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4 years ago

Review the steps in the accounting cycle and answer the following questions:

Business

1 answer:

GenaCL600 [577]4 years ago

4 0

Accounting cycle has various steps to discuss, which are listed below,

Explanation:

The first step in accounting cycle is to analyze and have a record of transactions.

Post closing trial balance is an optional step in the accounting cycle.

Journalizing and posting the closing entries are the steps required to complete throughout the accounting period.

Adjustments of accounts, preparing the financial statements and closing accounts are completed at the end of accounting cycle period.

The last step in the accounting cycle is to post closing trial balance.

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what circumstances would it be appropriate for a firm to use different costs of capital for its different operating division div

djyliett [7]

If the several operational divisions were in significantly different risk classifications, distinct cost of capital estimates should be used for each division; using a single, overall cost of capital would be incorrect.

<h3>Why is it essential for businesses to calculate their cost of capital?</h3>

In economics and accounting, the cost of capital is the price a firm pays for its assets, or from the investor's point of view, the needed rate of return on a portfolio company's existing securities. It is used to assess a company's new ventures. The cost of capital is used by business executives to determine how much money new ventures need to earn in order to cover their initial costs and turn a profit. They also use it to assess the risk of future business decisions. Investors and analysts place a high value on the cost of capital.

The common issue encountered when assessing the cost of capital for a division is that its own securities are rarely traded on the market, making it impossible to monitor the market's appraisal of the division's risk.

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2 years ago

Suppose that a monopoly firm finds that its MR is $56 for the first unit sold each day, $55 for the second unit sold each day, $

OlgaM077 [116]

Answer:

Explanation:

the file attached shows the solution to the three questions asked i hope it helps. thank you

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3 years ago

The board of directors is typically responsible for ________. A. managing dayminustominusday operations B. approving strategic

slega [8]

Answer:

B: Approving Strategic goals and plans

Explanation:

The BOD meets frecuently to revise and define the Strategy and take the most relevant decitions of the company . The members of the BOD are the shareholders representatives in the busines.

5 0

3 years ago

Read 2 more answers

3.A producer would most likely An Buy books and music B. Shop for Groceries Co Purchace cookies Do Serve in a Coffee shop

sattari [20]

Answer:

Explanation:

because its a producer

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3 years ago

A sole proprietorship: Multiple Choice provides limited financial liability for its owner. involves significant legal costs duri

zalisa [80]

Answer:

Has its profits taxed as personal income

Explanation:

Sole proprietorship: The sole proprietorship is the person who is the single owner of a company. He is personally liable for all the acts which are held in the company. In this, there is no separate entity between the company and its members.

Moreover, during filling the return, the owner has to file a tax based on the profits on its personal income

Its owner choice to continue the business for longer period or for a shorter period. So, it does not has unlimited life, neither it have limited financial liability nor it involves significant legal costs during the formation process.

So, a sole proprietorship has its profits taxed as personal income.

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3 years ago

Review the steps in the accounting cycle and answer the following​ questions:

Review the steps in the accounting cycle and answer the following questions: