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
adelina 88 [10]
3 years ago
14

Why does a company need to close its accounting books? Select one: a. Training in the system is finished. b. Storage space is li

mited. c. Companies need to zero out certain accounts to start anew for the next period. d. Certain financial statements take too much time.
Business
1 answer:
Illusion [34]3 years ago
5 0

Answer:

Correct option is (c)

Explanation:

Organizations empty all temporary accounts at the end of the year and transfer the balance to retained earnings. Permanent accounts on the contrary, are not closed at the end of the year. They are carried forward to the next year.

As such, companies need to close accounting books at the end of the year as these temporary accounts are closed. Some temporary accounts are revenue and expenses.

You might be interested in
Alton ordered an official NFL jersey for his son's birthday and is hoping it will arrive on time. Luckily, the company sent him
postnew [5]

The form of customer communication here is what is referred to as delivery status.

Given the FedEx tracking number that Alton has received, he would be able to get a customized and an in-depth tracking of the NFL jersey that he has ordered for his son.

The availability of a tracking number would also help to build his faith and confidence in the delivery service. This is because it is going to give him a timeline of his good that would help him to anticipate the delivery.

Read more on brainly.com/question/7146441?referrer=searchResults

5 0
2 years ago
Suppose this monopolist can price discriminate across its customers and sets 2 prices in the market. Let P M represent the stand
Orlov [11]

Answer:

hello your question is incomplete attached below is the missing part

answer: Pd = 1658 , Qd = 42

Explanation:

The monopolist will choose a discount price of ( Pd ) = 1658 and sell 42 units of the good in the discount market

since the standard price is at $1800 and the Qm ( standard monopoly quantity) is at 200 for the Monopoly to be profitable the amount of good to be sold to customers with reservation prices greater than or equal to standard price should be greater than the good offered at discount price and also the discount price after using a coupon should be lower than the standard price (Pm)

5 0
3 years ago
Kasravi Co. had net income for 2018 of $800,000. The average number of shares outstanding for the period was 300,000 shares. The
navik [9.2K]

Answer: $2.64

Explanation:

Based on the information given in the question, the outstanding diluted share will be calculated as:

= 300,000 + 15000(5/30)

= 300000 + 15000(0.16667)

= 300000 + 2500

= 302500

The amount that Kasravi Co. should report for diluted earnings per share for the year ended 2018 will be calculated as:

Diluted Earning per share = Net income /outstanding diluted share

= $800,000 / 302,500

= $2.64

ANSWER = (c) $2.64

7 0
3 years ago
An 85-year old risk averse investor is not happy about the minimal return she is earning on her current investments. She is stre
Ilia_Sergeevich [38]

Answer:

B. Reduce the Money Market Fund allocation by 30% (to 10%) and put the released funds in AAA-rated corporate bonds

Explanation:

First of all, since the investor is risk averse and cannot afford to lose money on any risky investment, she should change the mix of her investment portfolio but without increasing risks. Corporate bonds that are AAA-rated carry a very low risk and pay a little higher than money market funds. So a small decrease in money market fund assets and an increase in AAA-rated bonds should yield a slightly higher return.

Investing in equities would be too risky and US Treasuries pay even less interests than money market funds.

6 0
3 years ago
I think it is False but I don't think so
MrRa [10]

That is false. The worker can have what ever diet they think is best for them

3 0
3 years ago
Read 2 more answers
Other questions:
  • How did huge industrial trusts develop in industries such as steel oil and banking, what was the effect on the economy?
    14·1 answer
  • Your supplier offers a discount for purchase of 100 steaks at a time. You normally sell about 5 steaks a night and you don’t lik
    5·1 answer
  • Which is true among the following statements on visualization?
    13·1 answer
  • Which of the following retirement plans offer tax benefits?
    7·1 answer
  • Assume there are two people in a society. Person A is willing to pay $140 to have one unit of a public good produced and Person
    6·1 answer
  • On the basis of the details of the following fixed asset account, indicate the items to be reported on the statement of cash flo
    9·1 answer
  • On January 1, Year 2, Grande Company had a $66,800 balance in the Accounts Receivable account and a $2,000 balance in the Allowa
    11·1 answer
  • You just started a great part-time job that you want to keep for a while. Under the current contract, your annual salary is $31,
    15·1 answer
  • Cindy is a popular actress and has won countless acting awards in her 15 years in the industry. People always ask her what her s
    13·1 answer
  • A deficit in a nation’s current account means:
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!