The bank reconciliation uncovered a transposition error in the books is called detective control.
A bank reconciliation is the technique of matching the balances in an entity's accounting information for a coins account to the corresponding data on a bank declaration. The goal of this method is to envision the variations between the two, and to book adjustments to the accounting facts as appropriate.
There are five essential kinds of account reconciliation: bank reconciliation, consumer reconciliation, vendor reconciliation, inter-organization reconciliation and enterprise-precise reconciliation.
A financial institution reconciliation may be notion of as a components. The components is coins account stability in keeping with your records, plus or minus reconciling items, bank announcement balance. when you have this method in balance, your bank reconciliation is entire.
Disclaimer: your question is incomplete,please see below for complete question
The bank reconciliation uncovered a transposition error in the books. This is an example of a
a. preventive control
b. detective control
c. corrective control
d. none of the above
Learn more about bank reconciliation here:-https://brainly.com/question/15525383
#SPJ4
An engineer is planning to build a new wing for a hospital. His team is currently figuring out the best type of doors to use in the corridors. If you were on the team, what would you recommend
The recommendation for an engineer who is planning to build a new wing for a hospital, regarding the best type of door to use in the corridors, would be the installation of doors with super damped hydraulic springs.
What are the main characteristics of an engineer?This professional is essential to determine the progress of a project, being the professional responsible for designing, managing and executing a project such as the construction of a new wing for a hospital, in which the needs of the site and the solution of problems for that the work is effective.
Therefore, a good engineer, in addition to managing the work, will be responsible for directing his team, instituting a safe schedule, resources and conflict mediation so that the work takes place properly, safely and as planned.
Find out more about engineer here:
https://brainly.com/question/6073946
#SPJ1
Since its creation in 1944, the role of the imf in the monetary and finance structure has been to?
The functions of the International monetary system in the financial and finance structure have been to help developing international locations address a variety of economic and financial crises / create an orderly worldwide financial gadget/assist participants with the stability of bills troubles on a short-term basis
The worldwide financial Fund (IMF) works to attain sustainable growth and prosperity for all its one hundred ninety member nations. The IMF was mounted in 1944 in the aftermath of the great despair of the Nineteen Thirties. 44 founding member international locations sought to construct a framework for global economic cooperation. nowadays, its membership embraces one hundred ninety international locations, with a workforce drawn from 150 nations.
The IMF monitors the worldwide financial system and international economic traits to perceive dangers and suggest regulations for boom and monetary stability. The Fund also undertakes an ordinary health check of the monetary and financial guidelines of its one hundred ninety member international locations.
The IMF's primary reason is to make certain the stableness of the global economic gadget—the device of change quotes and worldwide payments that allow nations and their residents to transact with every other. The IMF employs three principal functions – surveillance, financial assistance, and technical help – to sell the steadiness of the worldwide economic and monetary device.
Learn more about the International monetary system here:
https://brainly.com/question/27960880
#SPJ4
As their overseas operations have increased in importance, larger multinationals have felt the need to?
Companies have felt the need to: A. eliminate the international division as their overseas operations have grown in importance. The overseas operations are defined as any a flying operation conducted from any point on the North American continent to any landing point more than the four hundred and thirty-five nautical miles outside the boundary.
The North American continent; or any flying operation conducted between any points more than the four hundred and thirty-five nautical miles outside such boundary; and any other flying operations not now included herein that may be mutually agreed upon between the Company and such other parties.
To learn more about operations, click here.
https://brainly.com/question/20916293
#SPJ4
If a perfume store currently sells perfume for $30 a bottle and averages $2000 sales per month, what sales might they anticipate if they raise the price to $40 a bottle?
Previously, the perfume cost was $30 per bottle if they raise to $40 and sales of $2000 at $30. when the prices increase the demand decrease, so let the elasticity of demand is 1, which means its unitary elastic. So sales decrease proportionally means it will decrease to 1500.
