A post-closing trial balance is a list of ___ (permanent/temporary) accounts and their balances from the ___ (journal/ledger) (after/before) all___ (adjusting/closing) entries have been journalized and posted.
Answers
A post-closing trial balance is a list of permanent accounts and their balances from the ledger after all closing entries have been journalized and posted.
A post-closing trial balance is a list of permanent accounts and their balances from the ledger after all closing entries have been journalized and posted. This type of trial balance is utilized to ensure that the total debits equal the total credits in a corporation's general ledger after the closing of all temporary accounts.
The temporary accounts are eventually transferred to the income summary account, which is then closed to the capital account.
Temporary accounts are used to keep track of financial transactions over a particular period, such as a month, a quarter, or a year, and are often referred to as nominal accounts or income statement accounts.
Permanent accounts, on the other hand, record transactions on a long-term basis and keep the records of the company's financial position or balance sheet. They're also referred to as balance sheet accounts. This includes asset accounts, liability accounts, and equity accounts that are kept in the ledger.
A post-closing trial balance is a list of permanent accounts and their balances from the ledger after all closing entries have been journalized and posted.
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Related Questions
What is the difference between a total and a subtotal?
Answers
Explanation:
SUB-TOTAL:
The total for a part of a list of numbers being summed.
TOTAL:
An amount obtained by addition of smaller amounts.
Answer:
subtotal is all the different parts being added together from different list.
total is the all items being added together plus tax.
Explanation:
4 Select the correct answer. Which of these components is a part of the Central Processing Unit (CPU) of a computer?
Answers
Answer:
Control unit
Explanation:
Is a part of the "Central Ptocessing Unit (CPU)" of a computar. It is considerado a a "heart of the CPU.
A company in Maine sends lobsters to France What is Maine doing? Select three options
Answers
Answer:
Following are the answer to this question:
Explanation:
Some information is missing in the question. So, the correct choices can be described as follows:
i) practicing international trade
ii) exporting products
iii) participating in globalization
Maine has been globally traded because its, company transfers it's own goods at international frontiers when a client gives lobster with France in Maine. It exports products as its goods are manufactured in one nation, in this scenario the USA, is one other country, France in this case.Finally, it participates in the process of globalization because the company operates internationally by selling its products.Answer:
B. practicing international trade
C. exporting products
D. participating in globalization
What is savings?, How can you save in a bank? And why is it important?
Answers
Explanation:
Savings are the money one has saved, especially through a bank or official scheme.
You can save in a bank by frequently depositing money into a bank account.
Savings are important for the availability of money during emergencies or to avoid going into debt to pay for your necessities.
What is it an advantage to periodically monitor a corporation's risk management treatment plan?
Answers
Periodically monitoring a corporation's risk management treatment plan offers several advantages, ensuring the plan's effectiveness and adaptability to changing circumstances.
First, regular monitoring allows for timely identification and assessment of emerging risks, enabling the company to proactively address them and prevent potential negative impacts on its operations, reputation, and financial health.
Second, it enables continuous improvement by evaluating the effectiveness of implemented risk treatment measures. If a measure is found to be inadequate, corrective actions can be taken, allowing for a more effective risk management approach.
Third, a periodic review helps to maintain stakeholder confidence in the organization's risk management processes. By demonstrating a commitment to identifying and mitigating risks, the company can strengthen its relationships with investors, customers, and employees.
Lastly, regular monitoring ensures that risk management strategies remain in alignment with the company's overall objectives and evolving regulatory requirements. This alignment is crucial to maintaining the organization's long-term viability and success.
In summary, periodically monitoring a corporation's risk management treatment plan allows for the proactive identification of emerging risks, continuous improvement of risk treatment measures, enhanced stakeholder confidence, and alignment with both organizational objectives and regulatory requirements. This ultimately contributes to the company's resilience, stability, and success.
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Why would it be a good idea to mix stocks and bonds in your investment portfolio?
Answers
Answer:
To have more variety and just more in general!
