Answer: the correct answer is d. transaction-risk scoring software.
Explanation: The additional security option, used for credit card transactions, that keeps track of a customer’s historical shopping patterns and notes deviations from the norm is <u>transaction-risk scoring software.</u>
Answer:
a. Hiring former employees from other companies and assessing their knowledge.
Explanation:
"Benchmarking" is<em> a process conducted by a company when it wants to compare its performance with other competitors.</em> In order to do this, the company needs to look into <em>specific metrics</em> and<em> </em>approaches in order to analyze their company's operation and how well it does compared to others.
Hiring former employees from other companies and assessing their knowledge is not a typical/common strategy in order to obtain benchmarking data. Not many companies would like to rehire and if they ever do, it will be hard to use the benchmarking data since the former employee's company might be totally different from yours. Remember that competitive benchmarking is only done when you want to compare with your<u> competitors in the same field of business.</u>
Answer:
No, they don´t.
Explanation:
Forecast is not required by GAAP, as the <u>Relevance</u> and the <u>Faithful</u> <u>Representation</u> are concepts that are not compatible with data projection. Forecast implies estimates, and subjective interpretations that do not fulfill financial statements aim and are difficult to verify.
Answer:
The Journal entries are as follows:
(a) the May 1 issuance,
Cash A/c Dr. 577,160
To Bonds - 7% $564,000
To Accrued interest $13,160
(To record the issuance)
Accrued Interest = $564,000 × 0.07 × (4/12)
= $13,160
(b) the July 1 interest payment,
Interest Payment A/c Dr. $19,740
To cash A/c $19,740
(To record the interest payment)
Interest payment = $564,000 × 0.07 × (6/12)
= $19,740
(c) the December 31 adjusting entry
Interest payable A/c Dr. $19,740
To Bonds - 7% $19,740
(To record the adjusting entry)
