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
BartSMP [9]
3 years ago
5

A reversing entry is the exact opposite of an adjusting entry made in a previous period. is made when a business disposes of an

asset it previously purchased. is made when a company sustains a loss in one period and reverses the effect with a profit in the next period. reverses entries that were made in error.
Business
1 answer:
Ulleksa [173]3 years ago
7 0

Answer: A reversing entry: <em><u>"is the exact opposite of an adjusting entry made in a previous period.".</u></em>

<em><u /></em>

Explanation: Reversion entries are an end-of-the-year technique that involves the reversal, on the first day of the new accounting period, of those end-of-year adjustment entries that cause expenses or income and therefore will result in payments or cash receipts. Its purpose is to allow company personnel to record routine transactions in a standard manner without referring to previous adjustment entries.

You might be interested in
What is a current account?​
11111nata11111 [884]

Answer:

<h2>a bank account from which you can take out your money when you want, with a cheque book or cash card</h2>

Explanation:

HOPE IT HELPS

5 0
2 years ago
Read 2 more answers
Selected operating data for two divisions of Outback Brewing, Ltd., of Australia are given below: Division Queensland New South
madreJ [45]

Answer:

Queensland division has ROI of 35.7%

New South Wales division has ROI of 38.88%

The divisional manager at New South Sales division has a higher ROI and seems to doing better job

Explanation:

The return on investment stated in terms of margin and turnover=net operating income/sales*sales/average operating assets

For Queensland division return on investment is computed thus:

net operating income is $232,050

sales is $2,275,000

average operating assets is $650,000

return on investment=$232,050/$2,275,000*$2,275,000/$650,000=35.70%

For New South Wales division return on investment is computed thus:

net operating income is $200,232

sales is $2,781,000

average operating assets is $515,000

return on investment=$200,232/$2,781,000*$2,781,000/$515,000=38.88%

7 0
3 years ago
A manufacturing department completed and transferred to finished goods a total of 50,000 units. They also had 2,500 units in end
Alinara [238K]

Answer:

The cost of units completed this period is $ 350,000

Explanation:

<u><em>Units Out of the Process Were:</em></u>

Finished Goods = 50,000

Ending Work In Progress = 2500

          <u>1.) Finished Goods Equivalent Units</u>

Materials : Finished Goods are 100% complete in terms of materials hence 50000 equivalent units

Conversion : Finished Goods are 100% complete in terms of conversion costs hence 50000 equivalent units

         <u> 2.) Cost of units completed Units</u>

Materials : 50000 × 5.75 =287500

Conversion : 50000×1.25 =62500

Total = 287500 + 62500 = $ 350,000

<em>*Note Ending Inventory is not relevant for this question</em>

<u />

3 0
3 years ago
Steve feels relief when a client cancels. His attendance at staff meetings is irregular and he tends to psychologically withdraw
AysviL [449]

Answer:T

The correct answer is option (c) Emotional

Explanation:

From the given question, Steve is suffering from emotional burnout

Steve is experiencing or having an Emotional type of burnout, this type of burnout comes if the employee were required by relatives,organization family.

Steve holding higher level of responsibility, that resulted emotional burn out for him.

8 0
3 years ago
A collection of verbal and symbolic assertions that specify how and why variables are related, and the conditions under which th
Vladimir79 [104]

Answer:

-1 to +1

Explanation:

The correlation coefficient range is from -1 to +1.

-1 shows that there is perfect negative correlation.

+1 shows that there is perfect positive correlation.

0 shows there is no correlation.

Positive correlation shows that with the increase of let's say X, there would also be increase of Y. They would positively move together

Negative correlation shows that two variable move in opposite direction.

6 0
3 years ago
Other questions:
  • Philip morris bought miller brewing and launched low-calorie beer, at a time when consumers had the impression that low-calorie
    9·1 answer
  • Which of the following statements about federal student loans is true
    15·1 answer
  • Which of the following best describes the unit price of an 8-ounce bag of walnuts? It is the number of ounces that can be bought
    9·2 answers
  • An investor has a $5,000 pretax return, The state tax rate is 4.5%, and the federal tax rate is 22.0%, what is the real investme
    5·1 answer
  • If you put $700 in a savings account at an interest rate of 3 percent, how much money will you have in one year?
    9·1 answer
  • Give three examples of business processes or operations that would benefit significantly from having detailed real-time or near
    13·1 answer
  • While negotiating with Stewart to purchase his house, Yasmine asks him about the condition of the roof. "Excellent," he replies.
    7·1 answer
  • Which of the following is an example of promotion?
    6·2 answers
  • The Internet has lowered the entry barriers for smaller firms that wish to diversify into international markets. Why is this so
    6·1 answer
  • 1. Large-denominated ($100,000 and more) time deposits
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!