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Doss [256]
3 years ago
9

A trial balance is prepared to:

Business
1 answer:
Nikolay [14]3 years ago
3 0

Answer:

d.discover errors that affect the equality of debits and credits.

Explanation:

Trial balance : In trial balance, there are two columns namely debit columns and credit columns. The total of debit and credit columns should always be matched.  

The debit columns record assets and expenses side whereas, the credit column record revenue, stockholder equity, and the liability side. It shows the error through which the debit side and the credit side would be affected.

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Orange Corporation manufactures custom-made wallets. The following data pertains to Job GH7: Direct materials placed into produc
Nataly [62]

Answer: Overhead cost assigned to Job GH7 is $300.

Explanation:

Given that,

Direct materials placed into production = $5000

Direct labor hours worked = 75 hours

Direct labor rate per hour = $35

Machine hours worked  = 200 hours

Factory overhead was budgeted = 100000

direct labor hours were estimated = 25000

Job GH7 consists = 60 units

Predetermined rate = \frac{Factory\ Overhead\ Budgeted}{Direct\ Labor\ hours\ estimated}

= \frac{100000}{25000}

=$4

Hence,

overhead cost assigned to Job GH7 = Direct labor hours worked × Predetermined rate

= 75 ×  4

=$300

7 0
3 years ago
g Mad Mex just paid a dividend of $4.00. Next year they anticipate paying a dividend of $6 and then a dividend of $7 in the subs
zalisa [80]

Answer:

The market value of the stock is $132.73.

Explanation:

D0 = Dividend just paid = $4

D1 = Anticipated next year dividend or Year 1 dividend = $6

D2 = Dividend of in the subsequent year or Year 2 = $7

D3 = Year 3 dividend = D2 * (100% + Dividend growth rate forever) = $7 * (100% + 5%) = $7.35

Sum of present values of D1 and D2 = (D1 / (100% + required rate of return)^1) + (D2 / (100% + required rate of return)^2) = ($6 / (100% + 10%)^1) + ($7 / (100% + 10%)^2) = $11.2396694214876

Stock price in year 2 = D3 / (Required rate of return - Dividend growth rate forever) = $7.35 / (10% - 5%) = $147

Present value of Stock price in year 2 = Stock price in year 2 / (100% + required rate of return)^2 = $147 / (100% + 10%)^2 = $121.487603305785

Market value of the stock = Present value of Stock price in year 2 + Sum of present values of D1 and D2 = $121.487603305785 + $11.2396694214876 = $132.73

Therefore, the market value of the stock is $132.73.

5 0
3 years ago
Money is: multiple choice any good that buyers and sellers have a desire to purchase, use, or hold. anything that both buyers an
marysya [2.9K]

Answer:

Money is: any good that buyers and sellers have a desire to purchase, use, or hold. only the printed paper currency and the coins that are produced by the government. anything that both buyers and sellers will accept in exchange for goods and services. the gold and silver behind the currency and the coins that are issued by the government.

Explanation:

if it is helpful..... plzz like and follow

8 0
3 years ago
Read 2 more answers
Assume that you invest $550 in a certificate of deposit that has an annual interest rate of 4.5 percent. According to the rule o
RoseWind [281]

Answer:

$1,100

Explanation:

Calculation for what will the investment be worth after 16 years

Rule of 72 is the rule or methods which help in estimating an investment's doubling time.

Therefore According to the rule of 72 what we are going to do is to double the amount of money invested in the Certificate of deposit which was $550

Hence,

Since $550 was invested at an annual interest rate of 4.5%. Thus the rule of 72 tells us that the money will double every 16 years,

Approximately:

Years Balance

Now $550

16 $1,100

( The amount of $550 doubles every  16 years)

Therefore what the investment be worth after 16 years will be $1,100

5 0
4 years ago
Q efectos produce sobre el consumidor la absolesencia programada<br>​
k0ka [10]

Answer:

hola aqui te va la respuesta y espero que te sirva

Explanation:

Son nefastas para nuestro planeta, produciendo mas de 215.000 toneladas de residuos en aparatos electrónicos

5 0
3 years ago
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