Answer the following statements true (T) or false (F)
1) All cash receipts should be deposited in the bank at the end of each week.
2) Companies receive cash either over the counter, through the mail, or by electronic funds transfer.
3. The security measures are the same for any type of cash receipts.
4. A point-of-sale terminal provides control for over the counter cash receipts.
5. At the end of each day, the accountant proves the cash by comparing the cash in the drawer against the point-of-sale terminal record of cash sales.
1. FALSE
2. TRUE
3. FALSE
4. TRUE
5. FALSE
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Firms that focus on market growth often ______.
A. locate their facilities in reasonable proximity to the new market that they are planning to enter B. relocate the manufacturing plant to be closer to shifting market areas C. ensure that the product packaging is frequently redesigned to accommodate new markets D. identify new sources of raw materials closer to new markets
Very often, the problems associated with this type of decision will be complex in nature with few past occurrences for employees to draw on.
What will be an ideal response?
Joe wanted to join a union so that he could take advantage of the equality and teamwork brought about through union membership. Joe was motivated by
A. dissatisfaction with management. B. political needs. C. economic needs. D. social and status needs.
Bonds issued by BB&C Communications that have a coupon rate of interest equal to 10 percent currently have a yield to maturity (YTM) equal to 8 percent. Based on this information, it is understood that BB&C's bonds must currently be selling at a premium in the financial markets.
Answer the following statement true (T) or false (F)