Answer:
The correct answers are letters "A", "C" and "D": All accounts with balances are included in the report; The report is prepared for a range of dates; The total of the debit column must equal the total of the credit column.
Explanation:
A Trial Balance is a worksheet detailing the debit and credit balances of all the accounts for the company. According to accounting theory, the sum of all debits will be the sum of all credits for a given period. Relevant accounting activity of previous periods can be included. Since the trial balance is a list of all accounts, it acts as a test of accuracy.
Answer:
Infant industry.
Explanation:
In this scenario, Company Z is a U.S. company that is the first in this country to produce a good that is already produced in many foreign countries and sold in the United States. Most likely, the argument it will voice in its attempt to be protected from foreign competition is the infant industry argument.
An infant industry can be defined as an industry that is still in its early stages of development and as such are not capable of competing with foreign companies.
<em>Hence, according to the infant industry theory the argument would be that infant industries should be offered some kind of protection from competitors in other industries either foreign or local until they mature and develop a good and reputable economies of scale. </em>
Answer:
1.5 cars
Explanation:
Three employees can produce a total of:
= 4 × 3
= 12 cars in an hour.
Five employees can produce a total of:
= 3 × 5
= 15 cars in an hour
So, the increase in total product of labor as I increase the labor from 3 to 5 employees:
= Total product when 5 employees are hired - Total products when 3 employees are hired
= 15 - 12
= 3 cars.
So, the marginal product of moving from 3 to 5 workers:
= 3 ÷ 2
= 1.5 cars
Answer:
c. 32.99%
Explanation:
Risk yield = bond yield*(1 - Federal tax rate)
6.50% = 9.70%*(1 - Federal tax rate)
1 - Federal tax rate = 6.50%/9.70%
Federal tax rate = 1 - 6.50%/9.70%
= 32.99%
Therefore, The federal tax rate that you are indifferent between the two bonds is 32.99%
