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zalisa [80]
3 years ago
9

Why are adjusting entries necessary?

Business
1 answer:
qwelly [4]3 years ago
3 0

Answer:

Option A) To record revenues and expenses

Explanation:

The accounting accrual is an accounting method, it means that the company must record the revenues and expenses in the moment that the transactions occur and not when the payment is done.

By this method is always necessary to make adjustment entries to the accounting system if not it's impossible reflect all the transactions occured at this moment.

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Often general and special educators share the common goal of supporting students with disabilities in general education classroo
Law Incorporation [45]

Answer:

True

Explanation:

In this context the support allow the students with disabilities to be at the same level of opportunities as the other student. This translates into inclusion, meaning the disabled student can feel he is part of the class.

I hope you find this information useful and interesting! Good luck!

4 0
3 years ago
The following data is available for Everest Company:
Lady bird [3.3K]

Answer:

a. Current ratio = Total current assets / Total current liabilities = $366 / $226 = 1.62 to 1

b. Average receivable = (Beginning receivables + Ending receivables) / 2 = ($156 + $160) / 2 = $158

Average collection period = Number of days in year / Credit sales * Average accounts receivable = 365 / $1,702 * $158 = 33.88 days

 

c. Average Stockholder's equity =   (Beginning equity + Ending equity) / 2 = ($500 + $550) / 2 = $525

Return on stockholder's equity =  Net income / Average stockholder's equity = $112 / $525 = 21.33%  

d. Earnings per share = Net income / Common shares outstanding = $112 / 46 = $2.43 per share

Price earnings ratio = Market price per share / Earnings per share = $50 / $2.43 = 20.58 times

e. Dividends per share = Dividends / Common shares outstanding = $92 / 46 = $2.00 per share

Dividend yield ratio = Dividend per share / Market price per share = $2.00 / $50 = 4.00%

Workings

Beginning retained earnings $346

Add: Net income                            $112

Less: Ending retained earnings   -<u>$366</u>

Dividends                                        <u>$92</u>

5 0
3 years ago
Which of the following is true of customers who are regarded as ""promoters"" based on the net promoter score associated with th
kotykmax [81]

Answer:

The correct answer is D. They are less price-sensitive and more profitable.

Explanation:

How do you know if the customers you consider faithful really are? Interpreting your level of satisfaction will allow you to implement best practices, focused on the user experience. Find out what the NPS is and provide a service focused on relationships with your customers.

The power of the NPS survey is not simply in the calculation function, but rather in how it is used. It's no use knowing the indicative value of your market positioning but what steps you take to improve it. The Net Promoter Score is a simple satisfaction assessment mechanism that allows you to discover what your customers think and think about your brand. Next, we explain how to calculate it and go beyond mere value to improve the loyalty generating process.

8 0
3 years ago
In Year 1, the actual budget deficit was $200 billion and the standardized deficit was $150 billion. In Year 2, the actual budge
Sergeeva-Olga [200]

Answer: Option (D) is correct.

Explanation:

From the information given in the question, it was observed that fiscal policy in year 2 is expansionary by comparing it with the fiscal policy in year 1.

The budget deficit in year 1 is $200 billion and in year 2 is $225 billion, so there is an increase in the budget deficit from year 1 to year 2. This means that there is an implementation of expansionary policy either by increasing government spending or decreasing taxes.

On the other hand, standardized deficit also increases from year 1 to year 2, which is also an indication of expansionary fiscal policy.

6 0
3 years ago
When a principal is partially disclosed Group of answer choices the agent and principal will be jointly and severally liable on
vlabodo [156]

The correct answer is the agent and principal will be jointly and severally liable on the contract.

In general, an agent is not accountable for contracts made; the principal is. However, the agent will be held culpable if he is not or only partially revealed, if the agent lacks or exceeds authorization, or if the agent entered into the transaction in a personal role.

When an agent works on behalf of the principle in interactions with a third party, a contractual relationship is formed between the main and the third party, and the agent is not personally accountable.

Therefore, the correct option is the agent and principal will be jointly and severally liable on the contract.

To know more about principal agent liability click here:

brainly.com/question/13056777

#SPJ4

8 0
2 years ago
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