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kati45 [8]
3 years ago
7

In the chart of accounts, each account number has two digits. The first digit indicates the major account group to which the acc

ount belongs. Which of the following correctly identifies the major account groups typically represented by the numbers 1 through 5?
a) 1-Assets, 2-Liabilities, 3-Stockholders' Equity, 4-Expenses, 5-Revenues
b) 1-Assets, 2-Liabilities, 3-Stockholders' Equity, 4-Revenues, 5-Expenses
c) 1-Assets, 2-Stockholders' Equity, 3-Revenues, 4-Expenses, 5-Dividends
d) 1-Stockholders' Equity, 2-Dividends, 3-Revenues, 4-Expenses, 5-Common Stock
Mathematics
2 answers:
LiRa [457]3 years ago
8 0

Answer:

Option b

Step-by-step explanation:

In the chart of accounts, each account number has two digits. The first digit indicates the major account group to which the account belongs.

In the chart of accounts

1-Assets,

2-Liabilities

3-Stockholders' Equity

4-Revenues

5-Expenses

Form the given options, only option b represents the correct account numbers.

Therefore, the correct option is b.

Eduardwww [97]3 years ago
4 0

Answer:

The correct option is (b)

Step-by-step explanation:

Chart of accounts refers to listing or arranging various accounts for the ease of locating them. Listing is done based on the order of appearance beginning with balance sheet and then income statement.

The order starts with assets, followed by liabilities and stockholders' equity from the balance sheet and revenue and expenses from income statement.

So, the correct order is stated in option (b).

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Each year for 4 years, a farmer increased the number of trees in a certain orchard by of the number of trees in the orchard the
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Answer:

The number of trees at the begging of the 4-year period was 2560.

Step-by-step explanation:

Let’s say that x is number of trees at the begging of the first year, we know that for four years the number of trees were incised by 1/4 of the number of trees of the preceding year, so at the end of the first year the number of trees wasx+\frac{1}{4} x=\frac{5}{4} x, and for the next three years we have that

                             Start                                          End

Second year     \frac{5}{4}x --------------   \frac{5}{4}x+\frac{1}{4}(\frac{5}{4}x) =\frac{5}{4}x+ \frac{5}{16}x=\frac{25}{16}x=(\frac{5}{4} )^{2}x

Third year    (\frac{5}{4} )^{2}x-------------(\frac{5}{4})^{2}x+\frac{1}{4}((\frac{5}{4})^{2}x) =(\frac{5}{4})^{2}x+\frac{5^{2} }{4^{3} } x=(\frac{5}{4})^{3}x

Fourth year (\frac{5}{4})^{3}x--------------(\frac{5}{4})^{3}x+\frac{1}{4}((\frac{5}{4})^{3}x) =(\frac{5}{4})^{3}x+\frac{5^{3} }{4^{4} } x=(\frac{5}{4})^{4}x.

So  the formula to calculate the number of trees in the fourth year  is  

(\frac{5}{4} )^{4} x, we know that all of the trees thrived and there were 6250 at the end of 4 year period, then  

6250=(\frac{5}{4} )^{4}x⇒x=\frac{6250*4^{4} }{5^{4} }= \frac{10*5^{4}*4^{4} }{5^{4} }=2560.

Therefore the number of trees at the begging of the 4-year period was 2560.  

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