For each of the following documents, describe its purpose, the functional area preparing it, and the key data included: remittance advice, remittance list, deposit slip
A remittance advice is sent by the customer to accompany payment. However, it is often part of or a copy of the invoice previously sent by the billing department after the goods were shipped.
A remittance list is often called a cash prelist and is prepared by the mail room clerk to record all cash received. It accompanies the checks to the cashier.
A deposit slip is prepared by the cashier to accompany the checks to the bank. This is usually a preprinted bank form.
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Source data for the beginning materials inventory comes from
a. Work in Process Inventory in the general ledger; b. Materials Inventory in the general ledger; c. the Adjusted Trial Balance columns of the work sheet; d. the Income Statement columns of the work sheet; e. the Balance Sheet columns of the work sheet
In which one of the following instances is supplier bargaining power and leverage not weakened?
A. when the item being supplied is a commodity B. when the buying firms purchase in large quantities and thus are important customers of the suppliers C. when the items purchased from suppliers are in short supply D. when the cost of switching from one supplier to another is low E. when industry members pose a credible threat of backward integration into the business of suppliers
Which of the following is a prejudgment writ?
A) writ of garnishment B) writ of execution C) writ of attachment D) writ of exigent
MELT would agree with the chapter's assertion that _________ tools have enhanced the more traditional types of knowledge management systems.
Fill in the blank(s) with the appropriate word(s).