<u>Answer:</u> Option 1 A record lookup for vendors during data entry.
<u>Explanation:</u>
Programmers will have the access to change the programs and data files in order to correct the errors. Vendor invoice is the document which shows the amount owed by the receiver to the supplier. On receiving the invoice it has to be uploaded using the accounting software and schedule the payment accordingly.
When data entry is done it is easy to find the errors in the system. The non sense characters in the payee field can be detected using the data entry. So data entry is considered to be the most effective programmed control.
Increased Differentiation is competitive position by increasing the differentiation of their product and service offerings.
What is Increased Differentiation?
The key characteristic(s) that set one company's goods or services apart from those of its rivals are referred to as that company's products. Successful product diversification increases sales and customer loyalty.
A product differentiation strategy includes identifying and outlining a company's or product's distinctive features as well as the most critical distinctions between it and its rivals. Creating a strong value proposition and unique selling concept for a product or service is essential to making it appealing to a target market or audience.
If done successfully, product diversification might provide the product's seller a competitive edge and eventually increase brand recognition. The quickest high-speed Internet connection and the most cost-effective electric car on the market are two instances of different commodities.
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TRUE-
<span>If all bloops are razzies, you can put the bloops entirely inside the razzie set, and if all razzies
are lazzies you can safely put the razzie blob entirely inside the
lazzie set. It makes the whole thing a lot easier to visualize.</span>
Answer:
Which inventory method reflects the most recent costs of inventory on the balance sheet?
LIFO
What implications might this have that would be relevant for users of the financial statements to know?
This will mean that the profitability ratios will be smaller under LIFO .
The profitability ratios include profit margin, return on assets, and return on stockholders' equity.
Explanation:
LIFO, the most recent costs of products purchased (or manufactured) are the first costs to be removed from inventory and matched with the sales revenues reported on the income statement. This means that the oldest costs remain in inventory.
