An amount recorded as an increase in the company's cash account at the end of the period, but which has not yet been reflected on the bank statement is called a(n) ____________________
Fill in the blank(s) with correct word
deposit in transit
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Newsman Co made the following errors in counting its year-end physical inventories: 2012 .................................. $ 60,000 overstatement 2013 .................................. 108,000 understatement 2014 .................................. 90,000 overstatement As a result of the above undetected errors, 2014 income was
a. understated by $18,000. b. overstated by $198,000. c. overstated by $18,000. d. understated by $198,000.
Which performance plan is most motivating?
a. health insurance b. piece rate c. hourly wages d. pensions
Which is NOT a sign of group pressure?
A. pressure on dissenters B. self-censorship C. the illusion of unanimity D. pre-appointed third party “mind guards”
The firm's initial ratio of current assets to total assets is ________. (See Table Below)
The company earns 5 percent on current assets and 15 percent on fixed assets. The firm's current liabilities cost 7 percent to maintain and the average annual cost of long-term funds is 20 percent.
A) 3:1
B) 1:3
C) 2:1
D) 2:3