Team Instructions: Divide the class into teams of three or four people.Each team member should work the following problem separately outside of class.Then give the students time in class to compare answers with their teammates and put together a final correct copy of the problem.Each team should turn in only one copy of the problem for grading,along with the annual report that they used.All team members will receive the same grade.
Provide students with copies of real merchandising companies' annual reports,or give students the Web addresses of real merchandising companies and ask them to print out the annual reports.All team members should work with the same company's annual report.
Answer the following questions using the annual report assigned to your team:

Correct Answer:
Verified
Q174: In 2011,the receivables turnover for Team Shirts
Q175: The write-off of a specific customer's account
Q176: Sales for August for Team Shirts were
Q177: The bookkeeper opens the mail,deposits any checks
Q178: Cash is an asset that must be
Q180: The daily bank deposit is made by
Q181: Employees who sign checks should not record
Q182: Discuss how the segregation of duties serves
Q183: Sam doesn't bother to record checks in
Q184: Books,Inc.always balances its checkbook before it pays
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