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Paul [167]
3 years ago
10

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

Business
1 answer:
Inessa [10]3 years ago
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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A lump sum of $5,000 is invested at 10% per year for five years. The company's cost of capital is 8%. Which is true? The investm
irga5000 [103]

Answer:

The correct answer is B: The investment has a future value of $8,053

Explanation:

Giving the following information:

A lump sum of $5,000 is invested at 10% per year for five years. The company's cost of capital is 8%.

We need to calculate the final value of the investment. We will use the following formula:

FV= PV*(1+i)^n

FV= 5,000*1.10^5= $8,052.55

3 0
3 years ago
A customer tells you that they “must have” a particular item that you are out of in your store. You can tell that the customer i
bonufazy [111]
I would tell them were other store you can by it that can have there produce available
6 0
3 years ago
Hilary is a retired teacher who lives in Miami and does some consulting work for extra cash. At a wage of $50 per hour, she is w
Basile [38]

Answer:

Hilary is a retired teacher who lives in Miami and does some consulting work for extra cash. At a wage of $50 per hour, she is willing to work 10 hours per week. At $65 per hour, she is willing to work 19 hours per week.

Using the midpoint method, the elasticity of Hilary’s labor supply between the wages of $50 and $65 per hour is approximately 2.37 , which means that Hilary’s supply of labor over this wage range is elastic.

Explanation:

Midpoint elasticity = (Change in labor supplied / Average labor supplied) / (Change in wage rate / Average wage rate)

= [(19 - 10) / (19 + 10) / 2] / [$(65 - 50) / $(65 + 50) / 2]

= [9 / (29 / 2)] / [15 / (115 / 2)]

= (9 / 14.5) / (15 / 57.5)

= 0.62/0.26

Midpoint elasticity = 2.37

Once elasticity is greater than 1, supply of labor is Elastic.

5 0
3 years ago
The actions of associates in supporting diversity are more important than the actions of managers because associates establish t
Bogdan [553]

Answer:

False

Explanation:

The climate of the organization refers to the work environment that is perceived by the employees. A positive environment improves employee satisfaction and because of that managers try to maintain this. They can asses the climate in their work groups and make changes in management practices that can affect the working climate. Because of that, the statement that says that the actions of associates in supporting diversity are more important than the actions of managers because associates establish the working climate of the organization is false because the managers as the leaders can improve or not  the climate of the organization with their decisions.

7 0
3 years ago
Under which component of the business model would people and culture fall? Multiple Choice Key customer Value proposition Enviro
natulia [17]

Answer:

customer Value

Explanation:

  • The business models describe the rationale of organizations crate and deliver and capture values in terms of socio-economic and the cultural contexts and these involve the innovation.
  • This form a part of the business strategy and  is used for a broad range of the formal and the informal decisions including the business process and the target customers.
7 0
3 years ago
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