A Tiny Spring,with a Spring Constant of 1

question 61

Multiple Choice

A tiny spring,with a spring constant of 1.30 N/m,will be stretched to what displacement by a 0.00500-N force?

• A)3.85 mm
• B)7.69 mm
• C)11.5 mm
• D)6.50 mm
• E)3.25 mm

Execute journal entries related to petty cash transactions, identifying discrepancies and adjusting accounts appropriately.

Evaluate the need and procedures for maintaining compensating balances with banks.

Diagnose signs of potential internal control problems within an organization.

Understand the differences in financial outcomes between FIFO and LIFO inventory costing methods during periods of increasing costs.

---

Definitions:

Interest Accrued

The accumulation of interest on a loan or bond that has been earned but not yet paid.

Periodic Inventory Method

An inventory accounting method where physical counts are used to determine the cost of goods sold and ending inventory at specific intervals.

Petty Cash

A small amount of cash on hand used for covering minor expenses in an organization.

Periodic Inventory Method

An accounting method where inventory is updated and the cost of goods sold (COGS) is calculated at the end of an accounting period, instead of recording inventory transactions as they happen.