All of the following are procedures used in accounting for a petty cash fund except
a. The money obtained from cashing a petty cash check is given to the custodian.
b. Each time monies are paid from petty cash, the custodian requests reimbursement.
c. Each time monies are paid from petty cash, the custodian records the details of the payment on a petty cash receipt form.
d. The custodian is authorized to disburse monies from the petty cash fund.
b
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Which of the following is NOT a typical objective of a community relations program?
A) to share confidential matters with community leaders B) to cooperate with other businesses on beneficial community projects C) to correct misunderstandings D) to support health programs with money and human resources
Assume you are the owner of a nationally franchised pizza restaurant in a large city like New York, Chicago, or Los Angeles. Which types of media would you use, and why?
What will be an ideal response?
If a $10,000 face value discount bond maturing in one year is selling for $9,000, then its yield to maturity is approximately
A) 9 percent. B) 10 percent. C) 11 percent. D) 12 percent.
Which of the following is a potential benefit that Echo can derive from global sourcing?
A) cheap R&D B) access to qualified personnel in the home country C) strong intellectual property protection D) improved productivity and service