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Vilka [71]
4 years ago
7

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

Business
1 answer:
katrin2010 [14]4 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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An open market sale of government securities by the Federal Reserve will
inysia [295]

Answer:

C) Decrease bank reserves, decrease bank loans and decrease the money supply while raising interest rates

Explanation:

Selling by the Federal reserve of government securities is an application of contractionary monetary policy. These securities are purchased by the commercial banks which results in a reduced reserve for these banks. This reduction in reserve restricts credit creation which is the banks, ability to lend loans. When there are less loans in the market - there is a reduced money supply in the market and thus the cost of borrowing or interest rates are pushed higher because of limited money supply.

Similarly purchasing these securities will leave banks with ample money and more credit can be created thus inducing the opposite effect.

Hope that helps.

5 0
3 years ago
The point when the company makes exactly enough money to pay for itself, without making extra as a profit, is the ____________ p
Semmy [17]

It's the break even point. It means where your expenses are paid by your income.

Startup should be a long way in the past. Startup money is how much it takes to get the business off the ground.

Tax doesn't apply. Tax money is what the business has to pay. In this case, it is probably nothing because they are not making anything above expenses.

Legal is not applicable either. It usually refers to a law suit.

7 0
3 years ago
Read 2 more answers
Using the Indirect Method to create the Statement of Cash Flows, which of the following options are correct in describing what m
Gwar [14]

Answer:

a) A gain is subtracted from net income.

d) An increase in operating current assets is subtracted from net income.

e) A decrease in operating current liabilities is subtracted from net income.

Explanation:

Operating activities: It involves those transactions that affect the after-net income working capital. It would subtract the rise in current assets and a decrease in current liabilities while add a decrease in current assets and an increase in current liabilities.  

It would modify those changes in working capital. For addition, the depreciation costs are added to the net income and the loss on the sale of assets is applied, while the gain on the sale of assets is excluded

So, the following options are used-

a) A gain is subtracted from net income.

d) An increase in operating current assets is subtracted from net income.

e) A decrease in operating current liabilities is subtracted from net income.

8 0
4 years ago
The presence of price floors in a market is usually an indication that: the forces of supply and demand are unable to establish
Aleonysh [2.5K]

When there is a price floor in the market, this usually means that  the sellers of the good or service outnumber the buyers.

<h3>What is a price floor?</h3>
  • It refers to an amount that the price of a good is not allowed to fall below.
  • It is imposed by the government to prevent market failure.

The reason the price might fall so low that a price floor would be implemented is that there are more suppliers in the market than consumers. The price will therefore fall according to the Law of Demand.

In conclusion, option D is correct.

Find out more on the law of demand at brainly.com/question/1078785.

8 0
3 years ago
WHAT S THE LEAST AMOUT YOU CAN GET PAID IN A WEEK IF YOUR WORK 50 HOURS
Akimi4 [234]

Answer:

Probably 10 bucks an hour.

Explanation:

4 0
3 years ago
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