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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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In their battle for chocolate lovers, Godiva and Hershey's must divide the population into different categories of consumers, fo
Veseljchak [2.6K]

Answer:

a. True

Explanation:

Godiva is a well known chocolate shop and Hershey is renowned all over the world. To take over the market control both have divided consumers into different categories, e.g. luxury of buying chocolates versus cost-conscious who are willing to pay a subsequent amount only and those who are looking for quick energy boost so good labeling than those looking for a gift to loved ones so better outlook, although both have industries in the same market.

4 0
3 years ago
If a firm in a monopolistically competitive market lowers price, then Use letters in alphabetical order to select options
Valentin [98]

Answer: quantity demanded for the good will increase (D)

Explanation:

Monopolistic competition is an imperfect competition where there are many producers that sell products that are differentiated from each another e.g through quality or branding.

In a monopolistic competitive market, firms maximizes profits when marginal revenue equals to the marginal cost. The demand curve of a monopolistic competitive market is downward sloping which means that as price reduces, the quantity demanded for the good will increase.

3 0
3 years ago
Read 2 more answers
The measurement that equals cash receipts minus cash payments over a given period of time, is referred to as:
zavuch27 [327]
The above is referred to Net cash flow. Net cash flow to the difference between an organization's trade inflows and surges out a given period. In the strictest sense, net income alludes to the adjustment in an organization's money adjust as point by point on its income explanation. Cash flow is the cash that comes in and leaves an organization. It is the era of salary and the installment of costs. Money inflows result from either the era of income through the offering of products and enterprises, cash acquired, or cash earned through ventures.
3 0
3 years ago
Which of the following marketing variables is concerned with design, quality, and packaging? O A. Promotion O B. Place O C. Pric
Gala2k [10]

Answer:

promotiopeicen

Explanation:

product

8 0
3 years ago
You have the following information for Wildhorse Co. for the month ended October 31, 2017. Wildhorse Co. uses a periodic method
Dmitry [639]

Answer:

The weighted-average cost by unit is $28,338.

Explanation:

AVCO Perpetual chart is attached.

AVCO Perpetual chart shows purchases , sales and balance of each period. Highlighted you will find the balance at the end of every purchase or sale.

When you have a purchase: Use the following formula to get the weighted-average cost by unit:

(P₁*Q₁)+(P₂*Q₂)/(Q₁+Q₂)

P₁ and Q₁ are the balance from operation that you made before.

P₂ and Q₂ is the data of the new operation (new purchase)

When you have a sale: you only discount the Quantity and use the average cost by unit to get the final inventory.  

The balance at the end of October is

Units Unit Cost Total

76         $28,338          $2.153,720 

Download xlsx
3 0
3 years ago
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