Jim is an accountant who reimburses travel expenses for company employees who have used personal funds for travel. Tom, a company sales rep, has requested a reimbursement for a $200 dinner. However, Tom does not have proper documentation which means the expense cannot be reimbursed. Tom offers to split the reimbursement with Jim, if Jim will approve it without the documentation. Jim should

Answers

Answer 1

The inference shows that Jim should reject the reimbursement as confidentially report the incident.

What is an inference?

An inference simply means the conclusion that can be deduced based on the information given in a literary work.

In this case, the inference shows that Jim should reject the reimbursement as confidentially report the incident.

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Related Questions

Production cost information for the Molding department follows. Beginning work in process Direct materials $ 49,000 Conversion 54,850 $ 103,850 Costs added this period Direct materials $ 293,000 Conversion 605,150 $ 898,150 Calculate the equivalent units of production for direct materials.

Answers

Based on the beginning work in process and the costs added in the period, the Equivalent Units of Production for direct materials is $342,000.

What is the EUP for direct materials?

This can be found by the formula:

= Beginning WIP for raw materials + Costs added this period

Solving gives:

= 49,000 + 293,000

= $342,000

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A farmer bought a scratch ticket and found out later that he won $1,200,000. After 35% was deducted for income taxes he invested the rest; some at 3.5% and some at 5.75%. If the annual interest earned from his investments is $33,600, find the amount he invested at each rate.

Answers

The amount invested at 3.5% interest rate is $5,000.

The amount invested at 5.75% interest rate is $775,000.

What are the linear equations that represent the question?

Total amount invested = ( 1 -tax rate) x amount won

0.65 x 1,200,000 = $780,000

a + b = $780,000 equation 1

0.035a + 0.0575b = $33,600 equation 2

Where:

a = amount invested at  3.5% interest rate b = amount invested at  5.75% interest rate What are the amounts invested at  3.5% and 5.57% interest rate ?

Multiply equation 1 by 0.0575

0.0575a + 0.0575b = 44,850 equation 3

Subtract equation 2 from equation 3

11,250 = 2.25a

a = 11,250 / 2.25

a = $5000

In order to determine the value of b , subtract $5000 from 780,000.

780,000 - 5000 = $775,000

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Managers practice the art of getting things done using organizational resources such as: Multiple select question. information workers customers equipment

Answers

The managers get things done by using organizational resources such as: such as:

equipmentworkersinformation

What is an art of getting things done?

These involves the act of directing, organizing, coordination and guiding the organizational processes to achieve organizational goals.

Therefore, the Option A, B, D is correct.

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Higher cash flows earlier in a project's life are Blank______ valuable than higher cash flows later on.

Answers

When we get higher cashflows in a projects life at an earlier period, these are more valuable than later on.

Why are earlier cashflows more valuable?

When we receive higher cashflows earlier on in a project's life, the discounted values of these cashflows will be higher.

This is as opposed to receiving them later on where the discounted values will be lower on account of there being a longer period to discount over.

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Jane and Fran work together and make the same amount of money. Jane owns her house, on which she has a mortgage, while Fran rents. Neither is able to put away any savings after paying their bills and other monthly expenses. If they both have the same net worth (assets minus debts) now, make a similar housing payment, and neither is able to save money over the next five years, who is likely to have a higher net worth at that time

Answers

Based on the description that we have here the person that is more likely to have the higher net worth is Jane because part of the monthly mortgage payment she makes goes to pay off her loan, thereby increasing her equity.

What is a mortgage?

This is the term that has to do with a lender and a person. The mortgage gives the lender the right to take over your property if you do not pay back what you have borrowed.

Mortgages are what people use to buy homes. When they pay back, they do so with interest.

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The main reason most international transactions require full payment before the buyer receives the merchandise is:.

Answers

An underlying lack of trust. An excess of factor endowments is the main reason most international transactions require full payment before the buyer receives the merchandise.

What is the main reason of international full payments' requirement?

People act in various ways for various reasons. The basic reason that most overseas transactions demand full payment before the buyer receives the goods is that there is a fundamental lack of confidence.

When there is a lack of trust in commercial interactions, it opens the door to a lot of negative thoughts, actions, and feelings. Lack of trust has led to discouragement, depression, and the possibility of self-harm.

There are options missing in the question of which are given below-

a. strict government regulations.

b. an underlying lack of trust. an excess of factor endowments.

c. to trigger lower tariffs.

d. the inability to charge interest on the cost of goods.

Thus, option B is correct.

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Internal rate of return (IRR) must be compared to the Blank______ rate in order to determine the acceptability of a project.

