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Kruka [31]
1 year ago
7

In November, two months before year-end, the bookkeeper erroneously recorded the receipt of a one year bank loan with a debit to

cash and a credit to interest revenue. The most effective method for detecting this type of error is:
Send a bank confirmation as of year-end.
Business
1 answer:
OleMash [197]1 year ago
7 0

In November, two months before year-end, the bookkeeper erroneously recorded the receipt of a one-year bank loan with a debit to cash and a credit to interest revenue. The most effective method for detecting this type of error is to Send a bank confirmation as of year-end.

A business may additionally have sales in a given time period that includes invoices they have got sent out to customers, in addition to coins bills that have been made at the time of a buy. All of these incomes are included as revenue during that term.

Sales are described as the profits generated through a commercial enterprise' number one operations. Its miles are often known as the “pinnacle line” and are proven at the top of an earnings announcement. internet income is an accounting time period that refers to the entire revenue minus the entire costs for any given length.

Learn  more about revenue here brainly.com/question/16232387

#SPJ4

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Note whether the following phenomena would be consistent with or a violation of the efficient market hypothesis.
denis-greek [22]

Answer:

D) Stock prices of companies that announce increased earning in January tend to outperform the market in February.    

Explanation:

The above is consistent with the Efficient Market Hypothesis. All others are a direct contravention.

<em>The efficient market hypothesis (EMH), also known as the efficient market theory, is a hypothesis that states that the prices of shares contain all information and that consistent alpha generation is impossible.</em>

According to the hypothesis, stocks always trade at their fair value on exchanges, making it impossible for investors to purchase undervalued stocks or sell stocks for inflated prices.

This means that it should not be possible to outperform the overall market through professional stock selection or market timing.

The only way according to EMH that an investor can obtain better returns is by purchasing riskier investments.  

By implication, this also means that it is not possible to "beat the market" consistently on a risk-adjusted basis since market prices should only react to new information.  

You would note that in the option D, earning (which is a key driver for demand of stock) is announced in one month. The natural reaction would be for the demand for that stock to surge in the next month.

4 0
3 years ago
Complete each sentence by selecting the correct term using the drop-down list.
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Answer:

FOB destination means "Free on Board Destination.

1. Goods transit shipped to Abbey (purchaser) FOB Destination

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3. Goods transit shipped by Abbey (seller) FOB Destination

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From 2015 to 2016, the overall price level rose from 200 to 220. Over the same period, tuition rates at the local community coll
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Answer:

We can conclude that tuition rates at the local community college are rising faster than overall inflation.

This is because from 2015 to 2016, the overall price level rose 10%, from 200 to 2020 (20 is the 10% of 200), while tuition rates rose 15% in the same period, from $100 to $115 (15 is obviously the 15% of 100).

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3 years ago
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