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julsineya [31]
3 years ago
10

A trial balance is a(n) (list/balance/chart) ___ of accounts and their balances at a point in time and is used to confirm that t

he sum of debit account balances equals the sum of ___ account balances. Use one word for each blank.
Business
1 answer:
katovenus [111]3 years ago
3 0

Answer:

The correct words for the blank spaces is: list; credit.

Explanation:

A Trial Balance is a worksheet listing the debit and credit balances of all the ledger accounts for an entity. Under accounting theory, <em>the total of all the debits must equal the total of all the credits</em>. Since the trial balance is a list of all the accounts it serves as an accuracy check.

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Using the expanded accounting equation, calculate and enter the answers for each question. You will need to use the answers you
Bas_tet [7]

Solution:

Answer for 1. and 2. :

Particulars                Assets     liabilities  owner's equity

Beginning capital           29000            16000            13000

Ending capital           63000            29000           34000

3. Beginning capital     13000

    add new stock              5500

      Add : Income                 ?

          Sub total                 ?

      Less: Dividend      36700

     Closing Capital      34000

By inserting the last two numbers of the sentence you will determine the "Subtotal." : 36700+34000 = 70700

We learn from the top of the document that the equity of the investor at the outset was $13,000 and the shareholding of $5500 was released. Therefore, when calculating net income, we have $18,500.

Now , Net income =70700-18500=$ 52,200

4. Closing Capital+Dividend =Common stock +net income

                                                =34000+8100

                                               =Common stock +1000

Then common stock = $ 41,100

5. Closing Capital + Dividend = Opening capital +Common stock issued +net income

34000+dividend =13000+16700+18000  

Dividend = $13700

6. Closing Capital + Dividend = Opening capital +Common stock issued +net income

=34000+1600 =13000+41100+ net income or loss

Net loss=$ 18500

Expanded accounting Equation for a corporation is :

Assets = Liabilities + Paid-in Capital + Revenues – Expenses – Dividends – Treasury Stock

4 0
3 years ago
"Integrated marketing communications represents the _________________ P in the four Ps of a firm's marketing mix. "
lozanna [386]

Answer:

Promotion

Explanation:

The four Ps of of the marketing mix are Pricing, Promotion, Place, and Product.

Integrated marketing communications is part of promotion.

Promotion is defined as the act of increasing awareness about a product or service to the target market with a view of increasing sales. It involves communication beneficial information of a product to the buyer.

Integrated marketing communications which is the process of employing all promotional tools to work in harmony.

Therefore it represents promotion in the marketing mix

6 0
3 years ago
The economy's long-run AS curve assumes that wages and other resource prices _____. rev: 06_12_2018 Multiple Choice eventually r
liubo4ka [24]

Answer: eventually rise and fall to match upward or downward changes in the price level.

Explanation:

Long-run aggregate supply (LRAS) curve simply shows the long-term output for a country. In the long-run, it should be noted that the aggregate supply curve is vertical, which shows that the changes in the aggregate demand will only result in a temporary change with regards to the total output of the economy.

The aggregate supply curve of an economy assumes that the wages and other resource prices eventually rise and fall to match upward or downward changes in the price level.

Therefore, the correct option is A.

8 0
2 years ago
Southern california publishing company is trying to decide whether or not to revise its popular textbook, financial psychoanalys
steposvetlana [31]

If the company requires a return of 10 percent for such an investment, calculate the present value of the project.

The present value of the project is $72349.51.

Since we consider only incremental cash flows for a project, we consider $21,600 for year one and calculate a 4% increase for each of the additional years.

We then calculate the Present Value Interest Factor (PVIF) at 10% for four years using the formula :

PVIF = 1 / [(1+r)^n]

Next, we find the product of the respective cash flows and PVIF for each year.

Finally, we find the total of the discounted cash flows for the four years to find the Present Value of the project.

8 0
3 years ago
Advertising for Abercrombie and Fitch uses overt sexuality to sell clothes. Ads for Abercrombie, the pre-teen sizes, are only mo
madam [21]

Answer:

The correct answer is C. firm to the environment.

Explanation:

Currently, when a company begins its usual operations and the one that it will play day by day throughout its existence, it cannot leave aside knowing the role of its company, the environment in which it develops its function as a company or its operation with the environment , and it is essential that the company meets the social responsibility to which it is obliged.

It should always be taken into consideration that the life of the human being is greatly influenced and affected by the environment that surrounds it, so that the proper development and even its survival, depends entirely on the relationship between the company and The environment around us. And as with a coin, which has two sides, exactly the same thing happens between business and environment relationships, since on the one hand our environment provides us with the energy and resources we need to take advantage of them in Our business operations.

While on the other hand, man is also exposed to the possible aggressions that occur in the environment, as in the case of floods, pests, diseases, inclement weather or deprivation of resources, between others. The problem with this is that in our current society, the more it produces the more resources are needed, and the more it consumes the more waste and garbage is generated.

4 0
3 years ago
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