If the net effect of errors is that the University obtains reimbursement in excess of valid expenditures, it needs to pay interest expense to the federal sponsors. If the net effect of errors is that the University incurs expenditures in excess of reimbursements, it foregoes the use of funds otherwise available and perhaps even incurs unnecessary interest expense to borrow funds on its line of credit... Showed first 250 characters
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If the net effect of errors is that the University incurs expenditures in excess of reimbursements, it foregoes the use of funds otherwise available and perhaps even incurs unnecessary interest expense to borrow funds on its line of credit.
If the project provides for reimbursement through submission of an invoice to the sponsor upon achievement of a milestone, it is important to have controls in place to monitor milestone achievement, the amount that can be billed, and to create the bill timely... Showed next 250 characters
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FUNCTIONS & DESCRIPTIVE STATISTICS
I. FUNCTIONS (Barnett, Chapter 1)
A. INDEPENDENT (input) VS. DEPENDENT (output) VARIABLES:
a. The effect of Price on Quantity of Items sold:
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1) a. Taxpayers can deduct medical expenses incurred by all people that they claim as dependents on their taxes.
b. It depends on the situation, if there is a written agreement stating otherwise, for the most part the person claims the child covers the expenses...
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Gap Inc Future
Comparative Balance Sheets
Gap Inc.ís 2006 balance sheet under assets shows a significant increase in the combined merchandise inventory and other current assets of $188 million and a slight decrease in their cash and cash equivalent by $5 million...