A company receives $360 for a sale, of which $20 is for sales tax. The journal entry to record the sale is:
A) Sales Tax Expense 20Cash 340Sales 360
B) Cash 340Sales 340
C) Cash 360Sales 360
D) Cash 360Sales Tax Payable 20Sales 340
D
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The most common of all techniques used to investigate and resolve fraud is:
a. Interviewing b. Auditing c. Arbitration d. Invigilation
Once a duty is delegated, it relieves the delegator of his or her own liability to perform the contract
a. True b. False Indicate whether the statement is true or false
The purpose of requiring the filing of fictitious business names is to allow the public to know the
true owner of businesses operating under fictitious names. Indicate whether the statement is true or false
Allocating too little capacity results in
A) good responsiveness if demand is not satisfied or low cost if demand is filled from a distant facility. B) good responsiveness if demand is not satisfied or high cost if demand is filled from a distant facility. C) poor responsiveness if demand is not satisfied or low cost if demand is filled from a distant facility. D) poor responsiveness if demand is not satisfied or high cost if demand is filled from a distant facility.