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4 years ago

Which of the statements below is not true?

Business

1 answer:

Mice21 [21]4 years ago

3 0

Answer:

Option (A) is correct, adjusted trial balance is prepared before journalizing all transactions is not true.

Explanation:

Adjusting trial balance lists closing balance of all accounts after preparing adjusting entries. It is summary of all accounts to ensure that debit and credit sides of accounts match.

Adjusted trial balance help in preparing financial statements as all adjustments are taken into account. Ledger balances are posted in adjusted trial balance. So, all statements are correct except (A).

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are the preserved remains of organisms, and they provide evidence to support Darwin’s theory of evolution. will give brainlyist

Veseljchak [2.6K]

Preserved remains of organisms are known as fossils.

Fossils are generally <u>remains of ancient dead living organisms, including plants and animals</u>. Fossils can be in the form of bones, shells, or even an animal’s imprint.

These things help Charles Darwin in proving his theory of evolution, which states that heritable characteristics in living organisms change over several generations.

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3 years ago

Read 2 more answers

One of the problems with finding new fossil fuel deposits in developing countries is that ________.

LUCKY_DIMON [66]

C.

Multinationals are often known for their extraction of natural resources, and when they swoop in to harvest this new deposit of resources, what ends up happening is they indeed earn a profit, but due to repatriation of profits, the money may be sent back to the country of origin and the multinational may pressure the government to not tax the multinational.

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3 years ago

Russell Inc. had sales of $2,200,000 for the first quarter of 2017. In making the sales, the company incurred the following cost

tresset_1 [31]

Answer:

Sales 2,200,000

Less Variable Costs:

Cost of goods sold (920,000)

Selling expenses (70,000)

Administrative expenses (86,000)

Contribution 1,124,000

Less Fixed Costs

Cost of goods sold (440,000)

Selling expenses (45,000)

Administrative expenses (98,000)

Net Income 541,000

Explanation:

A CVP income statement is also known as a Variable Costing Income Statement and is written up as follows :

Sales 2,200,000

Less Variable Costs:

Cost of goods sold (920,000)

Selling expenses (70,000)

Administrative expenses (86,000)

Contribution 1,124,000

Less Fixed Costs

Cost of goods sold (440,000)

Selling expenses (45,000)

Administrative expenses (98,000)

Net Income 541,000

8 0

3 years ago

The lengths of service of all the executives employed by Standard Chemicals are:

Lilit [14]

Solution :

a). There are total 5 executives. Therefore the possible sample size of 2 is

$^nC_r=\frac{n!}{r!(n-r)!}$

$^5C_2=\frac{5!}{2!(5-2)!}$

$=\frac{5!}{2! \ 3!}$

= 10

So, there are 10 possible ways for selection of sample size of 2.

b).

Sample Samples of service length Sample mean

Snow, Tolson 20, 22 (20+22)/2 = 21

Snow, Kraft 20, 26 23

Snow, Irwin 20, 24 22

Snow, Jones 20, 28 24

Tolson, Kraft 22, 26 24

Tolson, Irwin 22, 24 23

Tolson, Jones 22, 28 25

Kraft, Irwin 26, 24 25

Kraft, Jones 26, 28 27

Irwin,Jones 24, 28 26

c). The mean and the standard deviation of the means of the sampling distribution is given by :

$\bar{X}= \sum_{i-1}^{10}\frac{\bar{x}_i}{n}$

$=\frac{21+23+22+24+24+23+25+25+27+26}{10}$

$=\frac{240}{10}$

= 24

The variance of the sample means :

$S^2=\frac{1}{n}\sum_{i-1}^{10}\left(\bar x_i - \bar X \right)^2$

$=\frac{1}{10}\sum_{i-1}^{10}\left(\bar x_i - 24 \right)^2$

$=\frac{1}{10}\times(30)$

= 3

Therefore the standard deviation of the sample means is

$S=\sqrt{variance}$

$=\sqrt3$

= 1.732

d). The population means is given by:

$\mu =\frac{20+22+26+24+28}{5}$

$=\frac{120}{5}$

= 24

Therefore, we can say that the mean of the sample means is a point estimate of the population mean.

6 0

3 years ago

Which of the following is true of variances? a.Unfavorable variances occur whenever actual prices or actual usage of inputs are

Marysya12 [62]

Answer:

B) Favourable Variances occur whenever actual prices or actual usage of inputs are greater than standard prices or standard usage.

Explanation:

Variances refer to the difference between actual and standard or budgeted costs. Standard cost is also referred to as budgeted cost. Budgeted costinh can be used by a food nutritionist to determine the food quantity he can cook as well as the ingredient amount which consists of the budgeted costs and the actual cost of preparing the food. Budgeted costchas a major advantage which is its ability to determine the pricing policy even before the product or service is delivered. When favourable or unfavourable variances are mentioned, it refers to the greater of budgeted or actual price or quantity. Favourable goes with a greater actual price or quantity while unfavorable or adverse goes with a greater standard price or quantity.

5 0

3 years ago

Read 2 more answers