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
Inga [223]
3 years ago
8

The primary purpose of the trial balance is to: 1.prove the equality of the debit and credit amounts after posting. 2.transfer j

ournal entries to the ledger accounts. 3.disclose the complete effect of a transaction in one place. 4.make sure a journal entry is not posted twice.
Business
1 answer:
coldgirl [10]3 years ago
8 0

Answer:

1.prove the equality of the debit and credit amounts after posting.

Explanation:

There are two columns in the trial balance, called debit columns and columns of credit. The total columns of debit and credit should always equaled. The debit columns report assets and expenditures side while profits, stockholder equity, and the liability side are reported in the credit column.

Its main purpose to equate and the prove the both side of the columns after posting of transactions

You might be interested in
Chelsea Fashions is expected to pay an annual dividend of $1.26 a share next year. The market price of the stock is $24.09 and t
tekilochka [14]

Answer:

7.83%

Explanation:

This is calculated by using the Gordon growth model (GGM) formula as follows: P = d / (r - g) ……………………………………… (1)

Where;

P =  market price of the stock = $24.09

d = next year annual dividend = $1.26 r = cost of equity = ?

g = dividend growth rate = 2.6%, or 0.026

Substituting the values into equation and solve for r, we have:

24.09 = 1.26 / (r - 0.026)

24.09 (r - 0.026) = 1.26

24.09r - 0.62634 = 1.26

24.09r = 1.26 + 0.62634

24.09r = 1.88634

r = 1.88634 / 24.09

r = 0.0783038605230386, or 7.83038605230386%

Rounding to 2 decimal places. we have:

r = 7.83%

Therefore, the correct option is 7.83 percent.

6 0
2 years ago
Polarix is a retailer of ATVs (all-terrain vehicles) and accessories. An income statement for its Consumer ATV Department for th
kompoz [17]
What are you suppose to here ?
4 0
3 years ago
If you are an employee at a local hotel where is the best place to find information regarding the policies and procedures of
tino4ka555 [31]
D. Because if your a employee and go in the lounge you can find stuff in the room
7 0
3 years ago
Read 2 more answers
Natural monopolies form when:
ratelena [41]

Answer:one firm receives patent protection for certain basic produced process.

Explanation: when a firm get patent , monopoly sets in as the firm will be the only one involved in the production of that goods and services throughout the duration of that patent.

3 0
2 years ago
Craigburg has a working age population of 20 million. Of those, 11 million are employed and 1 million are unemployed. The unempl
sveta [45]

Answer:

8.3% - 60%

Explanation:

Unemployment rate is the total of unemployed divided by the total workforce. As the question says, there is 1 million of unemployed and  the people able to work is 12 million (1 million unemployed plus 11 employed). So the unemployment rate is 1/12... which is 8.3%

The participation rate is the employed plus the people that have no job but are actively seeking for a job, divided by the population that is in working age. The people who has no job, is in working age and available to work and is actively looking for work is the unemployed (ILO definition of unemployment). So we have 1 million plus the 11 million of employed, we have a total of 12 million. So the participation rate is 12/20... which gives us 60%

7 0
3 years ago
Other questions:
  • Vivi Corporation had net income of $401,000 in 2015. The company's Common Stock account balance all year long was $267,000 ($10
    9·1 answer
  • One of the advantages of starting your own business is
    9·2 answers
  • Carmelita Inc., has the following information available: COST FROM BEGINNING INVENTORY direct materials $2,500 Conversion cost $
    14·1 answer
  • The continuous falling price level is called inflation.<br> True or false?
    11·1 answer
  • A corporation issues $100,000, 8%, 5-year bonds on January 1, 2007, for $104,200. Interest is paid annually on January 1. If the
    5·2 answers
  • You have decided that you would like to own some shares of GH Corp. but need an expected 12% rate of return to compensate for th
    11·1 answer
  • Synovec Corporation is expected to pay the following dividends over the next four years: $5.20, $16.20, $21.20, and $3.00. After
    8·1 answer
  • Some people contend that any ____ worldview will eventually fail because it wrongly assumes we now have or can gain enough knowl
    5·1 answer
  • State 3 scenarios on how studying human behavioral organization can have a great impact on you as an individual in establishing
    8·1 answer
  • What is the problem with exporting large amounts of central american agricultural products?.
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!