A $150 debit to office equipment was entered into the account as a $150 credit. This error caused the trial balance to be out of balance by <u>300</u>.
A trial balance is a list of all the general ledger bills contained in the ledger of a business. This listing will incorporate the call of every nominal ledger account and the fee of that nominal ledger stability. Every nominal ledger account will preserve either debit stability or credit stability.
A trial balance includes a listing of all popular ledger account totals. each account needs to include an account quantity, a description of the account, and its very last debit/credit score balance. Further, it ought to nation the final date of the accounting length for which the record is created.
The cause of a trial balance is to make sure that every entry made into an employer's well-known ledger is properly balanced. A trial balance lists the finishing stability in each popular ledger account. The total dollar amount of the debits and credits in each accounting access are purported to match.
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<u>Solution:</u>
<u>In the books of the Bloosom Corporation :
</u>
Transaction Account Titles and explanation Debit Credit
Amount in $ Amount in $
1 Cash ( 2,000 x 1,000 x 101 %) 2,020,000
Discount on Bonds Payable 46,461
Bonds Payable 2,000,000
Paid-in Capital : Stock Warrants 66,461
The bond issue proceeds proportionately allocated to the bonds:
= $ 1,953,539.
Discount on the bonds payable = $ 2,000,000 - $ 1,953,539 = $ 46,461
The set of rules that describes buy and sell signals without any vagueness or any subjective elements is referred to as trading systems.
The generation of these trading signals are mostly done by by technical indicators or combinations of technical indicators.
<h3>Trading System Concepts</h3>
- Most Favored Nation (MFN) Principle is a trading system concept that requires Members to offer the most favourable tariff and regulatory treatment given to the product of any one Member at the time of import or export of similar products to all other Members. The World trade Organization WTO has this as one of its founding principle.
- General Agreement on Tariffs and Trade is a legal agreement minimizing barriers to international trade by eliminating or reducing quotas, tariffs, and subsidies while preserving significant regulations.
- Principles of National Treatment (NT). This describes the situation where countries are mandated to treat imported goods, services and intellectual property (trademarks, copyrights and patents) the same way they treat their own.
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Answer:
$252,900
Explanation:
Stockholders' equity refers to the net assets of a business. In other words, the value of the assets after deducting all liabilities. It is calculated by subtracting total liabilities from total assets.
For Casello,
Total assets = current assets plus fixed assets .
i.e., 437,200+$552,800= $990,000
Total liabilities = current liabilities plus long-term debt
i.e., $318,500 + $418,600= $737,100
Stockholder equity = $990,000 - $737,100
=$252,900
In some cases promotions tailored to specific countries or regions may be more successful than a general campaign because each country or region has its own culture.
<h3>Factors that affects promotion of goods</h3>
The act of promoting a particular product for sale can be location specific this is because individual and culture varies which also affect the choice of product and how it can be advertised for people to desire the product.
Therefore,
In some cases promotions tailored to specific countries or regions may be more successful than a general campaign because each country or region has its own culture.
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In some cases promotions tailored to specific countries or regions may be more successful than a general campaign because:
A) more than one marketing expert is needed to create successful promotions
B) it costs less to set up several smaller campaigns than one that can be used for all markets
C)there is no need to test the message before starting the campaign
D)each country or region has its own culture