Recording B/AR/CR event data is generally the responsibility of the accounts receivable department, which for good internal control typically reports to the ______________________________ function.
Fill in the blank(s) with the appropriate word(s).
controller
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On June 30, a company paid a premium of $2,400 for one year of insurance coverage, which started on July 1. The company has a calendar year-end. Which of the following statements about this situation is correct?
A. Prepaid Insurance of $2,400 will be reported on the balance sheet at December 31. B. Insurance Expense of $1,200 will be reported on the income statement for the year ending December 31. C. Prepaid Insurance of $200 will be reported on the balance sheet at December 31. D. On June 30, Cash would be debited for $2,400.
Profit should always be at the heart of a pricing strategy.
Answer the following statement true (T) or false (F)
Hewlett-Packard sells personal computers through specialty computer stores, electronics superstores, and its own Internet site. The marketing mix variable that is being considered here is
A. Price. B. Personnel. C. Promotion. D. Product. E. Place.
Sales & Revenue, Inc,discovers that defamatory statements about its policies and products are being posted in an online forum.TransWebInc, the Internet service provider whose users are posting the messages, refuses to disclose the identity of the person or persons responsible. Sales & Revenuefiles a suit against the anonymous users. The plaintiffcan obtain from TransWeb the identity of the
persons responsible for the defamatory messages by a. using the authority of the court. b. gaining unauthorized access to TransWeb's servers. c. deceivingTransWeb into revealing the posters' identities. d. no legal or illegal means.