Outstanding checks are checks that are recorded in the journal but have not yet been paid by the bank.

Answer the following statement true (T) or false (F)


True

Business

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Observing and retaining the lessons gained from the experiences of others is called

a. Scanning b. Mimicry c. Vicarious learning d. Grafting

Business

Which of the following best expresses the policy behind the Truth-in-Lending Act?

A) To help borrowers by requiring lenders to charge a "reasonable" rate of interest as determined by the Federal Reserve Board. B) To help small business by prohibiting lenders from using, as collateral for secured loans, a business's most important assets. C) To help debtors for loans for personal, family, household or agricultural purposes to be armed with the necessary information on a loan to better bargain for credit and to choose the creditor with the best terms. D) To help lenders by permitting them to investigate a person's credit history without having to worry about state libel laws.

Business

The appeal of HMAC is that its designers have been able to prove an exact relationship between the strength of the embedded hash function and the strength of HMAC

What will be an ideal response?

Business

A random sample of 25 employees of a local utility firm showed that their monthly incomes had a sample standard deviation of $112 . Provide a 90% confidence interval estimate for the standard deviation of the incomes for all the firm's employees

Business