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What are the most critical threats that credit sales and cash collection present to the revenue cycle of a business? What controls could be used

  1. What are the most critical threats that credit sales and cash collection present to the revenue cycle of a business? What controls could be used to neutralize these threats?
  2. Compare MRP, JIT, and EOQ. Describe similarities as well as differences.
  3. Explain how activity-based costing (ABC) works. What are the main benefits of such a system?
  4. What are the main merits of XBRL for engaging continuous reporting?

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