Problem-solving is the act of defining a trouble; determining the reason of the trouble; identifying, prioritizing, and deciding on alternatives for a solution; and implementing a solution. The trouble-fixing system.
Problem-solving starts with figuring out the issue. as an instance, a trainer may need to determine out how to improve scholar performance on a writing proficiency take a look at. To do that, the trainer will evaluation the writing exams looking for areas of development.
Learn more about Problem-solving here: https://brainly.com/question/13818690
#SPJ4
Peg bought a stock at a price of $23. she received a $1.50 dividend and sold the stock for $25. what is peg’s capital gain on this investment?
Peg’s capital gain on this investment is $2
Capital gain = Selling price – Purchase price
= $25 - $23
= $2 (Answer)
Capital goods, or capital, consist of "durable producer goods that are in turn used as productive inputs in the further production" of goods and services. At a macro level, "A country's capital stock includes buildings, equipment, software, and supplies in a given year."
Capital is a broad term for anything that gives value or utility to its owner. For example: Factories and their machinery, intellectual property such as patents, or financial assets of companies and individuals.
Learn more about capital here:https://brainly.com/question/1957305
#SPJ4
The chances of a risk event occurring as a project proceeds through its life cycle tend to.
The chances of a risk event occurring as a project proceeds through its life cycle tend to Slowly drop.
what is a risk event?A risk event is something that is uncertain and matters. Matters in the sense that it prevents objectives from being met. Similarly, an opportunity event is something uncertain and important — important in the sense that it contributes to the achievement of goals.
Any unforeseen or unexpected occurrence that can result in losses for investors or other stakeholders in a company or investment is referred to as event risk.Credit default swaps and other credit derivatives can be used to hedge against credit events such as default or bankruptcy.Natural disasters and theft, for example, can be mitigated by insurance policies that cover such risks.To learn more about risk events from the given link
https://brainly.com/question/16180975
#SPJ4
Marc and Julian are considering the following investments for their portfolio. Help them evaluate each one by weighing the risks versus return. Rank each as low, moderate, or high in each category.
In the given investments for Marc's and Julian's portfolio the risk-return tradeoff The assertions made will follow the risk to returns principle that says the greater the risk the greater the returns. In the categories let,
L= low
M= moderate
H= high in each category.
Therefore, appropriate ranking will show
More about evaluating risk and return:
The risk-return tradeoff, often known as the relationship between risk and prospective return on investment, is one of the tenets of investing. Investors are aware that, for the majority of stocks, bonds, and mutual funds, taking on more risk or volatility increases the possibility of better returns. Investors look at an investment's alpha, beta, standard deviation, and Sharpe ratio to calculate the risk-return tradeoff.
Learn more about risk-return here:
https://brainly.com/question/11541998
#SPJ1
Sam owns a firm that produces tomatoes in a purely competitive market. the firm's demand curve is?
Sam owns a firm that produces tomatoes in a purely competitive market. the firm's demand curve is a vertical line. Vendors cater to a particular clientele and their set of needs in vertical markets, often known as "verticals," which are commercial niches. Due to the low overhead and flexibility to reach a global audience, ecommerce companies are increasingly catering to vertical sectors.
An industry, trade, profession, or other group of clients with specialized demands may be the focus of a vertical market, where suppliers cater to those needs with products and services. Sam owns a firm that produces tomatoes in a purely competitive market. the firm's demand curve is a vertical line.
To learn more about market, click here.
https://brainly.com/question/13414268
#SPJ4
When reference is made to the _________________________ , it means the specific amount of income needed for a basic standard of living. poverty trap income line income gap poverty line
When reference is made to the poverty line, it means the specific amount of income needed for a basic standard of living.
The poverty line is the extent of profits to satisfy the minimal dwelling situations. The poverty line is the quantity of cash wanted for a person to meet his simple needs. it is defined as the monetary value of the products and services needed to provide basic welfare to a person.
Comparisons of high and low earnings raise two special problems: economic inequality and poverty. Poverty is measured through the number of people who fall underneath a certain stage of earnings—referred to as the poverty line—that defines the earnings wished for a basic standard of living.
