Which of the following is a procedure used in an audit where there is a heightened risk of fraud related to accounts payable and other related expense accounts?
a. Send blank confirmations to vendors that ask them to furnish information about all outstanding invoices, payment terms, and payment histories.
b. Scan journals for unusual or large year-end transactions and adjustments.
c. Obtain and examine documentation for payments of invoices that are for amounts just under the limit that typically requires some level of approval.
d. All the above.
d
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________ refers to measuring and evaluating the results of marketing strategies and plans and taking corrective action to ensure that the objectives are achieved
A) Marketing control B) Marketing implementation C) Satisficing D) Prospecting E) Benchmarking
Presented below are terms preceded by letters a through f and followed by a list of definitions 1 through 6. Match the letter of the terms with the definitions. Use the space provided preceding each definition. (a) Postaudit(b) Capital rationing(c) Profitability index (d) Net present value (e) Cost of capital(f) Annuity______ (1) Used to compare projects when a company cannot fund all positive net present value projects calculated by dividing present value of net cash flows by the initial investment.______ (2) A series of cash flows of equal dollar amount over equal time periods.______ (3) An estimate of an asset's value to the company; computed by discounting the future net cash flows using the company's required rate of return and then subtracting the initial amount
invested. ______ (4) An evaluation of a project's actual results versus its projected results.______ (5) An average of the rate the company must pay to its lenders and investors.______ (6) Finance constraints that limit a company from accepting all positive net present value investments. What will be an ideal response?
Soft capital rationing is imposed by external factors, such as debt covenants.
Answer the following statement true (T) or false (F)
Sweet Treats, Inc, wants to market a new snack food. On the product's label, standard nutrition facts are
a. prohibited. b. required. c. strictly voluntary. d. warranted by the nature of the food.