Answer:
B. Preparing a trial balance
Explanation:
A trial balance is not account, it simply represents a list of debits and credits derived from the ledgers. The list is usually generated after transactions have been taken from their source documents, posted to the journals and then transferred to the ledgers.
The trial balance will usually list the total of ledger items posted as debit or credit balances just as they are in the ledgers.
As said earlier, the trial balance is not an account, it is a self-check to ensure that there are no numerical errors in the debit and credit postings in the ledgers.
It simply ensures that the credit balances are equal to the debit balances meaning every debit entry had a corresponding credit entry confirming the use of double entry principle in ledger preparation.
The financial statements are usually prepared after the trial balance has verified the accuracy of debit and credit entries.
Answer: Increase / Gain of $36,000
Explanation:
Remeasurement loss, which arises from conversions of the various currencies used by the company to a functional currency, goes to the Income statement and is subtracted from the Net income.
Translation gains on the other hand, are added to the Other Comprehensive income.
The other comprehensive income will therefore increase by the translation gain of $36,000.
Answer:
75x^3 - 5x^(5/2)
Explanation:
Here is the complete question:
The average revenue of a TV manufacturing unit is given by r(x)=75x^2-5x^3/2 where x is the number of TVs sold by the firm. Find the total revenue generated by the firm.
Average revenue = Total revenue / unit sold
Total revenue = average revenue × units sold
Total revenue = x[75x^2-5x^3/2]
=75x^3 - 5x^(5/2)
I hope my answer helps you
Answer:
Option B. Increase in Net Income and decrease in Dividends
Explanation:
The weakening position of the US dollar will make US products cheaper in the international market and thus would increase the exports of the product of the company. This will increase the net income of the company. Thus after cumulative translation adjustment what we have is increased net income.
Similarly as dividend declared would be in US dollars, when preparing a translated financial statement, the dividend declared would decrease its value as the foreign currency has strengthening position.
Answer: all available funds
Explanation:
From the information given in the question, it can be infer that Flatley and Synnott used the all available funds method for promoting their product.
This all available funds method is the allocation of all the available profits for advertising purposes. It is an aggressive method as it can invoice moving door to door or doing at other means in order to promote a product. It is useful when a new company wants to increase the consumer awareness with regards to its products or services.
