1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
vfiekz [6]
3 years ago
9

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

Business
1 answer:
GenaCL600 [577]3 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.

You might be interested in
What are some of the advantages and disadvantages of buying a home compared to renting.
nignag [31]

well with buying a home you are stuck with it you cant just move out but with renting you can say ohh im moving and you can give them your key and get out its really not that bard

5 0
3 years ago
Suppose you own a small business and have been thinking about expanding production, including hiring more workers. Until recentl
disa [49]

Answer: Economic Growth, Employment opportunities, Standard of living improvement.

Explanation:

Macroeconomics is a branch of economics that deals with the structure, performance, behavior, and the decision-making of the economy as a whole. It includes the regional, national, and the global economies.

Expanding production will help the economy in the following ways:

1. Provision of employment opportunities: An increase in production will lead to more goods and services being offered. This will in turn, lead to more workers who would be needed for production.

2. Increase in standard of living: There will be an increase in the standard of living for people that were not employed before and now gainfully employed due to the expansion.

3. Economic growth: Economic growth is the increase in the goods and services in the economy. Increase in production will enhance economic growth.

6 0
3 years ago
When both parties to a contract are mistaken as to the same material fact either paarty can rescind the contract?
crimeas [40]
I took this question already, so if it was 
<span>
Often, when both parties to a contract are mistaken as to the same material fact, either party can rescind the contract.

It would be "True"

</span>
6 0
3 years ago
At Taylor Activewear, orders have significantly exceeded projections, and Macon, the operations director, has decided to hire fo
Afina-wow [57]

Answer: variable budget

Explanation: In simple words, variable budget refers to the budget statement which shows how much different costs would vary if the level of activity as per standards set increases or decreases.

These are also called flexible budget and are made on the basis of current level of output. These budgets provides flexibility to the management with respect to both best case and worst case scenarios.

From the above we can conclude that the correct answer is variable budget.

7 0
3 years ago
In response to threats from such companies as Amazon, established manufacturers and retailers became "brick-and-click" oriented
docker41 [41]

Answer:

Re-intermediation

Explanation:

Re-intermediation is the method applied by most businesses in using the internet to bring together new customers for a business. The advent of technology can afford business owners the possibility of eliminating physical intermediaries in a business. For example, house agents help people who are seeking for new places to live in, find houses easily. Through the internet, however, landlords can directly advertise their vacant houses, thus eliminating the agent relationship which would have served as an intermediary.

So, when established manufacturers by-pass Amazon (which is an intermediary between buyers and sellers) by adding online services to their existing offerings, they have done a re-intermediation.

6 0
3 years ago
Other questions:
  • 5 Examples of fiscal policy
    8·1 answer
  • What will keeping a running list of new words help you do?
    15·1 answer
  • If a country produced nothing but 20 smartphones and 10 Blu-ray players in 2017, priced at $100 per smartphone and $200 per Blu-
    6·1 answer
  • When creditors make a decision about approving an individual for a credit card, they consider an individual’s _____.?
    15·1 answer
  • A policymaker wants to reduce inflation. In order to make an intelligent decision about how to do so, the policymaker: should us
    7·1 answer
  • Lycan, Inc., has 8.8 percent coupon bonds on the market that have 7 years left to maturity. The bonds make annual payments and h
    9·1 answer
  • The application of moral and ethical analysis to a situation is usually called ethical. Ethics is rooted in the idea that every
    10·1 answer
  • Glover Corporation issued $2,000,000 of 7.5%, 6-year bonds dated March 1, with semiannual interest payments on September 1 and M
    12·1 answer
  • 1 My sister.....coming home this weekend. (is / are).
    9·1 answer
  • When the interest rate increases, the opportunity cost of holding money Group of answer choices increases, so the quantity of mo
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!