A "Zero Balance Check" Refers to Which of the Following

question 75

Multiple Choice

A "zero balance check" refers to which of the following control procedures?

• A)batch totals
• B)cross-footing the payroll register
• C)a payroll clearing account
• D)online edit control

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Definitions:

Contribution Margin Ratio

The ratio of contribution margin (sales minus variable costs) to sales revenue, indicating the percentage of each sales dollar remaining after variable costs.

Weighted Average

A calculation that takes into account the varying degrees of importance of the numbers in a dataset, often used in calculating cost of goods sold or inventory valuation.

Sales Proportion

The ratio or percentage of a product's sales in relation to total sales of all products, indicating its market performance.

Cost-Volume-Profit Graph

A visual representation that shows how changes in cost and volume affect a company's profit.