Material comparison to total company operations

Assignment Help Accounting Basics

Reference no: EM13121873

Mary is an employee of ABC Inc. and has requisitioned material for her personal use. Employees of ABC Inc, are allowed to use material for their personal use as long as they pay for the cost of the material within 30 days. Mary searches the invoices for the last 10 years and finds the lowest cost for the material she used personally. This is acceptable because:

a. Mary is an employee of ABC Inc

b. Mary will be paying her invoice within the required 30 days

c. It is not acceptable because she searched 10 years back for the lowest price

d. the company is large, she is only requisitioning a small amount of material compared to total company operations and she does have documentation of the cost.

Reference no: EM13121873

Questions Cloud

Use plus four method to have confidence interval : The Gallup Poll asked a sample of 178 U.S. adults, "Did you, yourself, happen to attend church or synagogue in the last 7 days? Use "Plus Four" method to have a more accurate 95% confidence interval.

Find probability and random selection : Probability and Random Selection, A 4 person grievance committee is to be composed of employees in 2 departments, A and B, with 15 and 20 employees

Illustrate what is the dollar floatation cost on new issue : their debt flotation costs are currently estimated to be 4% of the issue's value. GST's federal-plus -tax rate is 40%. Illustrate what is the dollar floatation cost on the new issue?

What is the profit maximizing level of output : Write the expression for this firm's Total Revenue and write the expression for this firm's marginal revenue - what is the profit maximizing (or loss minimizing) level of output

Material comparison to total company operations : the company is large, she is only requisitioning a small amount of material compared to total company operations and she does have documentation of the cost.

Induction on sum of natural numbers : Let f:N x N -> N be the function defined recursively as follows: Use induction on the sum i + j to prove that f(i, j) = 2i + j + 6 for all (i, j) in N x N.

What is the genotype of the short-legged chicken : The breeder is confused about the results. Tell the breeder what the last (or third) cross might indicate.

Important information about statistics probability : Important information about Statistics probability, Packages from packing machine have a mass, which is normally distributed with mean 200g and standard deviation 2g

Well-ordering and division theorem : Show that there is no rational number b/a whose square is 2, as follows: if b^2 = 2a^2, then b is even, so b = 2c, so, substituting and cancelling 2, 2c^2 = a^2.

User Account

All Pages