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Nezavi [6.7K]
3 years ago
11

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

Business
1 answer:
uysha [10]3 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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A manufacturer produces 400 units when the market price is $10 per unit and produces 600 units when the market price is $12 per
vodka [1.7K]

Answer:

C. 2.2.

Explanation:

Mid point elasticity is calculated as follows:

<em>% change in qty supplied/ % change in price</em>

<em />

<em>% change in qty supplied</em>

= (600-400)/(600+400)/2

= 0.4

<em> % change in price </em>

= (12 -10)/(12+10)/2

= 0.181

Mid point elasticity

= 0.4/0.18

=2.2

             

5 0
3 years ago
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Which tab provides you options like inserting a table, inserting a shape, or adding Audio/Video?
REY [17]

Answer:

The insert tab

Explanation:

7 0
3 years ago
The balance of​ Morgan, Capital at the beginning of the year and the end of the year was $ 45,000 and $ 70,000​, respectively. T
Anna35 [415]

Answer:

$48,000

Explanation:

Given that,

Ending owner's equity = $70,000

Beginning owner's equity = $45,000

Owner's withdrawals = $23,000

There were no new capital contributions during the year.

Net income (loss):

= Ending owner's equity - Beginning owner's equity + Owner's withdrawals

= $ 70,000 - $ 45,000 + $ 23,000

= $48,000

Therefore, the net income for the year is $48,000.

6 0
3 years ago
Suppose you've just inherited $10,000 from a relative. You're trying to decide whether to put the $10,000 in a non-interest-bear
kompoz [17]

<u>Solution and Explanation:</u>

  • When interest rate is 8%, opportunity cost is 800 dollar per year for 10000.
  • When interest rate is 10%, opportunity cost is 1000dollar per year for 10000.

McQ ans is C I.e. Qunatity demand decreases as interest rate rises because Md=KPY-hi

It is to kept in mind that with the change in the quantity that is being demanded may fluctuate with the change in the interest rate. The relationship between the price and demand goes hand in hand.  

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3 years ago
A businessperson is setting up a new automatic car wash and is choosing between two fully automated machines. The first machine
Grace [21]

Answer:

i wil do it asap asap

Explanation:

asap asap

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3 years ago
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