An imprest fund has a credit balance at all times, which equals the sum of ▼ accounts receivable cash in the bank cash in the fund deposits in transit plus the ▼ check stubs credit memos total of the tickets that support payments from the fund. the internal control feature of an imprest fund is that it ▼ clearly debits clearly identifies decreases increases the amount of money for which the fund custodian is responsible.

Slimwood corporation made sales of $ 725 million during 2018. of this amount, slimwood collected cash for $ 670 million. the company's cost of goods sold was $ 300 million, and all other expenses for the year totaled $ 400 million. also during 2018, slimwood paid $ 420 million for its inventory and $ 285 million for everything else. beginning cash was $ 110 million. carter's top management is interviewing you for a job and they ask two questions: (a) how much was carter's net income for 2018? (b) how much was carter's cash balance at the end of 2016? you will get the job only if you answer both questions correctly.