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Rasek [7]
4 years ago
8

The recurring steps performed each reporting period in preparing financial statements, starting with analyzing and recording tra

nsactions in the journal and continuing through the post-closing trial balance, is referred to as the___:

Business
1 answer:
Ne4ueva [31]4 years ago
3 0

Answer:

Accounting Cycle

Explanation:

The accounting cycle includes the steps taken from transaction to recording of these transaction and preparation of annual financial statement and closing of books is known as accounting cycle. These are the tasks that are repetitive and the management follow all these steps to present a financial statement presents a true and fair picture of financial stance of the organization.

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You purchased 200 shares of ABC common stock on margin at $50 per share. Assume the initial margin is 50% and the maintenance ma
anygoal [31]

Answer:

get margin call if stock drop below $35.71

Explanation:

given data

share = 200

margin = $50 per share

initial margin = 50 %

maintenance margin = 30%

to find out

margin call if the stock drops below

solution

we know equity is = 200P - 5000

and here P is margin call if stock drop

margin is express as

margin = \frac{equity}{share} = maintenance margin

\frac{200P - 5000}{200P} = 0.30

200P - 5000 = 60P

P = \frac{5000}{140}

P = 35.71

so get margin call if stock drop below $35.71

3 0
3 years ago
What are the typical fees banks charge?
baherus [9]
What are the typical fees banks charge?
7 0
3 years ago
Read 2 more answers
Your friend Jenny says a Roth IRA has the best tax advantages, because you pay taxes now and won't have to pay them when you tak
Tom [10]

Answer:

Right

Explanation:

Right if you expect tax rates to go up or because right now you are starting your career and your tax bracket would be lower now than what it will be later on. When you are older and in retirement, you would want to save your money and not have to worry about any taxes.

7 0
3 years ago
How do you know what particulars are required in a journal entry
Blizzard [7]

\huge\bold\blue{ AnSwEr}

Whatever you were learning, write about it. Since this is post is in middle school, your teacher probably expects atleast half a page to be written in. Write about whatever was asked to be written in the entry. If you're reading a book for class, it may need to be a summary of what you read in the book. If you had an assignment, it's probably about the assignment. "Journal entry" means to write in your notebook, so this wasn't very clear what you need help with, ask a classmate about what assignment needs to be written about

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8 0
3 years ago
The labor demand curve shows how many workers the firm is willing to hire Group of answer choices at any given wage. into high-s
kakasveta [241]

Answer:

at any given wage

Explanation:

The labour demand curve shows the number of workers that a firm is willing to hire at a given wage rate. The higher the wage, the lower the quantity of labour demanded and the lower the wage, the higher the number of workers hired. For this reason, the labour demand curve is downward sloping

Please check the attached image for a graph showing the labour demand curve

7 0
3 years ago
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