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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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The Woods Co. and the Spieth Co. have both announced IPOs at $49 per share. One of these is undervalued by $14, and the other is
ehidna [41]

Answer:

The profit that would result from both shares is $13,500

Explanation:

Loss would emanate from overvaluation while profit would result from undervaluation,that is the key to solving the question.

Loss from overvaluation=1,500*$5=$7,500

Profit from undervaluation=1,500*$14=$21,000

Profit from the investment =Profit from undervaluation-loss from overvaluation=$21,000-$7,500=$13,500

8 0
3 years ago
A commercial bank has $100 million in checkable-deposit liabilities and $12 million in actual reserves. The required reserve rat
Iteru [2.4K]
Given:
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actual reserves = $12 million
required reserve ratio = 10%

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10 million - 12 million = 2 million excess reserves

D.) $2 million is the bank's excess reserves
3 0
4 years ago
There is a 15 percent probability the economy will boom; otherwise, it will be normal. Stock G should return 15 percent in a boo
Bess [88]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

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4 0
4 years ago
What is the process in which union and company representatives meet to negotiate a new labor contract called?
valina [46]
The answer to the question stated above is collective bargaining. 

Collective bargaining is <span>the process in which union and company representatives meet to negotiate a new labor contract.
</span><span>It is a negotiation between employees and a group of employers aimed at agreements to regulate working salaries.</span>
3 0
4 years ago
Read 2 more answers
Which TWO of the following best describe the use and characteristics of discounted cash flow methodology?
konstantin123 [22]

Answer:

The correct answer is option 1 and 4.

Explanation:

Discounted Cash Flow Methodology attempts to assign present values to an investment's expected future cash flows. It is an effective way to evaluate and compare various investment options to one another. As fixed-income securities have fixed interest payments, DCF is an effective way to compare fixed-income securities. It is also used to calculate the current market values of these securities.

The project with positive NPV is accepted or higher NPV means the project is more lucrative.

8 0
3 years ago
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