Which of the following accounting functions has been accurately described?
A. Accounts payable records help to make timely payments in order to capture prompt pay discounts and to maintain a good credit rating for the business.
B. Payroll records track if your business keeps surplus cash invested in securities.
C. Investments records help produce accurate billing of customers, and thus help to maintain good customer relations.
D. Credit card sales function enables that payroll and employment taxes are kept current.
Answer: A
You might also like to view...
On August 14, Park Avenue Bank lent $210,000 to City Coffee Shop on a 75 day, 4% note. What is the maturity value of the note? (Use a 360-day year and round answers to the nearest dollar.)
A) $211,726 B) $211,750 C) $210,000 D) $218,400
Section 406 of the ______________ requires that companies that are publicly traded disclose whether or not they have a code of ethics.
a. Robinson-Patman b. Sherman Antitrust Act c. Foreign Corrupt Practices Act d. Sarbanes-Oxley Act
The federal courts have exclusive jurisdiction over:
a. federal criminal prosecutions. b. trademark and copyright cases. c. issues involving state constitutions. d. Federal criminal prosecutions and trademark and copyright cases. e. Federal criminal prosecutions and issues involving state constitutions.
According to research studies, a leader is likely to positively influence the customer service behavior of employees when the leader
A) is charismatic and good at setting visions. B) imposes strict control over employee behavior. C) is so grouchy and angry that he or she is a good model of behavior to avoid. D) complains a lot about poor customer service.