Answer:
Correct option is (a)
Explanation:
Adjusting journal entries are passed before financial statements are prepared to so as to confirm if revenue recognition and matching principles are complied with. Adjusting entries are required to be passed if transactions is spread over multiple financial periods. For example, adjusting entry is passed if goods are received this year but payment will be made next year.
Before income statement and balance sheet is prepared, these entries are passed. Thereafter, adjusting trial balance is prepared and finally financial statements are prepared.
Answer:
a. product platform
Explanation:
Product platform -
It refers the process of designing , where all the parts of the goods or services have some common element in common , is referred to as product platform .
The method is used to -
- increases the process of developing new products ,
- reduce the cost of development ,
- a single element acts as a identification for the product .
Hence , from the given scenario of the question ,
The correct option is a. product platform .
It is indicating that an account balance decreased as a result of a reason other than a cash withdrawal or cashed check
Answer and Explanation:
The computation of the current ratio and the acid ratio is shown below:
The current ratio is
= Current assets ÷ current liabilities
= ($96 + $88 + $176 + $12) ÷ ($86 + $29)
= $372 ÷ $115
= 3.23 times
And, the quick ratio is
= Quick assets ÷ current liabilities
= ($372 - $176) ÷ ($86 + $29)
= $196 ÷ $115
= 1.70 times
Hence, the current ratio and the acid-test ratio is 3.23 times and 1.70 times respectively
Answer:
with the student loans you will be over 800
Explanation:
so if you subtract all of that from 3000 you will be in negatives by -800 each month