Explanation:
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Which events could cause the change in demand shown on this graph?
Check all that apply.
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Answer:
Factors that can shift the demand curve for goods and services, causing a different quantity to be demanded at any given price, include changes in tastes, population, income, prices of substitute or complement goods, and expectations about future conditions and prices.
Where do you report a stolen credit card to efta standards or pci standards
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A merchant's PCI DSS compliance can be confirmed using the PCI Report on Compliance. The PCI DSS's standards and procedures were created to increase the security of credit card-based transactions and safeguard cardholder data from fraud and other unauthorized uses of their personal data.
To protect cardholders' private information and boost the security of transactions involving credit, debit, and cash cards, the Payment credit card Industry Data Security Standard (PCI DSS) is a well-known set of rules. PCI Compliance is NOT a one-time project but an ongoing practise. Merchants (the Business Owner) are in charge of overseeing the finances of their company's activities.
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1. Compare and contrast brokers and agents with merchant wholesalers. 2. Discuss the major public relations tools and the roles played by the internet and social media. 3. Find three examples of advertisements that incorporate socially responsible marketing in their messages. Some companies are criticized for exploring social issues or organizations by promoting them for their own gain. Do the examples you found do that
Answers
Answer:
One is owner and the other provides services.
Explanation:
The main difference between brokers and merchant wholesalers is that Merchant wholesalers buy products from manufacturers and sell to other shopkeepers while on the other hand, Agents and brokers are the people who provide buying and selling services. between sellers and buyers as they receive commissions according to their sales and don't buy products directly from manufacturer. Interaction between people, communication and education are the major roles played by the internet and social media.
BR Corporation is issuing Common Stocks that are expected to pay $27 dividend per year and this company is expected to grow at 4% per year. Concurrently, the expected rate of return on stocks with similar risk is 6 % per year. Based on this data, find the pure price per share of common stock issued by BR Corporation.
Answers
The pure price per share of common stock issued by BR Corporation can be determined using the dividend discount model (DDM). By discounting the expected future dividends at the expected rate of return, we can calculate the intrinsic value of the stock.
The dividend discount model (DDM) is used to calculate the intrinsic value of a stock based on its expected future dividends. In this case, BR Corporation is expected to pay a dividend of $27 per year and is projected to grow at a rate of 4% per year.
To find the pure price per share of the common stock, we can use the DDM formula:
Pure Price per Share = Dividend / (Rate of Return - Growth Rate)
In this case, the dividend is $27 per year, the rate of return is 6% per year (as stated to be the expected rate of return on stocks with similar risk), and the growth rate is 4% per year.
By plugging in these values into the formula, we can calculate the pure price per share of the common stock issued by BR Corporation.
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Sebastian has just graduated after four years of university. He took out an unsubsidized Stafford loan worth $8,180 to help pay for his tuition. The loan has a duration of ten years. If the loan has an interest rate of 5. 3%, compounded monthly, how much interest capitalization has occurred by the time he graduated? Round all dollar values to the nearest cent. A. $721. 93 b. $842. 25 c. $1,926. 97 d. $1,734. 24.
Answers
The loan is defined as the liability and present on the liability side of balance sheet. At the time of graduated $1,926.97 interest capitalization has occurred.
What is Interest Capitalization?
Interest capitalization generally increased the overall cost of loan through adding the amount that is unpaid to the principal amount.
Given the following :
Loan amount (L) = 8,180Interest rate (I) = 5.3%Period (n) = 4 yearsUsing the formula:-
A = L(1 + I/t)^nt
Where, A = final amount
t = number of compounding periods per year
A = 8180( 1 + 0.053/12)^(4 * 12)
A = 8180 ( 1 + 0.0044166)^48
A = 8180 * ( 1.0044166)^48
A = 8180 * 1.2355709
A = 10106.970
Final amount after 4 years = 10,106.970
Hence, amount Paid as interest over that period will be :
=Final amount - Loan amount
=10,106.970 - 8,180
= $1,926.97
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Productivity is an important goal for Clearwater Electronics. Like most productive organizations, Clearwater recognizes the contributions human resource management (HRM) can make to improve productivity through people. How can HRM best ensure that the work environment at Clearwater is one in which employees are productive and add value?
