Which of the Following Is NOT an Acceptable Task for a Retail

question 185

Multiple Choice

Which of the following is NOT an acceptable task for a retail store manager?

• A) making the cash deposit at the bank
• B) proving the cash by comparing the cash in the drawer against the point-of-sale terminal's record of cash sales
• C) using the point-of-sale terminal's tape to record the journal entry for sales revenue
• D) overseeing the work of the sales clerks

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Definitions:

Debt Ratio

The ratio of total debt to total assets, it measures the percentage of funds provided by investors other than preferred or common shareholders. Also called debt-to-assets ratio.

ROE

Return on Equity; a measure of the profitability of a business in relation to the equity.

Current Ratio

An indicator of a company's financial health, showing its capability to settle obligations due within a year by comparing its short-term assets to its short-term liabilities.

Accrued Liabilities

Liabilities recorded on the balance sheet that represent expenses that have been incurred but not yet paid.