He accounting department should only have access to since its function is to a. a copy of the deposit slip; make the bank deposit. b. prenumbered remittance advices; open mail receipts. c. cash and checks; make the bank deposit. d. a copy of the list of checks; record the change in cash.

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Which of the following would not generally be a motive for a firm to hold inventories? a. to decouple or separate parts of the production process b. to provide a stock of goods that will provide a selection for customers c. to take advantage of quantity discounts d. to minimize holding costs e. all of the above are functions of inventory.

For a firm that uses the weighted average method of process costing, which of the following must be true? (a) physical units can be greater than or less than equivalent units. (b) physical units must be equal to equivalent units. (c) equivalent units must be greater than or equal to physical units. (d) physical units must be greater than or equal to equivalent units.