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MAXImum [283]
1 year ago
6

he post-closing trial balance differs from the adjusted trial balance in that it does not a.include income statement accounts b.

take into account closing entries c.take into account adjusting entries d.include balance sheet accounts
Business
1 answer:
marshall27 [118]1 year ago
8 0

Trial balance is a statement of all debits and credits in a double-entry account book is does not include income statement accounts.

What is trial balance?

An accounting worksheet where the balance of all general ledger accounts for debit and credit is equal is referred to as a "trial balance" in a financial report.

Because they are entries of the statements of operation expenses and revenue, trial balances are included in account closure entries and account adjusting entries but not in balance sheet accounts or income statement accounts.

As a result, option a is correct does not included income statement account.

Learn more about on trial balance, here:

brainly.com/question/15059786

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If Cute Camel’s forecast turns out to be correct and its price/earnings (P/E) ratio does not change, what does the company’s man
Llana [10]

Cute Camel Woodcraft Company Just reported earnings after tax (also called net income) of $9, 750,000, and a current stock price of $36.75 per share. The company Is forecasting an increase of 25% for its after-tax income next year, but it also expects it will have to issue 2, 900,000 new shares of stock (raising its shares outstanding from 5, 500,000 to 8, 400,000). If Cute Camel's forecast turns out to be correct and its price-to-earnings (P/E) ratio does not change, what does the company's management expect its stock price to be one year from now? (Round any P/E ratio calculation to four decimal places.)

Answer:

The scenario says that

Previous P/E ratio = New P/E ratio after issuance of ordinary shares and increase in earnings after tax

So we have to only find previous data before any changes to find previous P/E ratio which is equal to new P/E ratio. This means it could be used to find new share price which has changed due to increase earnings and ordinary shares.

Previous P/E ratio =  ($36.75 per share * 5,500,000 shares)/$9,750,000

= $20.7308 per share

New P/E Ratio = Market Value of total ordinary shares / Total Earnings

Previous (P/E) = Share price * Total ordinary shares / prev. ear. * 125%

This implies

Share price = Previous (P/E) * Previous earnings * 125% / Total ordinary shares

Share price = $20.7308 / share * $9,750,000 *125% / $8,400,000

Share price = $30.0781 per share.

5 0
2 years ago
Which type of credit is most likely to be unsecured?
joja [24]

The correct answer is B and D.

B. Credit cards.

D. Personal loans.

Unsecured loans are not backed by collateral. Based on the financial history is how the lender decides if someone qualifies for a loan.

If someone defaults on unsecured loan then the lender can not take your property automatically.

Example of unsecured loans include, student loan, personal loan, and credit cards.

The unsecured loan is not good because the APR is higher than the secured one reason being there is no assets which underlines for the creditor to stop if someone does not pay.

6 0
3 years ago
Read 2 more answers
Customer: An entity that describes a customer. An instance occurs for unique customers only using name, date of birth, and login
Tasya [4]

Answer:

1. The relationship between customer and Online - One to one

2. The relationship between customer and Satisfaction - One to many

3. The relationship between online and visits - Many to many

4. The relationship between Visits and satisfaction - Prototype

Explanation:

The relation ship with customer is often one to one. The customers are required to fill the satisfaction surveys which enable the business to understand their value in the eyes of its customers and try to improve their level of service to their customers. The customer satisfaction is important for any business as the satisfied customer may bring more customers.

5 0
2 years ago
Grason Corporation is preparing a budgeted balance sheet for 2018. The retained earnings balance at December 31, 2017 was $533,5
olga nikolaevna [1]

Answer:

D. $605,500

Explanation:

The computation of the expected balance in retained earnings on the 2018 is shown below:

The ending balance of retained earning = Beginning balance of retained earnings + net income - dividend paid

= $533,500 + $112,000 - $40,000

= $605,500

We simply applied the above formula so that the ending balance could arrive by considering all the items given in the question  

3 0
3 years ago
Instructing your broker to buy or sell a stock at a particular price is a:
Liula [17]
Trading or Marketing guides/instructions
5 0
2 years ago
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