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OlgaM077 [116]
3 years ago
13

What is the last account that should be listed in the Post Closing Trial Balance? Group of answer choices Income Summary Capital

account Cash Fees Earned
Business
1 answer:
Gekata [30.6K]3 years ago
8 0

Answer:

Capital account

Explanation:

The post-closing trial balance is the trial balance that is prepared after recording the closing entries so that the post-closing trial balance could be prepared and plus it would also match the debit sections with the credit sections  so that the financial statements presents the fair view to the users of the accounting

And, while preparing the post-closing trial balance, the capital account always appears in the last                        

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(a) What factors determine a
Snezhnost [94]

Answer:

(a) What factors determine a  company's total revenue?

Sales.

(b) Do higher  lead to increased revenues for a company?

Yes, a <u><em>Lead</em></u> is a person or company that might finally become a client, and drive the sales up.

6 0
3 years ago
Knightmare, Inc., will pay a dividend of $6.15, $9.05, and $12.25 per share for each of the next three years, respectively. The
iVinArrow [24]

Answer:

The current stock price is $21.54

Explanation:

The current price of the share of Knightmare Inc is the present value of all future cash flows receivable from owning stake in the company.

The future cash flows in this sense are the dividends payable by the company in years 1,2 and 3 which are $6.15,$9.05 and $12.25 per share respectively.

The discount factor in this case is given as 1/(1+r)^N where  r is the required rate of return of 11.7% and the relevant year of dividend receipt,hence the share price is computed thus:

Year   cash flow discount factor               PV

1            $6.15      1/(1+11.7%)^1=0.89525   $5.5

2             $9.05  1/(1+11.7%)^2=0.80148      $7,25

3            $12.25  1/(1+11.7%)^3=0.71753        $8.79

Total present value                                      $21.54

4 0
3 years ago
Read 2 more answers
Acloe Inc., a nutrition bar manufacturing company, plans to commence its budget preparation. The management of the organization
mariarad [96]

Answer:

bottom-up

Explanation:

According to my research on different financial strategies, I can say that based on the information provided within the question Acloe Inc. is most likely to adopt the bottom-up budgeting approach. This approach focuses on attempting to determine costs of each department in an organization and then total up all of the departments. Which is what is being done in this situation.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

4 0
3 years ago
Troubleshooting differs from diagnosis in that _____.
tigry1 [53]
I believe it is the B. troubleshooting focuses on how to fix the problem
5 0
3 years ago
Lee worked 22 hours this week and made $132. if she works 15 hours next week at the same pay rate, how much will she make?
Bogdan [553]
You do:

132 divided by 22 to calculate the daily wage. The answer is 6. Next you do 15x6 which equals 90. Therefore, the answer is $90
6 0
3 years ago
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