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Monica [59]
2 years ago
6

The current value in today's dollars of a future sum of money is called :______

Business
1 answer:
AleksandrR [38]2 years ago
4 0
Ans: (a) present value
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If errors occur in the recording process, they___________. a. cannot be corrected until the next accounting period.B. should be
V125BC [204]

Answer:

C- Should be corrected as soon as they are discovered

Explanation:

If error occur in recording process they should be corrected as soon as they are discovered although the errors are usually unintentional mistakes made when recording . Small recording errors might cause major distortions in the overall figures.

Although the suspense account is the main method used to detect errors that cause discrepancies between the debit and credit balances of the trial balance in which

Adjusting entries are posted in the general ledger to correct errors detected in the trial balance.

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4 years ago
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Use your knowledge of the challenges new managers face to complete the following sentences.
DIA [1.3K]

Answer: The correct answer is MOST

Explanation: Managers in any organization are known to provide the necessary human action inorder for the planned outcomes of the organization to be achieved. In doing the above, the mostly get involved in activities that involve motivating others and meeting people. These activities such as leading others, leading innovations and networking over time tend to be enjoyed as they are not monotonous activities like paperwork.

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3 years ago
human resource management was called when undertaking clerical functions such as screening employees, keeping records, payroll,
Scorpion4ik [409]

Human resource management was called personnel at the time when the clerical functions are undertaken.

The following information regarding the personnel management is:

  • It refers to the management where the workforce could be maintained.
  • It is mainly concerned when employees are at work also their relationship within an organization should also mattered.
  • Plus the clerical functions are to be undertaken.

Learn more: brainly.com/question/15569649

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3 years ago
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Carlos approaches a bank for home loan. He is denied the loan when the verification of his credit history through his credit rep
Oksanka [162]

Answer:

C. Fair Credit Reporting Act

Explanation:

Fair Credit Reporting Act was brought into action to lay governance on the credit bureaus regarding their consumers' credit information. The act presents the rules and regulations to be followed to obtain and present the credit details of the consumers. Also, it looks over the manner in which the details are shared with the consumers and others for various other purposes.

According to the given excerpt, the Fair Credit Reporting Act allows Carlos to take an action in case of any error found in his credit report.

6 0
3 years ago
Adjustment for Unearned RevenueOn June 1, 20Y2, Herbal Co. received $42,890 for the rent of land for 12 months.Journalize the ad
serious [3.7K]

Answer:

Dr unearned rent $25,019

Cr rental income              $25,019

Explanation:

The cash received on June 1 20Y2 for 12 months rent would have been debited cash while the unearned rent account would have been debited with the same amount.

As of December 31, 20Y2, the rent of 7-month(June-December) have now been earned and adjusted as follows:

earned rent for 7 months=$42,890*7/12=$25,019

The earned rental income would be debited to unearned rent and credit to rental income

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