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jenyasd209 [6]
2 years ago
11

On september 30, 2018, grover began preparing a trial balance worksheet. Which step occurs immediately after he prepares the inc

ome statement?
Business
1 answer:
Artist 52 [7]2 years ago
4 0

Balance Sheet occurs immediately after he prepares the income statement.

Balance Sheet:

  • The balance sheet is one of the three main financial statements used when evaluating a business. It offers a snapshot of the assets and liabilities of a corporation as of the publication date.
  • A balance sheet provides you with a quick overview of your company's financial situation at any given time. A balance sheet, along with an income statement and a cash flow statement, can aid business leaders in assessing the financial health of their organization.
  • The balance sheet is a vital instrument used by executives, investors, analysts, and regulators to understand the present financial situation of a firm. The other two types of financial statements, the income statement and the cash flow statement, frequently cohabit with it.

Learn more about Balance Sheet here brainly.com/question/1113933

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Navy core values, though fundamental to Naval operations, are overlooked in a TCRM situation. A ) True B ) False
pshichka [43]

Answer:

The correct answer is B) False.

Explanation:

The values of the army must always be taken into account, because they are the fundamental pillar of the institution. Any task or function that is performed in it, must be in accordance with those values, since otherwise it would be going in reverse to its missionary task.

7 0
3 years ago
Based on the article, As Middle Class Shrinks, P&G Aims High & Low, identify the environmental forces from among the six
Vladimir [108]

Answer:

All the above.

Explanation:

  • Based on the articles the middle-class shrinks P&G high and low are identified by the environmental factors that may impact the development of the firm in the market.

a) Social : The Social factor in the external environment of the form will be related to the firm showing the product whether it's accepted by the society at large.

b) Cultural : This aspect will focus on the moral and ethical principles of the company wants to portray.

c) Demographic : Factors related to the people and their age structures as they are customers users of the products.

d) Economic : In terms of the revenue maximization and profit motive should target with the appropriate amount.

e) Competitive : As the markets are highly competitive the demand for the product and the market values will be dependent on the company position of the product.

f) Technological has a larger and integrated role to play.

5 0
4 years ago
Sweet Dreams sells 15,000 pillows per year for $25 per unit. Variable cost per unit is $14. Sweet Dreams wants to improve custom
Radda [10]

Answer:  The answer is $27.25

Explanation:

Let x be the price Sweet dreams will charge to earn the profit of $75,000

New sales units = 20,000

New variable cost = $19

We know, Sales - Variable cost - Fixed cost = Profit

Now applying the equation,

 20,000x - (20,000*19) - 90,000 = $75000

 20,000x = $75,000 + 380,000 + 90,000

therefore, x = $27.25

So, Sweet Dreams will charge $27.25 to earn the same profit it is earning now i.e. $75000 per year.

4 0
3 years ago
On April 1, 20Y8, Maria Adams established Custom Realty. Maria completed the following transactions during the month of April:
KiRa [710]

Answer:

Cash + Supplies = Accounts Payable + common stock - dividends + sales commission - Rent expense.

$20,000 + 2,520 = $2,520 - $1,590 + 25,700 - $5,040 - $8,000 - $2,420 - $1,160 - $3,030 - $850

Explanation:

The effect of transaction is listed above. The effect will be on the balance sheet. These transaction have impacts on various accounts assets side is impacted and liability side is impacted. Equity is affected when there is payment of dividends and stock capital issuance.

4 0
3 years ago
The same amount of principal is invested in different accounts earning the same interest rate. Which of the following accounts w
Sophie [7]
D.) An account earning interest compounded daily.

This is the account that would have the greatest accumulated value at the end of one year.

Let us assume the following figures.
Principal = 1,000
Interest rate = 12% p.a.
Term 1 year 

a) account earning no interest = 1,000
b) account earning simple interest
S.I. = 1,000 x 12% x 1 = 120 
Balance = 1000 + 120= 1,120
c) account earning interest compounded annually
FV = 1,000 (1+.12)¹
FV = 1,000 (1.12)
FV = 1,120
d) account compounded daily
FV = 1,000 (1 + .12/365)³⁶⁵
FV = 1,000 (1 + 0.00033)³⁶⁵
FV = 1,000 (1.00033)³⁶⁵
FV = 1,000 (1.128)
FV = 1,128

6 0
3 years ago
Read 2 more answers
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