19. is the document that acknowledge the insured legally entitled to receive the payment from the policy. * O A. Discharge notes B. Completion notes O C. Claim form O D. Policy form
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- Distinguish among a payroll master file, a W-2 form, and apayroll tax return. Explain the purpose of each.a) List the parts of a formal report and explain any 2. b) Differentiate between a memo and a circular.The Acme Electric Company worked day and night to develop a new current regulator designed to cut the electric power consumption in aluminum plants by 35%. They knew that, although the competition was fierce, their regulator could be produced more cheaply, was more reliable, and worked more efficiently than the competitors’ products. The owner, eager to capture the market, personally but somewhat hastily put together a 120-page proposal to the three major aluminum manufacturers, recommending that their regulators be installed at all company plants. She devoted the first 87 pages of the proposal to the mathematical theory and engineering design behind his new regulator, and the next 32 to descriptions of the new assembly line she planned to set up to produce regulators quickly. Buried in an appendix were the test results that compared her regulator’s performance with present models, and a poorly drawn graph showed how much the dollar savings would be. Acme Electric didn’t get the…
- White booked a flight for a business trip with his company’s travel agent. He filled out two expense reports for this trip,and on each report, he requested reimbursement for the cost of the ticket. On one report,he attached his airline stub as support for the expense. On the other report, he attached the travel agency’s invoice as support.What kind of scheme was White attempting? a. A false billing scheme b. A mischaracterized expense scheme c. An overstated expense scheme d. A multiple reimbursement schemeYou are working as an adviser in a large financial institution. Your clients Simon, Juliet and Andre are the directors of Future Energy Ltd a reputable and successful company in the renewable energy market.Future Energy Ltd has secured major contracts to install solar panels and batteries to government buildings in Singapore, Canberra, Sydney and Melbourne.To fulfil these contracts, Future Energy Ltd needs to raise $ 9.5 million. The directors seek your urgent advice.RequiredUsing the MOA template, advise the directors how Future Energy Ltd should raise the $9.5 mil. In your opinion, will a disclosure document be necessary? Why or why not? Please support your answer with relevant sections of the Corporations Act 2001 and/or case law.Which of the following is not an objective of administration? A. To rescue a company in financial difficulty to allow it to continue as a going concern B. To realise property to pay one or more secured or preferential creditors C. To wind up the company and cease its operations D. To achieve a better result for the creditors
- 13. With a fixed value stock bid, the only the bidding company’s shareholders face market and operational risk between the deal announcement and completion date. True/False and WHYScenarioAntonio Mbaza is employed by Klincor. For the duration of his employment, both him and hisemployer contributed the legislated UIF amount on a monthly basis. After a particularly frustratingday at work, Antonio hands in his resignation to his employer and his employer accepts theresignation. A week later, Antonio contacts his former employer requesting that the relevantdocumentation be completed and released so that he can claim his UIF benefits, the employerdenies the request, indicating that Antonio does not qualify to apply for UIF.With reference to the scenario provided, comment on the former employer’s statement thatAntonio does not qualify for UIF, with consideration to the following: The validity of Antonio’s UIF claim. The categories for which UIF can be claimed. The duration for which Antonio could have expected to receive UIF payments.Please assist with question a), Thank you. a) The business needs to have a sense of its future cashflows and therefore requires the preparation of the following: A schedule of budgeted cash collections for the trade receivables (sales on account) for each of the months October to December. A schdule of expected cash disbursements for accounts payable (purchases on account) for each of the months October to December. A cash budget, with a total column, for the quarter ending December 31, 2021, showing the expected cash receipts and payments for each month and the ending cash balance for each of the three months, given that no financing activities took place.
- The following data was gathered during one of the recent audits of Cash Disbursement Section. One of the findings was on the outdated Delegation of Authority to policy. In preparing a report of the findings, identify the elements of an audit findings for each data (in order). 1. The delegation authority is updated biannually and not when changes in personnel or responsibilities of authorized individuals occur. 2. The delegation of authority policy list three individuals who are no longer with the company. Additionally, four individuals were identified who are new in their positions that should have disbursement authority, but are not listed in the policy. 3. Disbursements may be made that are not in accordance with management's or BOD's direction. 4. Authority over the disbursement of funds should only be delegated to individuals whose responsibility justify such authority. O Cause, Effect, Condition, Criteria O Condition, Effect, Cause, Criteria O Cause, Condition, Effect,…In 2022, Ellen and Ed, married filing jointly, had $10,000 mortgage interest, $2,000 real estate taxes, $2,000 state income tax, and medical expenses of $2,000. Assuming they had an adjusted gross income of $50,000, which of the following is TRUE? Question 12Select one: a. They should take a standard deduction of $24,000. b. They should take a standard deduction of $12,000 c. They should take an itemized deduction of $14,000. d. They should take an itemized deduction of $16,000.During the audit of Albert Eistein, what relevant assertion should be used to record loans receivable net of an allowance for loan losses when allowance should adequately cover any estimated losses inherent in the loan portfolio but not excessive losses? a. Existence or occurrenceb. Valuation or allocationc. Cutoffd. Rights or obligations