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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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You might be interested in
Premium Company makes cardboard boxes. During the most recent accounting period Premium paid $60,000 for raw materials, $48,000
just olya [345]

Answer:

The correct answer is B.

Explanation:

Giving the following information:

Raw material= $60,000

Direct labor= $48,000

Overhead= $52,000

Premium Company started and completed 400,000 boxes.

First, we need to calculate the total manufacturing cost and unitary cost:

Total cost= Direct material + direct labor + overhead

Total cost= 60,000 + 48,000 + 52,000= 160,000

Unitary cost= 160,000/400,000= $0.4 per box

Now, we can calculate the selling price:

Selling price= Unitary cost*mark up= 0.4*1.40= $0.56

7 0
3 years ago
What are the three aspects of corporate organization according to the economics of organizational architecture article?
Iteru [2.4K]

Answer:

The three aspects of corporate organization according to the economics of organizational architecture article are;

Decision Right Assignments

Reward System

Performance Evaluation

7 0
3 years ago
In a small​ economy, consumption spending is​ $6,000, government purchases are​ $1,200, gross investment is​ $1,500, exports are
Karo-lina-s [1.5K]

Answer:

$9700

Explanation:

Given that

C = 6000

G = 1200

I = 1500

X= 2000

M = 1000

Recall that,

GDP = C + I + G + ( X - M)

therefore

GDP = 6000 +1500 + 1200 + (2000 - 1000)

= 8700 + 1000

= 9700

Therefore, GDP = $9,700

5 0
3 years ago
Read 2 more answers
Employees at Fratelli Inc. are encouraged to participate in decision making. Organizational control is based on group norms and
BARSIC [14]

Answer:

Letter a is correct. <u><em>Descentralized control</em></u>.

Explanation:

A company that has decentralized control has a more flexible hierarchy, where all employees are motivated to contribute ideas and opinions and participate in the decision making process. Decentralized management is common in large companies, such as Google and Dell, which ensures greater autonomy and freedom of action for employees.

The biggest benefits seen by decentralization are the flexibility to adapt to market changes, the speed of decision making that prevents opportunity costs, and the sense of motivation and value creation between employee and organization.

6 0
2 years ago
a conflict of interest in research could result when a physician is paid as a consultant for a pharmaceutical company and also c
Roman55 [17]

False, since both roles are in the capacity of research and does not compromise results. So there is no conflict of interest in research.

Conflicts of interest are situations in which professional judgments or actions regarding a primary concern, such as a medical researcher's responsibilities, may be easily persuaded by a secondary interest, such as monetary benefit or professional advancement.

Many doctors work full-time for biotech and pharmaceutical companies, as well as medical device manufacturers. They work in research, product development, or administration. In fact, a few of them own the businesses. This is not conflict of interest.

Learn more on conflict of interest-

brainly.com/question/14940595

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6 0
1 year ago
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