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Chapter 2 Vocab

Across
A fee charged by the bank for service to its customers
Checks written and deducted from the business but not yet processed by the bank
An internal control procedure performed periodically to detect any differences in cash balance
A check received and deposited by the company that has been returned for lack of funds
The amount of time that elapses from when a customer places an order until the customer receives that order
Cost incurred to detect mistakes early on
A report sent monthly showing all transactions for cash
A measure of the speed at which the company pays its obligations
Time spent on activities that add value to the company's products/services or processes
Down
A ratio used to monitor the profitability of the company's products
A cost incurred to fix mistakes after the mistakes become known by the customer
A measure of the speed at which a company sells its inventory
A deposit not recorded by the bank
A measure of the company's ability to meet its current obligations as they become due