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Problem
You as part of the management, had begun an Internet order system. As you considered the advantages of the Internet order system, you should also have considered the inherent risks of conducting business via the Internet.
1. Describe the new risks of Internet orders that you as part of management should have considered.
2. Describe internal controls that you should have implemented to lessen the risks you identify in part 1 above.
Expansion of Target Market: Implementing new target market in connection with an already existing one will maximize sales immediately. By expanding on the target market we expand on the business as well.
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Merchandise invoiced at $9,500 is sold on terms 1/10, n/30. If the buyer pays within the discount period, what amount will be reported on the income statement as net sales?
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