Answer:
The answer is: B)The adjustment for prepaid insurance was omitted.
Explanation:
The adjusted trial balance is the last step before producing the financial statements of a company. Its format is identical to unadjusted balances, it has three columns: account names, debits and credits. The debit and credit columns are calculated at the bottom and should always be equal. If they aren’t equal, the trial balance was prepared incorrectly.
The only error that would cause the adjusted trial balance to be unequal (debts ≠ credits) is; The adjustment for prepaid insurance was omitted. Prepaid insurance should be debited and cash (or accounts payable) should be credited.
Answer:
See
Explanation:
With regard to the above information, Bonita's bad debt expense for the year ended, 31 December 2020 would be computed as;
= Allowance for uncollectible accounts + accounts written off as uncollectible -accounts receivables
= $101,500 + $69,500 - $966,500
=
Answer:
The cost is higher than that of providing dining room service
Explanation:
The single extra cost associated with providing 24 hour room service is full kitchen staff available 24/7. This is basically why room service is so expensive and at the same time makes hotels lose money. The only reason why most hotels keep offering it is that everyone else does.
It is basically an amenity that is very expensive for the customer and even more expensive for the hotel. Imagine having a full kitchen staff just to prepare 1 or 2 sandwiches. The cost of the sandwich is ridiculous and they cannot charge it completely either.
Generally the price of the food only covers the cost of the ingredients plus the cost of the room service clerk.
When the hotel provides dining room service they generally prepare 50 or more dishes, so the fixed costs are divided by many customers.
Answer: adjective
Explanation:
In the sentence Beth and the sales representative reviewed the product descriptions on the website, we can then infer that the word sales is an adjective.
This is because sales as used in the sentence qualifies the noun representative. Questions such as how many are answered by an adjective.
Introduction
main body of presentation should include for/against if applicable and an evaluation of the points raised
a conclusion