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3 years ago

What is a general ledger

2 answers:

5 0

A general ledger contains all accounts the company had transacted. It is the main accounting record in which the figures are used to produce financial statements. It has debit, credit and account balances for all assets, liabilities and equity for a given period.

vekshin13 years ago

5 0

A company's main accounting records.

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TwitterMe, Inc., is a new company and currently has negative earnings. The company’s sales are $1,500,000 and there are 135,000

Masteriza [31]

Answer:

(a) $61.11

(b) $54.44

Explanation:

Value of Stock = Benchmark price-sales ratio × Stock's sales

= 5.5 × 1,500,000

= $8,250,000

Thus,

Price of stock = Value of Stock ÷ shares outstanding

= 8,250,000 ÷ 135,000

= $61.11

Thus, I would pay $61.11 for the stock.

Value of Stock = Benchmark price-sales ratio × Stock's sales

= 4.9 × 1,500,000

= $7,350,000

Thus,

Price of stock = Value of Stock ÷ shares outstanding

= $7,350,000 ÷ 135,000

= $54.44

Thus, I would pay $54.44 for the stock.

7 0

3 years ago

If you want to give a vendor an incentive to complete work early, which type of contract would you use?Select an answer:a. fixed

uranmaximum [27]

Answer:

The correct answer is letter "A": fixed price.

Explanation:

A fixed price incentive is a type of price that is set based on a reward that will be given only in the case the good or service traded results to be better than expected. It is normally applied when the good or service is delivered to the consumer before so the consumer has the product for extra time with no additional cost.

8 0

3 years ago

Read 2 more answers

Job cost sheets can be used to: (Check all that apply.) Multiple select question. provide a permanent record for the Cost of Goo

Luda [366]

Answer: • provide a permanent record for the cost of goods sold account

• monitor costs incurred to date and to predict and control costs for each job.

• provide a subsidiary ledger for the finished goods inventory account.

Explanation:

Job cost sheet refers to the document that is used for the recording of the manufacturing costs and it is used as a subsidiary ledger for the work in process account due to the fact that it contains every details about the job in process.

From the options given, the job cost sheets can be used to:

• provide a permanent record for the cost of goods sold account

• monitor costs incurred to date and to predict and control costs for each job.

• provide a subsidiary ledger for the finished goods inventory account.

6 0

3 years ago

At year end, Rebos Company's financial statements showed sales of $820 million, net income of $425 million, total assets of

Dafna11 [192]

Answer:

total sales $820 million

net income $425 million

total assets $750 million

total liabilities $735

1.2 million outstanding common stocks

an offer was made to buy their assets at $742.5 million

company's book value per share:

= (total assets - total liabilities) / total number of outstanding common stocks

= ($750,000,000 - $735,000,000) / 1,200,000 = $12.50 per stock

company's liquidation value per share:

= (total offer - total liabilities) / total number of outstanding common stocks

= ($742,500,000 - $735,000,000) / 1,200,000 = $6.25 per stock

4 0

3 years ago

The ultimate goal of the capital budgeting process is to ________. A. list the projects and investments that a company plans to

Tanzania [10]

Answer:

The correct option which represents the ultimate goal of capital budgeting is D) .

Explanation:

Capital budgeting is a kind of planning process which an organization undertakes to see if the investments or projects ( usually long term ) they are considering to invest in are worth funding . This process actually begins with the compiling a list of potential future projects. The ultimate goal of this process is to estimate what would be the effect on organizations cash flow , if a project is accepted or rejected.

8 0

3 years ago