Solve the Problem $\frac { 1 } { 9 } \text { million per year }$

question 38

Short Answer

Solve the problem.
-In 1980, the population of a city was 5.5 million. By 1992 the population had grown to 6.5 million. Find the average rate of change in population from 1980 to 1992..
A) $\frac { 1 } { 9 } \text { million per year }$
B) $\frac { 1 } { 12 } \text { million per year }$
C) $\frac { 1 } { 14 } \text { million per year }$
D) $\frac { 13 } { 24 } \text { million per year }$

• A) \(\frac { 1 } { 9 } \text { million per year }\)
• B) \(\frac { 1 } { 12 } \text { million per year }\)
• C) \(\frac { 1 } { 14 } \text { million per year }\)
• D) \(\frac { 13 } { 24 } \text { million per year }\)

Comprehend the purpose and components of a bank reconciliation process.

Identify items that require adjustment in a bank reconciliation and their effects on the balance per books and balance per bank.

Understand the roles and responsibilities in the management of cash disbursements and the importance of control activities such as segregation of duties and use of prenumbered cheques.

Differentiate between items that would and would not require an adjusting entry on the depositor's books.

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Definitions:

Autonomy

The power to independently decide in an informed and free manner.

Affiliation

The connection, association, or relationship between individuals or groups, often established for mutual benefit or to meet a common goal.

Ostracism

refers to the exclusion from a society or group.

Chain Migration

A process by which immigrants sponsor several other relatives for immigration, creating chains of people linked by family ties.