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2 years ago

The __________ is a listing of all the balance sheet and income-related accounts

1 answer:

8 0

<span>Answer : Chart of accounts Explanation: A chart of accounts (COA) is a created list of the accounts used by an organization to define each class of items for which money or the equivalent is spent or received. It is used to organize the finances of the entity and to segregate expenditures, revenue, assets and liabilities in order to give interested parties a better understanding of the financial health of the entity.</span>

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Walnut has forecast sales for the next three months as follows: July 4,900 units, August 6,900 units, September 8,000 units. Wal

Andreas93 [3]

Answer:

the budgeted selling and administrative expenses for July is $64,100

Explanation:

The computation of the budgeted selling and administrative expenses for July is shown below:

= Budgeted selling & admin cost + (per unit sold × July units)

= $20,000 + ($9 × 4,900 units)

= $20,000 + $44,100

= $64,100

hence, the budgeted selling and administrative expenses for July is $64,100

We simply applied the above formula

3 0

2 years ago

15. Chef A insists that roux is the traditional thickener for bisque. Chef B insists that it's rice. Which chef is correct?

inna [77]

Answer:

Hi,

The correct answer option is B. Both chefs are correct

Explanation:

Roux is a mixture of fat and flour for making sauces.The purpose of roux is to form a base for the sauce and soup by thickening the sauce.Butter is commonly used for making roux.Veloute,a common cuisine is thickened with roux. Bisque is a soup made of pureed shellfish.Rice is used to thicken Bisque.This soup is smooth, creamy and seasoned.

Hope this helps!

3 0

3 years ago

Read 2 more answers

A clause which provides for deeds to portions of land to be conveyed as certain percentages of the contract price are paid, is :

Sedaia [141]

Answer: partial release clause

Explanation:

The partial release clause is regarded as a clause which provides for deeds to portions of land to be conveyed as certain percentages of the contract price are paid.

The partial release clause simply states that when the balance on a mortgage has been paid to a particular amount, the lenders will have to release a parcel.

4 0

3 years ago

When the price level in the united states falls relative to theprice level of other countries, ________ will fall, ________ will

Rufina [12.5K]

When the price level in the United States fall relative to the price level of other countries, IMPORTS will fall, EXPORTS will rise and NET EXPORTS will rise.
When the price level of the United state is lower than that of another country, the amount of goods that will be brought from another country into US will be reduced while the amount of goods that US send to other countries will increase.

6 0

2 years ago

On January 1, 2009 the accounts receivable and the allowance for doubtful accounts carried balances of $20,000 (debit) and $500

denis23 [38]

Answer:

The net realizable value of receivables appearing on the 2009 balance sheet is $14,250

Explanation:

First, we need to calculate the balance of account receivables

Ending balance = Beginning Balance + Credit sales - Cash collected - Bad debt written off

Where

Beginning Balance = $20,000

Credit sales = $100,000 x ( 100% - 30% ) = $70,000

Cash collected = $74,550

Bad Debt written off = $550

Placing values in the formula

Ending balance = $20,000 + $70,000 - $74,550 - $550 = $14,900

Now, we need to calculate the balance of allowance for doubtful accounts as follow

Ending Balance = Beginning balance + Bad debt Expense - Bad debt written off

Where

Beginning balance = 500

Bad debt expense = $70,000 x 1% = $700

Bad debt written off = $550

placing values in the formula

Ending Balance = $500 + $700 - $550 = $650

Now calculate the balance of realizable value of account receivables as follow

Net realizable value of receivables = Ending balance of receivables - Ending balance of allowance for doubtful accounts = $14,900 - $650 = $14,250

6 0

2 years ago