Answer: See explanation
Explanation:
I believe that the main thing here that can favor my company is if there's documentation for every process involved with my dealings with Regina Fabrics.
This could have been solved if she didn't reject the cash that was offered to her company after two months, so there should be a formal documents that shows that she rejected the cash which should be acknowledged and signed by her. Also, the monthly payments received by her should be documented as well.
With regards to the above, if there is a formal documentation in place, then I won't have to pay as the guaranty but if this isn't in place, then I may have to pay since there won't be evidences against her.
Answer:
A. Interest earned on the depositor's account
B. Deposit in transit and Note collected by the bank for the depositor
Explanation:
In Financial accounting, bank reconciliation can be defined as an evaluation which give a complete details of the financial items responsible for any difference between the balance of the cash account in the balance sheet and the cash balance reported in an entity's bank statement. These reconciliations should be done at regular intervals so as to ensure a balanced record of the cash account are kept by an organization or firm.
Adjusted balance ends the bank section of a bank reconciliation. Thus, in the event of any fraudulent behavior by an employee, the bank reconciliation would detect any anomaly or financial fraud in the organization.
In a nutshell, after a reconciliation of the bank statement, the adjusted bank balance should be equal to the company's ending adjusted cash balance on the balance sheet.
The items that would be added to the book balance on a bank reconciliation include the following;
A. Interest earned on the depositor's account.
B. Deposit in transit and Note collected by the bank for the depositor.
The audit expectation gap is caused by unrealistic user expectations. The auditors provides reasonable gap examples that would not be included in unrealistic user expectations.
NASBA believes the expectancy gap relating to fraud and going problems in a financial statement audit may be caused by a few factors: lack of knowledge by way of the general public as to what an audit is and what auditors do; inconsistent audit execution in these regions by some auditors due to lack of expertise.
The expectation hole exists while auditors and the public keep distinct beliefs about the auditors' obligations and obligations and the messages conveyed by way of audit reports. apparently, there's an opening between what the public expects and what it virtually receives.
Learn more about auditors here: brainly.com/question/26048609
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Answer:
b. No - the increase in lease expense is a fixed cost.
Explanation:
If the owner of Italian restaurant increases the prices of its product it will result in low customers as the restaurant is already at the competitive price among its other competitors. If the restaurant raises prices the customers will move to the competitors which are offering same quality product at reduced price. The rent is increased by 20% which is considered as a fixed cost because it does not affect the per unit production and is not associated with the numbers of customers.
Answer:
Arc price elasticity of demand = -0.273
Explanation:
This problem is solved as follows:
1. Identify the data.
Outpatient visit Price / visit
Tokyo 1.25 / month 20y
Hokkaido 1.5 / month 10y
Outpatient visits equal the quantities demanded of the service. Therefore, we can say that:
Qt (Outpatient visits in Tokyo) = 1.25 / month
Qh (Outpatient visits in Hokkaido) = 1.5 month.
With the following prices:
Pt (Price in Tokyo) = 20y
Ph (Price in Hokkaido) = 10 y
2. Apply the formula to calculate arc-elasticity of demand:
We replace the data:
Final answer: -0.27275 or -0.273
