Trial balance is a statement of all debits and credits in a double-entry account book is does not include income statement accounts.
What is trial balance?
An accounting worksheet where the balance of all general ledger accounts for debit and credit is equal is referred to as a "trial balance" in a financial report.
Because they are entries of the statements of operation expenses and revenue, trial balances are included in account closure entries and account adjusting entries but not in balance sheet accounts or income statement accounts.
As a result, option a is correct does not included income statement account.
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The weighted average unit cost is $10.61.
The cost of goods sold on October 29 is $2,122.39.
The inventory on October 21 is $3138.
<h3>What is the average weighted cost?
</h3>
The weighted cost of goods sold = [(310 x 9) + ($12 x 360)] / (360 + 310)
(2790 +4320) / 670
7,110 / 670 = $10.61
Cost of the goods sold on October 29 = average unit cost x number of goods sold
$10.61 x 200 = $2,122.39
Inventory on October 21 = ending inventory x average cost
ending inventory = total inventory - total inventory sold
- total inventory = 310 + 360 = 670 units
- total inventory sold = 170 + 200 = 370 units
- ending inventory = 670 - 370 = 300 units
Inventory on October 21 = 300 units x 10.61 = $3,183
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Monetary managers can hire CAPM to attain an estimate of the value of fairness capital. Arriving at a cost of equity for evaluating cash flows inside the destiny.
The capital asset pricing model CAPM is an idealized portrayal of ways financial markets rate securities and thereby determine anticipated returns on capital investments. The model offers a technique for quantifying danger and translating that threat into estimates of predicted return on fairness.
If the CAPM is used to estimate the value of fairness capital, the predicted excess marketplace return is identical to the: return on the inventory minus the threat free charge.
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Answer:
The lender charged $2,550 for the points.
Explanation:
Discount points is a type of prepaid fees that mortgage borrowers can purchase from the lenders that lowers the quantity of interest that the borrower will have to pay in the future. In general, the discount points costs 1% of the amount borrowed. A discount point usually lowers the loan interest amount to be paid by an one-eight to one-quarter of a percent.
To determine the charge for the points in our case above, we can express the discount charge points as shown;
D=R×L
where;
D=discount point charge
R=standard discount point rate
L=loan amount
In our case;
D=unknown
R=1%
L=$85,000
replacing;
D=(1/100)×85,000=$850
The lender charged $850 for one points.
Determine the total charge for all the points purchased using the expression below;
T=D×N
where;
T=total charge for all the points
D=charge per point
N=number of points purchased
In our case;
T=unknown
D=$850
N=3 points
replacing;
T=850×3=$2,550
The lender charged $2,550 for the points.