The checks and electronic fund transfers are the best methods of payment for not incidental expenses because it ensures better internal control over cash disbursement.
Further Explanation:
Internal control: It is a process of establishing control over organization activities. Business deals with different kinds of activities. The management of the company should control and manage the activities to ensure the effective performance of every activity. The control over these activities is known as an internal control. The internal controls over cash disbursement are:
• Segregation of Duties
• Authorization and Processing of Disbursements
• Managing Restricted Funds
• Check Signing
• Internal Accounting Controls Checklist
Incidental expenses refer to small expenditures that are associated with the business. Since the expenses are of small amount related to the these can be paid by cash. If expenses are of large amount and are not incidental, it is better to pay them with electronic fund transfer or check to have better authenticity of the transaction. It states better control over cash activities.
Therefore, the checks and electronic fund transfers are the best methods of payment for not incidental expenses as they ensure better internal control.
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Answer details:
Grade: High School
Subject: Auditing
Chapter: Internal control
Keywords: Checks and electronic fund transfers, best methods of payment, not incidental expenses, internal control, cash disbursement.
Checks and electronic fund transfers are best for non-incidental expenses due to their ease of use, security, and their ability to serve as proof of payment. They provide easy access to funds and eliminate the risk of loss or theft associated with cash transactions. Additionally, they are convenient for larger amounts or recurring transactions.
Explanation:Payments through checks and/or electronic fund transfers (EFTs) are considered best for non-incidental expenses due to their ease of use and enhanced security. For one, both methods facilitate transactions by giving you easy access to your money.
Checks can be written for any amount
and serve as proof of payment. On the other hand,
EFTs
allow you to transfer funds from your bank account directly to the receiver's account, which is especially useful for larger amounts or recurring transactions. It also eliminates the risk of loss or theft associated with cash transactions. Furthermore, in the case of checks, many banks offer checking accounts that will pay an interest rate similar to a savings account.
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Choose the _______ container for the best random-access performance in a container that can grow.
Monica graduated from high school this year and has a steady job. She feels ready to move into her own space and has $1,200 in savings. Does she have enough for a down payment to rent this apartment?
Security Deposit $500
Application Fee $10
First Month's Rent $550
Parking (optional garage) $30
Electricity included in the rent
Telephone approximately $36 per month; $40 to connect
Water $26 per month; a deposit of $50
Yes, Monica has enough money in savings to pay the downpayment of $500. She can take the $500 out of her savings account. She will need to keep making money each month to afford her bills though. Monica can not survive the first month on just the savings account funds she currently has.
What are some recreational activities that can be done in the ocean?
Senators may use the _______ to delay or even prevent the passage of a bill, however, they may vote to stop it with a _______ vote.
The answer in the first space provided is that they can use the majority floor leader in which they debate on the bill that will contribute of having to delay or pass the bill. In the second space provided is the filibuster. This is a vote that the senators used to prevent of voting the bill.
What is the purpose of the fibers in grease? A. It's the actual lubricating element in the grease. B. It prevents the lubricant from evaporating. C. It traps the lubricant and holds it in suspension. D. It thins the grease.
Answer:
Option D:The purpose of fibers in grease is to thin the grease
Explanation:
The fibers especially synthetic types are malleable. This feature makes them suitable for grease that tends to thin or align their surface material in a desired form.
In most grease pomade, fibers are added to align with your hair in order to provide malleability effect. This effect makes the hair thread out thinly in desired direction and maintain suspension of the hair's strands and form.
After the application of fibrous grease(say Japanese fiber grease pomade) for instance on the hair, the hair becomes malleable and you can easily see threads of thin hair straightening up as you comb.
Marion will receive a promotion and a raise if she completes a difficult assignment. this is an example of
The tools, skills, organization, and knowledge used to extract energy from nature are the
The tools, skills, organization, and knowledge used to extract energy from nature are part of the field of **energy extraction technology.
Together, these elements form the foundation for efficiently and sustainably harnessing energy from natural sources. These includes:
1. Tools: Machinery and equipment such as drills, pumps, turbines, and reactors.
2. Skills: Engineering, geology, and environmental science skills used to operate and maintain equipment and analyze energy resources.
3. Organization: Processes and systems for managing extraction operations, including safety protocols and logistical planning.
4. Knowledge: Understanding of natural resources, extraction techniques, and energy conversion processes.
Define optimal efficiency. how is optimal efficiency achieved in production?
Optimal efficiency in production involves producing goods at the lowest cost without waste. It is achieved through streamlined processes, advanced technology, trained employees, optimized supply chains, quality control, resource management, and continuous improvement.
Optimal efficiency in production refers to achieving the highest possible output with the lowest input of resources, thereby maximizing productivity and minimizing waste. It involves producing goods or services at the lowest cost and in the shortest time without compromising quality.