Answers
Answer:
HR managers can contribute by providing work organization and design that allow for an increase of output as well as quality
Explanation:
5. Describe at least three investments you want
to make with your income. Explain whether
each one is an equity investment or a debt investment, and explain why you chose these
particular types of investments
Answers
With the money I'd make, I'd like to buy a car as an equity investment.
This item was chosen because it would assist me in getting to work and other locations on my own.
I'd also like to utilize my money to purchase or rent a house, which would also be an equity investment and provide me with a place to live for an extended length of time.
I'd like to invest in a powerful firm that wants to do good in the world; this is a debt investment that would offer the world a strong face.
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you are managing a brand with low sales. awareness is at 20%, price is average, and satisfaction is high. what should you do? increase advertising. lower the price. reformulate the product. make no changes.
Answers
Option (A), You oversee a brand with weak sales. 20% of people are aware, prices are average, and customer satisfaction is high. You should boost your advertising.
What core characteristic of a brand can influence consumers' purchasing decisions by as much as 60%?Studies show that between 60 and 80 percent of the time, a product's color has an impact on a customer's choice to purchase it. This means that choosing the right hue might influence your entire sales in addition to enhancing brand connections.
How does advertising entice consumers?Advertising may increase sales by alerting current and potential customers about your new product launches, special offers, and improvements. In addition to reminding current customers of your company's brand, advertising can assist you in creating or developing one.
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where does McKenna grace live? Brainliest for the correct answer
Answers
Answer:
McKenna grace lives in Texas of America.
John buys a used car for $5,400 and spends $600 on new parts, made in the U.S., to fix the car. The end result of these two transactions isa. U.S. consumption purchases increase by $5,400 and U.S. GDP increases by $5,400.b. U.S. consumption purchases increase by $6,000 and U.S. GDP increases by $6,000.c. U.S. consumption purchases increase by $600 and U.S. GDP increases by $600.d. U.S. consumption purchases increase by $600 and U.S. GDP increases by $6,000.
Answers
Answer:
C
Explanation:
Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year
GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export
Net export = exports – imports
When exports exceed import there is a trade deficit and when import exceeds import, there is a trade surplus.
Items not included in the calculation off GDP includes:
1. services not rendered to oneself
2. Activities not reported to the government
3. illegal activities
4. sale or purchase of used products
5. sale or purchase of intermediate products
PLEASE HELP I'LL GIVE THE BRAINLIEST
Select the correct answer. Which of the following correctly matches the banking term with the appropriate definition?
A. A deposit is the total amount of money you have in the bank.
B. A withdrawal is an amount of money you take out of the bank.
C. Your balance is the money you put into the bank.
D. All of the above
Answers
Answer:
its answer is B a withdrawal is an amount of money you take out of the bank
How to use font style tool in word document
Answers
Answer:
♥〜 こんにちは〜 ♥
!
!
＼(●~▽~●)
who do you think is gonna win this election/who are you voting for?
Answers
Answer:
please mark me Brainliest: i think joe Biden will win definitely
Explanation:
Woodstock Binding has two service departments, IT (Information Technology) and HR (Human Resources), and two operating departments, Publishing and Binding. Management has decided to allocate IT costs on the basis of IT Tickets (issued with each IT request) in each department and HR costs on the basis of employees in each department.
The following data appear in the company records for the current period:
IT HR Publishing Binding
IT tickets 0 1,200 1,200 3,600
Employed 16 0 24 40
Department direct costs $152,000 $249,600 $430,000 $390,000
Required: Use the step method to allocate the service costs, using the following:
a. The order of allocation starts with IT.
b. The order of allocation starts with HR.
