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. An employee in the accounting department records cash receipts from customers and prepares a bank deposit slip
a. Adheres to sound internal control procedures
b. Violates sound internal control procedures
c. Neither strengthens nor violates internal control
b
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Under the direct method, which one of the following would represent cash paid?
A) gains on sales of plant assets B) losses on sales of plant assets C) depreciation expense, adjusted for changes in depreciation methods D) interest expense, adjusted for changes in interest payable and amortization of bond premium or discount
The family life cycle shows _____
a. families which share a distinctive heritage b. how a typical family evolves from bachelorhood to children to solitary retirement c. the extent to which groups influence a person's thoughts and actions d. the ranking of people within a culture
________ ________ is the single most effective approach for establishing and developing a personal relationship with the customer.
Fill in the blank(s) with the appropriate word(s).
Which of the following describes class A networks?
A. Many networks, each with a few hosts B. Medium number of networks, each with a medium number of hosts C. Few networks, each with many hosts D. A dedicated network, with a set number of hosts