Credit memos are created when a product is returned. a debit to sales returns and allowances and a credit to a/r is recorded when a credit memo is created. a credit memo will reduce a/r and write off the invoice. you have noticed that the a/r clerk, wes, has created an abnormally high number of credit memos. you notice the inventory does not reflect the additional inventory result- ing from the sales returns and allowances. what would you do and how would you document this decision?

The sec has historically raised questions regarding the independence of firms that derive a significant portion of their total revenues from one audit client or group of clients because the sec staff believes this situation causes cpa firms to

Kirnon clinic uses client-visits as its measure of activity. during july, the clinic budgeted for 3,250 client-visits, but its actual level of activity was 3,160 client-visits. the clinic has provided the following data concerning the formulas to be used in its budgeting: fixed element per month variable element per client-visitrevenue - $ 39.10personnel expenses $ 35,100 $ 10.30medical supplies 1,100 7.10occupancy expenses 8,100 1.10administrative expenses 5,100 0.20total expenses $ 49,400 $ 18.70the activity variance for net operating income in july would be closest to:

When many scrum teams are working on the same product, should all of their increments be integrated every sprint?