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2 years ago

A form used to organize and check data before preparing financial reports is known as a(n)?

Business

1 answer:

BaLLatris [955]2 years ago

5 0

A form used to organize and check data before preparing financial reports is known as Worksheet.

An accounting worksheet is a record used in the accounting department to research and version account balances. A worksheet is useful for making sure that accounting entries are derived efficiently. it is able to additionally beneficial for tracking the adjustments to an account from one length to the next.

it's far a tool used for clean coaching of changing entries and financial statements. The worksheet is a multi-column sheet or a computer spreadsheet wherein the accountant writes, in short, information vital for the education of changing entries and financial statements.

Benefits of using Worksheet- Aids in the education of financial statements. - link bills and adjustments to their effect on financial statements. -enables in making ready period in-between (monthly and quarterly) financial statements when journalizing adjusting entries is postponed till year-give up.

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Proco had an account payable of $6,400 due to Shirmoo Inc., one of its suppliers. The amount was due to be paid on January 31. P

Anna007 [38]

Answer:

assets = liabilities + equity

a) NA - $6,400 AP

net effect $0

b) NA + $128 interest - $128 retained

payable earnings

c) -$6,528 cash -$6,400 NP NA

-$128 interest p.

revenue - expenses = income

a) NA NA NA

b) $0 $128 -$128

c) NA NA NA

8 0

3 years ago

shanghai company sells glasses, fine china, and everyday dinnerware. it uses activity-based costing to determine the cost of the

Vsevolod [243]

Shipping cost per item: glasses 28, china 56, and dinnerware 84

(B) 3,500 boxes of china, 196,000 transportation cost

Explanation:\s(A)\shipping $14 a pound.

2 pounds times $14 equals 28 for a carton of glasses.

A box of daily dinnerware weights 6 pounds x $14 = 84 and a box of china weighs 4 lbs x $14 = 56.

(B) 3,500 pounds of china times 56 equals 196,000

<h3>What does "shipping cost" mean?</h3>

Costs associated with transporting cargo from Point A to Point B are commonly referred to as shipping costs. The cost of shipping may include a number of components, depending on the type of contract.

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4 0

1 year ago

Emergency funds are important because they ____________.

WITCHER [35]

Emergency funds are important because they B. are available when they are most needed, such as after a job loss. Emergency funds that are funds set aside for an emergency, out of the options above, this is when they are most needed. It is important to have an emergency fund set up because you can not prepare for what may happen and when, but having the funds prepared incase something does allows for much less stress.

4 0

3 years ago

Read 2 more answers

Stoneheart Group is expected to pay a dividend of $3.27 next year. The company's dividend growth rate is expected to be 3.4 perc

shepuryov [24]

Answer:

The stock price is $37.16

Explanation:

Dividend Valuation method is used to value the stock price of a company based on the dividend paid, its growth rate and rate of return. The price is calculated by calculating present value of future dividend payment.

Formula to calculate the value of stock

Price = Dividend / ( Rate or return - growth rate )

Price = $3.27 / ( 12.2% - 3.4% )

Price = $3.27 / 12.2% - 3.4%

Price = $3.27 / 8.8%

Price = $37.16

7 0

3 years ago

Assume a machine that has a useful life of only one year costs $2,000. Assume, also, that net of such operating costs as power,

VashaNatasha [74]

Answer:

D. 15 percent

Explanation:

Cost of the machine = $2,000

Having considered operating costs as power, taxes, and so forth, the additional revenue from the output of this machine is expected to be $2,300

Expected return = $2,300 - $2,000

= $300

Therefore, the rate of returns

= Returns/cost

=300/2000

= 0.15

In Percentage, 15%. The expected rate of return on this machine is 15%

7 0

4 years ago