Answers
Using the step method, the service costs for Woodstock Binding can be allocated based on IT tickets and the number of employees, allowing for a fair distribution of costs among the operating departments.
Step 1: Allocate IT costs based on IT tickets.
- Divide the IT costs by the total number of IT tickets.
- Multiply the result by the number of IT tickets in each department to allocate the IT costs.
Step 2: Allocate HR costs based on employees.
- Divide the HR costs by the total number of employees.
- Multiply the result by the number of employees in each department to allocate the HR costs.
Step 3: Calculate the total allocated costs for each department.
Using the step method, the IT and HR costs can be allocated to the Publishing and Binding departments based on IT tickets and the number of employees, respectively. The allocation process ensures that the costs are distributed according to the usage and resources utilized by each department. This allows for a fair and appropriate distribution of the service costs among the operating departments. By allocating costs in this manner, Woodstock Binding can better understand and track the expenses incurred by each department, aiding in decision-making processes and cost management.
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According to the segment, when is career testing most effective?.
Answers
According to the segment career testing is most effective when it is When it is guided by a trained career counselor.
What is career testing?
These are assessments that are done to determine the skills that a person has for future jobs.
Career testing is very important for determining the core skills of a person and their soft skills. A counselor is very effective in helping out here:
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How did the Voting Rights Act influence the use of gerrymandering quizlet?
Answers
The Voting Rights Act has been construed by states to suggest that it is occasionally essential to create districts that benefit minorities, such as North Carolina's 12th Congressional District.
How has the Voting Rights Act of 1965 impacted redistricting?Voting techniques and procedures that discriminate on the basis of race, color, or membership in a language minority group are outlawed nationally under Section 2 of the Voting Rights Act. This restriction includes redistricting plans.
The results of state and House of Representatives elections have an impact on the presidential election due to gerrymandering. Since districts are irrelevant in presidential and senate contests, they are unaffected.Districts governed by historically marginalized people are aided through gerrymandering.
The manipulation could take the form of "cracking," which involves spreading out the supporters of the opposing party across several districts, or "packing," which involves concentrating the followers of the opposing party in one district in order to lessen their influence in other districts. Additionally, incumbents may benefit from gerrymandering.
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What are two ways you can show initiative at home or at school?
Answers
Answer:
Explanation:
You can take initiative at home when you keep your room clean or make your bed. Getting your homework done without reminders from parents .
SCHOOL.
Involve Yourself in Classroom Discussions.
Join Clubs, Teams or Organizations.
Volunteer for things at school.
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If the price of a pencil is $1.00 and the price of a pen is $2.00, what is the relative price? If the pencil
is $1.50 and the pen is $3.002 If the pencil is $2.00 and the pen is $3.00?
Answers
If the price of a pencil is $1.00 and the price of a pen is $2.00. 3 dollars will be the relative price.
$1 + $2 = $3
A price relative is the ratio of the charge of a selected product in a single period to the rate of the identical product in a few different period. In buying power parity (PPP) comparisons a rate relative refers to the ratios of the equal product in two international locations.
The nominal price of a great is its value in phrases of cash, including bucks, French francs, or yen. The relative or actual rate is its fee in terms of some other suitable, carrier, or package of goods.
Relative-price movements convey critical facts approximately the scarcity of specific items and offerings. A growing relative charge suggests that call for is outstripping deliver (or that supply is falling at the back of call for), while a falling relative price denotes just the other.
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The options strategy of a Bull Put Spread is best described by: Short a call with a strike price higher than the put you are long, on the same underlying asset Long a put with a strike price lower than the put you are short, on the same asset None of the answers Long a put with a strike price higher than the put you are short, on the same underlying asset Short a put with a strike price lower than the call you are long, on the same underlying asset
Answers
Answer:
Long a call with a strike price lower than the call you are short, on the same underlying asset
Explanation:
A bull put spread would involve one short put having a high strike price and 1 long put having a less strike price. It would be created for the net amount collected and the profits arise from increase in the stock price or from time erosion or from both the things
The option strategy that should be best described is that the call would be long having a strike price less than the short call for the similar underlying asset
A __________ is a combination of parts that function collectively to achieve a desired outcome.
