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Svetach [21]
3 years ago
6

An adjusted trial balance:Is a list of all accounts and their balances after adjusting entries.Is a list of all accounts and the

ir balances before adjusting entries.Is a list of all accounts and their balances after closing entries.Is a trial balance adjusted for cash-basis accounting.
Business
1 answer:
saul85 [17]3 years ago
6 0

Answer:

Is a list of all accounts and their balances after adjusting entries

Explanation:

There are two columns in the trial balance, namely columns of debits and columns of credits. It is always important to match the total debit and credit columns.

The debit columns record assets and expenses side while revenues, stockholder equity, and the liability side are recorded in the credit column.

And, the adjusted trial balance is that trial balance which provided the list of all accounts after recording the adjusting entries

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Junkyard Arts, Inc., had earnings of $290,400 for the year. The company had 52,000 shares of common stock outstanding during the
Kay [80]

Answer:

The basic EPS for Junkyard Arts, Inc. is $5.2 per share.

Explanation:

The basic earnings per share is the amount of net income that is earned per share of common equity or the amount of net income attributable to each share of common stock. The basic earnings per share (EPS) is calculated using the following formula,

Basic EPS = (Net Income - Preferred stock dividend) / Weighted average number of common shares outstanding

The preferred stock dividend for the period was = 8 * 2500 = 20000

Basic EPS = (290400 - 20000) / 52000

Basic EPS = $5.2

3 0
3 years ago
Suppose your firm receives a million order on the last day of the year. You fill the order with million worth of inventory. The
s344n2d4d5 [400]

Answer:

a. Revenues - These will increase by $5 million to represent the entire value of the order.

b. Earnings. - Increase by $3 million

Earnings in this case are revenue less the cost of inventory which will be;

= 5 - 2

= $3 million

c. Receivables - Increase by $4 million

The customer paid $1 million upfront which means that they still owe $4 million out of the $5 million. This will go to the receivables account to show that the customer owes the business.

5 0
3 years ago
You want to see how raising your client's target cost-per-acquisition (cpa) might affect his ad performance. which tool could he
inna [77]
That would be a "target CPA simulator"
7 0
3 years ago
The type of unemployment associated with recessions is called:
kherson [118]

Answer:

cyclical unemployment

5 0
2 years ago
Zacher Co.'s stock has a beta of 1.40, the risk-free rate is 4.25%, and the market risk premium is 5.50%. What is the firm's req
mihalych1998 [28]

Answer:

The answer is option (C). The firm's required rate of return=11.95%

Explanation:

The required rate of return can be expressed using the formula below;

RRR=RFR+B(MRR)

where;

RRR=required rate of return

RFR=risk free return

B=beta

MRR=market rate of return

In our case;

RRR=unknown

RFR=4.25%

B=1.4

MRR=5.5%

This can be written as;

Required rate of return=risk free return+(beta×market rate of return)

replacing;

RRR=4.25%+(1.4×5.5)

RRR=(4.25%+7.7)=11.95%

The firm's required rate of return=11.95%

5 0
3 years ago
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