A company using a centralized database approach might not maintain a relational table for ACCOUNTS RECEIVABLE. Rather, accounts receivable balances at any point in time could be computed as the difference between the relations for which of the following continuous events?
A. SHIPMENTS and SALES_INVOICES
B. SALES_INVOICES and CASH_RECEIPTS
C. SHIPMENTS and CASH_RECEIPTS
D. CUSTOMER and SALES_INVOICES
Answer: B
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The cash flow from operations to capital expenditures ratio measures a company's ability to
a. use operations to finance its acquisitions of productive assets. b. use cash flows from capital expenditure transactions to maintain working capital. c. increase its capital expenditures as a result of profitable operations. d. pay its current bills from profits made using productive assets.
Why is it important to understand the drawbacks of technology in the workplace?
a. to learn to avoid electronic communication whenever possible b. to understand that misinterpretation, employee surveillance, and information overload can hinder your professional excellence c. to make sure that no one has access to your personal information d. to create a workplace culture that is not greatly influenced by electronic communication
When manufacturing overhead is applied to production, it is added to:
A. the Raw Materials account. B. the Cost of Goods Sold account. C. the Work in Process account. D. the Finished Goods inventory account.
Misappropriation of assets can involve various schemes: expense reimbursement fraud, lapping, and payroll fraud. Explain each and give an example