A seller, pleased with the performance of a listing salesperson, wants to give the salesperson a $500 gift certificate. The salesperson does not have written authorization of the broker. In this situation, the salesperson MUST:

Required: A sales invoice typically includes the date of sale, salesperson, customer data, items included in the sale, and amount. Which foreign keys should be added to the following table to link all of these data elements? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) Sales Table Invoice# Date Amount S-101 10/05/2021 2549.90 S-105 11/01/2021 949.95 S-107 11/02/2021 1209.70 S-108 11/06/2021 699.90 ?Salesperson # ? Customer # ? Receipt # ? Inventory # ? Remittance Advice # ? Sales # ?Cashier # ?Cash

If a customer pays with a credit card and the service has been provided, which of the following accounts will be used to record the sales entry for this transaction? A. Cost of Goods Sold, Merchandise Inventory, Sales Revenue B. Sales Revenue, Credit Card Expense, Accounts Receivable C. Accounts Receivable, Merchandise Inventory, Credit Card Expense D. Cost of Goods Sold, Credit Card Expense, Sales Revenue

Customer sales should only be recorded using _____.

Looking for Auction Fraud: Go to any auction site and try to identify whether there are any sellers you think might be fraudulent. Write a brief paper explaining what about a particular seller indicates that he may not be dealing honestly

Describe the purpose of a purchase order by selecting the correct statement(s) below. (Check all that apply.) A purchase order is a document the purchasing department uses to place an order with a vendor. Multiple copies of the purchase order are distributed to other departments to increase internal control of company pu A purchase order authorizes a vendor to ship ordered merchandise at a stated price and terms. A purchase order is a bill received from the vendor that reflects the amount owed by the buyer.

In a good internal control​ system, which of the following sets of documents is required for proper approval of a payment to a​ supplier?         A. a journal​ entry, a supplier​ invoice, and a description of the goods being purchased   B. a supplier​ invoice, a bill of​ lading, and the​ supplier's financial statements   C. a purchase​ order, a journal​ entry, and a price catalog   D. a receiving​ report, an​ invoice, and a purchase order

Which of the following statements concerning internal control procedures for merchandise sales is not correct? a.Accounting for a sale begins with the receipt of a purchase order or some similar document from a customer. b.Shipping and billing documents are prepared based on the order document. c.A sale and its associated receivable are recorded only when the order, shipping, and billing documents are all present. d.The order document is not necessary for the buyer to be obligated to accept and pay for the ordered goods.

Which one of the following statements best describes the purpose of a goods despatched note? A It is issued by a customer returning faulty goods to their supplier. It is issued by a customer to their supplier and specifies the quantity and type of goods they require to be despatched. В It is issued by a supplier to their customer and specifies the quantity and type of goods delivered to that customer. C It is issued by a supplier to their customer and specifies what goods will be provided to them at a specified future date.

Which of the following are examples of preventive controls? Select all that apply. O account coding on purchase orders is checked by the computer using a table of valid account numbers computerized accounting system will not allow a sale to be processed if a customer has exceeded its credit limit O quarterly review of credit balances in accounts receivable for reasonableness O sales manager reviews daily shipments, total sales, and sales per unit shipped O sales invoices are priced automatically using a master pricing file