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qaws [65]
3 years ago
14

Closing entries and a post-closing trial balance are steps in the accounting cycle that occurA :  quarterly. B :  monthly. C : 

daily. D :  annually.
Business
1 answer:
zhannawk [14.2K]3 years ago
6 0

Answer:

The correct answer is letter "D": annually.

Explanation:

The trial balance is a worksheet where all the balances of all the accounts are listed where the sum of all debits must equal the sum of all credits. The trial balance is an accuracy check reflecting the transactions in the general ledger were recorded correctly.

The post-closing trial balance lists the permanent account balances that the company has to transfer for the next accounting period. Both the trial balance and the post-closing trial balance are reported once a year before preparing the company's financial statements.

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Which of the following BEST represents a mission​ statement? A. Our goal is to honor and empower wounded warriors. B. We strive
BabaBlast [244]

Answer:

B. We strive to be the worldwide leader in sharing delicious tastes and creating joyful memories

Explanation:

There are two concepts i.e mission and vision. The mission statement is the statement in which it talks about the company goals and objective that represent the present condition of which market should be targeted, its geographical location, etc

While on the other hand the vision statement refers to position of the company in the future. It is always for the long term as it is always thinking for the future where the company what to be.

Based on the above explanation, the option B is correct as it depicts the mission statement.

4 0
3 years ago
A JIT system uses kanban cards to authorize movement of incoming parts. In one portion of the system, a work center uses an aver
ycow [4]

Answer: 4 containers

Explanation:

The formula used to get the number of containers that are needed will be:

N = DT(1+X)/C

where,

N = total containers

D = planned usage rate used by the work center = 111 parts per hour

T = average waiting time = 100 minutes = 100/60 hours = 1.67 hours

X = inefficiency factor = 0.21

C = capacity of standard container = 5 dozens = 5 × 12 = 60 parts

N = DT(1+X)/C

N = (111 × 1.67)(1 + 0.21)/60

N = (185.37 × 1.21)/60

N = 224.2977/60

N = 3.738

N = 4 approximately

4 containers will be needed

4 0
4 years ago
The allocatively efficient quantity of product Z for the whole market is 2 million units. At that quantity, the demand for Z is
makkiz [27]

Question Completion:

ANSWER CHOICES

A.  operating with decreasing returns to scale

B.  a natural monopoly

C.  a legal monopoly

D.  monopolistically competitive

E.  productively efficient

Answer:

Based on this data, the market for product Z is:

A. operating with decreasing returns to scale.

Explanation:

For the Average Revenue (Price) to equal the Average Total Cost (ATC) and enable the firms operating in the market to break-even, the firms must increase their production units from 2 million to 3.5 million units.  The conclusion that the market for product Z is operating with decreasing returns to scale for a single supplier is because it will take a 75% increase in production for the average total cost to fall from $7 to $5 for the single producer.  In other words, the percentage increase in production does not result in a proportionate decrease in average total cost.

3 0
3 years ago
Jake accepted a management trainee position at opelika resorts, a real estate development company. corporate management believes
Lera25 [3.4K]

This company uses job rotation. It is the organized movement of staffs and personnel from one job to a different job inside the organization to attain numerous human resources purposes. For instance positioning new employees, improving career development teaching employees, and stopping job dullness or exhaustion.

3 0
3 years ago
In order to be impartial and lawful, a pre- inspection agreement must be
lakkis [162]
A. paid for by the lender. 
<span>B. signed by the real estate agent. </span>
<span>C. used within 30 days </span>
<span>D. negotiable and capable of being altered. </span>

<span>The Standards of Practice published by the American Society of Home Inspectors (ASHI) are quite inclusive and </span>
<span>A. describe the procedures used in a termite inspection. </span>
<span>B. explain that inspectors may never examine heating systems. </span>
<span>C. can be referred to in court, if necessary. </span>
<span>D. list the fees inspectors must charge for their services </span>
<span>(I know for this question it is NOT D.) </span>

<span>Another term for a pre-inspection agreement is </span>
<span>A. standard of practice </span>
<span>B. pre-sale inspection. </span>
<span>C. scope of work. </span>
<span>D. partial inspection. 
hope that helped</span>
8 0
3 years ago
Read 2 more answers
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