I am really struggling. Any help greatly appreciated.
Match the accounting concept to the appropriate situation.
(Points : 1)
For each of the following situations identify the internal control activity that is being implemented.
(Points : 1) Marso Legal Services offers clients a variety of legal services. Some clients pay Marso a monthly retainer while others are billed
as services are rendered. Identify each of the following revenues as variable fixed or mixed.
(Points : 1) : Fixed Revenue
: Variable Revenue
: Mixed Revenue
Duckworth is a manufacturing firm that makes ping-pong paddles. Each ping-pong paddle consists of a handle a
wooden paddle and a rubber backing for the wooden paddle. As the paddles progress through the assembly process workers attach the
handles and glue on the rubber backing. Identify each of these costs as variable fixed or mixed.
(Points : 1) : Variable Cost
: Fixed Cost
: Mixed Cost
The following items are measurements used in the balance scorecard approach. Identify the perspective each item would be used to measure.
(Points : 1)which of the following reflects a weakness in the internal control for cash? (Points : 1)
Cash registers generate receipts that document the cash sale then it is given to the customer.
Only one employee has access to a cash register in order to reduce chance of theft.
Employee writing out a check must get authorization before the check is sent out.
The employee receiving cash in the mail makes out the deposit ticket deposits the cash and records the deposit in the
accounting records.