Damon Davis was creating the Drano Plumbing Company's spreadsheet. According to his estimates, the net revenue would be $50,000. Who knows what the most probable cause of this mismatch was, but his Total Balance Sheet Columns showed a deficit of $400,000 and a credit of $300,000, which he summed together and calculated as follows: Why shouldn't this be the case, and what should he do to locate the issue's root cause?

Damon Davis was creating the Drano Plumbing Company's spreadsheet. According to his estimates, the net revenue would be $50,000. Who knows what the most probable cause of this mismatch was, but his Total Balance Sheet Columns showed a deficit of $400,000 and a credit of $300,000, which he summed together and calculated as follows: Why shouldn't this be the case, and what should he do to locate the issue's root cause?

Management Of Information Security

6th Edition

ISBN:9781337405713

Author:WHITMAN, Michael.

Publisher:WHITMAN, Michael.

Chapter10: Planning For Contingencies

Section: Chapter Questions

Problem 1EDM

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Damon Davis was working on the company's spreadsheet for Drano Drain and Sewer Service. Based on his estimates, he concluded that a net income of $50,000 would result. He totaled up the amounts in the Total Balance Sheet Columns, which indicated a deficit of $400,000 and a credit of $300,000, and came up with the following: We can only speculate as to the true cause of this disparity. If this isn't the case, then how can he tell where the issue is coming from?
Damon Davis was preparing the spreadsheet for Drano Plumbing Company. He calculated that the net income would be $50,000. His Total Balance Sheet Columns indicated a $400,000 deficit and a $300,000 credit, which he combined and computed as follows: Who knows what the most probable cause of this disparity was. If this is not the case, how should he proceed to determine the root of the problem?
The spreadsheet for Drano Plumbing Company was being prepared by Damon Davis. He estimated that the net income would be $50,000 in his calculations. His Total Balance Sheet Columns showed a deficit of $400,000 and a credit of $300,000, which he added together and calculated as follows: Who knows what the most likely reason was for this discrepancy. Shouldn't this be the case, what should he do to identify the source of the problem?
The worksheet for the Drano Plumbing Company was prepared by Damon Davis. He determined that his net income was $50,000. He added up the $400,000 shortfall on his Total Financial Sheet Columns and the $300,000 credit, and then he calculated: Who is aware of the most likely explanation for this disparity? If such is the case, how should he go about locating the issue?
Damon Davis was putting the finishing touches on the paperwork for Drano Plumbing. He estimated that the net profit would be $50,000. When he tallied the columns on the Balance Sheet, he saw that the debit column equaled $400,000 and the credit column totaled $300,000. What was the most likely reason for the discrepancy in results? If this was not the root of the problem, what should he do to identify the source of the problem?
Damon Davis was finalising Drano Plumbing's paperwork. He projected a $50,000 net profit. When he added up the columns on the Balance Sheet, he saw that the debit column amounted to $400,000 and the credit column amounted to $300,000. What was the most probable cause of the outcome discrepancy? If this was not the cause of the issue, how should he proceed to ascertain its origin?
Damon Davis was creating the Drano Plumbing worksheet. He estimated a $50,000 net profit. His totals for the Balance Sheet columns were $400,000 negative and $300,000. What caused this disparity? What should he do if this wasn't the problem?
Damon Davis was doing the paperwork for Drano Plumbing. He estimated a net profit of $50,000. He discovered that the debit column on the balance sheet totaled $400,000 and the credit column, $300,000, when he added up the columns. What was the difference in the results' most likely cause? What should he do if this wasn't the root of the problem? How can he find out where it came from?
Damon Davis was working on the Drano Plumbing Company's spreadsheet. He estimated a $50,000 net profit. When he added up the column totals on the Balance Sheet, the totals were $400,000 for debit and $300,000 for credit. What was the most likely reason for the disparity? What should he do if this was not the problem?
Damon Davis was finalizing the paperwork for Drano Plumbing. He projected a net profit of $50,000. When he added up the columns on the Balance Sheet, he saw that the debit column was equivalent to $400,000 and the credit column was equal to $300,000. Which of the following was the most probable explanation for the mismatch in results? If this was not the cause of the issue, what should he undertake to ascertain its origin?
In the office of Drano Plumbing, Damon Davis was finishing off some paperwork. A net profit of $50,000 was predicted by him. The Balance Sheet showed a deficit of $400,000 and a credit of $300,000 when he added up the two columns. So, what do you think caused the findings to be so different? What more might he check to see whether that's the issue, if this wasn't the cause?
Damon Davis was creating the Drano Plumbing Company's spreadsheet. He determined that the net income would be $50,000. When he tallied the columns on the Balance Sheet, the totals were as follows: debit, $400,000; and credit, $300,000. What was the most likely reason for this discrepancy? If this was not the case, how should he proceed to determine the source of the error?