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gulaghasi [49]
4 years ago
5

As a part of the internal control over cash receipts by​ mail, the mailroom sends both the customer checks and the remittance ad

vices to the accounting department.
a) true
b) false
Business
1 answer:
Vitek1552 [10]4 years ago
4 0

Answer: False

Explanation:

From the question, we are informed that as a part of the internal control over cash receipts by​ mail, the mailroom sends both the customer checks and the remittance advices to the accounting department. This is not true.

It should be noted that the customer checks and the remittance advices are sent to the cashier and not the accounting department

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True

Explanation:

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3 years ago
The Lime Corporation has obtained the following sales forecast data:
mojhsa [17]

Answer:

b. $248,000

Explanation:

The computation of the cash receipts for October would be

Particulars             October

Cash sales            $60000

August credit Sales $22000 (10% of $220,000)  

September Credit Sales $126000 (70% of $180,000)  

October credit Sales $40000 (20% of $200,000)

Budgeted cash receipt   $248000

Hence, the correct option is b.

8 0
3 years ago
If Melissa decides to sell the best ice cream on earth, and intends to establish a strong ethical climate in her organization, d
vekshin1

Answer:

planning stage of marketing cycle                              

Explanation:

The planning stage is that when the operation proposals are recorded, the project deliver-ability and specifications are determined, and the timetable for the program is set. It means creating a set of policies to help direct your team through the stages of project application and completion.

To put it another way, project preparation applies to all you do to set up your project for success. It's the phase you're going through to determine the steps needed to establish your project priorities, describe the scope of what needs to be done and build the task list to do that.

8 0
4 years ago
The Yurdone Corporation wants to set up a private cemetery business. According to the CFO, Barry M. Deep, business is "looking u
olasank [31]

<u>Solution and Explanation:</u>

Answer 1  The Net present value = the Present value of all the cash inflows minus the present value of all the cash outflows

$=145000 /(11 \text { percent minus } 4 \text { percent })-1900000$

= $171428.57

Answer a-2) yes, definitely the business should be started as the net present value is positive.

Answer b) Break even growth rate = the required rate – Cash flows / investment

=11 \%-145000 / 1900000

= 3.37 percent.

5 0
3 years ago
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grigory [225]

To be useful for decision making, information must possess the fundamental qualities of relevance and reliability.

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In a company, information is essential for decision making, significantly compromising the positioning of a business. In order to be relevant and reliable, the information must be based on organizational facts, such as accounting records, which demonstrate the real financial situation of the business, and allow decision-making more aligned with the company's needs.

Therefore, there is also an information system that assists in the processing of a large volume of data, the Decision Support Systems, which, being based on knowledge, are able to provide information based on standards and organizational objectives, being an important support to management decision making today.

Find out more about Information System here:

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6 0
2 years ago
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