Seatow Inc. has a petty cash fund of $2,500. (a) Since the petty cash fund is only
Question:
(a) Since the petty cash fund is only $2,500, should Seatow Inc. implement controls over petty cash?
(b) What controls, if any, could be used for the petty cash fund?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (16 reviews)
a Yes Even though the petty cash fund is only 2500 ...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Cost Accounting questions
-
Oak Grove Inc. has a petty cash fund of $1,500. (a) Since the petty cash fund is only $1,500, should Oak Grove Inc. implement controls over petty cash? (b) What controls, if any, could be used for...
-
Spectacle Inc. has a petty cash fund of $2,000. (a) Since the petty cash fund is only $2,000, should Spectacle Inc. implement controls over petty cash? (b) What controls, if any, could be used for...
-
Oak Grove Inc. has a petty cash fund of $1,500. (a) Since the petty cash fund is only $1,500, should Oak Grove Inc. implement controls over petty cash? (b) What controls, if any, could be used for...
-
The number of hours of daylight that occur at any location on Earth depends on the time of year and the latitude of the location. The equations below model the numbers of hours of daylight in Seward,...
-
Suggest a synthesis of ibuprofen (Section 5.11) from benzene, employing chloromethylation as one step. Chloromethylation is a special case of the Friedel-Crafts reaction in which a mixture of HCHO...
-
A company borrowed $180,000 at an interest rate of 9% compounded annually over six years. The loan will be repaid in installments at the end of each year according to the accompanying repayment...
-
(2) If you worked for the organization concerned, which organizational audiences might require an account of the change to be constructed?
-
Moody Corporation uses a job-order costing system with a plant wide predetermined overhead rate based on machine-hours. At the beginning of the year, the company made the following estimates:...
-
A local school can purchase gym equipment for $ 1 7 , 0 0 0 or lease some equipment for five years. The lease has a front - end delivery and setup charge of $ 2 , 0 0 0 and regular payments of $ 1 5...
-
The following observations are for two quantitative variables, x and y. a. Develop a cross tabulation for the data, with x as the row variable and y as the column variable. For x use classes of...
-
Assume that you are planning to purchase a Samsung LED-LCD, 55 inch television. In groups of three or four, determine the lowest cost for the television, considering the available alternatives and...
-
Oscar Fye has recently been hired as the manager of Janies Canyon Coffee, a national chain of franchised coffee shops. During his first month as store manager, Oscar encountered the following...
-
You are required to calculate the machine hour rate from the following: The machine occupies 1 4th of the total area of the shop. The supervisor is expected to devote 1 6 th of his time for...
-
Find the average value fave of the function f on the given interval. f(x) = x (x3+10) 2' [-1, 1] fave = | X
-
Hickman Aviomes's actual sales and purchases for April and May are shown here along with forecasted sales and purchases for Jane theough September April(actual) May cactual) Jane (forecast) July...
-
Togo's Sandwiches acquired equipment on April 1, 2024, for $18,000. The company estimates a residual value of $2,000 and a five- year service life. Required: 1. Calculate depreciation expense using...
-
Change the session date to July 8, 2024. Create shortcuts or change modules and enter the following transactions. NOTE: Deposits and withdrawals, except credit card transactions, use Bank: Chequing...
-
Determine the intervals on which the function f(x) = 1 x + 2/3 4 3 -x - 1 2 - -2x is increasing and the intervals on which it is decreasing. f(x) is increasing for x = (-2, -1) U (1,) and decreasing...
-
Variable and fixed cost pattern analysis} The cost behavior patterns graphed on page 193 are lettered A through H. The vertical axes of the graphs represent total dollars of expense, and the...
-
You are thinking of investing in one of two companies. In one annual report, the auditors opinion states that the financial statements were prepared in accordance with generally accepted accounting...
-
The basic problem with the absolute concept of poverty is finding the _____.
-
What document is the source for (a) Debiting the accounts in the materials ledger and (b) Crediting the accounts in the materials ledger?
-
What document is the source for (a) Debiting the accounts in the materials ledger and (b) Crediting the accounts in the materials ledger?
-
What document is the source for (a) Debiting the accounts in the materials ledger and (b) Crediting the accounts in the materials ledger?
-
Question 4. - Week 9. What are the major competitive issues General Electric faces when managing cooperative strategies? - (7 marks)
-
All of the following are roles of a derivative exchange EXCEPT: _____. A) maintaining margin requirements on futures contracts B) reducing the default risk on forward contracts C) performing daily...
-
you are analyzing the cost of debt for a firm. Do you know that the firms 14 year maturity, 7.8 Percent coupon bonds are selling at a price of $834. The Barnes pay interest semi annually. If these...
Study smarter with the SolutionInn App