Use the Information Below to Answer the Following Question(s)

question 31

Multiple Choice

Use the information below to answer the following question(s) .The following information is for Winnie Company:

-What is the operating income assuming actual sales are 300,000 units, and the sales mix is one unit of Product A and two units of Product B?

• A)$100,000
• B)$1,040,000
• C)$1,060,000
• D)$1,100,000
• E)$1,100,100

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Definitions:

Documentation Procedures

The processes and methods for systematically recording and organizing documents and records pertinent to business operations.

Prenumbered Checks

Checks that are sequentially numbered for tracking purposes and to prevent fraud.

Approved Invoice

An invoice that has been reviewed and authorized for payment by the designated party or department within a company.

Segregation Of Duties

A preventive internal control mechanism designed to reduce the risk of fraud and errors by ensuring that no single individual has control over all phases of a transaction or operation.