Problem regarding the expenditure approval process

Assignment Help Accounting Basics
Reference no: EM13953349

The Expenditure Approval Process

Roberto is the plant superintendent of a small manufacturing company that is owned by a large corporation. The corporation has a policy that any expenditure over $1,000 must be approved by the chief financial officer in the corporate headquarters. The approval process takes a minimum of three weeks. Roberto would like to order a new labeling machine that is expected to reduce costs and pay for itself in six months. The machine costs $2,200, but Roberto can buy the sales rep's demo for $1,800. Roberto has asked the sales rep to send two separate bills for $900 each.

What would you do if you were the sales rep? Do you agree or disagree with Roberto's actions? What do you think about the corporate policy?

Reference no: EM13953349

Questions Cloud

Who travel long distances to entertain their children : To meet the needs of those who travel long distances to entertain their children and keep them occupied and provide a stress free environment, Sean John provides.
Calculate the power model and associated unit space values : A coworker is considering the use of a log linear (power) model using weight to estimate the cost of a missile engine.
Cash equivalents and the statement of cash flows : In December 2014, Rangers Inc. invested $100,000 of idle cash in U.S. Treasury notes. The notes mature on October 1, 2015, at which time Rangers expects to redeem them at face value of $100,000.
Test the null hypothesis of no association, with attention : Test the null hypothesis of no association, with attention to the natural ordering of the columns. State clearly your alternative hypothesis and choice of test size.
Problem regarding the expenditure approval process : Roberto is the plant superintendent of a small manufacturing company that is owned by a large corporation. The corporation has a policy that any expenditure over $1,000 must be approved by the chief financial officer in the corporate headquarters...
Factors involved in an investment decision : As an investor, you are considering purchasing stock in a chain of theaters. The annual reports of several companies are available for comparison.
Compare proportions of hbv infection between four groups : Test to compare the proportions of HBV infection between the four groups: physicians with frequent exposure, physicians with infrequent exposure, nurses with frequent exposure, and nurses with infrequent exposure. State clearly your null and alter..
What are some to the outcomes of the company : What skills does Black think employees need to work successfully in the area of HR? What are some to the outcomes of the company's new HR strategy? What do you think might be some of the challenges of establishing HR policies for a global company
How many private companies are in the survey : How many companies respond that taxes are too high are public companies?

Reviews

Write a Review

Accounting Basics Questions & Answers

  On april 1 the snake river racing club srrc purchased ten

on april 1 the snake river racing club srrc purchased ten white-water rafts with a cash price of 3000 each. srrc

  On january 1 a company borrowed 70000 cash by signing a 9

on january 1 a company borrowed 70000 cash by signing a 9 installment note that is to be repaid with 4 annual year-end

  The interest expense on the income statement relates to the

the following information is available about the company a.selected financial ratios computed from the statements

  Batpro makes metal baseball bats each bat requires 1 kg of

batpro makes metal baseball bats. each bat requires 1 kg. of aluminum at 20 per kg. and 0.50 direct labor hours at 16

  Gemstone corporation has a sales budget for next month of

gemstone corporation has a sales budget for next month of 600000. cost of goods sold is expected to be 30 percent of

  Compute the amount of accumulated depreciation

Compute the amount of accumulated depreciation on each machine at December 31, 2015 - what would be the depreciation expense for this machine in 2013? In 2014?

  Using the time value of money calculator under the lessons

using the time value of money calculator under the lessons tab answer the following question and submit your answer to

  What financial information do you think a manager needs to

what financial information do you think a manager needs to perform hisher job effectively? what different types of

  During 2014 jkl plans to introduce a new menu item that is

during 2013 the jkl restaurant had sales revenues and food costs of 830000 and 620000 respectively. during 2014 jkl

  Direct material price variance

If a company follows a practice of isolating variances at the earliest point in time, what would be the appropriate time to isolate and recognize a direct material price variance?

  Calculate ending inventory and cost of goods sold at august

calculate ending inventory and cost of goods sold at august 31 2012 using the specific identification method. the

  Relationship between repair costs and machine

Identify the amount or the symbol that represents the dependent variable and the independent variable,

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