Each of the following is a feature of internal control except
a. sound personnel policies.
b. recording of all transactions.
c. separation of duties.
d. television commercials to enhance marketability.
D
You might also like to view...
Which of the following ratios does not represent some form of comparison between accounts in current assets and accounts in current liabilities?
a. Working capital b. Current ratio c. Acid-test ratio d. Cash ratio e. Merchandise inventory turnover
What is the advantage to using articles from publications such as the Wall Street Journal?
A) They are current B) They offer a wide variety of opinions C) Editors have reviewed them, making them more reliable D) Researchers can find some type of publication to support the goal of the research E) They can be found online
Most sales and marketing firms develop territories solely on the basis of geographical considerations
Indicate whether the statement is true or false
Planet Manufacturing provided the following information for the month ended March 31
Sales Revenue $ 22,000 Beginning Finished Goods Inventory 7,000 Ending Finished Goods Inventory 6,500 Cost of Goods Manufactured 10,600 Selling and Administrative Expenses 5,125 Prepare the income statement. What will be an ideal response