What specific internal control procedure would prevent an increase in sales returns since salesmen were placed on commission?
Customer credit should be verified by the credit department; reduce commissions for sales returns.
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For which of the following special purpose financial statements is an other-matter paragraph restricting the use of the auditor's report required?
a. Cash basis. b. Tax basis. c. Regulatory basis for general use. d. Contractual basis.
A process costing system is used by a company that
a. produces heterogeneous products. b. produces items by special request of customers. c. produces homogeneous products. d. accumulates costs by job.
In joint-product costing and analysis, which of the following costs is relevant in the decision when a product should be sold to maximize profits?
a. Separable costs after the split-off point b. Joint costs to the split-off point c. Sales salaries for the production period d. Costs of raw materials purchased for the joint process.
Following the opening statements at a trial, the:
a. bailiff flips a coin to see who goes first b. defendant goes first since he has the burden of proving the plaintiff's arguments are wrong c. plaintiff goes first since she has the burden of proving that her arguments are correct d. plaintiff goes first in civil cases, the defendant goes first in criminal cases e. judge decides who goes first depending on the type of case