For strong internal control system over cash, it is important to have the duties related to cash receipts and cash payments divided among different employees
Indicate whether the statement is true or false
True
You might also like to view...
The closing stock price of MNM Corporation for the last 7 trading days is shown below. Day Stock Price 1 24 2 27 3 24 4 28 5 25 6 30 7 31 ? The variance is
A. 2.828. B. 2.618. C. 8. D. 6.857.
Cabela's stores are as much natural history museums for outdoor enthusiasts as they are retail outlets. This information indicates that Cabela's is practicing ________
A) wholesaling B) nonstore retailing C) shopper marketing D) experiential retailing E) showrooming
What is the relationship between team success and organizational context?
a. Successful teams change the organization and create their own context. b. Organizational context is not one of the main determinants of team success. c. The organization’s feedback and reward system is an important part of a team’s organizational context. d. Supportive organizational cultures promote open communication and give power and responsibility to the manager.
Ellicott City Manufacturers, Inc., has sales of $6,344,210, and a gross profit margin of 67.3 percent. What is the firm's cost of goods sold?
A) $2,074,557 B) $2,745,640 C) $274,560 D) None of the above