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4 years ago

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Business

1 answer:

bazaltina [42]4 years ago

5 0

I think your answer would be B: Journal.

Adjusting entries are journal entries recorded at the end of an accounting period to alter the ending balances in various general ledger accounts. These adjustments are made to more closely align the reported results and financial position of a business with the requirements of an accounting framework, such as GAAP or IFRS. This generally involves the matching of revenues to expenses under the matching principle, and so impacts reported revenue and expense levels.

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Pablo was reviewing the water bill for his carwash business and determined that the highest bill, $5,400, occurred in July when

otez555 [7]

Answer:

Variable cost per unit= $1.92 per car wash

Explanation:

Giving the following information:

$5,400, occurred in July when 2,700 cars were washed and the lowest bill, $3,100, occurred in February when 1,500 cars were washed.

To determine the variable cost, we need to use the high-low method:

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (5,400 - 3,100) / (2,700 - 1,500)= $1.92 per car wash

8 0

3 years ago

True or false: gross domestic product (gdp) measures total expenditures on final goods and services during a given period of tim

Fittoniya [83]

That statement is True.

The purpose of calculating Gross Domestic Product is to measure the market value of all the goods and services that produced by a country within a specific time period.

Gross Domestic Product is calculated using this formula:

Consumption + Gross Investment + Government investment + (Exports - Imports)

6 0

3 years ago

Read 2 more answers

Total Pool Services earned $130,000 of service revenue during 2018. Of the $130,000 earned, the business received $105,000 in ca

docker41 [41]

Answer:

Cash Basis and Accrual Basis

Explanation:

We be using the Cash Basis and Accrual Basis method to explain this

If we are going to use cash basis accounting system

the service revenue will = $105,000 while

Pool Expenses will = $80,000

If we are going to use accrual basis accounting system

the service revenue = $130,000 while

Pool Expenses = $85,000

8 0

3 years ago

Which 2 statements are true regarding Intuit-approved QuickBooks Online apps?

Zielflug [23.3K]

Answer: • You or your client can add apps to the client's account

• They must be available via the Apps screen in QuickBooks Online Accountant or apps.com

Explanation:

You didn't give the options to the questions but I got the options online. Quickbook refers to an accounting software package that is used by businesses to pay bills, accept payments, do payroll functions etc.

The correct statements regarding Intuit-approved QuickBooks Online apps include:

• You or your client can add apps to the client's account.

• They must be available via the Apps screen in QuickBooks Online Accountant or apps.com

5 0

3 years ago

Assume that you finance a new car when you graduate. It will cost $120,000 and you will finance it with a 84 month contract havi

shusha [124]

Answer: $1942.89

Explanation:

Since the car will cost $120,000 and it will be financed with a 84 month contract having a nominal rate of 9.20%, then the monthly payment will be:

= PMT(9.2%/12, 84, -120000)

This will be slotted into the Excel calculator and the answer gotten will be $1942.89

Therefore, the monthly payment will be $1942.89.

6 0

4 years ago