To achieve optimal efficiency in production, several strategies can be employed:
Streamlining Processes: Analyzing and redesigning workflows to eliminate unnecessary steps or bottlenecks can improve efficiency. This may involve adopting lean manufacturing principles or using process improvement methodologies like Six Sigma.Investing in Technology: Utilizing advanced machinery, automation, and digital tools can enhance productivity and reduce labor costs. Technology can also improve precision and consistency in production processes.Employee Training and Empowerment: Ensuring that employees are well-trained and empowered to make decisions can lead to better problem-solving and smoother operations. Engaged and motivated workers tend to be more productive.Supply Chain Optimization: Managing the supply chain efficiently, including sourcing materials, inventory management, and logistics, can reduce lead times and costs. Collaboration with suppliers and implementing just-in-time (JIT) inventory practices can be beneficial.Quality Control: Implementing robust quality control measures helps reduce defects and rework, thereby saving time and resources. High-quality products also result in fewer returns and customer complaints.Energy and Resource Management: Implementing sustainable practices can reduce energy consumption and waste generation, leading to cost savings and improved environmental stewardship.Continuous Improvement: Establishing a culture of continuous improvement encourages ongoing evaluation and refinement of processes. This can be facilitated through regular performance monitoring, feedback loops, and encouraging innovation.By systematically addressing these factors and continuously refining operations, businesses can move closer to achieving optimal efficiency in production, resulting in competitive advantages such as lower costs, faster delivery times, and higher customer satisfaction.
Which would you expect to be the biggest amount on your pay stub?
A.) take Home Pay
B.) Net Income
C.) Gross Income
D.) Required Deductions
Answer:
Gross Income is the answer!
Explanation:
Answer: C
Explanation: Apex
On september 1, knack company signed a $50,000, 90-day, 5% note payable with central savings bank. what is the journal entry that should be recorded by knack upon maturity of the note? (use 360 days a year.)
In identifying market segments, thermos combines geography, demographics, and lifestyle measures. this mixture of segmentation schemes is called ________.
Final answer:
Thermos uses psychographic segmentation to identify market segments, incorporating geography, demographics, and lifestyle measures to create a detailed consumer profile.
Explanation:
When a company like Thermos combines geography, demographics, and lifestyle measures to identify different market segments, this approach is known as psychographic segmentation. This strategy involves analyzing consumers based on their activities, interests, and opinions, alongside their demographic characteristics like age and gender, and geographic factors such as region or climate. By integrating these three methods, businesses gain a comprehensive understanding of their target market, which enables them to tailor their marketing efforts more effectively.
Suppose you're pitching in a softball game and facing a good hitter. you remember that you struck her out with a fastball the last time she was up. you also remember that your coach told you to always try to be unpredictable, so you decide to throw a curve ball this time. in making this decision, you are primarily using your ________.
When troy smith started the first top hat restaurant by himself, he was considered a ___________; when charlie pappy joined him later, the business became a _____________?
Which type of brand message is exemplified by negative posts on a company's facebook page?
The answer is unplanned brand messages. Unplanned brand messages is exemplified by negatives posts on a company’s Facebook Page, because Word-of-mouth brand messages starting from one consumer to another can create a big impact on the dispersion of optimistic or undesirable outlooks toward your product brand.
A company's page's negative messages usually communicate a kind of brand message called Customer Feedback. This are customers feedback regarding the company's goods, services, or reputation in general.
Customer FeedbackBuilding trust with the audience and showcasing a dedication to customer satisfaction can be achieved by prompt and positive reactions to unfavorable criticism.
It's a chance for the business to respond to complaints, demonstrate understanding, and possibly even make a bad experience better. Correctly handling client feedback is a crucial part of managing brand reputation.
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Choosing a differentiated targeting strategy has many benefits, but a potential downside is that __________.
The primary downside of a differentiated targeting strategy can be customer confusion due to conflicting regional messages, increased costs from lack of economies of scale, and amplified risk due to global market unpredictability.
Choosing a differentiated targeting strategy has certain drawbacks, despite its advantages such as the ability to adapt products and marketing to fit local needs. One significant downside is that it can create confusion among consumers, especially as customers increasingly adopt a global perspective. Conflicting messages across different regions due to the customization of product attributes or marketing campaigns can dilute a brand's message, leading to a weakened global brand image and reduced customer loyalty.Additionally, a differentiated targeting strategy can lead to higher costs due to the need for tailored products and marketing strategies for each targeted segment. This can place a significant burden on a company's resources and potentially limit its ability to achieve economies of scale.Finally, the risk of market unpredictability can also be amplified with a differentiated approach. If global market preferences shift or economic conditions change, specialized products may no longer meet consumer demand, creating a precarious situation for the company.
Identify the type of service that is not considered to be a preventive medical service.
Which of the following is prepared first? A. Balance sheet B. Income statement C. Statement of owner’s equity D. Trial balance
Answer:
B. Income statement
Explanation:
Step 1: From the Income Statement, the Net Income is used for the Statement of Retained Earnings.
Step 2: From the Statement of Retained Earnings, the retained earnings is used for the Balance Sheet.