Answers

The internal rate of return (IRR) must be compared to the required return rate in order to determine the acceptability of a project.

What is the meaning of the Internal Rate of return?

The internal rate of return (IRR) is a metric utilized in economic evaluation to estimate the profitability of ability investments.

IRR is a reduction price that makes the net present value (NPV) of all cash flows identical to 0 in a reduced cash flow evaluation. IRR calculations depend on the equal components as NPV does.

Thus, The internal rate of return (IRR) must be compared to the required return rate in order to determine the acceptability of a project.

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General Product Inc. distributed 150 million coupons in 2021. The coupons are redeemable for 40 cents each. General anticipates that 70% of the coupons will be redeemed. The coupons expire on December 31, 2022. There were 45 million coupons redeemed in 2021 and 31 million redeemed in 2022. General recognizes coupon expense in the period coupons are issued. What was General's coupon liability as of December 31, 2021

Answers

General Product Inc.'s coupon liability as of December 31, 2021, is $24 million.

What is coupon liability?

Coupon liability is a contingent liability arising from coupon redemption obligations.

As a potential future liability, only the amount that can be reasonably estimated should be recognized.

Data and Calculations:

Distributed coupons = 150 million

Coupon redemption cost per unit = 40 cents

Total potential liability from coupons = $60 million (150 million x $0.40)

Probability of occurrence = 70%

Estimated redeemable liability = $42 million ($60 million x 70%)

Redeemed coupons in 2021 = 45 million or $18 million (45 million x $0.40)

Recognized contingent liability for 2021 = $24 million ($42 - $18 million)

Thus, General Product Inc.'s coupon liability as of December 31, 2021, is $24 million.

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Check all of the following that are correct that can have a single owner ? MARK YOU THE BRAINLIEST!

Answers

The establishment/items that can ave a single owner includes:

Sole proprietorshipPrivate corporationNon-profit corporation

What is a single owner?

This refers to any form of establishment that can be owned and operated by a natural person.

Therefore, in the list, the Sole proprietorship, Private corporation and Non-profit corporation are establishment that can have a single owner.

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6. The effects of inflation Suppose Friendly Airlines is considering signing a long-term contract with the union representing its pilots. Friendly Airlines and the union both agree that real wages should increase by 3%. Inflation is expected to be 6%, so they agree on a 9% nominal wage increase. Now, suppose inflation turns out to be lower than expected, coming in at 5%. This would the union and Friendly Airlines because the real wage increase would now be .

Answers

If inflation is lower than expected, it would benefit the union and it would be a disadvantage to Friendly Airlines because the real wage increase would now be 4%.

What is inflation?

Inflation is when there is a general increase in the general price level of an economy. If inflation turns out to be lower than expected, the employers would be at a disadvantage while the employees would be at advantage because there would be an increase in their real wages.

Increase in real wage = real increase in wage + (expected inflation + actual inflation)

3% + (6% - 5%) = 4%

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What do hr teams today increasingly see themselves as?

Answers

In today's competitive and globalized business environment, HR teams are responsible for developing human capital in organizations.

What is the role of the Human Resources department?

It is a team responsible for managing the employees in an organization, such as recruiting, selecting and aligning potential candidates to positively contribute to the organization's goals.

Therefore, currently, human capital is the differential for the company to be well positioned in the market, and HR is responsible for managing the talents that will generate the necessary innovation for the business.

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Financial accountants:_________
a) provide information to external entities that allows them to evaluate business performance.
b) summarize the company's production activities in a way that allows managers to make decisions.
c) have a primary focus on providing managers within the organization with reports to make good business decisions.
d) work with government lobbyists to push for more favorable accounting regulations.

Answers

Financial accountantssummarize the company's production activities in a way that allows managers to make decisions.

What are financial accounts?

Financial accounts are the accounts that show the profit and loss, expenses and savings, assets and liability, debts and outstanding amount.

Financial accounts help the company to take the future decision that is based on the previous occurrence in the organization. Some of the financial accounts are cash flow statement profit and loss, balance sheet and others.

Thus, option B is correct.

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What health issue did Feiler face that led him to consider his family?

Answers

that would probably be his family i think

Two years ago, rhonda received a gift of 100 shares of common stock from her parents. the fair market value of the stock on the date of the gift was $80 per share. her parents had purchased the stock four years earlier at $60 per share. rhonda sold this stock for $102 per share last week. what was rhonda's per-share basis in the stock when it was sold

Answers

Rhonda's per-share basis in the stock when it was sold was $80 per share.

What is the tax basis of an asset?

Rhonda's per-share basis in the stock sold refers to her cost tax basis.   The tax basis of an asset is the amount of capital investment when computing for tax purposes.

