Which of the following control activities would best protect against the preparation of improper or inaccurate cash disbursement?
1. all checks must be signed by an officer designed by the board of directors.
2. all signed checks must be reviewed and compared to supporting documents by the treasurer before mailing.
3. all checks must be sequentially numbered and accounted for by the internal auditors.
4. all checks must be perforated or otherwise effectively canceled when they are returned from the bank.
Answers: 3
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If the findings and the results are not presented properly, the research completed was a waste of time and money. true false
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Lucido products markets two computer games: claimjumper and makeover. a contribution format income statement for a recent month for the two games appears below: claimjumper makeover total sales $ 30,000 $ 70,000 $ 100,000 variable expenses 20,000 50,000 70,000 contribution margin $ 10,000 $ 20,000 30,000 fixed expenses 24,000 net operating income $ 6,000 required: 1. compute the overall contribution margin (cm) ratio for the company.. 2. compute the overall break-even point for the company in dollar sales. 3. complete the contribution format income statement at break-even point for the company showing the appropriate levels of sales for the two products. (do not round intermediate calculations.)
Answers: 1
Which of the following control activities would best protect against the preparation of improper or...
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