At Cadmia Services, the cashier collects checks and cash from customers, and the junior accountant records the transactions in the journal. The controller approves the journal entries and bank reconciliations
The treasurer signs checks and approves contracts.
Which internal control procedure is exemplified in the above situation?
A) assignment of responsibilities
B) competent, reliable, and ethical personnel
C) separation of duties
D) documents
C
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The selling division would never agree to a transfer price below its full manufacturing cost
Indicate whether the statement is true or false
When their baby was ready to head off to college, the beleaguered parents pulled out the college folder from their file cabinet and added up the cost of putting their first child through college from 1995-2000
The mother whimpered as she factored in the rising cost of tuition, fees, books, and inflation by multiplying the total by 2.5. The father felt a searing pain go through his chest as he saw the total, knowing full well that their cost estimation approach, called: A) An order of magnitude estimate, was highly accurate. B) Parametric estimation, was highly accurate. C) Feasibility estimation, was highly accurate. D) Definitive estimation, was highly accurate.
In the basic EOQ model, if D = 40 per month, Co = $9, and Cc = $8 per unit per month, what is the EOQ?
What will be an ideal response?
Which of the following is not an EC service?
A) e-partnership management B) e-infrastructure C) e-process D) e-markets