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3 years ago

You've just created and e-mailed the financial statements to your boss? What is the next step you should do in accounting cycle?

1 answer:

5 0

<span>You've just created and e-mailed the financial statements to your boss. What is the next step you should do in accounting cycle? Close out the revenue and expense accounts. After the financial statements are prepared all nominal accounts which include the revenue and expenses, should be closed out to zero. This allows for the accounts to be at an even start for the next accounting cycle.

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The corporate charter of Luney Corporation allows the issuance of a maximum of 100,000 shares of common stock. During its first

kakasveta [241]

Answer:

Luney Corporation is authorized to sell 100000 shares

luney has issued = 70000 shares

luney has shares outstanding 63000

Explanation:

given data

maximum shares of common stock = 100,000

sold shares = 70,000

reacquired = 7,000

solution

we know here 100000 shares are mention in charter of the company

so Luney Corporation is authorized to sell 100000 shares

and luney has issued = 70000 shares

so here

we know that

luney has shares outstanding = 70000 - 7000

luney has shares outstanding 63000

7 0

3 years ago

An individual has utility function U(x)=x1/4U(x)=x1/4 for salary, and is considering new job offer which pays $80,000 with a bon

vladimir2022 [97]

Answer:

108,280.22

Explanation:

Certainty equivalent is solved by taking the inverse utility function from the expected utility of a random wealth variable

U(x) = x^1/4

U^-1(x) = x^4

U^-1(x) === x^4

CE(x) = x^4

Salary Bonus Total income U(x)= x^(1/4) P(x) U(x)*P(x)

80000 0 80000 16.82 1/7 2.4

80000 10000 90000 17.32 1/7 2.47

80000 20000 100000 17.78 1/7 2.54

80000 30000 110000 18.21 1/7 2.6

80000 40000 120000 18.61 1/7 2.66

80000 50000 130000 18.99 1/7 2.71

80000 60000 140000 19.34 1/7 <u>2.76</u>

Sum <u>18.14</u>

CE(x) = 18.14^4

CE(x) = 108280.22

So therefore, the certainty equivalent of this job offer is 108,280.22

5 0

3 years ago

URGENT!!!

Gwar [14]

so,nominally,................... (copied by :- @-Venkatesh Rao cheap tricks-)

3 0

3 years ago

which one company is the best one you wish to invest for next 3 decades, based on its management, product or business model, fin

kykrilka [37]

The company that is the best one that i wish to invest for next 3 decades, based on its management, product or business model, financial condition(with low debt), consistent past and potential earning is Tesla.

<h3>What is Tesla's management structure?</h3>

In terms of management Tesla is seen to be one that uses a functional organizational structure that has a lot of hierarchical structure.

Tesla is one that uses functional centers that is said to be covered in all scope of all their business activities, such as finance, sales, marketing, technology, and it is one that is well structure.

In terms of profit and revenue, Tesla was said to have generated in the first Quarter of 2022 a revenues of about $17.76 billion, and also that of $2.26 in earnings per share and this is one I believe I can invest in.

Learn more about Tesla from

brainly.com/question/18296538

#SPJ1

5 0

2 years ago

A certain business produced x rakes each month form November through February and shipped x/2 rakes at the beginning of each mon

Natasha_Volkova [10]

Answer:

C. 1.40x

Explanation:

1. Production:

November through February: x rakes/month* 4 months = 4x rakes.

2. Shipping and storage costs

March= 4x (initial stock) - x/2 (shipped) = 3.5 x (in stock) * 0.1$ = $0.35

April = 3.5x (stock at end of March) - x/2 (shipped) = 3x*0.1$ = $0.30

May = 3x (stock at the end of April) - x/2 (shipped) = 2.5x*0.1$ = $0.25

June= 2.5x (stock at the end of May) - x/2 (shipped) = 2x (in stock) * $0.1 = 0.2$

July = 2x (stock at end of June) - x/2 (shipped) = 1.5x*0.1$ = $0.15

August = 1.5x (stock at the end of July) - x/2 (shipped) = 1x*0.1$ = $0.1

Sept= 1x (stock at the end of August.) - x/2 (shipped) = 0.5 x (in stock) * $0.1 = $0.05

October = 0.5x (stock at end of sept.) - x/2 (shipped) = 0*$0.1 = $0

Total storage cost= $0.35x+$0.30x+$0.25x+$0.20x+$0.15x+$0.10x+$0.05x+$0x

Total storage cost = $1.40X

5 0

3 years ago