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
Aleks [24]
4 years ago
15

Audrey works in the accounting department of Colorado Manufacturing. Today she will use the firm's ledger to summarize informati

on that was posted over the most recent time period. Her goal is to determine if the accounts are balanced as required by the double-entry method of bookkeeping. To be sure they are correct, Audrey will prepare a(n):
Business
1 answer:
Doss [256]4 years ago
3 0

Answer:

trial balance

Explanation:

Based on the information provided within the question it can be said that in this scenario Audrey will prepare a trial balance. This refers to an extensive list detailing all the general ledger accounts that can be found within the ledger of a business, each of which will reveal the name and balance of that account. This is what Audrey is preparing and is one of the main tasks completed by accounting departments.

You might be interested in
What is your favorite place to eat even tho no one can go anywhere
Bond [772]

Answer:

Golden Corral

Explanation:

because they have a chocolate fountain! lol. Also just because I like the food!

8 0
3 years ago
Xie Company identified the following activities, costs, and activity drivers for this year. The company manufactures two types o
san4es73 [151]

Answer:

Results are below.

Explanation:

<u>First, we need to calculate the plantwide predetermine manufacturing overhead rate:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

total estimated overhead costs for the period= (625,000 + 900,000 + 105,000 + 175,000 + 300,000 + 75,000)

total estimated overhead costs for the period= $2,180,000

Predetermined manufacturing overhead rate= 2,180,000 / 125,000

Predetermined manufacturing overhead rate= $17.44 per direct labor hour

<u>Now, we can allocate overhead to each product line:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

<u>Deluxe:</u>

Allocated MOH= 17.44*2,500

Allocated MOH= $43,600

<u>Basic:</u>

Allocated MOH= 17.44*6,000

Allocated MOH= $104,640

6 0
3 years ago
PowerCruise, a holiday cruise firm, recently offered its existing customers, who had registered for a two-year membership, an ex
Archy [21]

Answer:

<u>Locking in customer</u>

Explanation:

Power Cruise , a holiday cruise firm, recently offered its existence customers, who had registered for a two-year membership , an extension of six-months to their membership without any additional charges. By doing this, Power Cruise implement the<em> locking in customer</em> strategy.

Locking in customer strategy is basically used by the to hold on the customer with them. This strategy is used by the company , so that they do not loss their existing customer and also get more customers.

They improve their image among their  customer by offering such facilities. They use such strategy because they don't want their customer to go to their competitor. Company give people reason to stay with them . They know that in today's market the customer is the king so they give them priority. They try to provide them best good and services.

4 0
3 years ago
A firm purchased a three-year insurance policy for $5,760 on July 1, 2019. The $5,760 was debited to the Prepaid Insurance 2. On
Andrej [43]

Answer:

The journal entries are as follows:

(i) Insurance expense A/c Dr. $160

        To prepaid insurance             $160

(To record the insurance expense)

Workings:

Insurance expense = cost of insurance policy ÷ 36 months

                                = $5,760 ÷ 36 months

                                = $160

(ii) Advertising expense A/c Dr. $1,160

           To prepaid advertising             $1,160

(To record the advertising expense)

Workings:

Advertising expense = cost of advertisement ÷ 24 months

                                   = $27,840 ÷ 24 months

                                   = $1,160

4 0
3 years ago
Having had no prior knowledge of the market for his product sweater, what approach did Jack McCarthy of Ugly Christmas Sweaters
telo118 [61]

Answer:

When any company wants to sale their product without prior knowledge of the market then it's a disaster.

First thing Jack can do is "Test Marketing". If any company has no knowledge of market then fastest way to know your market is test marketing. Jack must put his sweaters in small quantity for sale at different locations. Test marketing needs to be done for whole week. Jack needs to collect the feedback from its customers too. Feedback is the way jack can know the market. Without knowing the market and customers, it's really hard to market or sale your product. Feedback from test marketing activity will actually give him market knowledge and customer's feedback.

6 0
3 years ago
Other questions:
  • Which statement best reflects the Fed's approach to expansionary monetary policy before the mortgage debt crisis
    8·1 answer
  • Which of these forms of financial assistance does not have to be repaid?
    15·1 answer
  • Casey Electronics has a piece of machinery that costs $300,000 and is expected to have a useful life of 6 years or 40,000 hours.
    15·1 answer
  • Assets are equal to
    12·1 answer
  • An MNC uses which international strategy for entering a foreign market by simply shipping goods produced in the company's home c
    10·1 answer
  • This information relates to Pickert Real Estate Agency.
    9·1 answer
  • he cooling of liquid water has the highest energy change. The condensation of water vapor has neither the highest nor lowest ene
    13·1 answer
  • Listening involves understanding what is heard true false ?
    9·1 answer
  • Standard, Inc. reported EBIT of $35 million for last year. Depreciation expense totaled $20 million and capital expenditures cam
    10·1 answer
  • The key characteristics of a monopolistically competitive market structure include:
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!