The accounts payable clerk for manufacturing company receives a purchase order copy for raw materials from the purchasing agent. the clerk files the po in a temporary file and awaits the vendor’s invoice before setting up a liability. a week later the clerk receives the vendors invoice, reconciles it with the po, posts the liability to the ap subsidiary ledger, and establishes a due date for payment. on the due date the clerk prepares a check for the invoiced amount and mails the check to the vendor. the ap clerk then updates the check register, accounts payable subsidiary ledger, and the ap control account from his terminal. finally, the clerk files the invoice, purchase order copy and check copy in the ap department. required: discuss the risks associated with this system. describe the internal controls needed to mitigate the risks.

As the inventor of hypertension medication, onesure pharmaceuticals (osp) inc. was able to reap the benefits of economies of scale due to a large consumer demand for the drug. even when competitors later developed similar drugs after the expiry of osp's patents, regular users did not want to switch because they were concerned about possible side effects. which of the following benefits does this scenario best illustrate? a. first-mover advantages b. social benefits c. network externalities d. fringe benefits

Which of the following distribution systems offers speed and reliability when emergency supplies are needed overseas? a. railroadsb. airfreightc. truckingd. pipelinese. waterways

Special order carson manufacturing, inc., sells a single product for $36 per unit. at an operating level of 8,000 units, variable costs are $18 per unit and fixed costs $10 per unit. carson has been offered a price of $20 per unit on a special order of 2,000 units by big mart discount stores, which would use its own brand name on the item. if carson accepts the order, material cost will be $3 less per unit than for regular production. however, special stamping equipment costing $4,000 would be needed to process the order; the equipment would then be discarded. assuming that volume remains within the relevant range, prepare an analysis of differential revenue and costs to determine whether carson should accept the special order. use a negative sign with answer to only indicate an income loss from special order; otherwise do not use negative signs with your answers.