Documents in a voucher system

Match each document in a voucher system in column one with its description in column two.

Document

1.

Purchase requisition

2.

Purchase order

3.

Invoice

4.

Receiving report

5.

Invoice approval

6.

Voucher

Description



A.

An itemized statement of goods prepared by the vendor listing the customerâs name, items sold, sales prices, and terms of sale.



B.

An internal file used to store documents and information to control cash disbursements and to ensure that a transaction is properly authorized and recorded.



B.

An internal file used to store documents and information to control cash disbursements and to ensure that a transaction is properly authorized and recorded.



C.

A document used to place an order with a vendor that authorizes the vendor to ship ordered merchandise at the stated price and terms.



D.

A checklist of steps necessary for the approval of an invoice for recording and payment; also known as a check authorization.



E.

A document used by department managers to inform the purchasing department to place an order with a vendor.



F.

A document used to notify the appropriate persons that ordered goods have arrived, including a description of the quantities and condition of goods.

The strength of the economy depends on the balance pf production and consumption of goods and consumption of goods and services

Lo.2, 3, 9 lori, who is single, purchased 5-years class property for $200,00 and 7-years class property for $420,000 on may 20, 2018. lori experts the taxable income derived form the business (without regard to the amount expensed under ⧠179) to be about $550,000. lori has determined that she should elect immediate ⧠179 expensing in the amount of $520,000, but she doesn’t know which asset she should completely expense under ⧠179. she does not claim any available additional first-year depreciation. a. determine lori’s total cost recovery deduction if the ⧠179 expense is first taken with respect to the 5-year class asset. b. determine lori’s total cost recovery deduction if the ⧠179 expense is first taken with respect to the 7-year class asset. c. what is your advice for lori? d. assume that lori is in the 24% marginal tax bracket and that she uses ⧠179 on the 7-year asset. determine the present value of the tax savings from the depreciation deductions for both assets. see appendix g for present value factors, and assume a 6% discount rate. e. assume the same facts as in part (d), except that lori decides not to use ⧠179 on either asset. determine the present value of the tax savings under this choice. in addition, determine which option lori should choose. f. present your solution to parts (d) and (e) of the problem in a spreadsheet using appropriate microsoft excel formulas. e-mail your spreadsheet to your instructor with a two-paragraph summary of your findings.

Conor is 21 years old and just started working after college. he has opened a retirement account that pays 2.5% interest compounded monthly. he plans on making monthly deposits of $200. how much will he have in the account when he reaches 591 years of age?