Answer:
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Explanation:
Answer:
A. Reset the temporary accounts and update retained earnings.
Explanation:
This is a performed by an organisation in form of transferring data of financial values from temporary accounts and its is been moved to the permanent account. Amidst these, the temporary account is said to balanced in such a way to be zero; because when not done so, the remaining data from the temporary account will be moved to the permanent account.
Process involved in this includes: Closing summaries that belong to income accounts and move to income summary. Also all expense accounts to income summary.
Answer:
The initial outlay of this project is $270,000
Explanation:
According to the given data we have the following:
cost of new machine= $200,000
shipping cost=$5,000
installation cost=$15,000
working capital=$50,000
Therefore, in order to calculate the initial outlay of this project we would have to make the following calculation:
initial outlay of this project=cost of new machine+shipping cost+installation cost+working capital
initial outlay of this project= $200,000+$5,000+$15,000+$50,000
initial outlay of this project= $270,000
There is a great deal of difference in interest rates between _______.
Answer: Out of all the options presented above the one that completes the statement above is answer choice C) excellent and poor credit ratings. The higher credit score you have the lower interest rates you will have to pay and the lower the credit score the higher interest.
I hope it helps, Regards.