A poverty trap refers to a monetary system wherein it is difficult to escape poverty. A poverty trap isn't simply the absence of economic manner. it is created due to a mix of things, which include access to schooling and healthcare, working together to keep an individual or own family in poverty.
Learn more about economic inequality here brainly.com/question/19948452
#SPJ4
A company had interest expense of $5,700, income before interest expense and income taxes of $17,800, and net income of $8,200. the company's times interest earned ratio equals:______.
A company had an interest expense of $5,700, income before interest expense and income taxes of $17,800, and net income of $8,200. the company's times interest earned ratio equals 3.12 times.
The values given in the question are as follows:
Fixed Interest Expense = $5700
Income before Interest Expenses and Income taxes = $1780
The calculations for computing Times Interest Earned Ratio are as follows:
Times Interest Earned Ratio = Income before Interest Expense and Income taxes / Interest Expense
= 17800 / 5700
= 3.12 times
Hence, the answer is "3.12".
Learn more about Interest here: https://brainly.com/question/24924853
#SPJ4
If the price of the common stock should decline by 50 percent, would the price of the convertible bond decline by the same percentage? briefly explain your answer
If the price of the common stock declines by 50 percent, the price of the convertible bond will also decline by the same percentage
If the stock price falls, the short seller profits by buying the stock at the lower price closing out the trade. Convertible bonds tend to offer a lower coupon rate or rate of return in exchange for the value of the option to convert the bond into common stock.
Thus, if the price of a convertible bond will move in tandem with the price of the common stock, so if the stock price declines, the convertible bond price will follow suit.
Hence, convertible bonds typically carry lower interest rates payments.
To learn more about convertible bond here:
https://brainly.com/question/17173968
#SPJ4
The observation that as more and more of a variable input is added to an existing fixed input, eventually the additional output produced with that additional input falls is known as the law of:_______
Additional input falls are known as the law of diminishing marginal productivity.
The law of diminishing marginal productivity is an economic principle usually taken into consideration by managers in productivity management. Usually, it states that benefits gained from slight improvement at the input side of the production equation will only advance marginally per unit and may level off or even decrease after a specific point.
The law of Diminishing Marginal productiveness applies to all forms of businesses, along with service providers, manufacturing concerns, and software houses. This phenomenon indicates that regardless of having the resources to have enough money for maximum machinery or labor, it will not bring about greater productivity after a certain point. The reason is that it becomes much less green and then, inefficient.
learn more about service providers here https://brainly.com/question/857857
#SPJ1
Suppose a brewery invests $10,000 in a machine that can accurately measure the quality of hops (used in making beer). if the machine is not useful otherwise and it cannot be resold, it is considered?
If the machine is not useful otherwise and it cannot be resold, it is considered a specialized investment.
A specialized investment fund, or SIF, is a tax-efficient regulatory framework with little regulation that targets a wider range of eligible investors in Luxembourg. An investment fund that can invest in all asset classes is known as a Specialized Investment Fund (SIF). Typically, it meets the criteria for an alternative investment fund (AIF) and is marketable to knowledgeable investors.
Specialized funds concentrate on very specific industries, such as commodities, geographic areas, or other market segments. These funds include asset allocation, sector funds, balanced funds, and goal date funds. Investors can access banking, real estate, chemicals, energy, or telecommunications using these funds.
Learn more about Specialized Investment Fund here
https://brainly.com/question/15075536
#SPJ4
A consequence of an economic activity that is experienced by unrelated third parties is known as a/an:________.
Answer:
An externality
________ income is the money available to a household over and above that required for a comfortable standard of living.
Costs that have already been incurred and cannot be avoided regardless of what a manager decides to do are ______ costs.
Costs that have already been incurred and cannot be avoided regardless of what a manager decides to do are sunk costs.
