Which of the following controls is appropriate for current liabilities? Select one: a. tracking and receiving...
Which of the following controls is appropriate for current liabilities?
Select one:
a. tracking and receiving payments from customers
b. delaying salary payments to employees
c. avoiding payment discounts
d. tracking and paying bills on time
Homework Answers
The answer would be "d", tracking and paying bills on time. Exercising this option will enable the company to avoid creating liabilities and paying off the expenses within the relevant accounting period only.
Add Answer to:
Which of the following controls is appropriate for current
liabilities?
Select one:
a. tracking and receiving...
When preparing a bank deposit which of the following is a best practice? Select one: a....
When preparing a bank deposit which of the following is a best practice? Select one: a. Group all customer payments with the same payment method together in one deposit b. Group customer payments with the payment method of checks and credit card payments in one deposit and group all the cash payment methods in a separate deposit c. Deposit all customer payments one at a time using the Bank Deposit form d. Leave payments in the undeposited funds account To...
soods have been returned the mes the adjustment of the customer's account 37) Upon notification from the receiving...
soods have been returned the mes the adjustment of the customer's account 37) Upon notification from the receiving department that the goods and manager issues an) _.which authorizes the adjustment of the cus A) debt memo B) credit mcmo C) adjusting entry D) bill of lading 38) Which of the following is not one of the controls when customer payments are com with other mail? A) preparing a remittance list as mail is opened B) restrictively endorsing checks when received...
Which of the following does not represent a current liability?
Which of the following does not represent a current liability? Select one: A. Short-term loan B. Accrual of taxes payable C. Bond issue D. Advance payments received from customers
An ideal source of cash to pay immediate monthly bills is: Select one: a. issuing a...
An ideal source of cash to pay immediate monthly bills is: Select one: a. issuing a note payable in five years b. purchase of capital assets c. recent payments by customers of accounts receivable d. payment of dividends to shareholders
Which one of the following will decrease a firm's collection time? Select one: a. Having payments...
Which one of the following will decrease a firm's collection time? Select one: a. Having payments from all locations mailed directly to the head office rather than to local post office boxes. b. Recording payments to customer accounts before depositing the cheques. c. Encouraging customers to use debit cards rather than cheques. d. Assigning a single employee to open the mail and prepare the deposits rather than using a team approach.
Select one: O a. total liabilities + depreciation o b. total liabilities + owners' equity O...
Select one: O a. total liabilities + depreciation o b. total liabilities + owners' equity O c. owners' equity + net income O d. owners, equity + current liabilities O e. total liabilities + net income Free cash flow to equity is the cash available to the entrepreneur and venture investors after all of the following except? Select one a. net cash flows b. operating cash outflows financing and tax cash flows d. investment in assets needed to sustain the...
Which method of recovery incurs the most risk? Select one: a. Fast Tracking b. Crashing c....
Which method of recovery incurs the most risk? Select one: a. Fast Tracking b. Crashing c. All of these d. Project Closure
2. Which of the following scenarios would be closest to a normal distribution? Select one answer...
2. Which of the following scenarios would be closest to a normal distribution? Select one answer and explain why it is the closest to a normal distribution. a. The sampling distribution of the average salary of groups of 50 Starbucks employees randomly selected from California. b. The sampling distribution of the average salary of groups of 5 Starbucks employees randomly selected from California. c. The distribution of the individual salaries of all the Starbucks employees in California. d. The distribution...
20) The Customers List contains information about: A) Customer addresses, contacts and phone numbers B) The...
20) The Customers List contains information about: A) Customer addresses, contacts and phone numbers B) The quantity of non-inventory parts on hand C) Vendors from whom the company buys products and services D) The credit rating of the vendors Wrede viCES 25) To record receiving a bill for services to be paid at a later time, use the following: A) Invoice > Enter Bills > Pay Bills B) Purchase Order > Receive Payment > Deposit C) Invoice > Receive Payment...
Which of the following statements are true? Select all that apply A Basis spread is the...
Which of the following statements are true? Select all that apply A Basis spread is the rate differential added to the lower of two floating rates in a swap. B The present value of floating rate payments in a swap, at initiation, is always 1. C If you are paying a fixed interest rate and receiving a stock's return in a swap, and the stock's return is negative, you have to pay more than the interest payment to the other...
soods have been returned the mes the adjustment of the customer's account 37) Upon notification from the receiving department that the goods and manager issues an) _.which authorizes the adjustment of the cus A) debt memo B) credit mcmo C) adjusting entry D) bill of lading 38) Which of the following is not one of the controls when customer payments are com with other mail? A) preparing a remittance list as mail is opened B) restrictively endorsing checks when received...
Select one: O a. total liabilities + depreciation o b. total liabilities + owners' equity O c. owners' equity + net income O d. owners, equity + current liabilities O e. total liabilities + net income Free cash flow to equity is the cash available to the entrepreneur and venture investors after all of the following except? Select one a. net cash flows b. operating cash outflows financing and tax cash flows d. investment in assets needed to sustain the...
20) The Customers List contains information about: A) Customer addresses, contacts and phone numbers B) The quantity of non-inventory parts on hand C) Vendors from whom the company buys products and services D) The credit rating of the vendors Wrede viCES 25) To record receiving a bill for services to be paid at a later time, use the following: A) Invoice > Enter Bills > Pay Bills B) Purchase Order > Receive Payment > Deposit C) Invoice > Receive Payment...
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