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. A single employee in the mailroom opens the mail, counts the money received, and prepares a control list of the amount received
a. Adheres to sound internal control procedures
b. Violates sound internal control procedures
c. Neither strengthens nor violates internal control
b
You might also like to view...
Paula Hillison sells a line of copy machines that feature a "quick change" toner cartridge. The empty toner cartridge can be replaced quickly, without any mess, in a matter of seconds
Which of the following statements represents the most effective presentation of this feature? A) "We have recently developed the only office copy machine that features a quick change toner cartridge." B) "After years of research and development, our engineers have developed a quick change toner cartridge." C) "If you purchase one of our copy machines, you will enjoy the benefits of a quick change toner cartridge." D) "All of our copy machines are equipped with a quick change toner cartridge, which means you no longer waste time replacing an empty toner cartridge." E) "We have set a new industry standard with the quick change toner cartridge."
Explain the factors that lead to a proxy contest. What is its outcome?
What will be an ideal response?
An easement by prescription arises when ________
A) one openly uses a portion of another's property for a statutory period of time B) a piece of property is divided and, as a result, one portion is landlocked C) the landowner expressly agrees to allow the holder of the easement to use the land in question D) the landowner transfers possessory interest for an agreed-upon period
A work center has five jobs assigned to it. They are labeled, in the order of their arrival in the shop, as jobs A, B, C, D, and E. The work center may work on only one job at a time and must complete any job it starts before starting another job. Job A has a processing time of 6 days and is due to the customer in 9 days. Job B has a processing time of 2 days and is due in 16 days. Job C has a processing time of 4 days and is due in 10 days. Job D has a processing time of 3 days and is due in 7 days. Job E has a processing time of 5 days and is due in 12 days. Using the slack time remaining priority rule, what will be the average lateness of these orders?
Fill in the blank(s) with the appropriate word(s).