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ladessa [460]
3 years ago
7

A trial balance is a(n)________ (list/balance/chart) list of accounts and their balances at a point in time and is used to confi

rm that the sum of debit account balances equals the sum of account balances. Use one word for each blank.
Business
1 answer:
motikmotik3 years ago
7 0

Answer:

The correct word for the blank space is: list.

Explanation:

A trial balance is a worksheet <em>listing </em>the debit and credit balances of all the ledger accounts for an entity. Under accounting theory, the total of all the debits must equal the total of all the credits. Since the trial balance is a list of all the accounts it serves as an accuracy check.

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ivanzaharov [21]
The answer for number 2 is A
5 0
3 years ago
What would be the effect of a decrease in government taxes on a good's supply curve, ceteris paribus?
dimaraw [331]

What would be the effect of a decrease in government taxes on a good's supply curve, ceteris paribus   shift to the right

Supply curve shift:

Changes in production cost and related factors can cause an entire supply curve to shift right or left. This causes a higher or lower quantity to be supplied at a given price.

A supply curve shows how quantity supplied will change as the price rises and falls, assuming ceteris paribus—no other economically relevant factors are changing. If other factors relevant to supply do change, then the entire supply curve will shift. A shift in supply means a change in the quantity supplied at every price.

The ceteris paribus assumption :

A demand curve or a supply curve is a relationship between two, and only two, variables: quantity on the horizontal axis and price on the vertical axis. The assumption behind a demand curve or a supply curve is that no relevant economic factors, other than the product’s price, are changing.

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3 0
2 years ago
For the year ended December 31, 2016, Norstar Industries reported net income of $655,000. At January 1, 2016, the company had 90
anastassius [24]

Answer:

1.272 per share

Explanation:

The computation of earnings per share is shown below:-

Weighted Average number of Common shares outstanding = outstanding common shares ÷ Net income

= 900,000 ÷ $707,810

= 1.272 per share

Where,

Net Income = Preferred Dividends ÷ Weighted Average number of Common shares outstanding

= $655,000 ÷ (1 + 0.05) + ( 60,000 × 8 months ÷ 12 months) × 1.05 + (72,000 × 7 months ÷ 12 months)

= $623,810 + 40,000 × 1.05 + 42,000

= $623,810 + 42,000 + 42,000

= 707,810

5 0
3 years ago
In which performance technique are managers given a total of three statements of performance per dimension and asked to indicate
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6 0
3 years ago
Edinburgh Exports pays an annual dividend rate of 8.00% on its preferred stock that currently returns 10.72% and has a par value
Elena-2011 [213]

Answer:

The value of Edinburgh’s preferred stock is $74.63

Explanation:

Preferred dividend are the fix amount payment which represents the perpetuity, the company can repurchase the preferred share as it is callable.

Dividend = $100 x 8% = $8

Price of Preferred Share = Dividend / Rate of return

Price of Preferred Share = $8 / 10.72%

Price of Preferred Share = $8 / 0.1072

Price of Preferred Share = $74.63

3 0
3 years ago
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