Which of the following is NOT a basic characteristic of a system of cash control?
a. Use of a voucher system
b. Combined responsibility for handling and recording cash
c. Daily deposit of all cash received
d. Internal audits at irregular intervals
B
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Scrambled merchandising increases
A. intratype competition. B. concentric diversification. C. intertype competition. D. vertical integration. E. horizontal integration.
Calculate the company's inventory turnover ratio for the year. (Round your answer to two decimal places.)
Anderson Farms Company provided the following for 2018:
A) 4.00 times per year
B) 2.55 times per year
C) 1.88 times per year
D) 1.28 times per year
A refrigerator has a mean time between failures of 314 hr and mean time to repair of 17 hr. In this case, the availability is ______.
A. 0.949 B. 0.930 C. 0.980 D. 0.930
A formal audit is required to be conducted each _____________ for companies that are publicly traded.
a. Fiscal month b. Fiscal quarter c. Fiscal year d. Decade