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Taya2010 [7]
3 years ago
11

Which of the following is correct: A. The post-closing trial balance will ensure the accounting equation is balanced at the end

of the accounting period and all transactions are properly journalized and posted B. The accounting cycle starts with journalizing business transactions and ends with the preparation of a post-closing trial balance. C. Property, Plant and Equipment accounts include all land, office, and building. D. Worksheet is a tool used in preparing adjusting entries and the financial statements, and the use of worksheet is optional
Business
1 answer:
kondor19780726 [428]3 years ago
5 0

Answer:

D. Worksheet is a tool used in preparing adjusting entries and the financial statements, and the use of worksheet is optional

Explanation:

The correct option D because worksheet is used to adjust value and prepare the financial statements and it is not mandatory to use.

The post-closing trial balance might show that accounting equation is balanced but not every time. It only ensure the total of debits balances and total of credits balances are equal. All transaction might not correctly journalized.

The accounting cycle starts with analyzing the business transactions and ends with the preparation of a Financial Statements.

Property, Plant and Equipment are our physical, tangible and long term assets which include all land, office, building, Machinery, equipment and vehicles.

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The primary goal of social business is to deepen interactions with employees and customers. True False
ivanzaharov [21]

Answer:

True

Explanation:

  • As in order to spread the interaction and to diversify the market, the primary goals s to deepen the social interaction among the members of the thereby interaction with the employees and the customers and hence this will lead to the increase in the profits.
6 0
3 years ago
The ________ stage of the new-product process assesses the total "business fit" of the proposed new product with the company's m
xeze [42]

Answer:

The answer is market strategy development stage.

Explanation:

During the market strategy development phase, it is analyzed if your product fits into your business strategic plans. A probable demand, the costs and the margins are estimated. Questions like what is the target market and which market share is expected need to be answered.

8 0
3 years ago
Suppose that the price of a rental car (Prc) is $50 while the price of a flight (Pfl) is $85. Also, suppose that the marginal ut
Masteriza [31]

Answer:

Consumers should choose to take the flight.

Explanation:

The price of a rental car = $50

Marginal utility from the car = 20 utils

Now find the per dollar utility from car = $50 / 20 = 2.5

The price of a flight = $85

Marginal utility from the flight = 30 utils

Now find the per dollar utility from flight = $85 / 30 = 2.83

Since the per dollar, MU is greater in the case of flight so consumers should choose to take the flight.

6 0
3 years ago
Brandes purchases a delivery truck which will be used to deliver products to customers. the delivery truck is a/an?
frozen [14]

Electric bill payable Liability

<h3>Is an electric bill considered a liability?</h3>

In our example, the utility bills for gas and electricity used in December are both an expense and a liability as of December 31.

When the utility bills are paid, the liability is eliminated.

To learn more about liability, refer

to brainly.com/question/24553900

#SPJ4

7 0
1 year ago
Baker’s Financial Planners purchased seven new computers for $970 each. It received a 20% discount because it purchased more tha
yawa3891 [41]

Answer:

Check:  5,269.04

Explanation:

We will multiply each computer by the list price. Then, apply the order discount of 20%. Finally the invoice discount of 3% for payment within 10 days

7 computer x 970 dollars each = 6,790

20% Discount for quantity:

6,790 x 20%                                  (1,358)

                   Invoice nominal:        5,432

discount within the first 10 days:

5,432 x 3%                                       (162.96)

        final amount:                       5,269.04

4 0
3 years ago
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