Which test of controls will provide evidence that the system as originally implemented was free from material errors and free from fraud? Review of the documentation indicates that

a. a cost-benefit analysis was conducted
b. the detailed design was an appropriate solution to the user's problem
c. tests were conducted at the individual module and total system levels prior to implementation
d. problems detected during the conversion period were corrected in the maintenance phase


C

Business

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Hardwood Flooring Company buys a building for $115,000, paying $30,000 cash and signing a 30-year mortgage note for $85,000 at 11% annual interest. The payments will be made in equal monthly installments of $809.

. Prepare the journal entry for the first monthly payment. (Round your answers to the nearest whole dollar number.) Omit explanation.

Business

Lipps Company manufactures custom-designed medical equipment for paramedic units. In May 2010, the company incurred the following costs of quality: Product design costs $ 8,600 Product recall costs 5,200 Product simulation costs 13,500 Product testing costs 3,500 Product warranty claims 2,000 Scrap and rework costs 3,000 Total quality costs of conformance for May were

a. $27,600. b. $11,600. c. $25,600. d. $22,100.

Business

The _____________ in the area ties into the concept of supply and demand.

A. unemployment rate B. graduation rate C. production rate D. longevity rate E. crime rate

Business

What is a major organization associated with training and development functions?

A. REME B. ATD C. TRDV D. ALPH E. MBER

Business