The Policy Directive replaces all of the existing policy guidance contained in the TFM and the Cashier's Manual.
x x x x 5.7 When a cash advance is no longer needed or has not been used for a period of two (2) months, it must be returned to or deposited immediately with the collecting officer.
5.8 All cash advances shall be fully liquidated at the end of each year.
Then, your breakeven point is, Breakeven = $10,000 / ($15 - $10)Breakeven = $10,000 / $5Breakeven = 2,000 units You need to sell 2,000 units to breakeven. Not only did you answer my questions, you even took it a step further with replying with more pertinent information I needed to know.
The Accounts Payable and Travel division of the Controller’s Office is responsible for monitoring and processing all non-salary financial obligations for the University community.
The NPR Report recommended that agency imprest funds be eliminated because most federal payments could be made electronically and by other noncash alternatives.
Also, Treasury requires agencies to eliminate imprest funds because they are labor intensive and require relatively more internal controls than noncash payment mechanisms, and because the government does not earn interest on money held in these accounts.
Several agencies with diverse missions have eliminated or nearly eliminated their use of imprest funds.
For example, a large benefit agency has eliminated most of its imprest funds by using a combination of EFT payments and third-party draft payments.
The amount withheld shall be applied to his (AO’s) accountability. Petitioner failed to establish that the dismissal order was tainted with grave abuse of discretion such as the denial of the prosecution’s right to due process or the conduct of a sham trial.