The purchase or cost tax basis may be higher or less than the sale tax basis.

When the purchase tax basis is higher than the sale tax basis, it gives rise to a capital loss and vice versa.

Thus, Rhonda's per-share basis in the stock when it was sold was not $60 or $102 but $80 per share.

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E-commerce ________ is the ability of an organization to create a strong presence among consumers in many places, with minimal time constraints, to sell them products and services.

Answers

E-commerce ubiquity is the ability of an organization to create a strong presence among consumers.

What is E-commerce?

E-commerce can be regarded as the process involving crating a good presence so as to sell products to the consumer.

Therefore, it involves ability to sell in different locations.

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What is the depreciation tax shield if EBIT is $600, depreciation is $1,800, and the tax rate is 30 percent

Answers

The depreciation tax shield based on the EBIT, the tax rate and the depreciation is $540.

How do you find the depreciation tax shield?

This can be found as:

= Depreciation x Tax rate

Solving gives:

= 1,800 x 30%

= $540

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To cover anticipated cash shortages, management can ______. Multiple select question. hire more skilled employees to increase sales refinance to change the repayment plan of past borrowings purchase additional property, plant and equipment to increase assets plan financing activities to borrow money

Answers

To cover anticipated cash shortages, management can refinance to change the repayment plan of past borrowings. Option B. This is further explained below.

What is finance?

Generally, finance is simply defined as government or big business control over huge sums. of money.

In conclusion,  Management has the option of refinancing to adjust the repayment schedule of prior borrowings in order to address expected cash shortfalls.

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If an increase in the price of good e leads to a large decrease in the demand for good f, what is the relationship between the two goods?.

Answers

The relationship between the two goods is: The goods are complementary.

What are complementary goods?

Complementary goods can be defined as those goods which consumer buy together and as well  use together.

The goods are tend to be complementary based on the fact that the cross-price elasticity of demand of those goods are tend to be negative and large.

Therefore the relationship between the two goods is: The goods are complementary.

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Land and mineral resources, transportation and communication facilities, factories and farm buildings, equipment, and tools and machinery are all examples of: Multiple choice question. unlimited economic resources. economic growth. scarce economic resources. insatiable wants.

Answers

Resources such as land and mineral resources, as well as factories and equipment, are all considered scarce economic resources.

What are scarce economic resources?

These refer to most resources that are available to us for producing goods and services.

They are referred to as scarce because there aren't enough of them to engage in all the production needed. Examples range from land to equipment and tools.

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A mutual fund is quoted at $16.56 NAV and $18.00 POP. The sales charge is A) 8.50% B) 7.75% C) 7.50% D) 8%

Answers

Based on the Mutual fund's NAV and the POP, the sales charge can be found to be D. 8%.

How is a Mutual fund's sales charge calculated?

You can find the sales charge through the formula:

= (POP - NAV) / POP x 100%

Solving gives:

= (18 - 16.56) / 18 x 100%

= 1.44 / 18 x 100%

= 8%

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After a significant economic recession, prices and investing activity in the stock market began trending consistently upward six years ago. In the last three months, this trend has reversed and prices have fallen steadily. How are the past three months of the stock market classified

Answers

Primary bear market is the way the past three months of the stock market classified. As After a significant economic recession, prices and investing activity in the stock market began trending consistently upward six years ago.

What is primary bear market?

Primary bear market refers when the price in market starts decline, and it declines more than 20%, it is accomplished by the negative investors and Bear markets can be either cyclical or long-term in nature. It takes more than 8 months.

This question has options that are given below

a. Primary bear market

b. Secular bull market

c. Primary bull market

d. Secular bear market

Thus, option A is correct.

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Assume that there are two major telecommunications companies in a country. Firm A controls 45%, and Firm B controls 37% of the telecommunications market. Firm C controls the remaining portion of the total sales. For the market structure to be an oligopoly, what must be true

Answers

The telecommunication market structure is considered an oligopoly market when there are high barriers to entry into the market.

What is a market?

A market is a place where the goods and services are being acquired by consumers and sold by retailers.

The oligopolistic market is a type of market structure where the control has been exercised by only the fewer firms over the entire market and doesn't allow new firms to enter the market. They initiate the barriers in the form of patenting of products, licenses from the government, adoption of expensive technology, etc.

Therefore, the creation of the barriers to entry of the new firms will mark the given market structure to be oligopolistic.

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if your monthly fixed cost is 22,000$ and the unit price of a vase is 240$ and your cost per shirt is 40% of the unit price.how many vases do you have to produce to make profit?

