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Rus_ich [418]
3 years ago
15

The process of transferring the debits and credits from the journal entries to the accounts is called a.journalizing b.sliding c

.transposing d.posting
Business
1 answer:
Rudiy273 years ago
4 0

Answer:

d. posting

Explanation:

There are various steps to prepare the financial statements. These are as follows:

1. Journalizing: It is a recording of business transaction with a narration in which the one account is debited and the other account is credited. It can be more transactions debited and credit that is depending upon the nature of the transaction.

2. Ledger posting: After recording the journal entries, the next step is to make the number of ledger i.e posting of the amount and the accounts to their respective ledger i.e sales ledger, purchase ledger, etc

3. Trial balance

4. Income statement

5. Statement of owners equity

6. Balance sheet

7. Cash flow statement

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Donna entered bob's department store and went directly to the children's apparel department. therefore, the merchandise to be bo
Aloiza [94]

Donna entered bob's department store and went directly to the children's apparel department. therefore, the merchandise to be bought by donna in the children's department is referred to as  <u>Destination Merchandise.</u>

<u></u>

The noun merchandise refers to anything that can be bought or sold, such as the merchandise sold at your local record store or the merchandise sold by a street vendor in a big city. As you enter the store, you are surrounded by merchandise, including food, clothing, and books.

Merchandise is a term that describes any product that can be sold or purchased. All items sold are commodities. For example, groceries in a supermarket, clothing in a retail store, electronics on a website, or raw materials in a manufacturing warehouse.

Learn more about Merchandise here: brainly.com/question/11538623

#SPJ4

8 0
2 years ago
A mass transit authority charges bus fares of $1.25 during morning rush hours but only $1.00 during late morning non-rush hours.
amm1812

Answer:

The correct answer is more inelastic; more elastic.

Explanation:

Inelastic demand is that demand that is not very sensitive to a change in price. In this way, before a variation in the price the quantity demanded reacts in a less than proportional way. For example, if the price increases by 10% and in response the quantity demanded is reduced by less than 10%, then the demand is said to be inelastic.

The elasticity of demand, also known as the elasticity-price of demand, is defined as the percentage change of the quantity demanded before a percentage change in the price.

An elastic demand is that demand that is sensitive to a change in price. In this way, a small variation in the price causes a more than proportional change in the quantity demanded. Thus, for example, if the price increases by 10% and in response the quantity demanded is reduced by more than 10%, then the demand is said to be elastic.

7 0
3 years ago
Brinkman Corporation bought equipment on January 1, 2007 .The equipment cost $90,000 and had an expected salvage value of $15,00
bekas [8.4K]

Answer:

The depreciable cost of the equipment is b. $75,000

Explanation:

Depreciable cost is the amount of an asset's cost that will be depreciated. Depreciable cost is calculated by total cost (purchase cost, installation cost, ...) of an asset minus its estimated salvage value.

Depreciable cost = Cost - salvage value = $90,000 - $15,000 = $75,000

From Depreciable cost, the company uses a depreciation method to charge depreciable cost to expense over the useful life of the equipment.

5 0
3 years ago
Stacey and Andrew each own one-half of the stock in Parakeet Corporation, a calendar year taxpayer. Cash distributions from Para
Fittoniya [83]

Answer:

Option 3

Explanation:

Earnings & profits (E&P) is the measure of a corporation’s economic ability to pay dividends to its shareholders. An up-to-date E&P calculation is important for many corporate transactions, including determining whether a distribution to shareholders is a taxable dividend.

The E&P allocated to Andrew's distribution

= 160,000 * 150,000/(350,000+150,000)

= 160,000 * 150,000/500,000

= 48,000

Option C

8 0
3 years ago
Percentage of market share and rate of​ on-time deliveries are indicators of the​ ________ perspective. A. customer B. learning
ExtremeBDS [4]

Answer:

The answer is option (A) customer

Explanation:

Solution

Percentage of market share and rate of​ on-time deliveries are indicators of the​ customer perspective or view

Customer: A customer is a person or business that  buys another company's goods or services. most public-facing businesses participate with other companies to attract customers, either by forcefully advertising their products or by reducing prices to broaden their customer bases.

6 0
4 years ago
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