Answers
A computing system is a combination of parts that function collectively to achieve a desired outcome. Computer device. a grouping of one or more computers, shared storage, and related software. synonyms include computer system, automated data processing system (ADP system), and ADPS, backup system kinds.
A system for backing up data on a computer. Mobile phones, keyboards, touchscreens, barcode scanners, touchpads, and other computer device are only a few instances of modern computer systems that we utilize. Library systems, emails, vacation reservations, cash registers, and the internet are all examples of computing system that we use on a daily basis.
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khan manufacturing bought a machine at the beginning of the year at a cost of $36,000. the estimated useful life was five years and the residual value was $2,000. assume the estimated productive life of the machine is 17,000 units. expected annual production was year 1, 3,400 units; year 2, 4,400 units; year 3, 3,400 units; year 4, 3,400 units; and year 5, 2,400 units. required: complete a depreciation schedule for the units-of-production method. prepare the journal entry to record year 2 depreciation.
Answers
This amount is calculated by taking the expected annual production for year 2 (4,400 units) divided by the total expected productive life (17,000 units) and multiplied by the cost of the machine ($36,000).
What is production?Production is the process of creating goods and services to meet customer demand. It is the transformation of inputs, such as raw materials, labor, capital, and energy, into products or services that add value to the customer. Production is a major factor of economic success and involves a variety of processes, including research and development, design, manufacturing, packaging and distribution.
Depreciation Schedule (Unit-of-Production Method):
Year 1: 3,400/17,000 x $36,000 = $10,353.53
Year 2: 4,400/17,000 x $36,000 = $13,882.35
Year 3: 3,400/17,000 x $36,000 = $10,353.53
Year 4: 3,400/17,000 x $36,000 = $10,353.53
Year 5: 2,400/17,000 x $36,000 = $7,235.29
Journal Entry to Record Year 2 Depreciation:
Debit: Depreciation Expense $13,882.35
Credit: Accumulated Depreciation $13,882.35
Explanation: The depreciation schedule above shows the amount of depreciation expense for each year of the machine's life. The journal entry is used to record the depreciation expense for year 2, which is $13,882.35.
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The first systematic chart ever made of an ocean current………by Benjamin Franklin.
Answers
Answer:
MARK ME BRAINLIEST PLEASE
Explanation:
was published
if a company uses _____ to measure taxable income, they must use the same method for external financial reporting.
a. Average cost
b. LIFO
c. FIFO
Answers
If a company opts for fifo for tax purposes, they should also apply the fifo method in their external financial reporting to maintain consistency and ensure that the financial statements reflect a true and fair view of the company's financial position and performance.
if a company uses the fifo (first-in, first-out) method to measure taxable Income , they must use the same method for external financial reporting. fifo assumes that the items or inventory acquired first are sold or used first, leading to the recognition of the oldest costs in the calculation of taxable income.
consistency between tax reporting and external financial reporting is generally required to maintain transparency and comparability in financial statements. using different inventory valuation methods for tax and financial reporting could result in discrepancies and make it challenging for stakeholders to evaluate a company's financial performance accurately.
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The minimum that a firm has to do to engage in international business is to__________.
Answers
The minimum that a firm has to do to engage in international business is to Export its products or services to other countries.
What is international business?The term "international business" refers to the exchange of commodities, services, technology, capital, and/or information between nations and beyond international boundaries. It entails carrying out business operations across borders, such as exporting and importing goods, forming joint ventures with international businesses, purchasing foreign businesses, or opening branches or subsidiaries abroad.
Globalization, improvements in communication and transportation technologies, and the liberalization of trade rules are just a few of the elements that influence international commerce. Access to new markets, reduced manufacturing costs, and the capacity to draw on fresh sources of talent and resources are just a few of the many advantages it may provide businesses.
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