Which of the following controls is most likely to deter lapping of collections from customers?

a. independent internal verification of dates of entry in the cash receipts journal with dates of daily cash summaries.
b. authorization of write-offs of uncollectible accounts by a supervisor independent of credit approval.
c. segregation of duties between receiving cash and posting the accounts receivable ledger.
d. supervisory comparison of the daily cash summary with the sum of the cash receipts journal entries.

Which of the following statements is not correct? 1) trade allows for specialization. 2) trade has the potential to benefit all nations. 3) trade allows nations to consume outside of their production possibilities curves. 4) absolute advantage is the driving force of specialization.

Amanda rice has just arranged to purchase a $640,000 vacation home in the bahamas with a 20 percent down payment. the mortgage has a 7 percent apr compounded monthly and calls for equal monthly payments over the next 30 years. her first payment will be due one month from now. however, the mortgage has an eight-year balloon payment, meaning that the balance of the loan must be paid off at the end of year 8. there were no other transaction costs or finance charges. how much will amanda’s balloon payment be in eight years

True or false: a fitted model with more predictors will necessarily have a lower training set error than a model with fewer predictors.