BUSINESS HIGH SCHOOL

Listed below are four interbank cash transfers, indicated by the letters a, b, c and d, of a client for late December 20X1, and early January 20X2. Your answer choice for the next two questions should be selected from this list.Bank Account One

Disbursing Date

(Month/Day) Bank Account Two

Receiving Date

(Month/Day)

Per Bank Per Books Per Bank Per Books

a. 1/02 12/30 12/31 12/30

b. 1/04 12/31 1/02 12/31

c. 1/03 12/31 1/02 1/02

d. 1/02 1/02 12/31 1/02

For each of transfers a through d indicate whether cash is understated, unaffected, or overstated by the transfer and provide a brief example of what could cause the situation in which cash is either understated or overstated.

Answers

Answer 1

Answer:

A. Unaffected

B. Unaffected

C. Understated

D. Overstated

Explanation:

C. Understated.

Understated balance is one that is reported as having a lesser balance than it actually does. example of what could cause the situation in which cash is understated is that when check is written on the disbursing bank on the last day of December with a credit to cash, and an associated debit to some expense account so as to decrease reported profits and taxes be it (direct or indirect tjaxes) for the year.

Another example is when a utility bill that is suppose to be paid by the last day of the month but failed to record the expenses, under the accrual basis of accounting, the company should recognize the expenses now even though the bill is not yet due. Until the bill is recorded, the utilities payable is understated

d. Overstated.

An overstated balance is an account balance that is reported as having a greater balance than it actually does, example of such situation is that in which an employee has misappropriated funds during the year, and draw a check transferring funds to the account with the shortage so as to cover the shortage. As of December 31, the shortage is replaced, with no reduction as yet recorded in the account on which it is drawn.

In second example of understated, expense account is understated and because of this net income is overstated.

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Comparing and contrasting sets of data in order to rank them and make a decision best defines _____.a. personal information
b. evaluation
c. career information
d. personal career profile

Answers

Comparing and contrasting sets of data in order to rank them and make a decisions best defines as evaluation. In evaluation, you need to rank your employees for the compensation or salary increase that they will receive. The most performer will receive the biggest increase since he has done bigger.

Answer: is B

Explanation:

Just took the test............

You just graduated college and is now searching for a job. As an applicant, how can you show willingness to work and be open to changes in your future work environment? A) Resisting change for stability B) Embracing change for growth C) Seeking constant approval from superiors D) Sticking strictly to established procedures.

Answers

This is pretty straightforward lol. The answer is B.

With respect to the roles in the family decision-making process, the individual who performs the physical act of buying the product is called the a) decision maker.
b) influencer.
c) purchasing agent.
d) gatekeeper.
e) consumer.

Answers

Answer: B Influencer

Explanation: The family without a doubt is a major influence on the consumer behaviour of its members. There are many examples of how the family influences the consumption behaviour of its members.

The importance of the family or household unit in consumer behavior arises for two reasons:

1. Many products are purchased by a family unit.

2. Individuals’ buying decisions may be heavily influenced by other family members.

How families or households make purchase decisions depends on the roles of the various family members in the purchase, consumption, and influence of products. Regardless of how many family members are present when items are being purchased, the other family members play an important role in the purchase.

A _______ is a group of people who agree to save their money together and to make loans to each other at a relatively low rate of interest. A. commercial bank
B. investment firm
C. credit union
D. Christmas club

Answers

A C. CREDIT UNION is a group of people who agreed to save their money together and to make loans to each other at a relatively low rate of interest.

Credit Union:
1) member-owned financial cooperative
2) democratically controlled by its members
3) operated for the following purposes
a) promoting thriftiness among members
b) providing credit at competitive rates
c) providing other financial services to its members

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Answers

Answer:

Explanation:

Answers:

1.B

2.C

3.A

.....

When a change in interest rates impacts the international value of the dollar limiting the effectiveness of fiscal policy, it is due toa. crowding out.
b. crowding in.
c. the slope of the AS curve.
d. the net export effect.
e. exogenous shocks.

Answers

The right answer for the question that is being asked and shown above is that: "c. the slope of the AS curve." When a change in interest rates impacts the international value of the dollar limiting the effectiveness of fiscal policy, it is due to c. the slope of the AS curve.

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