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Lady bird [3.3K]
3 years ago
8

A client erroneously recorded a large purchase twice. Which of the following internal control measures would be most likely to d

etect this error in a timely and efficient manner?
Business
1 answer:
Studentka2010 [4]3 years ago
5 0

Answer:

Reconciling vendors' monthly statements with subsidiary accounts payable ledger.

Explanation:

In accounting, reconciliation is the process of checking that two sets of records (usually the balances of two accounts) are in agreement. Reconciliation is used to ensure that the money leaving an account matches the actual money spent.

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You speculate in crude oil futures. Last month, you purchased ten January futures contracts at a quoted price of 99.91. These co
shepuryov [24]

Answer:

Loss of $397,100

Explanation:

The price in future contract is $99.91 per barrel, and actual price is $60.20

The loss per barrel  = $99.91 - $60.20 = $39.71

Total loss = 10 contracts * 1000 barrels * loss of $39.71 per barrels =

= 10*1000*$39.71 = $397,100

5 0
3 years ago
Read 2 more answers
Gas stations, supermarkets, and airlines that have unstaffed check-out or check-in terminals are providing what level of retail
harkovskaia [24]

Answer:

The answer is: A) self-service

Explanation:

Self service can be defined as the serving of oneself.

This happens when a client serves himself with goods or services offered by a business without the aid of a waiter, clerk, attendant, etc.

Sometimes that same client might even pay for the goods or services by himself usually thorough electronic payment devices (credit cards, phone apps, etc.) , without any human cashier.

4 0
4 years ago
Dog owners do not bear the full cost of the noise their barking dogs create and often take too few precautions to prevent their
almond37 [142]
Local governments address this problem by

b. making it illegal to "disturb the peace."

However, enforcement takes valuable resources from fighting crime. The local gov't should have a fine system. First time warning. Second time fine ($50) Third time increased fine ($100). Fourth time, court.
3 0
4 years ago
Read 2 more answers
Wei is trying to complete her project by the deadline. At her desk, she hears the muffled but persistent noises of jackhammering
alexandr402 [8]

Answer:

<u>B. False</u>

Explanation:

Remember, <u>the question is whether the ringtone is likely to be more stressful to </u><u>Wei</u><u> than the jackhammering.</u>

Obviously she's distracted by the ringtone from her smartphone, however what is more stressful (irritating) to Wei is the sound from the jackhammer.

Therefore, the ringtone is not more stressful than the jackhammering.

4 0
3 years ago
Deposits of commercial banks at the federal reserve bank are called?
artcher [175]

Deposits of commercial banks at the federal reserve bank are called federal funds.

A bank is a financial institution that accepts deposits from the public and makes loans while depositing demand deposits. Loans can be made directly by banks or indirectly through the capital markets.

Banks do many things, but their main job is to take money, called deposits, from people who have money, pool it, and lend it to people who need it. A bank is an intermediary between depositors (who lend money to the bank) and borrowers (who the bank lends money to).

Banks, institutions dealing in money and its substitutes and providing other money-related services. In their function as financial intermediaries, banks accept deposits and authorize loans.

Learn more about bank here:brainly.com/question/14368059

#SPJ4

6 0
2 years ago
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