Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
The following list presents various internal control strengths (S) or risks (R) that may be found in a company revenues and cash collection processes.Credit is authorized by the credit manager.Checks paid in excess of $5,000 require the signatures of two authorized members of management.A cash receipts journal is prepared by the Treasurer department.Collections received by check are received by the company receptionist, who has no additional recordkeeping responsibilities.Collections received by check are immediately forwarded unopened to the accounting department.A bank reconciliation is prepared on a monthly basis by the Treasurer department.Security cameras are placed in the shipping dock.Receiving reports are prepared on pre-printed, numbered forms.The billing department verifies the amount of customer sales invoices by referring to the authorized price list.Entries in the shipping log are reconciled with the sales journal on a monthly basis.Payments to vendors are made promptly upon receipt of goods or services.Cash collections are deposited in the bank account on a weekly basis.Customer returns must be approved by a designated manager before a credit memo is prepared.Account statements are sent to customers on a monthly basis.Purchase returns are presented to the sales department for preparation of a receiving report
The allowance for uncollectible accounts currently has a credit balance of $200. The company's management estimates that 2.5% of net credit sales will be uncollectible. Net credit sales are $115,000. What will be the amount of allowance for uncoll..
What is the expected postretirement benefit obligation at the end of 2013? When was the employee hired? What is the expected postretirement benefit obligation at the beginning of 2013?
The unassembled bikes are sold to retailers at $400 each. Prepare an incremental analysis for n the sell-or-process further decision
cash flows during the first year of operations for the harman-kardon consulting company were as follows cash collected
the accounting profession follows a set of guidelines for measurement and disclosure of financial information called
kathy myers frequently purchases stocks and bonds but she is uncertain how to determine the rate of return that she is
it is may 1st 2015 and you need to find the present of a cash stream that is 1 at the end of the 1st month but doubles
alberta gauge company ltd. a small manufacturing company in calgary alberta manufactures three types of electrical
A.are reported as current assets B.include cash equivalents C.do not include equity securities D.all of the above
moss county bank agrees to lend the sadowski brick company 200000 on january 1. sadowski brick company signs a 200000 6
a company has a minimum required rate of return of 9. it is considering investing in a project that costs 75000 and is
byte computer company a manufacturing organization has just completed an order the grater ltd. placed for 80 computers.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd