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. Cash register tapes are picked up daily by an employee from the accounting department
a. Adheres to sound internal control procedures
b. Violates sound internal control procedures
c. Neither strengthens nor violates internal control
a
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How can price be used as a strategic variable to achieve specific financial goals? Under what conditions should skimming or penetration pricing be adapted as strategy?
What will be an ideal response?
Private-label brands benefit retailers but not customers.
Answer the following statement true (T) or false (F)
Negative customer comments appearing on a forum that a firm owns
A) usually result in a firm suing the commenter for defamation. B) immediately draw the attention of government regulators. C) are mostly fake messages designed to build attention. D) place the firm in an ethical predicament over how to treat the comments. E) are usually expunged before other participants can see them.
When the contract rate of a bond is greater than the market rate on the date of issuance, the bond sells at a discount.
Answer the following statement true (T) or false (F)