Question
Variable cost per unit does not change when the number of units produced increases. increases when the number of units produced increases. decreases when the
Variable cost per unit
does not change when the number of units produced increases. | ||
increases when the number of units produced increases. | ||
decreases when the number of units produced decreases. | ||
decreases when the number of units produced increases. |
If a company has received a payment from a customer, then
the cash account debits will exceed the cash account credits. | ||
accounts receivable would be debited. | ||
its cash account will be debited. | ||
its cash account will be credited. |
The owner of DTails Dog Wash and Spa just hired an office manager to handle all the office functions for him. Among other responsibilities, the office manager will handle key accounting functions such as processing customer payments, writing cheques to employees to pay the payroll, handle daily bank deposits at the bank, pay suppliers, and reconcile the company bank account bank reconciliations. What internal cash control practice is being overlooked by the owner?
Making daily cash deposits. | ||
Ensuring all cash disbursements are tracked by making payments by cheque. | ||
Separation of cash payment from cash disbursement function. | ||
Frequent preparation of bank reconciliations. |
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