Step 3: From the Balance Sheet the Cash from Assets is used for the Cash Balance in Statement of Cash Flows
Therefore, Income statement is prepared first.
Lisa is a tax accountant. she needs to enter many numbers. to enter these numbers, she should use the _____. numbers across the top row of the keyboard numeric keypad on the right side of the keyboard mouse modem
The answer in the space provided, the answer is the numeric keypad on the right side of the keyboard as this is what Lisa needs to use for she may be able to input as much as many numbers possible as this is one of her roles as an accountant.
Lisa is a tax accountant. she needs to enter many numbers. to enter these numbers, she should use the numeric keypad on the right side of the keyboard.
When entering many numbers at a time, using the keyboard that is just for numbers on the right side of the full keyboard is a much quicker way to complete the task. When you are able to use one hand to type them all without accidently hitting a letter key, you can be more efficient and accurate.
As the project progresses from initiation through planning and executing, and additional detail is gathered, the range of values for the project cost estimate will:
A consequence of either a price ceiling or a price floor is
A landlord will usually check your credit report before renting an apartment to you.
True
False
Which curves would be affected by the government imposing a $50,000 license on all liquor stores?
Personal finance experts recommend saving what percentage of your income?
If the supply of loanable funds decreases and the demand for loanable funds increases at the same time, interest rates will:
If the supply of loanable funds decreases and the demand for it increases at the same time, interest rates will increase. Interest rate is inversely proportional to the supply of money. Smaller money supplies raise market interest rates. A larger money supply lowers market interest rates.
Compare the advantages and disadvantages of large and small nature reserves.
The advantage of small and large reserves is that it only requires small labor and it can also serve a city and a town. The only disadvantage of the small and large reserves is that it is quite expensive despite of its usefulness.
Large nature reserves support more species and habitats but are more challenging to establish and protect due to political and economic factors. Small nature reserves are more manageable but need to be carefully connected to maximise their effectiveness. Both need careful planning and sustainable human behaviour for success.
Explanation:Large and small nature reserves both have their advantages and disadvantages in terms of biodiversity protection. Large nature reserves are advantageous because they support a greater variety of species, maintain more core area of optimal habitat, and are more visible and accessible for species. However, they often face challenges related to political and economic pressures which make it difficult to set aside large enough areas, and enforcement of protections can be an issue especially in countries with limited resources.
On the other hand, small nature reserves are often easier to establish due to less land requirement and they may be more manageable. But they do not offer as much core habitat and may not support as many species as large reserves. To make them more effective, smaller reserves should be connected through wildlife corridors, allowing species and their genes to move between the reserves, making the smaller preserves behave more like a large one.
In conclusion, careful planning and design based on the principles of island biogeography are necessary to maximize the conservation potential of both large and small nature reserves. Also, the role of non-profit organizations and the necessity for a shift in human behavior towards sustainability are emphasised as critical factors for the success of these conservation efforts.
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The basket of goods in the consumer price index consists of about _________ products; that is, several hundred specific products in over __________ broad-item categories.
The basket of goods in the consumer price index consists of about 80,000" products; that is, several hundred specific products in over 200 broad-item categories.
What is consumer price index?The Consumer Price Index (CPI) is a gauge of how prices for a market basket of consumer goods and services have changed on average over time for urban consumers.
The tool used to gauge inflation is the consumer price index (CPI). It is used to calculate the typical difference in pricing of household goods between two specified periods. It is an overall assessment of product pricing trends while maintaining quality.
The Office for National Statistics is responsible for publishing the CPI. It calculates the average monthly change in prices for the majority of UK households' purchases of goods and services. The government bases its inflation objective and state-level inflation increases on the CPI.
Thus, 80,000 and 200
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Francine is interested in starting a new financial services company where she will manage the investments of others. she wants to generate her own funding as well as lead the business once it gets started. francine will assume all risks and rewards of the new enterprise. francine would be considered an entrepreneur because she is:
Brian has just finished college. He wants to set up a small business to make and sell fireworks. He registers his company and acquires a license from the government. He finds that most of his competitors are selling fireworks at an extremely low price. He would like to make more money, so he decides to innovate and develop better fireworks. He sells his fireworks at a higher price, and they are a huge hit with the customers. After a few years, he earns enough profit to set up a bigger fireworks factory that complies with the government’s health and safety regulations. He even starts exporting fireworks overseas. Which type of economy does this scenario describe?
mixed economy
command economy
communist economy
traditional economy
market economy
On friday, you drove 145 miles to stay at your grandmother's house. on sunday, you returned home and calculated that the round trip travel time was 5 hours. what was your average speed?
The average speed is calculated by dividing the total distance traveled by the total time spent for the travel. It is given in this item that the distance covered in the one-way trip is 145 miles. Multiplying this by 2 will give us the total distance covered equal to 290 miles. To calculate for the average speed, we divide this by 5 hours.
This is as shown below,
Average speed = (290 miles/5 hours) = 58 miles per hour
ANSWER: 58 mph
Most poor people in the united states are unemployed. false true