1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Sergio039 [100]
3 years ago
15

Which of the following statements about adjusting entries is NOT true?

Business
1 answer:
vfiekz [6]3 years ago
8 0

Answer:

4. Adjusting entries are typically recorded on the last day of the accounting period.

Explanation:

They aer recorded on the last day of the accounting period as we do adjustment for accrual accounting like:

expired prepaid rent, expired prepaid insurance, accrued wages payable, accrued revenues, accrued interest revenues or interest expense, depreication on assets, amortization and other.

You might be interested in
Which of the following is a service business?
creativ13 [48]

Answer:

travel agency

Explanation:

as service businesses include <u>companies engaged in transport</u>, food service, distribution, retail, and other industries that sell services rather than products. These intangibles provide the primary revenue source for service businesses.

4 0
3 years ago
Read 2 more answers
A​ 20% increase in sales causes EPS to rise from​ $4.00 to​$6.50. Assuming the firm has no​ debt, what is its degree of operatin
Anna [14]

Answer:

A

Explanation:

DOL =  Percentage change in EBIT / percentage change in sales

EPS = {(EBIT - Interest) × (1 - T) } / Shares

The firm has no debt, so interest would be zero

EPS = EBIT × (1 - T) / Shares.

Tax rate and number of outstanding shares remain unchanged.

Percentage Change in EPS = EBIT.

Percentage Change in EPS = (6.5 / 4) - 1 = 0.625 = 62.5%

EBIT = 62.5%

Percentage change in sales= 20%

DOL =  62.5% / 20% =  3.13

5 0
3 years ago
Janet, a manager at hollyoak systems, is known for her passionate and people-friendly ways. janet knows all her employees well a
PtichkaEL [24]
Based on the scenario above, Janet can be regarded as an Free-rein learder. Janet has the authority style where subordinates are not straightforwardly managed and rather should work on possess and demonstrate their value through achievements. No particular supervisory criteria must be met.
3 0
3 years ago
Read 2 more answers
A machine costs $1,000 and has a 3-year life. the estimated salvage value at the end of three years is $100. the project is expe
AnnyKZ [126]
Cost of machine = $1,000

NPV of revenues = p( \frac{1- (1+RoR)^{-n} }{RoR} ) = 600( \frac{1- (1+0.1)^{-3} }{0.1} ) = $1,492.11

NPV of salvage value = FV ( \frac{1}{ (1+RoR)^{n} } )= 100( \frac{1}{ (1+0.1)^{3} } ) = $75.13

Total NPV = -1000+1492.11+75.13 = $567.24 ≈ $567
5 0
3 years ago
Imagine that you have received an overdraft notice on your checking account. Which steps should you take? Sort these options int
attashe74 [19]

Answer:

"Actions To Take"

Check my records first

Contact the bank right away

Handle the matter quickly

"Actions To Avoid"

Set the note aside and wait until later

6 0
3 years ago
Read 2 more answers
Other questions:
  • "how long will it take to double your savings if you earn 7.2 percent interest, compounded annually?"
    13·1 answer
  • Venus Williams is one of the top women’s tennis players in the world. Because this status overrides all her other statuses, it i
    9·1 answer
  • Increased size of financial institutions resulting from financial consolidation increases the ________ problem, because there ar
    7·1 answer
  • The first broad scan of all potential world markets should result in the firm being able to ________.
    7·1 answer
  • Kingbird, Inc. wrote checks totaling $43810 during October and $47839 during November. $41660 of these checks cleared the bank i
    5·1 answer
  • Why private limited companies in malaysia does not get listed in the stock exchange?​
    14·1 answer
  • Weber Company purchased a mining site for $1,750,000 on July 1. The company expects to mine ore for the next 10 years and antici
    11·1 answer
  • Sophie is highly concerned about what others think of her. She is extremely careful about freely displaying her feelings and opi
    12·1 answer
  • How has apple inc mission and vision statement helped the company?
    8·1 answer
  • You have been awarded an insurance settlement of $211,400 that is payable one year from today. What is the minimum amount you sh
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!