The following set of items describes activities completed by a company in collecting cash for merchandise sales. For each activity, identify whether or not the activity adheres to or violates sound internal control procedures. Monthly statements, indicating the current balance due, are mailed to customers
a. Adheres to sound internal control procedures
b. Violates sound internal control procedures
c. Neither strengthens nor violates internal control
a
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For the year ending December 31, 2018, the RJ Corporation reported book income before taxes of $579,000. During 2018: RJ's book depreciation expense was $25,000 greater than what was allowed for tax purposes due to a reversing difference; RJ accrued $17,750 of warranty expense which is not deductible for tax purposes until 2019; RJ recognized a $29,000 unrealized loss on an investment which is not deductible for tax purposes until the investment is sold; and RJ's book income included municipal bond interest of $19,500. What was RJ Corporation's 2018 income tax expense assuming a tax rate of 40%?
A. $232,500 B. $252,500 C. $215,100 D. $243,800
______ means that the labor law will be increasingly affected by trade agreements and global labor standards.
a. Interest in doing business in China b. Globalization c. The U.S. economic dependency on foreign currency d. Increase in business technology usage
The World Bank's main goal is to ensure the stability of
A) the international monetary and financial system only in developed countries. B) the international monetary and financial system in developing countries. C) the international monetary and financial system in both developed and developing countries. D) only the financial system in both developed and developing countries.
A surety agreement must always be in writing to be effective
Indicate whether the statement is true or false