Answer:
<em>
B) that Nimbus has a matrix structure</em>
Explanation:
Yes absolutely the above information is true, and from the following statement that can be fittingly inferred is given in OPTION(B).
<em>Because matrix structure is something in that organizational structure of the company has a single record that is given to multiple administrator.</em>
So, therefore as we can see in the scenario that Nimbus Inc. is also has a matrix structure.
Answer:
Balance = $1,650
Explanation:
As Norma company has paid 4 months rent in advance, therefore at the end of June, norma company will record its 1-month expense as follows
Adjusting entry at the end of June would be
DEBIT CREDIT
Entry
Rent Expense $550
Prepaid Rent $550
The balance on Norma's prepaid expense would be
Prepaid Rent = $2200
Rent Expense = ($550)
Balance = $1,650
Answer:
c. 42.6%
Explanation:
Average total assets = $410,000+$257,000/2
Average total assets = $667,000
Average total assets = $333,500
Net income = $112,000
Interest expenses = $30,000
Return on total assets = Net income + Interest expenses / Average total assets
Return on total assets = $112,000 + $30,000 / $333,500
Return on total assets = 0.42388060
Return on total assets = 42.39%
Answer:
A payment of $148 to a creditor was posted as a debit to Accounts Payable and a debit of $148 to Cash.
Explanation:
Even if the others are wrong, they by themselves wouldn´t cause the trial balance to be out of balance, because in the end they have similar of the same amount of money in debit and credit, the only one that would make the trial balance to be out of balance would be A payment of $148 to a creditor was posted as a debit to Accounts Payable and a debit of $148 to Cash. because as you can see it has both transactions in the debit side, and when doing trail balances for every debit there is always a credit with the same amount.
Answer:
a financial institution that'll accept deposits, offers checking account services, and makes various loans and financial products
Explanation:
