21. What are bad debts? a debts from credit sales that cannot be collected b) debts that are not collected by the end of a business's cycle c) amounts from invoices that have not been sent out yet d) amounts due from credit sales 22. The purpose of Internal Control is a) b) c) d) to monitor and control business activities, protect assets, promote efficient operations, reliable accounting, and adherence to company policies to guarantee loss prevention to prevent the government from stealing from a business all of the above 28. Name 4 principles of Internal Control 24. Why would the handling of cash be separate from the recordkeeping? 25. Name 2 benefits of technology in Internal Control 26. Define cash equivalents 27. What is the formula for calculating interest? 28. What is book valueP