A Sunk cost is what?Money that has already been spent and cannot be recouped is referred to as a sunk cost. The sunk cost phenomenon in business is an example of the notion that one must "spend money to make money." A sunk cost is distinct from potential future expenses a company can incur, such as choices on the price of products or the cost of purchasing inventories. Sunk costs are disregarded while making future business decisions since they won't change regardless of the choice made.Give an example of Sunk cost.Let's say XYZ Clothing produces baseball gloves. It leases a factory for $5,000 each month, and the machinery was paid in full for $25,000 before. The business makes a simple glove model for $50 and sells it for $70. The producer can make a $20 profit on each basic model sold. As an alternative, it can carry on with production while spending an additional $15 and sell a premium model glove for $90.The company weighs the $20 increase in revenue against the $15 additional cost when deciding whether to produce the premium glove to generate a $5 profit. The cost of the factory lease and the cost of the equipment are both buried expenses and are not taken into consideration when making decisions.Sunk costs become important costs and ought to be included in company choices on upcoming events if they can be removed at some point.Any sunk costs that have expiration dates should be taken into consideration, for instance, if XYZ Clothing is thinking about closing a production plant. XYZ Clothing weighs the revenue that would be lost if production stopped along with the expenditures that would also be eliminated when deciding whether to close the facility. If the factory lease expires in six months, the lease cost should be included as an item that can be reduced or eliminated since it is no longer a sunk cost. The plant should be shut down if the overall costs exceed the revenue.Learn more about Sunk cost here:
https://brainly.com/question/20438089
#SPJ4
According to the sarbanes-oxley act, who is responsible for the corporation's financial statements?
According to the Sarbanes-Oxley act, auditors is responsible for the corporation's financial statements.
The 2002 Sarbanes-Oxley Act imposes strict penalties for corporate fraud. To regulate the accounting sector, it established the Public Company Accounting Oversight Board. It prohibited business loans to executives and provided job protection for informants.
The Act improves the corporate boards' financial savvy and independence. It holds CEOs liable for any faults found during accounting audits.
The Act is named for its sponsors, Congressman Michael Oxley of Ohio and Senator Paul Sarbanes of Maryland. Additionally known as "Sarbox" or "SOX," The law was enacted on July 30, 2002. It is enforced by the Securities and Exchange Commission (SEC).
To learn more about Sarbanes-Oxley Act here
https://brainly.com/question/4254567
#SPJ4
What is a group of institutions that organize around a common set of concerns within a given industry?
A group of institutions that organize around a common set of concerns within a given industry is called an association.
An association is a group of people organized for the pursuit of a specific purpose. For instance, family is an association organized for the preparation of children, while marriage is its main institution.
Association is important as it provides opportunities to meet and engage with peers and colleagues. Associations are made up of people who share similar challenges and opportunities.
Hence, a group of institutions that organize around a common set of concerns within a given industry is called an association.
To learn more about association here:
https://brainly.com/question/9380480
#SPJ4
During the month, merchandise is sold for $24,000 cash and for $34,200 on account. the cost of merchandise sold is $41,300. What is the amount of gross profit? a.$24,000 b.$16,900 c.$58,200 d.$41,300
The amount of gross profit is $16900.
Gross income is the profit a commercial enterprise makes after subtracting all the fees which are associated with manufacturing and selling its services or products. you can calculate gross profit by using deducting the cost of products bought out of your overall sales.
Gross profit offers perception into how efficient a company is at coping with its production charges, consisting of hard work and supplies, to supply income from the sale of its goods and services. The gross profit for a enterprise is calculated by using subtracting the value of products bought for the accounting period from its overall revenue.
explanation:
merchandise is sold for = $24,000
merchandise is sold for cash = $34,200
The amount of gross profit is = $58200 - $ 41300 = $16900
= $16900
Lear more about gross profit here:-https://brainly.com/question/21637154
#SPJ1
At what interest rate does the demand curve for reserves become perfectly elastic?
At the interest rate the Fed pays on banks' reserve balances, interest rate does the demand curve for reserves become perfectly elastic.
