Answer:
A.
Explanation:
The accounting cycle is the name given to the collective process of recording and processing the accounting events of a company. The series of steps begin when a transaction occurs and end with its inclusion in the financial statements.
Upon the posting of adjusting entries, a company prepares an adjusted trail balance followed by the financial statements. An entity closes temporary accounts (revenues and expenses) at the end of the period using closing entries. These closing entries transfer net income into retained earnings. Finally, a company prepares the post-closing trial balance to ensure debits and credits match.
Steps:
-Journal
-Ledger
-Trail Balance
-Adjustment Entries
-Trading Account
-Profit or loss account
-Final accounts
-Post closing Trail Balance
Answer: $68,000
Explanation:
If the inventory that remains is the $46,000 then that means that the cars costing $33,000 and $24,000 have been sold.
With specific identification, the actual prices of the stock are used so the cost of goods sold is:
= 24,000 + 33,000
= $57,000
The gross profit is therefore:
= Sales - Cost of goods sold
= 125,000 - 57,000
= $68,000
Answer:
(A) she's not consistent in her approach
Explanation:
Charmagne is not consistent in her aproach because she thinks that employees should do what is expected all year long but her evaluations are based on the most recent three month's performance. Her actions impact the overall system because she is only considering the most recent months and not the whole period and that can make a difference because taking just a small sample can make things look different from reality specially when talking about the performance of an employee. For example, a mistake that happened in the last three months can make a good employee look bad and several mistakes someone made in the months that are not considered can make a bad employee look good.
Answer:
Business cycle
Explanation:
Cyclical unemployment is when employment level changes with the business cycles. Unemployment increases when there's a downturn in the economy and reduces when there's an upturn in the economy.
During downturns, firms demand for labour falls and unemployment increases.
During a boom, firms demand for labour increases and unemployment falls.
I hope my answer helps you
