How is independent verification carried out in a manual revenue system?
Independent verification occurs in several departments as part of the sales order processing system. The shipping department verifies that the goods released by the warehouse for shipment, as shown on the stock release document, match the packing slip. Billing compares the shipping notice with the invoice to be sure customers are billed only for goods shipped. And general ledger reconciles the journal vouchers prepared by billing, inventory control, cash receipts, and accounts receivable. This reconciliation focuses on a match between what was ordered, what was removed from the stockroom, what was shipped, what was billed, cash received, and credit to the customer account.
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The project baseline is established by combining data from the:
A) Work breakdown structure and the project budget. B) Time-phased project budget and the PERT chart. C) S-curve and the project budget. D) Time-phased project budget and the work breakdown structure.
A finished product containing non-North American materials will still be eligible for NAFTA tariff rates, if the non-North American materials:
a. represent less than 7 percent of the total cost of the product. b. amount to less than 15 percent of the product's customs value. c. originate in a country that has a reciprocity agreement with NAFTA countries. d. represent less than 12 percent of the total cost of the final product.
A desirable health insurance plan should cover what?
A) No more than 70% of hospital expenses, since this will keep the costs down B) No more than 10 days hospital stay, since nobody gets to stay in the hospital longer than that anyway C) All out of pocket expenses, including copayments, since there is no point in purchasing insurance the policy owner still has to pay D) At least 80% of out-of-hospital expenses and not impose any unreasonable exclusion E) At least $10 million lifetime, since people are living longer with high medical costs
The following sentences may have misspelled words or incorrect punctuation. Make all corrections that are needed. If a sentence is correct as it is now written, write "Correct" by it
Lexington, Kentucky is a beautiful city.