Stephen used a reconciliation worksheet, but his checkbook balance does not match the final worksheet balance. evaluate the following list of possible errors that he has made. decide which items could potentially correct this problem if found and corrected. item number name of potential error explanation of what to verify i clearing the checkbook all the transactions on the statement that match transactions in the checkbook should be marked as cleared in the checkbook. ii correcting checkbook omissions all transactions on the statement that were not found in the checkbook should have been entered into the checkbook. iii outstanding credits and debits verify that the sum of outstanding credits and the sum of outstanding debits are correct. iv math verify that all addition and subtraction has been done correctly and there are no transpositions of numbers. v previous reconciliation verify that the previous reconciliation was performed correctly, and that all cleared items are marked as such in the checkbook. choose the option below that correctly describes the items that could have caused this problem with stephen’s reconciliation. a. i, iii, iv, and v could cause the problem, but not ii. b. i, ii, iii, and v could cause the problem, but not iv. c. all five of the potential errors could cause this sort of problem. d. i and ii could cause the problem since there are no math errors.

Each of the following scenarios is based on facts in anactual fraud. categorize each scenario as primarily indicating (1) anincentive to commit fraud, (2) an opportunity to commit fraud, or(3) a rationalization for committing fraud. also state your reasoningfor each scenario.a. there was intense pressure to keep the corporation ' stock from declining further. this pressure came from investors, analysts,and the ceo, whose financial well-being was significantly dependent on the corporation ' s stock price.b. a group of top-level management was compensated (mostly in the form of stock-options) well in excess of what would be considered normal for their positions in this industry.c. top management of the company closely guards internal financial information, to the extent that even some employees on a “need-to-know basis” are denied full access.d. managing specific financial ratios is very important to the company, and both management and analysts are keenly observant of variability in key ratios. key ratios for the company changed very little even though the ratios for the overall industry were quite volatile during the time period.e. in an effort to reduce certain accrued expenses to meet budget targets, the cfo directs the general accounting department to reallocate a division’s expenses by a significant amount. the general accounting department refuses to acquiesce to the request, but the journal entry is made trough the corporate office. an accountant in the general accounting department is uncomfortable with the journal entries required to reallocate divisional expenses. he brings his concerns to the cfo, who assures him that everything will be fine and that the entries are necessary. the accountant considers resigning, but he does not have another job lined up and is worried about supporting his family. therefore, he never voices his concerns to either the internal or external auditors.f. accounting records were either nonexistent or in a state of such disorganization that significant effort was required to locate or compile them.

Alicia has a collision deductible of $500 and a bodily injury liability coverage limit of $50,000. she hits another driver and injures them severely. the case goes to trial and there is a verdict to compensate the injured person for $40,000 how much does she pay?

An insurance company estimates the probability of an earthquake in the next year to be 0.0015. the average damage done to a house by an earthquake it estimates to be $90,000. if the company offers earthquake insurance for $150, what is company`s expected value of the policy? hint: think, is it profitable for the insurance company or not? will they gain (positive expected value) or lose (negative expected value)? if the expected value is negative, remember to show "-" sign. no "+" sign needed for the positive expected value