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grigory [225]
3 years ago
14

What is the major difference between the unadjusted trial balance and the adjusted trial balance?

Business
2 answers:
11Alexandr11 [23.1K]3 years ago
5 0

Answer:

The correct answer is Option a. The adjusted trial balance includes the postings of the adjustments for the period in the balance of the accounts.

Explanation:

The trial balance is a summary of all the account balances for an organization, usually spooled at the end of the year. The possibility exist that transaction that occurred during the year are not captured, accurately or properly recorded in the books. When the company's financial statements are reviewed at the end of the year, adjustments may be made to the unadjusted trial balance to include transactions previously not recorded, accurately or properly captured in the books of accounts.

The inclusion of these adjustments results in the adjusted trial balance.

Hence Option a which states that the adjusted trial balance includes the postings of the adjustments for the period in the balance of the accounts is the right option.

zzz [600]3 years ago
5 0

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In perfect competition, each additional unit of output that a firm sells will yield a marginal revenue that is:
il63 [147K]

Answer:

The correct answer is equal to price.

Explanation:

A perfectly competitive firm is a price taker. This is because of the large number of firms, no single firm is able to influence the price. So each firm faces a horizontal demand curve. This horizontal line shows demand, marginal revenue, and average revenue.  

The price level is determined at the point where the marginal cost is equal to price. The marginal revenue is always equal to price because the price is fixed at a point, each output level is supplied at the same price.

4 0
3 years ago
Are there any benefits for the law being "Vague and Variable"?
Alisiya [41]
Their benefit is to all of society rather than to an individual 
8 0
3 years ago
Users create expense reports and attach receipts in an Expenses app before submitting them for approval. What should the Adminis
monitta

Answer:

The administrator should consider the App's ability to enable the user to scan and attach receipts with the expense reports.

Explanation:

The App for Salesforce Mobile should be enabled to scan and attach receipts with the expense reports in order to meet the user's requirements.  The easiness of the Mobile App achieving this functionality is very important.  Once users were not always able to easily implement this functionality in the App, then it would not be considered user-friendly.  The scanning should be as simple as taking a shot with the phone's camera.

7 0
3 years ago
Weiss Company purchased two identical inventory items. The first purchase cost $30 and the second cost $32. When the Company sol
zhuklara [117]

Answer:

a) FIFO

Explanation:

FIFO means first in, first out. It is an inventory system where the first purchased inventory is the first to be sold . The cost of goods sold is $30 which is equal to the price of the first purchased inventory . Therefore, the FIFO inventory system was used.

LIFO means last in, first out. It is an inventory system where the last purchased inventory is the first to be sold.

Weighted average is when the weighted price of inventory is used as the cost of goods sold.

I hope my answer helps you.

3 0
3 years ago
If a firm has a cost of equity of 15 percent, and the firm is 100 percent equity financed. The firm is contemplating a $150 mill
Nikolay [14]

Answer:

c. $166.67 million

Explanation:

cost of expansion = new equity issued / (1 - flotation costs)

cost of expansion = $150 million / (1 - 10%) = $150 million / 90% = $166.67 million

Flotation costs increase the cost of equity, since they are an expense that decreases the net amount of money received by a corporation when it issued new stocks or new bonds.

4 0
3 years ago
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