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
The main use of this type of research, which includes collecting data over several years, and in recent years, market analysts why drivers purchase hybrids, what makes them satisfied, what their expectations are for gas mileage, and preferences for alternative fuels, would be related to product research.
This part of developing new products lets you understand what customers really want and allows you to tailor your product offering to meet demand.
Answer:
total cost for Bret in a year with 8 opening is $62400
Explanation:
given data
average cost = $300
total cost = $60000 per year
to find out
total cost for Bret in a year with 8 opening
solution
we know here no of opening is 8
so variable cost will be
variable cost = 8 × 300
variable cost = $2400
so
total cost for Bret in a year will be
total cost = variable cost + fixed cost
total cost = 2400 + 60000
total cost = $62400
so total cost for Bret in a year with 8 opening is $62400
Answer:
Planning = Statement (a)
Directing = Statement (b)
Controlling = Statement (c)
Explanation:
Planning is the first step of action initiated by the management. It helps the organization to define the goals and the plan to achieve such goal.
Directing is all about creating the understanding of the plan among the employees of the company, about the objectives, and the need to attain the objective, the manner to achieve the objective.
Controlling is the precautionary step in the action, as it clearly monitors the employees while working on the objectives, that when they are not deviated from the project, or its objectives.
Answer:
- Bill's insurance company will pay $40,000
- The amount Bill will be required to pay directly is $12,891
Explanation:
A Split limit works thus;
The first figure which is 100 is the maximum amount that will be paid per one injured person.
The second figure is 200 and it is the maximum amount that will be paid out for all injured persons.
The third which is 40 is the maximum amount the insurance will pay out for property damage.
Bear in mind that all these figures are in thousands.
The damages to all the property involved is = 33,428 + 7,422 + 12,041
= $52,891
The Insurance company will therefore payout the maximum amount of $40,000.
The rest will be paid by Bill which is = 52,891 - 40,000
= $12,891