Why do companies usually have more controls for cash than for other assets?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (12 reviews)
Companies need more controls over cash than other as...View the full answer
Answered By
Muhammad Umair
I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.
3.50+
1+ Reviews
10+ Question Solved
Related Book For
Accounting concepts and applications
ISBN: 978-0538745482
11th Edition
Authors: Albrecht Stice, Stice Swain
Question Posted:
Students also viewed these Accounting questions
-
Why do public utility companies usually have capital structures that are different from those of retail firms?
-
Why do companies often use prices other than market prices for interdivisional transfers?
-
Companies usually depreciate assets like buildings even though those assets may be increasing in value. Why?
-
The Eldorado Corporation's controller prepares adjusting entries only at the end of the fiscal year. The following adjusting entries were prepared on December 31, 2011: Additional information: 1. The...
-
How's a Ch.7 bankruptcy compare to a Ch.13 bankruptcy? There are many advantages to using credit, in general; however, there are also several disadvantages. Regarding advantages, credit allows for...
-
Unlike monkeys, todays humans have feet that are not suited for grasping objects. Therefore, a thousand years from now, probably humans will still have feet that are not suited for grasping objects....
-
Why is it important to have an adaptable workforce in a global economy?
-
An aluminum plate 4 mm thick is mounted in a horizontal position and its bottom surface is well insulated. A special, thin coating is applied to the top surface such that it absorbs 80% of any...
-
Constants The aurora is caused when electrons and protons, moving in the earth's magnetic field of 5.0 x 105T, collide with molecules of the atmosphere and cause them to glow. Part B What is the...
-
Show that Gaussian elimination can be performed on A without row interchanges if and only if all leading principal sub matrices of A are nonsingular. [Hint: Partition each matrix in the equation A...
-
Why is it important to have separate sales returns and allowances and sales discounts accounts? Wouldnt it be much easier to directly reduce the sales revenue account for these adjustments?
-
What are three generally practiced controls for cash, and what is the purpose of each control?
-
Evaluate the following statements: 1. Record-at-a-time DML means that the query gets recorded from the user at the time the user inputs the query and then gets processed. 2. Record-at-a-time DML...
-
EQC purchased the following assets on January 1 , Year 1 : Purchased equipment for $ 8 4 , 0 0 0 . This equipment is expected to be in service for 5 years, and the residual value is $ 2 4 , 0 0 0 ....
-
What mechanisms are in place to ensure compliance with anti-money laundering (AML) and counter-terrorism financing (CTF) regulations, safeguarding the integrity of the global financial system and...
-
How does our institution prioritize integrity and transparency in financial transactions, and how do these values align with our clients' expectations for accountability and trustworthiness ?
-
Stakeholders are people vested in the project's success, like sponsors, management, clients, and investors. By meeting the needs and expectations of everyone in the stakeholder group, and staying...
-
x For what values of x can we replace cos x by 1-2 with an error of magnitude no greater than 5x103? Round to three decimal places.
-
Which of the following is not a required category of information included in the statistical section of a CAFR? a. Financial trends information. b. Revenue capacity information. c. Debt capacity...
-
How many years will it take a $700 balance to grow into $900 in an account earning 5%?
-
A three-phase, four-wire, ABC system, with V BC = 294.20 V, has Y-connected impedances Obtain the currents I A , I B , I C , and I N . Z = 12.0/45 Zg = 10.0/30 Zc=8.0/0
-
Define income. Distinguish income from cash flow. Discuss.
-
Distinguish between net income, comprehensive income, and continuing income. Cite examples of items that create differences between these three income measures.
-
How does accounting define an extraordinary item? Cite three examples of such an item. What are the analysis implications of such an item?
-
In what ways does HR assist managers in handling employee performance issues or conflicts within their teams? What role does HR play in helping managers navigate challenges related to allegations and...
-
Define the following sets (30 points) (a) X = {(x, y) = R: y = f(x) = 3x + 3y 42} =1 (b) Y={(x, y) = R: y = f(x) = 2x + 2y 42} (c) Z = XUY (d) Prove whether or not each set defined above is convex?
-
Why is A/B testing so useful for marketing, and digital marketing in particular? Give at least two examples of A/B testing for marketing purposes. Give a null and alternative hypothesis for one of...
Study smarter with the SolutionInn App