Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Stram Ine provided inserir desien servizes for 5 1 7 0 , 0 0 0 to customers using desit cards. Assume the tchanges 0 .

Stram Ine provided inserir desien servizes for 5170,000 to customers using desit cards. Assume the tchanges 0.5% for all debit card transactions. Which of the following is corred.?Strom inc. wauld have Debit Card expenses in the amount of $250 and Service Revenue of9158.220Strom int. would have Debit Card expenses in the amount of $850 and Service Revenue of $170,000C) Strom inc. would have an increase in Cash of $169,150 and Service Revenue of $169,150D) Strom inc would have an increase in Cash of $170,000 and Service Revenue of $169,150El sione of the choices are correct31C Peniny has the following current asse's fin millions): cash $4,888, receivables 51,000 and inventon55,812. its current liabilities fin millions) were $3,00D. The quick ratio isAJ0.740.50013D 145E)2.210)Control over cash disbursements is especially important for companies. Which of the following is thmethod for rinimizing payments of fictitious invoices?A) Match the purchase order with the receiving report before any cash disbursement is approv8) Match the purchase order, receiving report and the invoice before any cash disbursement is approvedC) Match the goods received with the invoice before any cash disbursement is approvedD) Request that duplicate invoices be issued by the vendorE) Use electronic funds transfer (EFT) instead of a cheque to make a payment

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management And Cost Accounting Tools And Concepts In A Central European Context

Authors: Andreas Taschner, Michel Charifzadeh

1st Edition

3527508228, 978-3527508228

More Books

Students also viewed these Accounting questions

Question

Explain the development of human resource management (HRM)

Answered: 1 week ago