Which is not a key element of internal control over cash receipts?
A) daily recording of all cash receipts in the accounting records
B) daily entry in a voucher register
C) immediate counting by the person opening the mail or using the cash register
D) daily bank deposits
B
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A company has beginning inventory of 15 units at a cost of $12 each on October 1. On October 5, it purchases 10 units at $13 per unit. On October 12 it purchases 20 units at $14 per unit. On October 15, it sells 30 units. Using the FIFO periodic inventory method, what is the value of the inventory at October 15 after the sale?
A. $590 B. $210 C. $160 D. $380 E. $140
Which of the following would NOT be true of a homogeneous team compared to heterogeneous groups?
a. members are more likely to feel included b. there are fewer misunderstandings because of the way things are communicated c. they may have less creativity d. they do not have conflicts due to common values and backgrounds
The annualized percentage rate (APR) of a home purchase mortgage may be larger than the interest rate stated in the note if_________are paid by the borrower to the lender
Fill in the blank(s) with correct word
Which of the following is an example of an equal employment opportunity regulation that prohibits sex- and race-based differences in employment outcomes such as pay, unless justified by business necessity?
A. 2009 Lilly Ledbetter Fair Pay Act B. Equal Pay Act of 1963 C. Mann Act D. Taft-Hartley Act E. Title VII of the Civil Rights Act