Upon receipt of customers' checks in the mailroom, a responsible employee should prepare a listing of remittances that is forwarded to the cashier. A copy of the listing should be sent to the

A. Internal auditor to investigate the listing for unusual transactions.

B. Treasurer to compare the listing with the monthly bank statement.

C. Accounts receivable bookkeeper to update the subsidiary accounts receivable records.

D. Entity's bank to compare the listing with the cashier's deposit slip.


C. Accounts receivable bookkeeper to update the subsidiary accounts receivable records.

Business

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Checks issued during the period that have been presented to the bank for payment and have been paid during the period are known as

a. postdated checks; b. cancelled checks; c. checks in transit; d. dishonored checks; e. returned checks.

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Which of the following is the largest part of the advertising/promotion budget?

A) trade promotions B) consumer-oriented price promotions C) retailer promotions D) consumer-oriented product promotions

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________ is the belief that exerting a high level of effort will result in the successful performance of some task.

A. Equity B. Valence C. Psychological empowerment D. Expectancy E. Instrumentality

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Companies are increasingly adopting high-commission plans to make sure that salespersons are motivated to build long-term relationships with customers

Indicate whether the statement is true or false

Business