All categories

4 years ago

The Unadjusted Trial Balance columns of a work sheet total $97,500. The Adjustments columns contain entries for the following:

Business

1 answer:

Roman55 [17]4 years ago

6 0

Answer:

The total of adjusted trial balance is $103,750

Explanation:

ADJUSTMENT EFFECT ON TRIAL BALANCE

Office supplies used during the period No change in total balance

Expiration of prepaid rent No change in total balance

Accrued salaries expense Increase in total balance

Depreciation expense Increase in total balance

Accrued service fees receivable Increase in total balance

Hence, Adjusted trial balance total = Unadjusted work sheet total + Accrued salaries expense + Depreciation expense +Accrued service fees receivable

$97,500 + $1,850 + $2,150 + $1,750

= $103,750

Thus, the total of adjusted trial balance is $103,750.

You might be interested in

What are the effects of business on environment? List them.

Furkat [3]

Answer:

The four main environmental issues that are most likely to influence the activities of a business are climate change, pollution, sustainability and waste reduction.

Explanation:

4 0

3 years ago

The advertised claim for batteries for cell phones is set at 48 operating hours, with proper charging procedures. a study of 500

gregori [183]

Answer:

The answer is NO. The experimental results did not support the claim that less than 0.2 percent of the company's batteries would fail during the advertised time period.

Explanation:

From the illustration, for 15 batteries to fail out of 5000 batteries that means a 0.3 percent failure. Hypothetically, since there has been a claim that about 0.2 per cent will fail and we now have a confirmed failure rate of 15 in 5000 or 0.3 per cent rate, then we can infer that the hypothesis of 0.2 percent may be incorrect after all since it is still less than the confirmed rate of 0.3 per cent failure. Thus, since 0.3 rate is higher than 0.2 rate, then the hypothesis is wrong by a margin of 0.1 percent.

5 0

3 years ago

Ou are an auto mechanic by profession and own an airplane that is certified under a standard category airworthiness certificate.

Ivenika [448]

<span>The situations that could possibly happen after you succeed are aviation certified parts cannot be used because there is a chance that FAR is violated. It is a crime if done intentionally and you can face severe punishments like long terms of jail and huge fines,</span>

6 0

3 years ago

which of the following is not a requirement of the unlimited marital deduction? a.in order to claim a marital deduction on the 7

tamaranim1 [39]

The gross value of qualifying property left to the surviving spouse is included in the marital deduction. This is not a requirement of the unlimited marital deduction.

Hence, option D is the correct answer.

Unlimited marital deduction is a clause that enables a person to give their spouse limitless property at any time. This clause belongs to the federal estate of the United States. No limitation on the transfer of property is imposed.

There is no requirement for the gross value of the property that is kept for the surviving spouse under the unlimited marital deduction.

Option a is wrong because a husband and wife must be married in order to qualify for the unlimited marital deduction, this choice is incorrect.

Option b is improper since the property should be passed to the spouse through real estate under unlimited marital deductions.

Option c is erroneous because, in order to qualify for the unlimited marital deduction, the surviving spouse must be a citizen of the United States.

To know more about unlimited marital deduction: brainly.com/question/17983054

#SPJ4

5 0

1 year ago

You are planning to save for retirement over the next 25 years. To do this, you will invest $700 per month in a stock account an

olga2289 [7]

Answer:

withdraw each month is $6,902.37

Explanation:

given data

time = 25 year

invest = $700 per month

stock amount = $300 per month

expected rate = 9% = $\frac{0.09}{12}$

bond account = 5%

return = 6%

to find out

withdraw each month from account for 20 year withdrawal period

solution

we will apply here future value formula that is

FV = $P \frac{(1+r)^t -1}{r}$ ...............1

here P is principal amount i.e $700 given and r is are and t is time

The value of the stock account at retirement will be

value of the stock account = $700 \frac{(1+\frac{0.09}{12})^{25*12} -1}{\frac{0.09}{12}}$

value of the stock account = $784,785.36

and

value of the bond account at retirement will be

value of the bond account = $300 \frac{(1+\frac{0.05}{12})^{25*12} -1}{\frac{0.05}{12}}$

value of the bond account = $178,652.91

and

so value of the two accounts combined is here

= $178,652.91+$784,785.36 = $963,438.27

monthly withdrawal from combined account is

amount = $\frac{Pv}{\frac{1- \frac{1}{(1+r)^t}}{r} }$ ...............2

amount = $\frac{963438.27}{\frac{1- \frac{1}{(1+\frac{0.06}{12})^{20*12}}}{\frac{0.06}{12}} }$

amount = $6,902.37

3 0

3 years ago