Which of the following is a weak internal control over cash collections from receivables?
A) The credit department should have no access to cash.
B) A credit department should evaluate customers' credit applications to determine whether they meet the company's approval standards.
C) A company should have written approval standards for processing customers' credit applications.
D) In order to avoid losing sales, all customers' credit applications should be approved.
D) In order to avoid losing sales, all customers' credit applications should be approved.
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A 2-for-1 stock split will have the same effect on the number of shares outstanding as a 200 percent stock dividend
Indicate whether the statement is true or false
By choosing an organization (and therefore the people we work with), we establish what type of world-altering strategy?
a. Increasing positive cues b. Removing negative cues c. Attention focusers d. Reminders
The strategy for improving service productivity that customizes at delivery, rather than at production, is ________
Fill in the blanks with correct word
Posson Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on 20,000 machine-hours, total fixed manufacturing overhead cost of $130,000, and a variable manufacturing overhead rate of $3.00 per machine-hour. Job K789, which was for 10 units of a custom product, was recently completed. The job cost sheet for the job contained the following data:?Total machine-hours30?Direct materials$775?Direct labor cost$1,170Required:a. Calculate the predetermined overhead rate for the year.b. Calculate the amount of overhead applied to Job K789.c. Calculate the total job cost for Job K789.d. Calculate the unit product cost for Job K789.
What will be an ideal response?