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siniylev [52]
4 years ago
13

The chart of accounts is designed to

Business
1 answer:
SOVA2 [1]4 years ago
3 0

Answer: The correct answer is b).meet the information needs of a company's managers and other users of its financial statements

Explanation: Chart of accounts refers to list of accounts of an organization. It shows at a spot how an organisation receives money and spends money.

Chart of accounts contains Assets, Liabilities, Income, Expenses and Equity.

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1. Compute the current ratio and acid-test ratio for each of the following separate cases:
Rina8888 [55]

Answer:

Current Ratio: 2.49; 2.7; 1.75

Acid test ratio: 1.32; 0.64; 0.65

Explanation:

Current ratio

For Camaro:

= Current assets ÷ Current liabilities

= $ 5,915 ÷ $2,380

= 2.49

For GTO:

= Current assets ÷ Current liabilities

= $3,780 ÷ $1,400

= 2.7

For Torino:

= Current assets ÷ Current liabilities

= $6,900 ÷ $3,950

= 1.75

Acid test ratio:

For Camaro:

= (Current assets - Inventory - Prepaid expense) ÷ Current liabilities

= ($5,915 - $2,375 - $400) ÷ $2,380

= $3,140 ÷ $2,380

= 1.32

For GTO:

= (Current assets - Inventory - Prepaid expense) ÷ Current liabilities

= ($3,780 - $2,180 - $700) ÷ $1,400

= $900 ÷ $1,400

= 0.64

For Torino:

= (Current assets - Inventory - Prepaid expense) ÷ Current liabilities

= ($6,900 - 3,450 - $900) ÷ $3,950

= $2,550 ÷ $3,950

= 0.65

6 0
4 years ago
Internal grievance and dispute resolution procedures involve the care and treatment provided by the workers’ compensation progra
olga2289 [7]

Answer:

b. appeals

Explanation:

<em>H</em><em>O</em><em>P</em><em>E</em><em> </em><em>T</em><em>H</em><em>I</em><em>S</em><em> </em><em>H</em><em>E</em><em>L</em><em>P</em><em>S</em><em> </em><em>A</em><em>N</em><em>D</em><em> </em><em>H</em><em>A</em><em>V</em><em>E</em><em> </em><em>A</em><em> </em><em>N</em><em>I</em><em>C</em><em>E</em><em> </em><em>D</em><em>A</em><em>Y</em><em> </em><em><</em><em>3</em>

3 0
2 years ago
Henry hires ace roofing to put a new roof on his house. when ace comes, henry refuses to let them on the roof, saying that he ha
hammer [34]
ACE will end the contract. The home owner may be charged for default.
8 0
4 years ago
Brenda identified all of the pure loss exposures her family faces. Then she analyzed these loss exposures, developed a plan to t
olya-2409 [2.1K]

Option D

The process Brenda conducted is called personal risk management.

<h3><u>Explanation:</u></h3>

Personal Risk Management is the means of implementing risk management systems to the requirements of unique consumers. It is the manner of recognizing, including, and managing personal risk, accompanied by performing the execution plan and monitoring variations over time.

Pure risks are insurable because their prospects can be estimated accurately suitable for the risk to be quantified, which indicates it can be valued, purchased, and traded. Personal Risk Management is based on the idea that the kind of an insurance program should nevermore be limited than the nature of what it guards.

5 0
3 years ago
Janice hartley works as a writer at a fashion magazine in new york. she was recently asked by her editor to write an article on
Rashid [163]
I believe that the correct answer is affective component.
The affective component has to do with feelings, with emotional feedback. So when Janice is told her work is not interesting enough, obviously she feels sad, disappointed, embarrassed, and overall unhappy which is all a part of her affective component. 
7 0
4 years ago
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