E-learning generally refers to purely Web-based learning
Indicate whether the statement is true or false
FALSE
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Stockholders elect the board of directors who then appoint the officers of a corporation
Indicate whether the statement is true or false
On October 31, 2021, the bank statement for the checking account of Hollybuster Video shows a balance of $11,570, while the company's records show a balance of $10,858. Information that might be useful in preparing a bank reconciliation is as follows: a. Outstanding checks are $1,120.b. The October 31 cash receipts of $575 are not deposited in the bank until November 2.c. One check written in payment of utilities for $115 is correctly recorded by the bank but is recorded by Hollybuster as a disbursement of $155.d. In accordance with prior authorization, the bank withdraws $500 directly from the checking account as payment on a note payable. The interest portion of that payment is $50 and the principal portion is $450. Hollybuster has not recorded the direct withdrawal.e. Bank service
fees of $50 are listed on the bank statement.f. A deposit of $782 is recorded by the bank on October 13, but it did not belong to Hollybuster. The deposit should have been made to the checking account of Videos Unlimited, a separate company.g. The bank statement includes a charge of $105 for an NSF check. The check is returned with the bank statement and the company will seek payment from the customer. Required: 1. Prepare a bank reconciliation for the Hollybuster checking account on October 31, 2021.2. Record the necessary cash adjustments. What will be an ideal response?
____ works closely with the firm’s master production schedule and considers such variables as lead time in ordering.
a. ERP b. SCM c. MRP d. PERT
The Sarbanes-Oxley Act
A. prohibited corrupt foreign business practices, for example, bribing of foreign government officials. B. levelized import tariffs to prevent fraudulent behavior. C. established strict accounting and reporting rules to make senior managers more accountable and to improve and maintain investor confidence. D. removed barriers in the market among banking companies to prevent unethical insider trading. E. prohibited commercial banks from participating in the investment banking business to prevent unethical lending.