Which of the following is a proper control for the detection of unusual sales transactions recorded in the general ledger?
a. Electronic authorization prior to posting.
b. Use of sequentially numbered sales documents.
c. Random statements to customers.
d. Review of transactions by upper management or the board.
d
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Answer the following statements true (T) or false (F)
1. A micro climate is defined as the general atmosphere of a workplace. 2. To enhance the listening climate, a listener should set aside whatever he/she is doing. 3. Strategic managerial listening requires listening to the spoken words and attention to the nonverbal elements and the total environment. 4. Managers should discourage their subordinates from listening to the grapevine because the information is usually false.
Which of the following best exemplifies a costly mistake that can be attributed to passive listening?
A) forgetting to reorder supplies and having work come to a standstill while you send an employee out to restock B) taking an order so large that your factory has to run costly overtime shifts to meet the production deadline C) failing to proof your report before making copies of it, and having to reprint them all after you realize this and correct the typos D) scheduling two appointments for the same time and having to cancel on one of your clients at the last minute E) mailing out a coupon giving customers 50% off on their orders because you misheard when your boss asked you to create a coupon for 15% off
Tile & Grout (T&G) contracts to resurface the insides of the pools at WaterWorld Park. T&G knows that without the resurfacing, WaterWorld will have to delay its seasonal opening. T&G does not perform as promised. As consequential damages, WaterWorld can recover A) the cost of new pools
B) the difference between T&G's price and the eventual cost of resurfacing. C) the loss of profit from the delayed opening. D) nothing.
Alex works for a company with a 401(k) plan. He currently earns $80,000 in gross salary and contributes 8% of his gross salary into his 401(k) account
If his marginal tax rate is 33%, how much income tax liability is he saving by participating in his 401(k)? A) $6,400 B) $2,112 C) $6,000 D) $16,800