be a successful you-tuber?

Answers

Answer:

yes !! im also into becoming one as well ! it takes a while but its worth it, keep your hopes up but make sure you have another option just incase it might not work out right.

Explanation: goodluck <3

Which of the following best describes a push strategy? Group of answer choices Manufacturer builds strong consumer demand for a product to force members to automatically promote the manufacturer’s product because it is in their obvious self-interest to do so. Manufacturer develops mutual effort and cooperation in the development and implementation of promotional strategies by working directly with members to develop strong and viable promotional support. Manufacturers use the push strategy to secure distributor cooperation by "pushing" their products through the channel. Manufacturers’ push strategies can be effective, however, they are limited in their ability to secure strong distributor support. Unlike the pull strategy, the push strategy requires indirect involvement from the distributor.

Answers

Answer: Manufacturer develops mutual effort and cooperation in the development and implementation of promotional strategies by working directly with members to develop strong and viable promotional support.

Explanation:

In a push strategy the manufacturer develops mutual effort and cooperation in the development and implementation of promotional strategies by working directly with members to develop strong and viable promotional support.

In a push strategy, the firm takes it's products to the consumer. The aim of this is for the product to gain much exposure than it already has and attract more sales. Other sales channels are bypassed in the scenario, leaving just the producer and the customer. Advertisment is one of the greatest promotional tool for push strategy.

Portia Grant is an employee who is paid monthly. For the month of January of the current year, she earned a total of $8,388. The FICA tax for social security is 6.2% of the first $128,400 earned each calendar year and the FICA tax rate for Medicare is 1.45% of all earnings. The FUTA tax rate of 0.6% and the SUTA tax rate of 5.4% are applied to the first $7,000 of an employee's pay. The amount of federal income tax withheld from her earnings was $1,391.77. What is the total amount of taxes withheld from the Portia's earnings

Answers

Answer: $‭2,033.46‬

Explanation:

Social security taxes = 8,388 * 6.2% = $‭520.06

Medicare taxes = 8,388 * 1.45% = $‭121.63

Federal income tax withheld = $1,391.77

FUTA and SUTA are to be paid by the employer not the employee.

The total amount of taxes withheld from Portia is therefore:

= 520.06 + 121.63 + 1,391.77

= $‭2,033.46‬

Susan is working the night shift and there aren't many people in the store. Her
coworker notices that the cash register has more money than accounted for.
She decides to take the extra money without reporting it. How should Susan
handle this situation ethically?
A. Pretend like she didn't see the money being taken
B. Inform the manager that money was taken from the cash register
C. Tell another coworker what happened and ask him not to tell
D. Ask the coworker to split the extra money with her

Answers

Answer: B. Inform the manager that money was taken from the cash register

Explanation:

Ethics simply has to do with knowing what's good and what's bad. Since Susan noticed that her co-worker took the extra money without reporting, the ethical thing to do is to report to the manager.

Pretending not to see what happened, splitting the money with her or telling another co-worker about it but telling the co-worker not to tell anyone are all wrong and not ideal. The co-worker who stole should be reported to the manager.

The impact of discrimination behaviour to an individual ​

Answers

Answer:

Discrimination affects people's opportunities, their well-being, and their sense of agency. Persistent exposure to discrimination can lead individuals to internalize the prejudice or stigma that is directed against them, manifesting in shame, low self-esteem, fear and stress, as well as poor health.

Explanation:

Which of these describes information that can appear in a consumer’s credit report?

A. The name of a company that gave the consumer a car loan two years ago

B. The amount of money that the consumer loaned to a family member

C. The amount of money the consumer will need to borrow in the next five years

D. The name of a store where the consumer pays cash for all purchases

Answers

Answer:

A. The name of a company that gave the consumer a car loan two years ago

Explanation:

A credit report is the statement that contains the information related to your credit activity & the present credit situation like history of loan payment, the status of your credit accounts. This would help lenders to use these reports whether they will give you loan and if they are agree than what rate of interest they would offer you

So according to the given situation, the option A is correct

Which of the following is SIQ most likely to
stand for?
A. Station Identification Questionnaire
B. Standard Item Questionnaire
C. Software Inventory Questionnaire
D. System Identification Questionnaire
E. Station Inventory Questionnaire

Answers

The answer: is E
Explain: hope this helps

Both a questionnaire and an inventory are examples of surveys. Simple to-answer questions are included in the questionnaire. These inquiries are made in an effort to obtain information, and they frequently concern particular topics.

