Sexual Violence Awareness (Campus SaVE Act):

The accounting cycle starts with a.closing out the periodic accounts. b.recording the transaction based on the information in a

saul85 [17]

Answer:

letter b, recording the transaction based on the information in a source document

Explanation:

The "Accounting Cycle" follows a series of steps in order to assist the accounting transactions of a company or business. It starts with the "Transaction step" (the first step) where the source documents have to be examined in order to analyzed transactions. This also includes the recording of the transaction in the journal.

This step is followed by Posting the Entries into the Ledger Accounts, Preparing the Unadjusted Trial Balance, Adjusting the Journal Entries, Preparing the Adjusted Trial Balance, Recording Reversing Entries, Preparing Post-Closing Trial Balance, Record Closing of Entries and Preparing Financial Statements.

6 0

3 years ago

A budget that is based on the actual activity of a period is known as a:__________.

mash [69]

Answer:

A

Explanation:

8 0

3 years ago

Two investments were made totaling $15000. for a certain year these investments yielded $1432 in simple interest. part of the $1

Andrews [41]

Let amount invested at 9% be "x"; Interest on this is 0.09x dollars Amt. invested at 10% is "15000-x" ; Interest on this is 0.1(15000-x)=1500-0.1x dollars EQUATION: interext + interest=1432 dollars 0.09x + 1500-0.10x = 1432 -0.01x = -68 x=$6800 (amt invested at 9%) 15000-6800=$8200 (amt invested at 10%)

3 0

3 years ago

In the corn market, demand often exceeds supply and supply sometimes exceeds demand. The price of corn rises and falls in respon

Genrish500 [490]

Answer:

d) in both statements

Explanation:

Demand is individual buyer's ability & willingness to buy a good, at given price, period of time. Supply is individual seller's ability & willingness to sell a good, at a given price, period of time.

Market Demand is all market buyers' ability & willingness to buy a good, at given price, period of time. It is horizontal, i.e quantity summation of individual demand curves, at respective prices.

Market Supply is all market sellers' ability & willingness to sell a good, at a given price, period of time. It is horizontal, i.e quantity summation of individual supply curves, at respective prices.

Market Equilibrium prices are quantities are determined based on, Market Demand & Market Supply equalisation (not individual demand, supply). So, 'in the corn market' , 'price of corn' are determined by market demand & market supply. Hence, using 'demand' & 'supply' in both statements is inapt.

6 0

3 years ago

The Murdock Corporation reported the following balance sheet data for 2018 and 2017: 2018 2017 Cash $ 90,695 $ 30,155 Available-

Klio2033 [76]

Answer:

Prepare the Cash flow from Operating Activities Section as follows :

Net income 62,000

Adjustments for Non - Cash Items :

Depreciation - Land, buildings, and equipment 38,000

Adjustment for Working Capital Items :

Increase in Accounts Receivable (12,950)

Increase in Inventory (21,200)

Decrease in Prepaid Insurance 620

Decrease in Accounts payable (73,530)

Decrease in Salaries payable (5,700)

Decrease in Notes payable (51,200)

Net Cash from Operating Activities (63,960)

Explanation:

Note that the question has requested use of indirect method for preparation of cash flows from operating activities.

6 0

3 years ago