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A management accountant oversees cash reconciliation, cash management, and reporting the cash balances to external users of operational and financial information. Upon reviewing the comparison between deposits and bank statements, the accountant notices some differences. What is an appropriate course of action to take? Management can reduce the opportunity risk of fraud by instituting a mandatory review of all entries, reports, and management dashboards before final approval. The only course of action would be to take would be to report the discrepancy as fraudulent activity since the transactions involve cash. Bringing this discrepancy to the attention of management, at appropriate levels, and discussing it with other individuals working in the cash management function, is an appropriate first step to take in this situation. Since the management accountant is only involved in a portion of the process, the final review, there is no need for the management accountant to report any potential issues. The equilibrium price of the Special Jeans brand of jeans is $30 per pair, with Special Jeans selling 500,000 pairs per month. The price of clothing drops, and the price of jeans decreases to $25 per pair. Eventually, Special Jeans decreases production, offering only 400,000 pairs per month. What is the elasticity of supply for the jeans? 0.05 . 1.00 1.22 . 0.82