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astraxan [27]
1 year ago
14

A list of accounts and balances before adjustments are recorded is known as a(n)?

Business
1 answer:
djverab [1.8K]1 year ago
6 0

A list of accounts and balances before adjustments are recorded is known as a(n) Unadjusted trial balance.

What is accounts?

The entry of a transaction in a financial statement is referred to as a “accounts.” The account has been updated to reflect the debit and credit transactions. Assets, liabilities, revenue, equity, and expenses are all types of financial activity.

The unadjusted before trial balance as the adjustment of the record in the accounts. The trial balance as the entry in the double-entry account book, as the indicating the errors of the accounting.

As a result, the unadjusted trial balance, list of accounts and balances before adjustments are recorded.

Learn more about accounts, here:

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In the life cycle theory of consumption, the motive to save is:A.To be able to open a business.B.To become wealthy.C.To leave a
DanielleElmas [232]

Answer: To afford to retire

                       

Explanation: The life cycle theory was established by Modigliani in 1957. This theory states that a rational individual manages its expenses with the motive of saving sufficient amount till his or her retirement.

As per this theory, the individual consumes almost same amount of income which leads to the situation of borrowing in times of low income and savings in times of high income.

However the minor differences leads to savings high than borrowings in times of low income the individual significant lowers his or her capital expenditure.

4 0
3 years ago
Your friend is having trouble saving money. How can you teach them the “pay-yourself-first principle”? Do you think this is an i
BigorU [14]
I think this is important without a doubt . You might need to use that money someday for yourself but won't have it because you spent it on a HUGE list of groceries. If you put some money aside for yourself, you will have money that your allowed to do anything with (saving, buying clothes, buying cars, etc.) You should always save some of your payment that way you always have extra money in case of any money emergenies or such. 
4 0
3 years ago
In recent years some companies have begun to work closely with their customers and/or suppliers by sharing information to develo
notsponge [240]

Answer:

Collaborative Planning, Forecasting and Replenishment

Explanation:

Based on the information provided within the question it can be said that the procedure they are following is known as Collaborative Planning, Forecasting and Replenishment (CPFR). This is a concept whose main focus is enhancing supply chain integration by emphasizing joint practices. Which is what is being done in this situation as companies begin to work closely together with their customers and/or suppliers.

7 0
3 years ago
) Prestwich Company has budgeted production for next year as follows: First Quarter Second Quarter Third Quarter Fourth Quarter
grigory [225]

Answer:

165,000 pounds ($495,000)

Explanation:

To determine the budgeted purchases of material A in pounds for the second quarter, prepare a Materials Purchases Budget as follows :

<u>Materials Purchases Budget</u>

                                                                                                    Pounds

Materials Required for Production (80,000 x 2)                     160,000

Add Closing Materials Inventory (90,000 x 2 x 25%)              45,000

Total Materials                                                                          205,000

Less Opening Materials Inventory (80,000 x 2 x 25%)          (40,000)

Material Purchases                                                                    165,000

Cost per unit                                                                                       $3

Budgeted Materials Cost                                                       $495,000

6 0
3 years ago
Solving for dominant strategies and the Nash equilibrium Suppose Nick and Rosa are playing a game in which both must simultaneou
slava [35]

Answer:

The only dominant strategy in this game is for <u>NICK</u> to choose <u>RIGHT</u>. The outcome reflecting the unique Nash equilibrium in this game is as follows: Nick chooses <u>RIGHT</u> and Rosa chooses <u>RIGHT</u>.

Explanation:

                                                  ROSA

                                     left                          right

                                    4 /                            6 /

                left                  3                              4

NICK                                                      

               right             6 /                             7 /

                                       7                               6

Rosa does not have a dominant strategy since both expected payoffs are equal:

  • if she chooses left, her expected payoff = 3 + 7 = 10
  • if she chooses right, her expected payoff = 4 + 6 = 10

Nick has a dominant strategy, if he chooses right, his expected payoff will be higher:

  • if he chooses left, his expected payoff = 4 +6 = 10
  • if he chooses right, his expected payoff = 6 + 7 = 13

The only possible Nash equilibrium exists if both Rosa and Nick choose right, so that their strategies are the same, resulting in Rosa earning 6 and Nick 7.

8 0
3 years ago
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