The central banking system of the United States of America is the Federal Reserve System, usually referred to as the Federal Reserve or just the Fed.
With the passage of the Federal Reserve Act on December 23, 1913, it was established in response to the need for centralized control of the monetary system to prevent financial crises following a string of financial panics, including the Panic of 1907.
The Federal Reserve System's functions and responsibilities have grown over time as a result of occasions like the Great Depression in the 1930s and the Great Recession in the 2000s.
To learn more about Federal Reserve System here
https://brainly.com/question/3603615
#SPJ4
Chris quit his job at furniture country because he felt he could find a better paying job at wood world. this is an example of:______.
Chris quit his job at furniture country because he felt he could find a better paying job at wood world. this is an example of Frictional unemployment. The Frictional unemployment results from voluntary changes in the employment within an economy. The Frictional unemployment is a given, even in a growing, stable economy.
Frictional unemployment refers to workers who decide to leave their current jobs in search of new ones and people who are just starting out in the workforce. It excludes employees who hold onto their existing position until they find a new one because, presumably, they are never unemployed.
To learn more about Frictional unemployment, click here.
https://brainly.com/question/14016987
#SPJ4
The main argument against this solution is that the level of entitlements as a fraction of gdp is predicted to:________.
The main argument against this solution is that the level of entitlements as a fraction of GDP is predicted to rise so high that raising taxes would dramatically increase the tax burden on the economy and impede economic growth.
A country's gross domestic product (GDP) is the sum of the market values of all the finished products and services produced within its borders during a certain time period. It serves as a thorough assessment of a particular country's economic health as a broad indicator of entire domestic production.
Although GDP is frequently estimated on an annual basis, it is also occasionally calculated on a quarterly basis. In the United States, for instance, the government produces an annualized GDP estimate for both the calendar year and each fiscal quarter.
To know more about GDP
brainly.com/question/834792
#SPJ4
Consider an economy that is operating at its steady state. an increase in the investment rate in this economy will lead to:______
Consider an economy that is operating at its steady state. an increase in the investment rate in this economy will lead to a temporary increase in the growth rate.
In the Solow model, a larger saving rate has no long-term impact on the growth rate. Higher steady-state capital stock and level of output do follow a higher saving rate. The growth rate briefly increases as production changes from a lower to a higher steady-state level. Low rates of saving the result in small capital stock in the steady state and low levels of output in the steady state. Only in the near run do higher savings translate into quicker economic development. Up until the economy reaches its new steady state, an increase in the saving rate causes growth to accelerate.
Learn more about the economy here brainly.com/question/1106682
#SPJ1.
Jack and sue, who are selling their home, pay the property taxes (beginning on the date of sale) for max, the buyer. if max reimburses jack and sue, then the taxes?
Max reimburses Jack and Sue, then the taxes do not affect the basis of the home.
When you sell your house is it taxable income?
Profits from home sales are taxed as capital gains in 2021 at federal rates of 0%, 15%, or 20%, depending on income. The IRS provides homeowners with a write-off, allowing single filers to exclude up to $250,000 of profit and married couples filing jointly to exclude up to $500,000 of profit.
How do you avoid capital gains tax when selling a house?
You can exempt a portion of your taxable gains if you sold the house due to job, your health, or a "unforeseeable occurrence." Save all receipts for house improvement. Your property's cost basis includes more than just the acquisition price. It also incorporates any enhancements you made.
Learn more about capital gains: https://brainly.com/question/24228835
#SPJ4
What+is+the+price+of+a+coupon+bond+that+has+annual+coupon+payments+of+$75,+a+par+value+of+$1000,+a+yield+to+maturity+of+5%,+and+a+maturity+of+two+years?
The coupon rate is $75 / $1,000 = 7.50%.
The current yield is $75 / $1,100 = 6.82%.
How do you calculate a coupon bond?
By adding up all of a bond's annual coupon payments and subtracting them from the bond's par value, the coupon rate can be computed. The coupon rate, for instance, is 5% on a bond with a $1,000 face value that pays a $25 coupon twice a year.
