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vovangra [49]
2 years ago
9

What's the u.s national debt?

Business
1 answer:
otez555 [7]2 years ago
3 0
America's national debt is the amount that is due to the federal government of America. The portion of the public debt is the price of the dominant Treasury securities at a part of time that has been announced by the Treasury and also with other federal government agencies.
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Island Trading Co., a client of your CPA firm, has requested your advice on the following problem. It has three clerical employe
Illusion [34]

Answer:

Explanation:

A.

General ledger - cash receipts. With custody to cash, this person could steal cash receipts and conceal the theft by recording a fictitious entry in the General Ledger to credit (reduce) the balance of the cash account by the amount stolen.2.Accounts receivable ledger - cash receipts. With custody to cash, this person could steal cash receipts and conceal the theft by recording a fictitious entry in the Accounts Receivable Subsidiary Ledger to reduce a customer's accountsreceivable balance by the amount stolen.3.Bank reconciliation - cash receipts.With custodyto cash, this person couldsteal cash receipts and conceal the theft by falsifying (recording) the bankreconciliation.4.Credits on returns and allowances - cash receipts.This person couldauthorize (authorization) or record false credit memos (recording)to customerswho are making a payment and steal the customer payments (custody)

B.

Any distribution that avoids all of the above unsatisfactory combinations and spreads the workload evenly is acceptable. The key is not to have anyone with both custody and a recording function that could be used to conceal a theft. One such combination is: First employee accounts payable ledger, accounts receivable ledger, bank reconciliations Second employee general ledger, disbursements journal, credits on returns and allowances Third employee prepare checks for signature, cash receipts

1st employee - G/L, reconcile, sales return and allowance (control)

2nd employee: Cash receipts journal, cash disbursement (assets)

3rd employee - A/R and A/p ledger (books)

Which of the following would be least likely to be considered an objective of internal control?

(1) Checking the accuracy and reliability of accounting data.

(2) Detecting management fraud.

(3) Encouraging adherence to managerial policies. (4) Safeguarding assets.

2 - Detecting management fraud.

The number of personnel in an information systems department may limit the extent to which segregation of duties is feasible. What is the minimum amount of segregation of duties that will permit satisfactory internal control?

There needs to be a minimum of 3 personnel in an information systems department to feasibly segregate duties.

Programming, operating, techical services

8 0
2 years ago
The primary advantage an entrepreneur gains by leasing rather than buying facilities is
gregori [183]
<span> a decrease in investment risk.</span>
5 0
3 years ago
Mister Jones was selling his house. The asking price was $220,000, and Jones decided he would take no less than $200,000. After
user100 [1]

Answer:

D) not able to be calculated from the information given.

Explanation:

Consumer surplus is the difference between willingness to pay of a consumer and the price actually paid for a good or service.

The price paid by Smith is $205,000 but there's no information on the willingness to pay of Smith. Therefore, the consumer surplus can't be calculated.

I hope my answer helps you.

5 0
2 years ago
In the following table, determine how each event affects the position of the long-run aggregate supply (LRAS) curve.
Soloha48 [4]

Answer:

  1. Will increase the labor force and the productive ability of the economy, which will shift the LRAS curve to the right.
  2. Will increase the price of oil and its subproducts (gas, plastic, etc.), which will shift the LRAS curve to the left.
  3. Will increase the productivity of the labor force, which will shift the LRAS curve to the right.

5 0
3 years ago
You have just applied for a 30year 100000 mortgage at a rate of 10%.what must be annual payment be?​
Fittoniya [83]

Answer:

The correct answer is "$10,607.92".

Explanation:

Given:

Amount borrowed,

P = 100000

Interest rate,

r = 10%

or,

 = 0.1

Time,

= 30 years

Now,

The annual payment will be:

⇒ A=P\times \frac{r(1+r)^n}{(1+r)^n-1}

       =100000\times \frac{0.1(1+0.1)^{30}}{(1+0.1)^{30}-1}

       =10,607.92 ($)

7 0
2 years ago
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