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2 years ago

Which step in the process of measuring external transactions involves assessing the equality of

Business

1 answer:

uysha [10]2 years ago

6 0

Answer:

B. Preparing a trial balance

Explanation:

A trial balance is not account, it simply represents a list of debits and credits derived from the ledgers. The list is usually generated after transactions have been taken from their source documents, posted to the journals and then transferred to the ledgers.

The trial balance will usually list the total of ledger items posted as debit or credit balances just as they are in the ledgers.

As said earlier, the trial balance is not an account, it is a self-check to ensure that there are no numerical errors in the debit and credit postings in the ledgers.

It simply ensures that the credit balances are equal to the debit balances meaning every debit entry had a corresponding credit entry confirming the use of double entry principle in ledger preparation.

The financial statements are usually prepared after the trial balance has verified the accuracy of debit and credit entries.

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You purchased 300 shares of common stock on margin for $60 per share. The initial margin is 60% and the stock pays no dividend.

MrMuchimi

Answer:

- 41.67%

Explanation:

For computing the rate of return first we have to compute the initial investment which is shown below:

= Number of shares × per share × initial margin percentage

= 300 shares × $60 per share × 60%

= $10,800

Now Loss on sale of common stock is

= (Selling price - purchase price) × number of shares purchased

= ($45 - $60 ) × 300 shares

= - $4,500

So the rate of return will be:

= Loss ÷ Initial Investment

= - $4,500 ÷ $10,800

= - 41.67%

7 0

2 years ago

if you receive a telephone call from someone asking that you explain your preferences for certain kinds of products, you are the

katen-ka-za [31]

If you receive a telephone call from someone asking that you explain your preferences for certain kinds of products, you are the subject of a survey.

In human research, a survey is a list of questions designed to extract specific data from a specific group of people. Surveys can be conducted by phone, email, internet, street corner or shopping mall.

A survey is a research method used to collect data from predefined groups of respondents in order to gain information and insight on various topics of interest. They have multiple purposes and researchers can implement them in different ways depending on the chosen methodology and research objectives.

Research can be divided into her two broad categories: questionnaires and interviews. A questionnaire is typically a paper-and-pencil tool filled out by respondents. Interviews are filled out by interviewers based on information provided by respondents.

Learn more about survey brainly.com/question/14610641

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7 0

11 months ago

Which of the following are sections of the Schedule of Cost of Goods Manufactured? (You may select more than one answer.

Natasha2012 [34]

Answer:

C, D , E , F.

Explanation:

These all are connected with money.

Sorry if I don't get this right I never had this question before.

3 0

2 years ago

Which type of investment involves lending money and charging interest on it?

Pavel [41]

C. Debit investment

6 0

2 years ago

If a certain household earns and spends $24,000 per year and, on the average, holds a money balance of $6,000, then the velocity

solong [7]

If a certain household earns and spends $24,000 per year and, on average, holds a money balance of $6,000, then the velocity of money for this household is 4.

A household consists of one or more people who live in the same dwelling and share meals. It can also consist of a single-family or another group. Households are the basic unit of analysis in many social, microeconomic, and government models and are important to economics and inheritance.

The definition of household relates to family or social units living together, or household behavior. You and your family members who live with you are an example of your household. Budgets and checkbooks are examples of household budget tools.

Learn more about household here:brainly.com/question/9417571
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4 0

1 year ago