Wright Company's cash account shows a $27,700 debit balance and its bank statement shows $26,000 on deposit at the close of busi
ness on May 31. The May 31 bank statement lists $110 in bank service charges; the company has not yet recorded the cost of these services. Outstanding checks as of May 31 total $5,700. May 31 cash receipts of $6,300 were placed in the bank’s night depository after banking hours and were not recorded on the May 31 bank statement. In reviewing the bank statement, a $410 check written by Smith Company was mistakenly drawn against Wright’s account. The bank statement shows a $580 NSF check from a customer; the company has not yet recorded this NSF check. Prepare its bank reconciliation using the above information.
According to my research on information technology, I can say that based on the information provided within the question the term being describes is called the Big-Data Phenomenon. This is basically (like mentioned in the question) a data set that is extremely large and complex that they are too difficult to process using the common data processing applications that most organizations use.
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<span>a. the shortest possible time to complete an activity.
Crash Time is the shortest possible time it takes to complete a job or activity by expediting everything associated with the job or activity. It's a good example of the time/money trade off in that you can frequently decrease the time something takes by spending more money. So let's look at the choices and see why they're right or wrong.
a. The shortest possible time to complete an activity.
* This pretty much is the same as the definition, so it's the correct choice.
b. The time necessary to complete an activity under abnormal conditions.
* This answer raises the question "What's an abnormal condition?" Does everything go right and things go faster? Does everything go wrong and it's gonna take a long time? In my experience both extremes are "abnormal". So this is a wrong choice.
c. The difference between earliest start time and earliest finish time.
* This answer is lacking the idea of a job or task. Earliest start time of what? So it's a wrong choice.
d. The activity time associated with any management intervention.
* So a phone call from management would be crash time? The boss walking past to see how things are doing? This is a very open ended and ambiguous answer. So it's wrong.</span>
Unions perform essentially as a worker's cartels, restraining the number of laborers in a corporation either enterprise to push up the rest of the workers' salaries. They also hinder economic growth including suspension improvement from the reversal. Over time, unions damage jobs in the organizations they regulate and have a similar impact on marketing expenditure as it makes a 33 percentage point corporate revenue cost increment.
The banking panic of 1907 and the resulting cash shortage led to the formation of the Comptroller of the Currency.
<u>Explanation:</u>
The Office of the Comptroller of the Currency (OCC), established by National Currency Act of 1863 serves to supervise, regulate and charter all national banks, thrift institutions and all the other federally licensed branches in US. The current Comptroller of the Currency is Joseph Otting.
The banking panic of 1907 has been a main motivation in creating the 3rd central banking system in 1907–1913. This was initiated by failed speculation that led to bankruptcy of 2 brokerage firms.
The public started to panic that the trust and banking industries were experiencing liquidity crunches and had the currencies only to meet short-term or immediate obligations. This caused bank runs and set off the financial panic of 1907 nationwide and it lasted for months.
