The Top Number of a Common Fraction Is Called the ____________________

question 18

Short Answer

The top number of a common fraction is called the ____________________.

Grasp the concept and purpose of internal control within a company.

Identify and list company policies that would strengthen internal control.

Understand the adjustments needed for reconciling the book and bank statements.

Comprehend the treatment of bank service charges and interest earned in reconciliations.

---

Definitions:

Market Price

The current price at which an asset or service can be bought or sold in a given market.

Equilibrium Price

The market price where the quantity of goods supplied is equal to the quantity of goods demanded.

Equilibrium Quantity

The quantity of goods or services that is supplied and demanded at the equilibrium price, where demand equals supply.

Price Ceiling

A government-imposed limit on how high a price can be charged for a product, service, or commodity.