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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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A department has budgeted monthly manufacturing overhead cost of $510000 plus $3 per direct labor hour. If a flexible budget rep
strojnjashka [21]

Answer:

Direct labor hour will be 158000

Explanation:

We have given manufacturing overhead cost = $510000

An total budgeted manufacturing cost = $984000

So balance variable cost = $984000 - $51000 = $474000

It is given that $3 per direct labor hour

We have to fond the number of labor hours

So number of direct labor hours will be =\frac{474000}{3}=158000

So dire t labor hour will be 158000

3 0
3 years ago
price of bread increases. if peanut-butter is a complement, we would expect to see group of answer choices caramel's quantity de
Angelina_Jolie [31]

Price of bread increases. if peanut-butter is a complement, we would expect to see caramel's quantity demand decrease.

The amount of bread demanded will decline as bread prices rise. The cost of bread will rise in tandem with the rise in demand. Keep in mind that peanut butter and jelly go well together.

Even though the price of jelly remained the same, we are eating less jelly because we are eating less peanut butter. Jelly's popularity declines (jelly demand curve shifts inward).

For peanut butter, the income elasticity is -3. According to this, peanut butter is a subpar product. Any good with a negative income elasticity is subpar because you consume less of it as income levels rise. The amount supplied will eventually reach zero.

To know more about  complement product, refer:

brainly.com/question/10423146

#SPJ4

3 0
10 months ago
What is "recourse" as it relates to selling receivables?
Inga [223]
The obligation of the seller of the receivables to pay the purchaser in case the debtor fails to pay.
5 0
2 years ago
Oriole Realty Corporation purchased a tract of unimproved land for $132,000. This land was improved and subdivided into building
finlep [7]

Answer:

<em>Net income  29503</em>

<em></em>

Explanation:

First we need to allocate the land and improvement cost over the lots, we are going to do so based on the revenue:

groups NºLot $ per Lot Revenue Cost per Group Per lot

A         9         7200 64,800 44,937.4648 4,993.0516

B          15 9600      144,000 99,861.0329 6657.4022

C          17  5760  97,920 67,905.5023 3,994.4413

Total Revenue  306720  

We divide the group revenue over the total revenue and multiply by the land

and land improvements

Then we take the allocation per group and divde over the total number of lot

<u>We do the same with the allocate expenses:</u>

groups NºLot $ per Lot Revenue Cost per Group Per lot

A           9 7200 64800 9228.169 1025.3521

B          15 9600 144000 20507.0423 1367.1362

C          17 5760 97920 13944.7887 820.2817

Total revenue  306720

   

Next we solve for the sol lots:

A 9 lots less 5 unsold = 4

B 15 lots less 7 unsold = 8

C 17 lots less 2 unsold = 15

And we proceeds to do the income statement

Revenue sold x market price

Group A 4 28800

Group B 8 76800

Group C 15 86400

 192000

 

Cost lot sold x (allocate operating + allocate land and improvements)

group A     24073.6148

group B      48147.2296

group C         90276.0555

Total expenses 162496.8999

 

<em>Net income  29503</em>

3 0
3 years ago
Which is a man-made resource?
daser333 [38]

<u>The answer is "tools".</u>


Man-made resources are things or substances that have an incentive to human lives that don't happen in the regular world. Precedents of man-influenced assets to incorporate plastic, paper, pop, sheet metal, elastic and metal. These diverge from normal assets, for example, water, crops, daylight, unrefined petroleum, wood and gold.  

Some man-made resources are almost fundamental to current human life, for example, solutions. Without pharmaceuticals, immunizations and comparative man-made synthetic compounds, numerous individuals would wind up wiped out and bite the dust. Others are not fundamental, and exist since individuals need them. For instance, numerous pesticides are man-made assets, and keeping in mind that not basic, their utilization improves the lives of numerous individuals.

8 0
3 years ago
Read 2 more answers
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