After all postings have been made, the total of the schedule of accounts receivable should equal
A. the balance in the Accounts Payable account in the general ledger.
B. the balance of the Accounts Receivable account in the general ledger.
C. the balance of the Sales account.
D. the total of all sales on account for the accounting period.
Answer: B
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Which statement is not true about the report preparation and presentation process?
A) The findings should be presented in such a way that they can be used directly as input into decision making. B) Conclusions should be drawn but recommendations should not be made. C) The researcher should assist the client in understanding the report. D) The researcher should assist the client in evaluating the research process in retrospect.
Which one of the following would never be considered a cash equivalent?
A) U.S. Treasury bills B) Corporate commercial paper C) Money market funds D) Common stock issued by a corporation
The UCC requires the seller to use a commercially reasonable substitute manner of delivery if
the agreed-upon manner becomes unavailable or fails. Indicate whether the statement is true or false
In order to reap the greatest return from the online channel for physical goods, firms should
A) maximize the return for each distinct supply chain member. B) minimize interactions between the buyer and the other supply chain members. C) integrate it with their existing supply chain networks. D) ensure that they have total ownership of the supply chain.