Answer: c. may or may not balance
Explanation:
Even though there are errors in the General Ledger, it is not a given that the Trial Balance will not balance. The purpose of the Trial balance is to match the debits in the company to the credits. This means that if the errors in the General Ledger were still put on the correct side then the Trial Balance would still balance.
For instance, if utility expenses were debited to Purchases in error, both accounts fall on the debit side of the Trial Balance so the Trial Balance would still balance regardless of the error.
Answer: wrap-up
Explanation: since every project needs to end the wrap-up aims to resolve any pending project-related issues, critique the overall effort of the project, and draw conclusions about how to improve the project management process for the future. Doing this ensures that all stakeholders of the project are satisfied, and that all acceptance criteria for the project have been met. The wrap-up is simply the concluding action of the project.
We need the is as follows to know and answer the question sorry but can hellp unless the questions finished
Okayyyyy that’s fine w me
Answer:
$1,490
Explanation:
Interest expense is tax deductible in the computation of after tax cost. Therefore, Jim will enjoy tax-induced saving on the $1,700 interest portion of his monthly house payment.
Tax saving on the interest payment is computed as follows:
$1,700 * 30% tax rate = $510.
Therefore, after-tax cost of Jim's house payment
= total monthly payment, less tax saving on interest
= $2,000 - $510
= $1,490.
