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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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Suppose a basket of goods and services has been selected to calculate the CPI and Year 1 has been selected as the base year. In
kolbaska11 [484]

Answer:

110

Explanation:

The consumer price index is an index that measures the inflation rate in a country. It tracks changes in prices for a basket of products and services in a country over time. CPI is calculated with a base year as the reference period.

The formula for calculating CPI with a base year is as below.

consumer price index=cost of the market basket in a given year   x100

                                     cost of a market basket at the base

In this case,

CPI  =  $ 55   x 100

            $ 50

CPI = 1. 1 x 100

CPI =110

7 0
3 years ago
Carter County entered into a capital lease to finance an Emergency-911 telecommunications system. The capitalized cost of the eq
Sloan [31]

Answer:

The second option

Explanation:

Expenditures

Other Financing Source

Cash $185,000

$160,000

25,000

3 0
3 years ago
HELP ASAP!! DUE TOMORROW!! WILL UPVOTE IF ANSWERED NOW!!
Ratling [72]
You must be able to not only stay calm in worst case situations but do the job properly. example: someone had sadly drown, You need to be calm despite the terror of whoever made the call. you must talk them on how to preform C.P.R and call a ambulance. You can't sound panicked at all and must be kind. You must act as though even if seeingly the person is dead, make it sound like they will live without exactly saying it. This could cause panic and have a possibly life threatening issue.

4 0
3 years ago
Performance ambiguity lowers the cost of control. True or false?
Natalka [10]

False. Performance ambiguity lowers the cost of control.

Performance ambiguity comes about when the cause of a persons poor performance is not clear. Since this happens due to unclear reasons, it does not lower the cost of control. Performance ambiguity is usually found within international companies and transnational firms. These types of companies are located in many different countries.

4 0
3 years ago
The following information was taken from Nash Inc.'s trial balances as of December 31, 2018, and December 31, 2019.
Elina [12.6K]

Answer:

1. Calculate the net profit margin and accounts receivable turnover for 2019

Net profit margin = Net income/Net sales

Net profit margin = 36,000/(219000-4000)

Net profit margin = 16.74%

A/R turnover = Sales/Average turnover

A/R turnover = (219000-4000)/((32000+39000)/2)

A/R turnover = 6.06

2. How much does Nash make on each sales dollar?

= 36,000 / (219000-4000)

= 36,000 / 215000

= $0.17

3. How many days does the average receivable take to be paid (assuming all sales arc on account)?

Days Sales Outstanding = Average account receivables*365 / Net credit sales

Days Sales Outstanding = [((32000+39000)/2)*365] / (219000-4000)

Days Sales Outstanding = 12957500/215000

Days Sales Outstanding = 60 days

8 0
3 years ago
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