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ludmilkaskok [199]
1 year ago
14

post-closing trial balance is a list of ____________ accounts and their balances ____________ all _________- entries have been j

ournalized and posted.
Business
1 answer:
BigorU [14]1 year ago
4 0

Post-closing trial balance is a list of <u>permanent</u> accounts and their balances<u> ledger</u> all <u>closing- </u>entries have been journalized and posted.

The post-closing trial balance is a balance sheet report that is made after the closing journal in order to ensure that the total balance in the general ledger is balanced or in accordance with the balance. This method is made in order to convince every accountant or businessman who makes closing journals so that they do not have an error in the calculation difference.

Generally, this balance sheet is able to produce real accounts, namely capital, assets and debt. However, nominal accounts, such as income and expenses, are closed by closing entries. Thus, the next step in making good financial statements is to present a statement of financial position, profit and loss, and capital so that later there will be no calculation errors.

You can learn more about post-closing trial balance here brainly.com/question/14562385

#SPJ4

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1. The payment made each period on an amortized loan is constant, and it consists of some interest and some principal.
AveGali [126]

Answer:

True

true

Explanation:

for  both of these questions the answers are true. the loan repayment is made up of the prncipal and the interest. This is due to the fact that as the amout of the loan outstanding gets to be repaid, the remaining principal balance would be decreased too and the interest that is associated will also be decreased too with time. The payment principal amount is going to be bigger while the interest would be smaller.

6 0
3 years ago
Coleman Luggage has liabilities of $870,000 that the company must pay back by the end of the month. It currently has a cash bala
Troyanec [42]

Answer:

The answer is low

Explanation:

Liquidity or Solvency is the ability of a business to pay its debt(both in short term and long term).

In the question, Coleman Luggage has a liability of 879,000 and the total current assets(which can be used to offset the liability) are cash balance of $175,000 + inventories of $220,000 + Other short-term assets of $85,000 = $480,000.

To know its solvency (net working capital) = Asset - liability

$480,000-870,000

= -$390,000.

Coleman Luggage has a low solvency because his asset cannot cover all his liabilities. His asset is less than his liabilities

4 0
3 years ago
Affiliated directors are A. employees of the corporation. B. directors in an interlocking directorate. C. outside directors who
zvonat [6]

Affiliated directors in a company are D. agents of top management.

<h3>Who are affilaited directors??</h3>

These are directors that sit on the board who are not independent because they have links to the shareholders who put them there.

These shareholders are usually the top management of the company which means that affiliated directors work to help them.

Find out more on affiliated directors at brainly.com/question/13963102.

#SPJ1

6 0
2 years ago
Use the following information to answer the next three questions.
nalin [4]

Answer:

The  alignment of numbers in the first part of the question is off. However, you solve this question as shown below. The correct answer is C. $1,124.

Explanation:

This is a one-time cashflow type of question where the principal amount is invested once and no other addition is made to the account. You use the future value formula to solve the result of the compounding effect at year 3.

FV formula;

FV = PV(1+r)^n

PV = 800

discount rate; r = 12% or 0.12

total duration of investment; n = 3

therefore; FV = 800(1+0.12)^3

FV = 800 * 1.404928

FV = 1123.94

To the nearest whole dollar, the amount will grow to $1,124

6 0
3 years ago
Beetle's product manager is under pressure to increase market share, but is uncertain about how to make the product more competi
katrin2010 [14]

Answer:

B) Increase the unit contribution margin by decreasing the MTBF

Explanation:

Since Beetle is already competitive in terms of awareness and price, it would be unnecessary to decrease the price or increase awareness, as it could even result in a financial loss.

By decreasing the MTBF (mean time between failures), the company's operations become a lot more efficient. That results in the <u>faster coverage of fixed costs.</u>

The unit contribution margin shows us the share of the product unit price that is aimed to cover fixed costs (it is not consumed by variable costs). Therefore, decreasing the MTBF would improve the unit contribution margin and thus propel a more efficient operating system, where more products will be produced and more profit will be generated with each item sold.

3 0
4 years ago
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