Question: The order entry system will allow a 10 percent variation in list price. For example, an item with a list price of $1 could be

The order entry system will allow a 10 percent variation in list price. For example, an item with a list price of $1 could be sold for 90 cents or $1.10 without any system interference. The cost of the item is $3 but the cashier entered $2. Which control would detect this error?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

The order entry system will allow a 10 percent variation in list price. For example, an item with a list price of \($1\) could be sold for 90 cents or \($1.10\) without any system interference. The...

Q:

Question 1 Although Kyrie's job title at a local car dealership is "sales director," in reality, all car deals must be approved by the dealership's owner. One day, Kyrie exceeded her authority and...

Q:

Need help with the transaction set. Journal & ledgers ASAP OPERATING INSTRUCTIONS Introduction After you register for Seaside Marina, you will receive an email from Ivy Software containing three...

Q:

INTRODUCTION The information below will allow you to prepare the 2012 federal tax return for Bill and Joyce Schnappauf. The information is provided in three phases, which correspond to the three...

Q:

INTRODUCTION The information below will allow you to prepare the 2012 federal tax return for Bill and Joyce Schnappauf. The information is provided in three phases, which correspond to the three...

Q:

INTRODUCTION The information below will allow you to prepare the 2012 federal tax return for Bill and Joyce Schnappauf. The information is provided in three phases, which correspond to the three...

Q:

INTRODUCTION The information below will allow you to prepare the 2012 federal tax return for Bill and Joyce Schnappauf. The information is provided in three phases, which correspond to the three...

Q:

For the project, Students should read Chapter 19 and then write a short Chapter Summary, T he world is a giant shopping mall, and Americans are big spenders. For example, the U.S. population is less...

Q:

For the project, Students should read Chapter 19 and then write a short Chapter Summary, T he world is a giant shopping mall, and Americans are big spenders. For example, the U.S. population is less...

Q:

I attached my assignment. can someone please help me Joyce writes childrens books for a variety of publishers. She has been selfemployed since 2007. As a freelance writer, Joyce incurs costs...

Q:

Dried Fruit Corp. has had a valid S Corp election in effect at all times since its incorporation. The Dried Fruit Corp. stock is owned one-third by Raisin and two-thirds by Prune. All shareholders...

Q:

Find the derivative of f(x) w.r.t. 'x': f (x) = x- 2x f'(x) = (1-x)? - 2x f'(x) (x2- 1)2 2x f'(x) = 1-x2 P f'(x) = 1+

Q:

BE12.8 (LO 1) Henning plc sells its products to Len Taylor, a private individual, for 5,000. The sale is subject to a VAT of 15%. Prepare the journal entry to record the sale by Henning.

Q:

Where are final formal rules published? Multiple Choice Federal Supplement United States Reports Federal Register United States Code

Q:

I know the person. We go back a long time. No way do I want to complain to my friend.

Q:

Th e last time I complained, nothing happened.

Q:

Th ey could have made my situation worse.