If your bank pays you interest in the form of an annual rate of return of 10% over each of the next five years, how much will your balance be if you make annual deposits of $400?
A) $2,248.37
B) $2,644.20
C) $2,516.31
D) $2,442.04
Answer: D
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The reserve requirement is 0 percent on the first $8 million in transaction deposits, 3 percent on amounts between $8 million and $50 million, and 10 percent on amounts above $50 million. A bank with transaction deposits totaling $83 million has required reserves equal to
A. $2.49 million. B. $4.56 million. C. $6.54 million. D. $8.30 million.
For a large population of cash disbursement transactions, Smith, CPA is testing controls by using attribute sampling techniques. Anticipating an expected deviation rate of 3 percent, Smith found from a table that the required sample size is 400 with a tolerable deviation rate of 5 percent and a desired confidence level of 95 percent. If Smith anticipated an expected deviation rate of only 2 percent but wanted to maintain the same tolerable deviation rate and confidence level, the sample size would be closest to:
A. 800. B. 533. C. 200. D. 400.
Data concurrency
a. is a security issue in partitioned databases b. is implemented using timestamping c. may result in data lockout d. occurs when a deadlock is triggered
A retailer wants an audit to be as objective as possible. The retailer recognizes that there is significant rivalry and competition within the firm. The retailer should use a(n) _____ to conduct the audit
a. outside auditor b. company department manager c. team auditor d. company specialist