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2 years ago

A category that is not in the chart of accounts is

Business

1 answer:

Zigmanuir [339]2 years ago

6 0

The answer is: Cash flows

Chart of account consist of list with information regarding unique recording for all type of of asset, equity, income , liabilities and expense that the company has. Cashflow only records the amount of money that come in and out of the organization's fund, but it does not provide information regarding how the amount of assets that the company ha.

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Which of the following statements is/are FALSE, all else the same?

xz_007 [3.2K]

Answer:

I. Present values increase as the discount rate increases.

and

III. Present values are smaller than future values when both r and t are positive.

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3 years ago

Here are incomplete financial statements for BLOSSOM, Inc. Calculate the missing amounts

Otrada [13]

Answer:

(A) net income: 20,000

(B) COGS = 55,000

Explanation:

(A) with the RE statemtn we sovle for RE

net income = ending RE - beginning RE + dividends

net income = 27,000 - 12,000 + 5,000 = 20,000

(B) With the net income we solve for COGS

COGS= revenues - net income - salaries and wages

COGS = 85,000 - 20,000 - 10,000 = 55,000

liab + equity = total liab and stockholders equity

account payable + common stock + RE = total liab and stockholders equity

5,000 + CS + 27,000 = 62,000

CS = 62,000 - 27,000 - 5,000 = 30,000

5 0

3 years ago

According to PCN analysis, which process region includes process steps in which one participant is acting on another participant

mamaluj [8]

Options:

A. Independent processing

B. Surrogate Interaction

C. Direct interaction

D. Resource processing

E. Process domain Interaction.

Answer:B. Surrogate Interaction

Explanation:

PCN(preassigned control number) PROGRAM is a program system designed to allow the Library of Congress to assign control numbers in advance of a publication to those titles which may be included to collections of materials in the Library. PCN number is only assigned to publishers in the United States of America.

Surrogate Interaction is a type of Interaction taking place in a PCN program where there are no direct interaction.

3 0

3 years ago

High-risk or major functions are addressed in the first cycles there by delivering an operational product. Which of the sdlc pro

Lady bird [3.3K]

The SDLC process models achieves the above function is Incremental model. Thus, option (d) is correct.

Risk refers to the chance of happening something wrong. It involves the uncertainty about the after effects of the acts. For the businessman, risk is the reward for profit.

Incrementalism Model SDLC is a subset of a bigger system that divides a project into releases and then incrementally adds capability to each build.

This technique prioritizes the demands of the system, which are then achieved in groups.

Therefore, it can be concluded that option (d) is correct.

Learn more about risk here:

brainly.com/question/27754423

#SPJ4

Your question is incomplete, but most probably the full question was….

List of options:-

Select one:

a. Spiral Model

b. RAD model

c. Waterfall model

d. Incremental model

6 0

1 year ago

Maxim Corp. has provided the following information about one of its products: Date Transaction Number of Units Cost per Unit 1/1

aniked [119]

Answer:

$64,000

Explanation:

Calculation to determine the cost of goods sold using the average cost method

First step is to calculate the Average cost

Average cost = [(200 × $140) + (400 × $160) + (100 × $200)] ÷ 700 units

Average cost= $160

Now let calculate the Cost of goods sold

Cost of goods sold = $160 × 400 units

Cost of goods sold = $64,000

Therefore the cost of goods sold using the average cost method will be $64,000

5 0

3 years ago