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nadya68 [22]
4 years ago
15

North Star prepared the following unadjusted trial balance at the end of its second year of operations ending December 31.

Business
1 answer:
777dan777 [17]4 years ago
8 0

Answer and Explanation:  

The accounting equation effects of each required adjustment is shown below:-

Transactions    Assets                  

a.                    Prepaid rent - $1,280

b.                   Accumulated  

                     depreciation  - $1,180

c.                    NE

d.                    NE

Transactions =    Liabilities     +                    Stockholders' Equity

a.                       NE                                        Rent expenses -$1,280

b.                       NE                                        Depreciation expenses -$1,180

c.                     Accounts payable + $8,200 Utilities expenses -$8,200

d.                   Income tax payable + $310   Income tax expense -$310

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DerKrebs [107]

Answer:

b) false

Explanation:

OKR is a goal-setting method used by companies. It is impleemented using following steps

  • Communicate the OKR
  • Choose a tool used for OKR
  • Organize the Company's OKR
  • Set the company's OKR
  • Set every single OKR for teams, departments and Individuals
  • Make the changes in OKR if required
  • Approve the OKR
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So, the OKR cannot be implemented in a single step and it requires multiple steps.

Hence the given statement is false.

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3 years ago
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3 years ago
During the​ year, Sheldon Company had net credit sales of $ 47 comma 000. At the end of the​ year, before adjusting​ entries, th
Maru [420]

Answer:

The balance of allowance for doubtful accounts is $ 1,880

Explanation:

Computation of balance in Allowance for Bad Debts

Total credit sales                                             $ 47 comma 000

Estimated bad debts as a % of sales                     4 %

Balance of Allowance for Doubtful accounts      $ 1,880

The balance is based on a % to credit sales basis. The bad debts expense for the year considers the balance in the allowance for doubtful accounts and the accounting entry is an adjustment amount.

4 0
4 years ago
Assume there are two countries (France and the United States) and two goods (Wine and Cheese). In France, labor productivity in
Savatey [412]

Answer:

United States

Explanation:

A comparative advantage results when a country's opportunity cost of producing good X is lower than the opportunity cost of producing good X in another country.

France

Opportunity cost of producing wine = 30/40 = 0.75 kilos of cheese

Opportunity cost of producing cheese = 40/30 = 1.33 bottles of wine

United States

Opportunity cost of producing wine = 12/12 = 1 kilo of cheese

Opportunity cost of producing cheese = 12/12 = 1 bottle of wine

France has a comparative advantage in the production of wine, and the US has a comparative advantage in the production of cheese.

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3 years ago
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4 0
3 years ago
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