Answer:
The correct answer is D
Explanation:
Horns error is the term which defined as the error, where the opinion of one is color with the opinion of the others. This kind of error involves or comprise the negative ratings. This will be called as the horns error.
In this case, an employee computed the manager low on all the performance due to the dissatisfaction with the disposition of the manager. So, the employee committed to a horns error.
Answer:
<em>Adjustment</em><em> </em><em>are </em><em>made </em><em>at </em><em>the </em><em>end</em><em> </em><em>of </em><em><u>every</u></em><em><u> </u></em><em><u>accounting</u></em><em><u> </u></em><em><u>period</u></em><em><u> </u></em><em><u>to </u></em><em><u>report</u></em><em><u> </u></em><em><u>revenues</u></em><em><u> </u></em><em><u>and </u></em><em><u>expenses</u></em><em><u> </u></em><em><u>in </u></em><em><u>the </u></em><em><u>proper </u></em><em><u>period</u></em><em><u> </u></em><em><u>and </u></em><em><u>assets </u></em><em><u>and </u></em><em><u>liabilities</u></em><em><u> </u></em><em><u>at </u></em><em><u>appropriate</u></em><em><u> </u></em><em><u>amounts.</u></em>
Answer:
You could have done a transaction that you didn't take into consideration in the check register.
this might be:
1. check
2. debit card withdrawal or POS transaction
3. Bank charges
4. fees for an order of checks
Answer: Demand for money will Increase
Explanation:
As banks are paying interest on checking accounts, these accounts will become more attractive, people will want to take advantage of this and so they will demand more money.
This will enable them to deposit in checking accounts where they can earn the interest the banks are paying.
Answer and Explanation:
The consequences of given transactions are as follows
a. Revenues rise by $3.2 million as the firm received an order
b. Earnings rise by $1.5 million as the firm received an order and it filled by an orders i,e ($3.2 - $1.7)
c. Receivables rise by $1.80 million as it determines the remaining balance which ultimately increased the receivable balance
d. Inventory declined by $1.7 million as the order is filled which ultimately declines the stock
e. The cash would rise by $1.4 million
= Earnings - receivable + inventory
= $1.5 million - $1.80 million + $1.7 million
= $1.4 million
