What specific internal control procedure would prevent an accounts receivable clerk from issuing a fictitious credit memo to a customer (who is also a relative) for goods that were "supposedly" returned from previous sales?
Credit memo should be authorized after verifying the return of goods based on evidence from the person who received the goods.
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Chicago Co is interested in purchasing a machine that would improve its operational efficiency. The cost is $200,000 with an estimated residual value of $20,000 and a useful life of eight years. Cash inflows are expected to increase by $40,000 a year. The company's minimum rate of return is 10 percent. The present value of $1 for eight years at 10 percent is 0.467, and the present value of an
annuity of $1 at 10 percent and eight years is 5.335. The net present value of the project is a. $74,520. b. $120,100. c. $93,400. d. $22,740.
Using Solver, which constraints should be used if you have a capital investment budget of $2,500,000, projects A and B are mutually exclusive, and project D must be accepted?
a) $D$2:$D$5 = binary; $B$6 <= $B$7; $B$8 <= 1; and $B$9 = 1
b) $B$2:$B$5 = binary; $B$6 <= $B$7; and $B$8 = 1
c) $C$2:$C$5 = binary; $B$6 >= $B$7; $D$6 = 1; and $D$5 = 0
d) $A$2:$A$5 = binary and $B$6 >= $B$7
e) $D$2:$D$5 = binary; $B$6 <= $B$7; $B$8 = 2; and $D$5 = 0
Suppose that you want to change the color of the chart area of a column chart, and the chart area is not selected. Click ____, select the chart area, and edit the color
A) Chart Elements B) Format Chart Area C) Format Selection D) Reset to Match Style
A mutual fund has total assets of $39,333,444 and liabilities of $6,753,789. If there are 11,521,000 shares outstanding, what is the net asset value of the fund?
A) $3.02 B) $3.85 C) $2.83 D) $2.16