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2 years ago

What is the purpose of a trial balance?

1 answer:

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Preparing a trail balance for a company serves to detect any mathematical errors that have occurred in the double-entry accounting system. If the total debits equal the total credits, the trial balance is considered to be balanced, and there should be no mathematical errors in the ledgers. The trail balance is a working document used by accountants as the basis to prepare financial statements. The purpose is to ensure that for every debit listed there is a corresponding credit recorded, shares Accounting-Simplified. If the totals do not balance, an investigation may be made.

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Katrine works for a major audio components manufacturer. It is her job to plan and control how the raw materials used to make th

pychu [463]

Katrine works in material planning and control part of the supply chain.

<u>Explanation: </u>

Material preparation is a mathematical method used to assess in advance, according to the development schedule, demands for raw materials, additional related components, spares and other items. The whole plan event is a module. The process of product preparation affects several factors.

Micro factors: Mainstreaming, rejects, lead times, stock inventory levels, working capitals, power delegations, and interaction constitute some of the micro factors affecting material planning.
Macro factors: Price dynamics in economic cycles Govt are among the micro factors that impact product planning.

The product quality program will result in the planning and procurement of the goods delivery schedule .

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3 years ago

The decision by shoe store owners to fix their prices will result in consumers paying _____ prices. lower higher the same

Anon25 [30]

Answer:

Higher prices

Explanation:

Fixed prices are associated with higher prices for consumers

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2 years ago

Read 2 more answers

Cook, Inc., a manufacturer of tires, has given you its most recent annual report in an effort to obtain a sizable loan. The comp

Tcecarenko [31]

Answer:

a. Relevant

Explanation:

The documentary on prime time television that brought awareness to Cook Inc... being defendant in several lawsuits relating to it's defective tyres that has caused vehicles to overturn is a financial information that is relevant.

As a financial analyst, being presented with such information is very relevant and it makes me to consider it as a factor before issuing loan to the organization and also help to garner what the public'e perception of the company stock will be. In addition, the information will help to make predictions about future directions of the company's stock price and, evaluate the company's financial health and earnings potential to be able to pay back the loan if given the loan.

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2 years ago

At the beginning of the year, a firm had current assets of $121,306 and current liabilities of $124,509. At the end of the year,

Shtirlitz [24]

Answer:

change in net working capital = $21,903

Explanation:

given data

beginning current assets = $121,306

beginning current liabilities = $124,509

end of the year current assets = $122,418

end of the year current liabilities = $103,718

solution

we get here working capital at beginning that is express as

working capital = Current assets - current liabilities ......................1

put here value we get

working capital = $121,306 - $124,509

working capital = -$3203

and now we get here working capital for end of year that is

working capital = Current assets - current liabilities ......................2

working capital = $122,418 - $103,718

working capital = $18,700

so now we can get change in net working capital that is difference between beginning and ending working capital

change in net working capital = $18,700 - (-$3,203)

change in net working capital = $21,903

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2 years ago

Suppose that a small country currently has $4 million of currency in circulation, $6 million of checkable deposits, $200 million

Luda [366]

Answer:

Please see attachment

Explanation:

Please see attachment

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2 years ago