Which control plan for the cash receipts function has as its primary control goal to ensure security of resources?

A. reconcile bank account regularly
B. enter cash receipts close to where cash is received
C. immediately endorse incoming checks
D. one-to-one checking of deposit slips and checks


Answer: C

Business

You might also like to view...

Bradley Corporation has three production departments A, B, and C. Bradley Corporation also has two service departments, Administration and Personnel. Administration costs are allocated based on value of assets employed, and Personnel costs are allocated based on number of employees. Assume that Administration provides more service to the other departments than does the Personnel Department. Dept

Direct Costs Employees Asset Value Admin. $900,000 25 $450,000 Personnel 350,000 10 600,000 A 700,000 15 300,000 B 200,000 5 150,000 C 250,000 10 800,000 Refer to Bradley Corporation. Using the step method, what amount of Administration costs is allocated to A (round to the nearest dollar)? a. $72,973 b. $291,892 c. $145,946 d. $389,189

Business

When preparing to deliver bad news, the audiences' reaction _____

A) will not greatly impact the content that you develop for your message B) will always be the same— angry and disappointed—so no additional analysis on this subject is necessary C) can be exactly predicted using the ACE process D) should be anticipated by thinking about the situation from their perspective E) will vary so much from case to case that it is not worth the effort to try to determine it

Business

What are the major advantages of the North American Industry Classification System (NAICS)?

What will be an ideal response?

Business

In decision making under ________, there are several possible outcomes for each alternative, and the decision maker does not know the probabilities of the various outcomes

A) risk B) utility C) certainty D) probability E) uncertainty

Business