Payments by check can easily be controlled

Assignment Help Financial Management
Reference no: EM131077856

Payments by check can easily be controlled if ________________.

a. the company has the same person do all the checks and approvals

b. the company utilizes separation of duties

c. the company reconciles monthly

d. the company has the check writer verify the amounts when recorded

Reference no: EM131077856

Questions Cloud

Find the amount necessary to pay the invoice in full : Cody's Book Nook received an invoice dated July 27 for $1283 with terms of 4/5 EOM. If the invoice is paid on August 3, find the amount necessary to pay the invoice in full.
What is the cost of external common equity : What is the cost of external common equity?
What is the aftertax cost of the zero coupon bond : Jiminy's Cricket Farm issued a 30-year, 7.4 percent semiannual bond 8 years ago. The bond currently sells for 91 percent of its face value. The book value of this debt issue is $96 million. What is the aftertax cost of debt?  What is the aftertax cos..
Treasury securities are yielding : ABC Company has an after-tax cost of debt of 6 percent, beta of .85, tax rate of   35 percent, and a target capital structure of 60 percent equity and 40 percent debt.  Ten year Treasury securities are yielding 4 percent and the risk premium for ABC ..
Payments by check can easily be controlled : Payments by check can easily be controlled if ________________.
What is the firm after tax cost of debt : 1,000 par value bond matures in 6 years, interest at 8%, 1150.00 market value, tax rate at 30%, and marginal tax rate at 36%. What is the firm after tax cost of debt?
Living will rule : What happened in 2008 is the "living will" rule in the Dodd Frank documents is trying to fix or correct? Please be elaborate and provide the best example in great detail.
Deposit the money into an account : Jackson & Parnell receive $8873 every six months from a grant. The amount they receive decreases each period by $157. Jackson & Parnell deposit the money into an account paying 5% per year, compounded biannually. How much will they have in the accoun..
Fixed-rate mortgage to buy new home : You need a 35-year, fixed-rate mortgage to buy a new home for $340,000. Your mortgage bank will lend you the money at an APR of 6.35 percent for this 420-month loan. How large will this balloon payment have to be for you to keep your monthly payments..

Reviews

Write a Review

Financial Management Questions & Answers

  The firms financial position at a point in time

The statement of cash needs tells us how much cash the firm will require during some future period, generally a month or a year. The balance sheet gives us a picture of the firm's financial position at a point in time. The statement of cash flows tel..

  Valuation of a constant growth stock

A stock is expected to pay a dividend of $0.75 the end of the year (that is, D1 = $0.75), and it should continue to grow at a constant rate of 5% a year. If its required return is 12%, what is the stock's expected price 1 year from today?

  Explain tax advantage of allocating too much to building

Western Bank & Trust purchased land and a building for the lump sum of $3,000,000. To get the maximum tax deduction, Western allocated 90% of the purchase price to the building and only 10% to the land. A more realistic allocation would have been 70%..

  What are the arithmetic and geometric returns

What are the arithmetic and geometric returns for the stock?

  The debt is selling at par value-what is the value of firm

L.A. Clothing has expected earnings before interest and taxes of $2,200, an unlevered cost of capital of 16 percent and a tax rate of 34 percent. The company also has $2,900 of debt that carries a 7 percent coupon. The debt is selling at par value. W..

  Transactions may best be described

Abacus, Inc. forms a corporation, Sirius, Inc., by transferring 18 percent of Abacus's stock to it for 100 percent of the stock in Sirius. Sirius, Inc. acquires 90 percent of the stock of Tyrol, Inc. for its stock in Abacus, whereupon Sirius is merge..

  Formula of interest expense ebit

Formula of Interest expense EBIT divided by Interest expense but this does not seem correct -

  Stakeholders in not for profit corporations

Which of the following individuals (or groups) are NOT stakeholders in not-for- profit corporations? Which of the following statements about not-for-profit corporations is most correct? Which of the following equations best describes the accounting i..

  How much interest is paid on the loan in first month payment

A company takes out a loan for $150,000 at a nominal interest rate of 8% compounded monthly. The company agrees to pay back the loan in equal monthly payments for 15 years. What is the monthly payment for this loan? How much interest is paid on the l..

  Developing a balanced scorecard in unit

Developing a Balanced Scorecard In unit, you are exploring the need for organisations to measure and manage performance against objectives, as well as the potential effectiveness of tools such as Balanced Scorecards and Strategy Maps as aids in ca..

  Discuss the different roles of financial institutions

Discuss the different roles of financial institutions in the economy in general. Also, discuss the current regulations in the financial services industry

  Calculate value of the option based on replication

Consider a two period binomial model where in each round the stock increases or decreases by 10%. The current stock price is $20 and the risk free rate is 3.33% each period. We first consider a European call option with a strike of $20. Calculate val..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd