For Precise Monetary Calculations, Use Class____________(package Java

question 9

Multiple Choice

For precise monetary calculations, use class____________(package java.math) -rather than type double-to represent the monetary amounts and perform calculations.

• A) MonetaryAmount
• B) Cash
• C) BigDecimal
• D) None of the above.

Understand how accounting errors in discount calculations impact financial statements.

Recognize the correct methods for posting transactions to the General Ledger and subsidiary ledgers.

Identify the role and workings of subsidiary ledgers and controlling accounts.

Comprehend how sales taxes affect recording sales transactions.

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Definitions:

Punishment By Removal

The punishment of a response by the removal of a pleasurable stimulus.

Negative Reinforcement

A response or behavior is strengthened by stopping, removing, or avoiding a negative outcome or aversive stimulus.

Extinction

In behavioral psychology, the process through which a conditioned response is weakened by presenting the conditioned stimulus without the unconditioned stimulus, eventually leading to the response diminishing or disappearing.

Operant Conditioning

A method of learning that employs rewards and punishments for behavior, influencing the likelihood of that behavior being repeated.