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zalisa [80]
2 years ago
9

Why are adjusting entries necessary?

Business
1 answer:
qwelly [4]2 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.

You might be interested in
It takes K’s Boutique an average of 53 days to sell its inventory and an average of 16.8 days to collect its accounts receivable
dezoksy [38]

Answer:

The accounts receivable turnover rate is 21.73

Explanation:

The formula for accounts receivable turnover is

365/Average days to collect.

This way we can find how many times a year does the company collect payments for its accounts receivable, so when we divide the total number of days in a year by the average number of days to collect we can calculate how many times we collect payment for accounts receivable.

In the question we are given the average days to collect which is 16.8

We have to put that into a formula

365/16.8=21.73

5 0
3 years ago
An operations manager is performing a factor-rating analysis to help her choose an outsourcing provider. She is focusing on thre
andreev551 [17]

Answer:

30.8

Explanation:

The solution of factor-rating score for Ling Services is provided below:-

Factor-rating score = (Weight for Factor A × Rating for Factor A) + (Weight for Factor B × Rating for Factor B) + (Weight for Factor C × Rating for Factor C)

= (0.50 × 30) + (0.20 × 46) + (0.30 × 22)

= 15 + 9.2 + 6.6

= 30.8

So, we have calculated the factor-rating score for Ling Services by using the above formula.

8 0
2 years ago
Which of the following occupations would be best suited for someone with an intuitive-feeling style?A. Public relations B. Adver
Hitman42 [59]

Answer:

Politics

Public relations

Explanation:

There are 4 styles of learning namely:

- Sensing uses their senses to understand the world. They verify first for themselves them they believe

- Intuitive perceives inner meaning in how people relate with each other. Usually they don't just take what they see but look for deeper significance.

- Thinking the individual looks at facts and verifiable information. Thinks in terms of cause and effect.

- Feeling is based on like and dislike. They don't use logic but rather implied meaning of actions.

So for a intuitive-feeling style are those who continuously seek for self expression. They are not comfortable with routine tasks. Do not like following set procedures but act intuitively.

These set of people will do better on politics of public relations

6 0
3 years ago
For a natural monopoly to exist
vfiekz [6]

Answer:

The correct answer is A

Explanation:

Natural monopoly is the kind of monopoly which exists because of the high start up costs as well as the powerful economies of scale for conducting or performing a business in a particular industry.

And for this type of monopoly to exist , a firm or business need that the long run average cost curve will exhibit the economies of scale by the relevant range of the market demand.

3 0
3 years ago
How did the government help the economy? the economy of country y has experienced increased unemployment and reduced gdp for six
Arada [10]

Government fiscal policy measures would lower tax rates and expand the money supply.

<h3>What is the economy?</h3>
  • An economy is a region where products and services are produced, distributed, traded, and consumed.
  • It is generally understood to be a social domain that emphasizes the behaviors, discourses, and tangible manifestations connected to the creation, utilization, and management of finite resources.
  • One's culture, values, education, technological advancement, history, social organization, political structure, legal system, and natural resources are all major determinants of an economy's processes.
  • These elements determine the parameters and conditions under which an economy operates in addition to providing background and content.
  • In other words, the economic realm is a social domain made up of connected human behaviors and exchanges that cannot exist independently.
<h3>What do you mean by the government?</h3>
  • An organized community is governed by a system or group of individuals, typically a state.
  • Government often consists of the legislative, executive, and judicial branches in the case of its broad associative definition.
  • Government is a tool for making policy decisions as well as a way to enforce organizational policies.
  • A declaration of the government's guiding principles and philosophy is the equivalent of a form of constitution in many nations.

Learn more about the economy here:

brainly.com/question/951950

#SPJ4

4 0
2 years ago
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