Answers

You will have to produce : 18 vases to make a profit

Given data

Monthly fixed cost = $22000

unit price of vase = $240

cost per shirt = 40% * $240 = $96

Determine the number of vases to be produced

To make a profit ; revenue has to greater than cost

Total cost = 22,000

unit costs : vase = $240 , shirt = $96

Total number of shirts and vase bought = 22000 / ( 240 + 96 )

= 22000 / 336 ≈ 65

Therefore number of vase you need to buy will be 2.5 times lower than the shirts because of the unit cost

x ( number of vase ) = 65 / 3.6 ≈ 18 vases

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A company has common stock with a $10 par value and fair market value of $15. The company exchanges 1,000 share of this common stock for an acre of land. I. The land will be debited for $10,000. II. Common stock account will be credited for $10,000 and no additional paid-in capital will be recorded.

Answers

In the given situation above, the journal entry will be that the land will be debited for $15,000; and the common stock account will be credited with $10,000 and the additional paid up capital account will be credited for $5,000. So, the given options do not hold true.

What is a journal entry?

A chronological recording of financial or accounting transactions of an organization in the journal books of the corporation, as and when they occur, is known as a journal entry.

Hence, the given conditions regarding the journal entry do not hold true.

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True or false: Personal savings, venture capitalists, and government agencies such as the Small Business Administration (SBA) are possible sources of capital or information when starting a small business.

Answers

The possible sources of Small Business Administration which can provide assistance to small businesses are venture capitalists, personal savings, and government agencies.

What is meant by small business?

Small Business is a kind of business started with fewer working professionals and less income.

Small Business Administration is an authority that helped small businesses and entrepreneurs in establishing their businesses. They provide capital assistance through their sources like venture capitalist companies, government agencies, etc.

Therefore, the given statement is true as explained above.

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Economics: The supply of a good available in a market is likely to decrease when:
A. companies believe that the product's selling price will go up.
B. governments reduce regulations and taxes on a product.
O C. few workers have the skills needed to create the product.
D. technology used to make the product becomes widely available.
SUBMIT

Answers

Answer:

c. few workers have the skills needed to create the product

Explanation:

Given: Cost of goods manufactured of $410,000; beginning finished goods inventory of $110,000 and ending finished goods inventory of $125,000, calculate unadjusted cost of goods sold. Multiple choice question. $395,000 $535,000 $520,000 $425,000

Answers

The unadjusted cost of goods sold is $395,000

What is cost of goods sold?

Cost of Goods Sold (COGS) is what measure the direct cost incurred in the production of any goods or services.

The unadjusted cost of goods is computed as:

= Cost of goods manufactured - ( Ending finished goods -Beginning finished goods inventory )

= $410,000 - ( $125,000 - $110,000)

= $410,000 - $15,000

= $395,000

Hence, the unadjusted cost of goods sold is $395,000

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Scenario 10-1 The demand curve for gasoline slopes downward and the supply curve for gasoline slopes upward. The production of the 1,000th gallon of gasoline entails the following: a private cost of $3.10 a social cost of $3.55 a value to consumers of $3.70 Refer to Scenario 10-1. From the given information, it is apparent that

Answers

It is apparent that the production of gasoline involves a negative externality which means that the market will produce a larger quantity of gasoline than is socially desirable.

What is a negative externality?

In economics, this refers to a condition that exists when the production or consumption of a product results in a cost to a third party.

Hence, based on the information given on the gasoline price and values, it is deduced that the production of gasoline involves a negative externality which means that the market will produce a larger quantity of gasoline than is socially desirable.

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An employee works 47 hours (47 - 40 were overtime hours) during a workweek in December of 2021. He earns $39/hour, with his employer paying 1.5 times the regular rate of pay for overtime hours. To date, he has earned $140,950 during the year. He has requested that his employer withhold 6% of gross pay, which is to be contributed to a 401(k) plan.

Taxable income for federal income tax withholding = $
Taxable income for social security tax = $
Taxable income for medicare tax = $

Answers

The amount of tax will be:

Taxable income for federal income tax withholding =$1,851.33Taxable income for social security tax =$1,851.33Taxable income for medicare tax = $1,851.33

How to calculate the tax?

Regular Pay (40×39) = $1,560.00

Overtime Pay (7×39×1.5) =$ 409.50

Gross Pay = $1,969.50

Less: 401(k) plan Contribution (1969.50×6%) =$ 118.17

Taxable Amount = $1,851.33

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What is a non-economic benefit to
international trade?
A. increased productivity
B. exposure to new cultures
C. lower input costs

Answers

increased productivity
i kind of took context clues to answer this question

Answer:

B

Explanation:

Because movement of new people with goods to another country or place gives exposure to their cultures

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