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Orlov [11]
4 years ago
10

When determining the account balance for a particular account (ex. Accounts Receivable) in order to prepare a trial balance, the

best place to find the balance would be in the company's _____.
Business
1 answer:
DanielleElmas [232]4 years ago
4 0

Answer: General ledger

Explanation:

According to the given question, the company's general ledger is the term that is used to refers to the account that helps in balancing the specific account in the form of record, store and also summarizing all the transaction details of an organization by using the proper balance sheet chart.

The main role of the general ledger is that it helps in preparing the financial reports by including all the data such as revenue, liability, expense and the asset.

The general ledger is preparing the balance by using the transaction statement of the company's account.

 Therefore, General ledger is the correct answer.

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On the basis of the information, and assuming trade occurs between the three states, we can expect Multiple Choice Washington to
Goshia [24]

Answer: Washington to exchange apples with Texas and receive money in return.

Explanation:

The picture relating to the question has been attached.

From the question, we are informed that Michigan has surplus autos, and wants lettuce. Texas has surplus lettuce and wants apples. Washington has surplus apples and wants autos.

If trade occurs among the three states, Washington will exchange its apples with Texas since it has surplus apples and Texas also want apples. Of the three states, it is only Washington that has surplus apples so it can exchange with Texas for money.

7 0
4 years ago
Stone sour co. has an roa of 9 percent and a payout ratio of 18 percent. what is its internal growth rate?
DaniilM [7]

The internal growth rate is 7.97% Approximately

The internal growth rate is computed as shown below:

= ROA x ( 1 - payout ratio ) / [ 1 - ( ROA x payout ratio) ]

= 0.09 x ( 1 - 0.18 ) / [ 1 - ( 0.09 x 0.18 ) ]

= 0.0738 / 0.9262

= 7.97% Approximately

An internal growth rate (IGR) is the best degree of growth potential for a commercial enterprise with out acquiring outdoor financing. A firm's most inner increase rate is the extent of business operations that may maintain to fund and grow the corporation with out issuing new equity or debt.

The IGR assumes that operations can be entirely self-funded by way of the corporation's retained profits. In evaluation, the sustainable increase price (SGR) includes the effect of external financing, however the current capital structure is kept steady.

Learn more about internal growth rate here: brainly.com/question/25849702

#SPJ4

5 0
1 year ago
Wims, inc., has current assets of $6,000, net fixed assets of $25,100, current liabilities of $4,950, and long-term debt of $12,
loris [4]

Total assets = Current assets + Fixed Assets

Total assets = 6000+25100

Total  assets = 31,100

Total liabilities = Current liabilities + Long term debt

Total liabilities = 4950+12000

Total liabilities = 16,950

According to accounting equation, stockholder's equity = Total assets - total liabilities

Stockholder's equity = 31,100-16,950 = 14,150

Value of Stockholder's equity = $14,150

3 0
4 years ago
The following information came from the income statement of the Wilkens Company at December 31, 2017: sales revenue $1,800,000;
zaharov [31]

Answer:

6

Explanation:

The average turnover ratio is calculated using the formula.

average turnover ratio = Costs of goods sold

    Average inventories

For Wilkens Company, Costs of goods sold will be sales revenue - the gross profit

= $1,800,000- $600,000 = $1,200,000

Average inventory = Beginning stock + Ending stock /2

= $160,000 + $240,000 /2

=$200

Average turnover ratio = $1,200,000

       $200,000

=6

5 0
3 years ago
Petnro, a bike manufacturing firm based in the U.S., operates bike manufacturing plants in China, Japan, Taiwan, and Singapore u
Hunter-Best [27]

Answer:

The methods for conducting global business which petnro has used in the given scenario is :

C) The formation of wholly owned affiliates

Explanation:

In the question it has been mentioned that their is a bike manufacturing firm which is based in u.s. and operates in various other countries under a different name i.e. BikMe.

So, the scenario is like the parent company is receiving all the profits which have been made by all these facilities and also controls different segments of the plants.

Therefore,the methods for conducting global business which petnro has used in the given scenario is :

C) The formation of wholly owned affiliates

Role of global marketing in international business:

A development in the global marketing strategy helps in growing of a business. Marketing globally is the first way to improving your company globally all over the market.

Another benefit is that the customer awareness increases.

Global strategy example : Any company who is delivering the same quality and variety of product is known as the global strategy.

For example: Gucci delivers all its products globally in different countries.

As for example the company here mentioned is also developing its global strategy.

7 0
3 years ago
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