Which of the following is the best control procedure to prevent the payment of an invoice twice?
A. Reconciliation of vendor statements to accounts payable.
B. Use of a check protector.
C. Review of supporting documentation by the person signing the check.
D. Requiring dual signatures on checks.
Answer: C
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The fundamental asset underlying brand equity is ________, the value of customer relationships that the brand creates
A) the customer mix B) customer equity C) the product experience D) service variability E) the service encounter
Stahl Inc has 1,000 A-level accounts, each requiring 30 calls per year, and 3,000 B-level accounts, each requiring 10 calls per year
If each salesperson at Stahl Inc can make 1,500 sales calls per year, how many salespeople would be needed to meet the total workload? A) 25 B) 35 C) 40 D) 45 E) 60
A small manufacturing company recently stated its sales goal for a period was $100,000 . At this level of activity, its budgeted expenses were $80,000 . Its actual sales were $100,000, but its actual expenses were $85,000 . This company operated
a. effectively and efficiently. b. neither effectively nor efficiently. c. effectively but not efficiently. d. efficiently but not effectively.
On June 1, $400,000 of bonds were purchased as a long-term investment at 101.5 and $500 was paid as the brokerage commission. If the bonds bear interest at 12%, which is paid semiannually on January 1 and July 1, what is the total cost to be debited to the investment account?
A) $400,000 B) $406,500 C) $405,500 D) $402,000