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3 years ago

Establishing general ledger accounts opening balances will always be zero true or false

1 answer:

6 0

True, When establishing general ledger accounts opening balances will always be zero. A ledger is a full record of all transactions over the lifetime of a company. When the company is first starting out, there is a zero balance because transactions have not been put on the ledger yet. The longer the company is in business, the more transactions there will be on the ledger.

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What must you know in order to serve alcohol responsibly and legally in all situations?

jonny [76]

a. know your product, know your customers, and know how to say "no"

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1 year ago

An administrator receives an email message from what appears to be the company bank. the email asks for account information. the

dangina [55]

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3 years ago

Caspion Corporation makes and sells a product called a Miniwarp. One Miniwarp requires 2.5 kilograms of the raw material Jurislo

Vladimir79 [104]

Answer:

Cost of purchase= $1,014,300

Explanation:

Giving the following formula:

Production:

August= 22,600

September= 21,300

Ending inventory= 20% of the following month's production needs.

Beginning inventory= 10,800 kg

The cost of Jurislon is $18.00 per kilogram.

One Miniwarp requires 2.5 kilograms of the raw material Jurislon.

<u>First, we need to calculate the purchases in kg required using the following formula:</u>

Purchases= production + desired ending inventory - beginning inventory

Purchases= (2.5*22,600) + (2.5*21,300)*0.2 - 10,800

Purchases= 56,350kg

<u>Now, the total cost of purchase:</u>

Cost of purchase= 56,350*18= $1,014,300

7 0

3 years ago

Donna believes that 360-degree performance review is ideal for her company because she recently read about a major survey of For

Len [333]

Answer:

E) Method of science.

Explanation:

The study of the scientific method represent the activities where the success could be accomplished. They are observations that are systematic and experimental

Since in the question it is given that donna belives in the 360 degree performance review as this would represent the effectiveness

So the option e is correct

And, the rest of the options seems wrong

5 0

3 years ago

Read 2 more answers

Green Lawn Company is considering a special order for 1,000 new sprinkler systems from a new customer, a foreign distributor. Th

Andreas93 [3]

Answer:

$200,000

Explanation:

The computation of Net Income is shown below:-

The green lawn firm is over-capable of approving the order. The extra fixed costs do not have to be incurred. This way, fixed costs are avoided and only variable costs need to be incurred.

For computing the net income first we need to find out the profit per unit which is here below:-

Profit per unit = Sell price per unit - Variable Cost per unit

= $1,200 - $1,000

= $200

Total Profit = Profit per unit × 1,000 unit order

= $200 × 1,000 unit order

= $200,000

So, net income increased by $200,000

Therefore for computing the total profit we simply applied the above formula.

7 0

3 years ago