Which of the following is not an internal control activity for cash?
A) Unannounced audits of cash on hand should be made occasionally.
B) The number of persons who have access to cash should be limited.
C) The functions of recordkeeping and keeping custody of cash should be combined.
D) All cash receipts should be recorded promptly.
C
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A company has an operating income of $20 million and total fixed expenses of $10 million. 5 million units are produced at a margin of $6 per unit
What should the margin per unit be if the company needs to achieve a break-even volume for the same number of units? A) $1 per unit B) $2 per unit C) $3 per unit D) $4 per unit E) $5 per unit
One of the interpersonal citizenship behaviors is
A. voice. B. boosterism. C. civic virtue. D. sportsmanship. E. charity.
Radio has evolved into a primarily local advertising medium.
Answer the following statement true (T) or false (F)
Jerry has a property insurance policy on a building that would cost $200,000 to replace. His insurance policy is written on an actual cash value basis. His building suffers fire damage that has a replacement cost of $50,000
The building is 2 years old, with an estimate useful life of 20 years. How much will he collect for the fire damage? A) $5,000 B) $10,000 C) $25,000 D) $45,000