Which of the following is not a desired access control when developing a purchases and payments business process?
A. The person paying the supplier must not be able to modify the purchase order.
B. The person returning items to the supplier must not view the original purchase order.
C. The person placing the purchase order must not receive the items.
D. The person receiving the order must not see the original purchase order quantities.
Answer: B
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Maccari Corporation uses the FIFO method in its process costing system. Operating data for the Casting Department for the month of September appear below: UnitsPercent Complete with Respect to ConversionBeginning work in process inventory24,00080%Transferred in from the prior department during September61,000 Ending work in process inventory10,00060%According to the company's records, the conversion cost in beginning work in process inventory was $61,824 at the beginning of September. Additional conversion costs of $206,412 were incurred in the department during the month.The cost per equivalent unit for conversion costs for September is closest to: (Round off to three decimal places.)
A. $3.220 B. $3.156 C. $3.340 D. $3.384
Indicate which of the following audit procedures, used as tests of controls, do not involve audit sampling.1. Observing and evaluating segregation of duties.2. Testing of whether sales invoices are supported by authorized customer orders and shipping documents.3. Reviewing entity's procedures for accounting for the numerical sequence of shipping documents.4. Examining sales orders for proper credit approval.5. Recomputing the information on copies of sales invoices.6. Comparing the average days outstanding in accounts receivable with industry averages.
What will be an ideal response?
Situations where incentives offered to different stages or participants in a supply chain lead to actions that increase variability and reduce total supply chain profits are referred to as
A) incentive obstacles. B) information processing obstacles. C) operational obstacles. D) behavioral obstacles.
The Americans with Disabilities Act requires that employers accommodate the needs of applicants or employees with disabilities who are not otherwise qualified for the work?
Indicate whether the statement is true or false