Thus, Option E is correct.

What is the questionnaire data collection method?

A questionnaire's objective is to gather data from respondents regarding their attitudes, experiences, and opinions. Questionnaires are frequently utilized in social and health sciences and market research. In order to increase customer satisfaction and profitability, our inventory assessments evaluate strategies, inventory management systems, processes, and procedures for developing new goods and managing inventory.

A questionnaire's objective is to collect information from a target audience. It will contain closed-ended and open-ended questions or a mix of the two.

For more information about the questionnaire refer to the link:

https://brainly.com/question/27972710

#SPJ2

True or false: Employers pay the same amount of social security and Medicare taxes as the employee pays.
O True
O False

Answers

It's False
I hope I have helped you I don't know much about that

Use the drop-down menus to explain how to create a subreport. 1. Open the table in view. 2. On the Design tab, click Min Grouping & Totals. 3. Select "with a footer section" from a drop-down menu in a pane below. 4. Next, choose Subform/Subreport from the command group. 5. Place the cursor at an insertion point. Then, to create a space. 6. In the Subreport Wizard, choose what you want to include in the subreport from the main table. 7. Once you are satisfied, create a name for the subreport, and click Finish. DO NOT PUT ANY FILES JUST THE ANSWER.​

Answers

Answer:

design

group and sort

control

click and drag

Explanation:

gg

The Alston Inn is managed by Inns, Inc. The management contract requires 6 percent of total revenue to be transferred to the replacement reserves to cover future renovations and equipment replacements. Alston Inn's debt service payment is $10,000 per month. The lodging property has 200 guestbooks, an ADR of $100, and a paid occupancy of 70 percent. Its room revenue is 70 percent of its total revenue and its net operating income is 15 percent of its total revenue. 1.) Determine the Inn's annual total revenue. 2.) Determine the Inn's annual net operating income. 3.) Determine the Inn's debt service coverage ratio for the year.

Answers

Answer:

1.) Inn's annual total revenue = $7,300,000

2.) Inn's annual net operating income = $1,095,000

3.) Inn's debt service coverage ratio for the year = 9.13

Explanation:

The room revenue is first calculated as follows:

Room revenue = Number of guestrooms * ADR * Percentage of occupancy * 365 days = 200 * $100 * 70% * 365 = $5,110,000

We can now proceed as follows:

1.) Determine the Inn's annual total revenue.

Annual total revenue = Room revenue / Paid occupancy percentage = $5,110,000 / 70% = $7,300,000

2.) Determine the Inn's annual net operating income

Annual net operating income = Total revenue * 15% = $7,300,000 * 15% = $1,095,000

3.) Determine the Inn's debt service coverage ratio for the year.

Debt service coverage ratio = Net operating income / Annual debt service = $1,095,000 / ($10,000 * 12) = 9.13

The cash price for a stereo system is $900. You choose to buy it on credit and give a $100 down payment, and the balance due is 24 equal payments of $42. Installment Total= $Total of Payments + Down Payment What is the total installment price?

Answers

Answer:

$ 1108 is the total installment price

Explanation:

Cash price for a stereo system = $900

Down payment made to buy stereo on credit = $ 100

Remaining amount after paying down payment = $900 - $100 = $ 800

Installment Total= $Total of Payments + Down Payment

Installment Total= $ 100 + 24 * $42 =$ 1108

Explain why a positive attitude, high -esteem, and enthusiasm contribute to career success

Answers

Answer:

A positive attitude, high-esteem, and enthusiasm contribute to career success because they make the worker approach their activities, projects and ideas with a positive mindset, trusting in their abilities and anticipating a positive result, facing and overcoming their fears and always looking to the good side of things.

On the other hand, if the person were pessimistic or had a bad attitude, they would face their projects with doubts and fears, putting them aside in the face of the first adversities.

2. Which of the following is an example of an operative employee? A. Regional manager B. Head coach C. Chairman of the board D. Assembly line worker C​

Answers

D. Assembly line worker

An example of an operative employee is an assembly line worker.

The following information should be relevant:

Operating employees are those employees who generate the products & services directly for an organization.Also, it does not supervise the work of others. So, the option a, b, and c are incorrect.

