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3 years ago

From the following list of steps in the accounting cycle, identify what two steps are missing:

Business

1 answer:

katrin2010 [14]3 years ago

4 0

Answer:

d. Adjustment data are assembled and analyzed.

h. Closing entries are journalized and posted to the ledger.

Explanation:

The fourth step is missing which is to adjust the data. After the unadjusted trial balance is prepared, if the debit side and the credit side do not match, the data will need to be adjusted and that is what this step is for.

The penultimate step is also missing being the journalizing of the closing entries and posting them to the ledger. This is done to close out the accounts for the year and bring all accounts except permanent ones to zero.

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External benefits in consumption refer to benefits accruing to those a. who bought and consumed the product.b. who are selling t

Sphinxa [80]

Answer:

The correct answer is d) other than the ones who consumed the product.

Explanation:

An external benefit happens when producing or consuming a good or service, causes a benefit to a third party or person.

For example:

When a constructor builds a new block of apartments, the developer should build access roads to the new construction. The external benefit appears when these roads can be used by the residents of other buildings and the neighbors.

3 0

3 years ago

Kathy has taken a job with her ideal company and is excited to start in their sales department. During orientation, she is told

Ira Lisetskai [31]

Answer:

a) Customer relationship management

Explanation:

Customer relationship management -

It is the approach to manage the interaction of the company with the potential and current customers .

It is done by using data analysis of the history of the customer with the company , in order to improve the the relationship of the business with the customers , which focus on the retention of the customers and to increase the sale .

Hence , from the question information , the correct answer is a) Customer relationship management .

7 0

3 years ago

An investment costs $152,000 and has projected cash inflows of $71,800, $86,900, and −$11,200 for Years 1 to 3, respectively. If

Radda [10]

Answer:

No; The IRR is less than the required return.

Explanation:

Calculation of IRR is given by the formula: Lr x NPVL / NPVL - NPVH x (Hr - Lr)

where

Lr = Lower rate of discount

Hr = Higher rate of discount

NPVH = NPV at Higher discount rate

NPVL = NPV at Lower discount rate

Assume a low discount rate of 1% and a high rate of 20%

NPV at 1%

Particulars Year 0 Year 1 Year 2 Year 3

Cash flows 152,000 71,800 86,900 (11,200)

DCF 1% 1 0.99 0.98 0.97

Present values (152,000) 71,082 85,162 (10,864)

NPV = $6,620

NPV at 20%

Particulars Year 0 Year 1 Year 2 Year 3

Cash flows 152,000 71,800 86,900 (11,200)

DCF 20% 1 0.83 0.69 0.58

Present values (152,000) 59,594 59,961 (6,496)

NPV = ($38,941)

Substituting values in the IRR formula we have:

1% x [($6,620 / ($6620 - (38,941))] x (20% - 1%) = 2.06%

Therefore we reject the project because it gives an IRR lower than the required rate of return of 15.5%

8 0

3 years ago

Domestic telecommunication companies in the United States are struggling due to foreign competition. How can the US government h

katrin2010 [14]

Answer:

A. The government should implement subsidies as they would help domestic businesses be able to afford to lower the prices of their goods and thus become more competitive.

Explanation:

The government adoption of subsidies in order to support domestic telecommunication is the most effective solution in the long run. Domestic firms will be able to compete with lower prices as the cost and expenses structure would have a lighter burden over revenue.

4 0

4 years ago

Read 2 more answers

A truck driver fell asleep at the wheel and his freight truck tipped over, leaking ammonia into the air and requiring an evacuat

Katena32 [7]

They both could be working together to find out how and when the truck driver would have fallen asleep and what could have caused him to fall asleep. Next, they could both figure out if the ammonia was in sealed containers and if not why. You could even come to the conclusion of the ammonia could have leaked from the containers and exposed the driver putting him to sleep.

8 0

3 years ago