What does coupon rate mean?
The annual income an investor might anticipate while owning a specific bond is known as the coupon rate. The calculation is done by dividing the total of the annual coupon payments by the par value, and it is established at the time the bond is issued.
Learn more about coupon rate: https://brainly.com/question/6959763
#SPJ4
The bpm development cycle is essentially a one-shot process where the requirement is to get it right the first time.
a. true
b. false
False, The bpm development cycle is essentially a one-shot process where the requirement is to get it right the first time.
Business process management (BPM), according to Gartner, is a discipline that uses a range of tools and methods to model, carry out, monitor, and optimize business processes.
A business process coordinates the behavior of people, systems, information, and things in order to produce business outcomes in support of a corporate strategy.
BPM focuses on creating an automated, standardized process for typical transactions and social interactions. It contributes to decrease the operational costs of the business by minimizing waste and duplication of work and increasing team productivity.
Businesses that employ BPM can choose from a variety of BPM methodologies, including Six Sigma and Lean.
To learn more about BPM here
https://brainly.com/question/15698916
#SPJ4
Derrick recently got married and has a small child. for the first time in his life, he worries about what will happen to his home and his other property after he dies. he also wants to make sure his child is taken care of if he dies. what should derrick prepare?
A will / testament is a legally binding document that expresses the person desires as to how they would want to use or distribute their belongings after their death and also that occurred after to their belongings. As to which persons is responsible for handling their property.
What is Legally binding contracts??Legally binding agreements are agreements made between two or more parties that are enforceable by law and are valid according to national and state contract laws. Because a agreement is legally binding, all parties must follow the words and do what the contract says they should.A “binding contract” is any contract that's legally enforceable. That means if you sign a binding contract and don't meet your end of the bargain, the other party can bring you to court.
Complete question is given below,
A. a will
B. a power of attorney
C. a health insurance policy
D. a consideration
To learn more about Legally binding contracts, refer
https://brainly.com/question/21167367
#SPJ4
What should an effective small business professional demonstrate in fulfilling their role?
An effective small business professional fulfills their role as a trusted business advisor.
The small business is usually the manufactures and the distributors, and they are thus capable of generating a personal touch with the business. The role of the small business professional is to act as a trusted business advisor by providing assistance and counseling to the small businesses.
These professionals are also responsible for developing business management goals and objectives which leads to growth and prosperity. Small business advisors work with multiple clients at a time by supporting the business goals, and providing industry insights.
Hence, the answer is given and explained above.
To learn more about business advisor here:
https://brainly.com/question/14434395
#SPJ4
The ________ is the optimum budget to managers that plan revenues and expenses at different sales volumes.
The Flexible budget is the optimum budget to managers that plan revenues and expenses at different sales volumes.
What is Flexible budget?According to changes in actual revenue or other activities, a flexible budget can be adjusted. The end result is a budget that closely matches actual outcomes. This strategy differs from the more typical static budget, which only lists fixed spending figures that don't change in accordance with actual revenue levels. The flexible budget is a useful tool for assessing the performance of managers since it adjusts itself based on activity levels; the budget should nearly match expectations at any number of activity levels. Managers can use it to model the anticipated financial outcomes at various activity levels, making it a useful planning tool.
To learn more about Flexible budget from the given link:
https://brainly.com/question/16017304
#SPJ4
Monopolistically competitive firms ________ earn profits in the long run due to ________.
Monopolistically competitive firms can earn profits in the long run due to dominating the market.
What are Monopolistic competitions?Monopolistic competitions can be regarded as theone that are characterizes as an industry whereby many firms offer products or services that are similar .
In this case, this product are substitutes , and they have Barriers to entry and exit in a monopolistic competitive industry .
It should be noted that Monopolistically competitive firms can earn profits in the long run due to dominating the market.
Learn more about Monopolistically competitive firms on:
https://brainly.com/question/25717627
#SPJ1
