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Answer:
The correct answer is:
- Journalized business transactions are posted to the ledger.
- An unadjusted trial balance is prepared.
- Financial statements are prepared.
- Closing entries are journalized and posted to the ledger.
- A post-closing trial balance is prepared.
Explanation:
The following phases or stages are distinguished in the accounting process or cycle:
- Initial situation balance.
- Accounting opening.
- Record of the operations of the year.
- Periodification
- Adjustments prior to the determination of the benefit - or loss - generated in the year.
- Balance check sums and balances.
- Calculation of the result.
- Accounting closing.
- Annual accounts.
- Distribution of the result.
Answer: D inventory conversion period
Explanation:
Inventory conversion period reports us about the average time to convert our total inventory into sales. It is relationship between total days in year and inventory turnover ratio. In other words, it measures the length of time on average between the acquisition and sale of merchandise.
Answer:
The answer is =16.7%
Explanation:
Earnings before interest and taxes(EBIT) = $145,000
Tax rate is 25%
Therefore, the applicable tax rate on the earnings is 100% - 25% = 75%
So the Net income is 0.75 x $145,000
Net income = $108,750
The project is financed by 100percent equity and the cost is $650,000.
ROE(Return on Equity) = net income/equity
$108,750/$650,000
=16.7%
Policies related to setting interest rates, management of money supply, and the buying/selling of treasury bonds are referred collectively as <u>Monetary policy</u>
Monetary policy is primarily involved with the management of interest rates and the total pool of money in circulation and is generally taken out by central banks, such as the U.S. Federal Reserve.
<h3>What is monetary policy and fiscal policy?</h3>
Monetary policy refers to central bank activities that are headed toward influencing the amount of money and credit in an economy. By contrast, fiscal policy guides to the government's decisions about tax and spending. Both monetary and fiscal policies are used to control economic activity over time
To learn more about Monetary policy, refer
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