QUESTIONS 1-4 To download the data file, go to http://wps.prenhall .com/chet_ bu

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QUESTIONS 1-4

To download the data file, go to http://wps.prenhall .com/chet_ burton_officeprocedure_8/. Save the file by keying your last name at the beginning of the filename; frantic and doesn't know what to do. Analyze the sit- uation and outline a plan of action for him, assum- ing you have followed all the correct procedures concerning traveler's checks for example, Henderson-C9-OJs. Directions Petty cash fund. You are new on the job. Because you keep the petty cash fund, Leah, a coworker, has come to you and asked to borrow $10.00 until tomorrovw Other employees have told you the manager does not care if they borrow from petty cash. No one has asked you until today. Analyze the situation and explain what you would do and why. 2. Enter your response afer each situation. 1. Lost traveler's checks. Your supervisor is out of town and calls to tell you his briefcase was stolen from his hotel room this afternoon. He had locked his remaining traveler's checks in the briefcase. He is

Explanation / Answer

1 Ans:- The travel company could be contacted and explained about the situation. If there is need of tickets and ID then it could be digitally transferred. I would download the tickets and mail it to my supervisor. Also I would discuss the remaining travelling plan with him and ask all the required documents he would need. I would also advise him to make sure that all the tickets and passes are with him before moving to another destination.

2 Ans:- I would relook at the rules to manage the petty cash. I would also like to check whether it is allowed to lend form petty cash. The cash should not ne lend to anyone if it is not allowed by the company. If manager doesn't ask for petty cash then it doesn't mean that I would go on and lend it to anyone.

3 Ans:- In this situation employee's paycheck needs to be corrected. It is important to keep the entries correct at all the points. Even to get the budget recommendation a correct figure is required. Definitely, department heads are busy in budget recommendation but I would push and get the correction done as well.

4 Ans:- The amount should be recovered form employee on urgent basis and puted in petty cash. It is also required to be checked whether processes are followed in lending the amount to the employee. The employee request should be kept as proof to borrow the petty cash.

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