Answer:
The correct answer is letter "B": Preparing financial statements such as the balance sheet, income statement, and statement of cash flows.
Explanation:
A trial balance is a worksheet listing the debit and credit balances of all the ledger accounts for an entity. Under accounting theory, the total of all the debits must equal the total of all the credits. Since the trial balance is a list of all the accounts it serves as an accuracy check before the company prepares the financial statements including the <em>Balance sheet, Income </em>and <em>Cash Flows Statements</em>.
Answer:
Sh. 300,001.60
Explanation:
Note: <em>Missing word has been attached</em>
Particulars Amount
Annual payments 86,038
x PV Annuity due 8%, 10 periods 3.48685
Amount recorded for the leased asset 300,001.60
Answer:
Manufacturing-related production costs are initially recorded as expenses
Explanation:
Cost is defined as an amount that has to be paid or spent to buy or obtain something. Cost can be specific, like, "What is the cost of a particular product?" or it can be a penalty, like consider the cost of missing the event.
Expenses sounds similar to that of cost: an amount of money that must be spent especially regularly ro pay for something.
Manufacturing cost are considered to as those that are spent to transform materials into finished goods. Manufacturing costs include direct materials, direct labor, and factory overhead.
Manufacturing cost are also known as factory cost or production cost
Answer:
The correct answer is letter "A": has greatly improved living standards around the world.
Explanation:
Globalization refers to the tendency of increasing the use of technology in mankind's lifestyle to bring down barriers and shorten distances. Globalization has had a major influence in the change of businesses since, for instance, labor is not offered within the barriers of the region where a company operates only, buyers and sellers do not need to physically meet anymore to exchange goods or services, and countries every time take more advantage of international trade to request goods necessary to satisfy their inhabitants' needs.
<em>In such a scenario it is clear to conclude that the standards of human beings around the world have been boosted by globalization.</em>
Answer:
rate of return of fund = 3.66%
Explanation:
start = 327/23 = 14.22
end = 349/29 = 12.04
distributions = 1.5 + 1.2 = 2.7
rate of return of fund = 12.04-14.22 +2.7 / 14.22
= 3.66%
