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Dafna11 [192]
3 years ago
9

Which is the correct sequence for recording transactions and preparing financial​ statements?

Business
1 answer:
zheka24 [161]3 years ago
8 0

Answer:

The answer is B.

Explanation:

The first is the journal. A journal entry may be a summary of the debits and credits of the transaction entry to the journal.

Followed by a ledger which may be a book containing accounts during which the classified and summarized information from the journals is posted as debits and credits.

Trial balance which is that the listing of all accounts (asset, liability, equity, revenue, expense) with the ending account balance or or its a report that lists the balances of all book accounts of a corporation at a specific point in time.

And lastly the financial statements. they're written records of a business's financial situation

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Select all advantages of investing in a retirement account.
Aleksandr [31]

Money is deducted from your paycheck before taxes are taken out.

Answer: Option A

<u>Explanation:</u>

The major advantage of the tax investing is making a contribution to a retirement account before pre-tax. The money as to be deducted from before taxes are taken out.

The more popular as workers started to take control of their own retirement savings, the investing retirement account offers individuals an opportunity to save for retirement in a tax advantages account. For example, the government allows taxable income to be reduced by the amount of the contribution to a retirement plan.

5 0
4 years ago
Jason bought a car for $40,000 upon graduation from college with an engineering degree and a very good job offer. A down payment
Studentka2010 [4]

Answer:

Explanation:

The cost of the car = $40,000

Down payment = $5,000

Therefore loan amount on the car = Cost of the car - Down payment

= $40,000 - $5,000

= $35,000

But loan repayment starts from 13th months; therefore there are 12 months or 1 year for which interest amount will be added with the total loan amount

Total loan amount after one year = $35,000 * (1+6%) ^1 = $37,100

Now we can use PV of an Annuity formula to calculate the monthly payment of car loan

PV = PMT * [1-(1+i) ^-n)]/i

Where PV = $37,100

PMT = Monthly payment =?

n = N = number of payments = 60 months

i = I/Y = interest rate per year = 6%, therefore monthly interest rate is 6%/12 = 0.5% per month

Therefore,

$37,100 = PMT* [1- (1+0.005)^-60]/0.005

PMT = $37,100/51.72

= $717.38

Therefore correct answer is option A. $717.38

5 0
4 years ago
One year ago, you purchased 100 shares of a stock. This morning you sold those shares and realized a total return of 8.2 percent
earnstyle [38]

Answer: e. sum of the dividend yield and the capital gains yields is 8.2 percent

Explanation:

The return of 8.2% that was realized is the sum of the dividend yield and the capital gains yield.

The dividend yield refers to the income earned from dividends issued by the company whose stock you owned divided by the stock price.

The capital yield is the change in price since you bought the stock for instance, buying the stock at a price of $15 and it is now worth $20.

These two yields will combine to give you the return of 8.2% that you realized.

8 0
3 years ago
Juxipi Inc. is well known for having a stronger credit score than its competitors. that is why, buyers are more willing to buy p
rewona [7]

Answer:

d. Commercial paper

Explanation:

-Short-term bank loans is a loan that has to be paid back in a year.

-Factoring is when a company sells its accounts receivable to another company at a cheaper price.

-Trade credit is a credit that a supplier gives to its clients to make the payments later.

-Commercial paper is a promissory note used by companies to get money to cover short-term liabilities and has a period of time of up to a year.  

According to this, the answer us that the short-term financing option that is being offered by Juxipi Inc. in the given scenario is commercial paper.

4 0
4 years ago
Shirley analyzed her company’s product line of refrigerator magnet products. She then deleted a few tourist magnets that had los
ololo11 [35]

Explanation:

In this question it can be seen that Shirley is using a comprehensive product management marketing approach to adjust the company's line of magnets, focusing on the pricing strategy and positioning of some products, which can be seen in the question when Shirley discovered that the group of emoji magnets needed more market penetration, and so through that she created a campaign, analyzed the statistics of the total line and adjusted and identified some synergies for the new products, which made it possible to adjust the overwall of the product line and not just individual products.

Shirley considered the way products work together as collectives and how one product can influence another.

4 0
4 years ago
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