To avoid becoming the victim of identity theft, ____ visit only reputable online retail sites
A) be sure to
B) be sure and
A
You might also like to view...
According to professional auditing standards, which of the following best represents a type of fraudulent financial reporting?
a. Management accrues a liability and discloses the possible outcome of a lawsuit prior to settling the matter. b. Management reclassifies a negative cash balance by decreasing cash and increasing a current liability. c. Management discloses its failure to meet loan covenants but states that a waiver has been received. d. Management intentionally excludes a subsidiary from its consolidated results that it controls significantly.
The Dividends account is normally closed by debiting it.
Answer the following statement true (T) or false (F)
In an activity flexible budget, the fixed cost component typically correspond to
A) resources that vary with direct labor hours. B) resources that vary as the activity output changes. C) resources acquired in advance of usage. D) resources acquired as needed. E) none of these.
The accounting records of Lowery, Inc., revealed an accounts receivable balance of $195,000 on January 1, 20x6. Forty percent of the company's sales are for cash, and the remaining 60% are on account. Of the credit sales, 30% are collected in the month of sale and 70% are collected in the following month. Total sales in January and February are expected to amount to $500,000 and $530,000, respectively.Assume that in the latter half of 20x6, Lowery hired a new sales manager who aggressively tried to maximize the company's market share. She implemented a compensation system for the sales force that was 100% commission based, with the commission calculated on the basis of gross sales dollars. Sales volume increased dramatically in a very short period of time, and the sales and collection
patterns changed, as follows:Cash sales:20%Credit sales: 80%Collected in the month of sale15%Collected in the month following sale75%Uncollectible10%Required: A. Compute the company's cash inflows for January and February, 20x6.B. Determine the outstanding receivables balance at the end of February.C. Compare the sales and collection patterns before and after the arrival of the new sales manager. Have things improved or deteriorated? Explain.D. On the basis of the information presented, determine what likely caused the improvement or deterioration in collection patterns. What will be an ideal response?