Ask question

Ask question

All categories

3 years ago

11

Closing entries are Question 13 options: a. an optional step in the accounting cycle. b. posted to the ledger accounts from the

worksheet. c. made to close permanent or real accounts. d. journalized in the general jou

1 answer:

GREYUIT [131]3 years ago

7 0

D) as closing entries are apart og the accounting cycle, and only temporary accounts like expenses are closed.

You might be interested in

If a company reorganizes its operation to gain efficiency, the cost associated with this reorganization is classified as

ivanzaharov [21]

Answer: Restructuring cost

Explanation:

Restructuring cost could be described as making expenses on rejuvenating or reviving or rebranding the company through spendings, which affects most of it's mode of operations, brings a change and innovation and ways to improve existing methods. This is capital intensive due to the work and changes required during the process.

8 0

3 years ago

XYZ Company makes one product and has calculated the following amounts for direct labor: AH x AR = $84,000; AH x SR = $83,000; S

Molodets [167]

Based on the various cost rates and hours for XYZ Company, the labor efficiency variance is $2,000 unfavorable

<h3>What is the labor efficiency variance?</h3>

This can be found as:

= (Actual hours x Standard rate) - (Standard hours x Standard rate)

Solving gives:

= 83,000 - 85,000

= $2,000 unfavorable

Find out more on the labor efficiency variance at brainly.com/question/27404735

#SPJ1

5 0

1 year ago

A new operating system for an existing machine is expected to cost $565,000 and have a useful life of six years. The system yiel

Inessa [10]

Answer:

The net present value of each potential investment:

Machine A Machine B

NPV $167,675 $2,267

Explanation:

a) Data and Calculations:

Machine A Machine B

Cost of machine $565,000 $410,000

Incremental after-tax income 165,000 75,000

Salvage value 25,000 26,000

Estimated useful life 6 years 8 years

Required rate of return 10% 10%

Annuity factor 4.355 5.335

PV factor 0.564 0.467

PV of incremental after-tax income $718,575 $400,125

($165,000*4.355) ($75,000*5.335)

PV of salvage value $14,100 $12,142

Total PV of income $732,675 $412,267

NPV $167,675 $2,267

= Total PV of income minus PV of initial investment cost

7 0

2 years ago

If 95% and 98% confidence intervals were developed to estimate the true cost of an mp3 player with a known population standard d

olga nikolaevna [1]

Below are the choices that I manage to check from other source:

A.Standard errors
B.Interval widths
C.Z-statistic
D.<span>Both b and c

The answer is D which is </span>Both b and c.
Thank you for posting your question here at brainly. I hope the answer will help you.

8 0

3 years ago

If managers are making decisions to maximize shareholder wealth, then they are primarily concerned with making decisions that sh

bogdanovich [222]

Answer:

It is to increase the market value of the firm's common stock (B)

Explanation:

Profits : it is subjective in nature and can be manipulated. Hence, it is not good measure of shareholders wealth maximization.

Increase the market value of the firm's common stock : This is difficult to manipulate because it results from long-term view of business performance through investment in a viable projects . When the company produces good result that give investors good return for their capital, this will have a positive market impact on the share price of the company.

5 0

3 years ago