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:

After invoicing a regular customer, PaintPros realizes that it billed the customer for prep work that was supposed to be free per the estimate. How should a credit memo be created for this customer? Select an answer: Apply the credit memo to the overbilled invoice and send the customer a check. Apply the credit memo to any open invoice by selecting Receive Payment. Apply the credit memo to the customer's most recent payment and send the customer a refund.

A receiving report is filled out when we receive: An inventory shipment from a vendor. Items that a customer is authorized to return from a previous sale. A payment on a customer's account. a and b only. Answer is not the First option!

Is it properly segragated? If no explain the reason why.

Which of the following procedures is least effective in preventing the purchasing agent from receiving kickbacks?   a. Prenumbering and periodically accounting for all purchase orders     b. Requiring purchasing agents to disclose any financial investments in potential suppliers     c. Requiring approval of all purchase orders     d. Maintaining a list of approved vendors and requiring all purchases to be made from vendors on that list

In the case of sales where the customer is billed before delivery of the goods, the seller should always recognize revenue before the products are delivered to the customer.   the goods belong to the customer and revenue recognition is deferred until delivery.   the seller may recognize revenue if control of the goods has been transferred to the customer even though physical delivery has not taken place.   revenue will not be recognized until the goods are shipped to the customer.

If one of NetSolution's customers returns some merchandise that had been purchased on account (accounts receivable), NetSolutions will inform the customer that the return has been authorized as indicated by a _______ memo. Group of answer choices credit memo debit memo sales return memo sales memo

Why does billing receive a copy of the sales order when the order is approved but does not bill until the goods are shipped?

What is the reason for ensuring that every copy of a vendor's invoice has a receiving report? O To ascertain that merchandise billed by the vendor was received by the company. O To ascertain that merchandise received by the company was billed by the vendor. O To ascertain that the invoice was correctly prepared. O To ascertain that a check was prepared for every invoice.

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