Therefore we can conclude that an example of an operative employee is an assembly line worker.

Learn more about the employee here: brainly.com/question/21458711

what is integrity
A.the attitude that you are better than others
B.The belief in your own ability to do well
C.The ability to come up with new plans or ideas
D.The practice of using ethical behavior

Answers

Answer:

[tex]\color{Blue}\huge\boxed{Question} [/tex]

What is integrity

[tex]\color{Blue}\huge\boxed{Answer} [/tex]

C.The ability to come up with new plans or ideas

Scenario: Money Creation The reserve requirement is 20%. Leroy receives $1,000 as a graduation present and deposits the money in his checking account. The bank does NOT want to hold excess reserves. Reference: Ref 14-5 (Scenario: Money Creation) Look at the scenario Money Creation. Immediately after the deposit, reserves _____ and demand deposits _____ by $1,000. Group of answer choices increase by $1,000; increase decrease by $200; increase decrease by $1,000; decrease increase by $1,000; decrease

Answers

Your answer to this question is increased by $1000

Under the allowance method of accounting for uncollectible accounts, Group of answer choices the cash realizable value of accounts receivable is greater before an account is written off than after it is written off. Bad Debt Expense is debited when a specific account is written off as uncollectible. is debited when a specific account is written off as uncollectible. the cash realizable value of accounts receivable in the balance sheet is the same before and after an account is written off. Allowance for Doubtful Accounts is closed each year to Income Summary.

Answers

Answer:

how are the answer choices seperated

Sally owns a $1,000-par zero-coupon bond that has six years of remaining a. What is the expected price of the bond at the time of sale?

Answers

Answer:

$647.96

Explanation:

Sue the following formula to calculate the price of the bond at the time of sale

Price of Bond = Face value of the bond / ( 1 + Market interest rate )^numbers of years

Where

Face value of bond = $1,000

Market interest rate = 7.5%

Numbers of years = 6 years

placing values in the formula

Price of Bond = $1,000 / ( 1 + 7.5% )^6

Price of Bond = $647.96

The accumulated benefit obligation measures Group of answer choices the level cost that will be sufficient, together with interest to provide the total benefits at retirement. the pension obligation on the basis of the plan formula applied to years of service to date and based on existing salary levels. the pension obligation on the basis of the plan formula applied to years of service to date and based on future salary levels. the shortest possible period for funding to maximize the tax deduction.

Answers

Answer:

the pension obligation on the basis of the plan formula applied to years of service to date and based on existing salary levels

Explanation:

Accumulated benefit obligation (ABO) is the nearest amount that represent the liability pension plan of the company for the time period. It is predicted and depend upon the assumption that the pension plan would be ended on instant basis also it would not considered any increment in the future salary

So according to the options given, it would determined the pension obligation that based upon the plan formula and the same would be applied to service years also it would be depend upon the existing level of salary

2 x (3a-b) - 3y(b-3a)​

Answers

Answer:

6ax+9ay−2bx−3by

Explanation:

2x(3a−b)−3y(b−3a)

Distribute:

=(2x)(3a)+(2x)(−b)+9ay+−3by

=6ax+−2bx+9ay+−3by

Ben and Miranda recently sold some land they owned for $150,000. They received the land and a check equal to the amount of the then-current annual exclusion five years ago as a wedding gift from Ben's Aunt Addison. They also received a check equal to the annual exclusion on their wedding date. Aunt Addison purchased the land many years ago when the property was worth $20,000. At the date of the gift, the property was worth $100,000 and Aunt Addison paid $47,000 in gift tax. What is the long term capital gain on the sale of the property? Group of answer choices
a. $130,000.
b. $50,000.
c. $42,400.
d. $92,400.

Answers

D is the correct answer

You have learned about a noncash expense in a previous lesson, what was it? HINT: it relates to the company's use of its equipment

Answers

Answer:

Non cash expenses are the charges incurred by a company that educes the earnings and not the cash flows of a company.

Explanation:

A non-cash charge is defined as the accounting expenses or the write down expenses which does not involve a cash payment. The depletion, depreciation, stock-based compensation, amortization and the asset impairments are the common non cash charges which reduces the earnings but not the cash flows.

Non-cash expenses relates to he use of a company's equipment and tools which is used to run the company and which encounters depreciation and a degradation in its value or cost. Thus they are considered as the non cash expenses of a company.

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