Briefly comment on the following statement. The issue of business credit cards to staff should be strictly
Question:
Briefly comment on the following statement.
‘The issue of business credit cards to staff should be strictly controlled and subject to the organisation’s accounts payable policies and procedures.’
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
The statement emphasizes the importance of implementing strict controls and adherence to organizational accounts payable policies and procedures when ...View the full answer
Answered By
Carly Cimino
As a tutor, my focus is to help communicate and break down difficult concepts in a way that allows students greater accessibility and comprehension to their course material. I love helping others develop a sense of personal confidence and curiosity, and I'm looking forward to the chance to interact and work with you professionally and better your academic grades.
4.30+
12+ Reviews
21+ Question Solved
Related Book For
Accounting An Introduction To Principles And Practice
ISBN: 9780170403832
9th Edition
Authors: Edward A. Clarke, Michael Wilson
Question Posted:
Students also viewed these Business questions
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
On February 11, 2009, the SEC announced settlements with KBR, Inc., and Halliburton Company to resolve SEC charges that KBR subsidiary Kellogg Brown & Root LLC bribed Nigerian government officials...
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
Suppose that there is parity between the Australian dollar and the United States dollar. Let x be a positive number and assume that the United States dollar increases by 100x % in Australian dollars....
-
Suppose that the market price of risk of the short rate is 1 + 2 r (with both 1 and 2 negative). Show that, if the risk-neutral world process for the short rate is the one assumed by Vasicek, the...
-
How many watts does a flashlight that has 6.00 x 10 2 C pass through it in 0.500 h use if its voltage is 3.00 V?
-
Extend the analysis of the laminar-flow reactor for a power-law fluid. Perform some computations using the PDEPE solver, and show how the power-law index affects the conversion in the reactor.
-
How does the number of atoms in a 26.5-gram gold ring compare to the number in a silver ring of the same mass?
-
Question 3 [15 points] Consider the following drawing of a component that is to be manufactured: A 200 B 300 75 200 225 0252 All dimensions in miles C 350 050 2 440 475 125 R25 025 MC 150 50 AB X-Y...
-
Briefly explain the concept of reasonableness checks in relation to accounts receivable and accounts payable.
-
Briefly explain why it is important for a business to monitor its accounts payable.
-
Discuss the similarities and differences between RNA polymerase (described in this chapter) and DNA polymerase (described in Chapter 11).
-
1. Consider the function f(x)= Main Algebraic Solution: 7-x = +2. Algebraically determine the domain and all intercepts. x+6 Check Your Solution:
-
Solve the logarithmic equation. Show all algebraic work, including the check for extraneous solutions in the original equation. log,(x+4)+log,(x-4)= log79
-
Jam is considering a 5 year project with involves the following: Initial investment in equipment of $540,000. Inventory and other working capital requirements of $20,000 are projected. Projected...
-
6. A bank makes a loan for $1,000 to a firm at an interest rate of 8 percent. How much will the firm have to pay back if the loan was due or matured in one year? What if the firm paid back the loan...
-
Create common-size balance sheets, income statements, and statements of cash flows for General Motors (NYS:GM) for 2021 and 2022. Identify one company that competes with General Motors (NYS:GM),...
-
With Products, Is It Form or Function? The form versus function debate applies in many arenas, including marketing. Some marketers believe product performance is the be-all and end-all. Other...
-
"Standard-cost procedures are particularly applicable to process-costing situations." Do you agree? Why?
-
Listed below are selected financial data from the accounting records of Innovative Computers Pty Ltd for the year ended 30 June 2019. Required (a) Prepare an income statement for the year ended 30...
-
The three major inputs into the manufacturing process are direct materials, direct labour and factory overheads. If the costs of any of these are not controlled, they may inflate the cost of...
-
Innovative Computers Pty Ltd began manufacturing inexpensive computers for the student market on 1 July 2018. The variable costs of manufacturing each computer are as follows. During the year ended...
-
Jen and Barry's ice cream shop charges $1.65 for a cone. Variable expenses are $0.31 per cone, and fixed costs total $2,000 per month. A Valentine's Day promotion is being planned for the second week...
-
a. The future value of a $1,050 savings deposit after five years at an annual interest rate of 4 percent. (Round FV factor to 3 decimal places and final answer to 2 decimal places.) Future value b....
-
QuestromT Not complete Marked out of 2.00 ring question Homework - Week 6 - Module 23 Determining Unit Costs, Variance Analysis, and Interpretation Big Dog Company, a manufacturer of dog food,...
Study smarter with the SolutionInn App