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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 shop sells pineapple smoothies for $ 2.75 and mango smoothies $ 3.25 . On Saturday, a total of 60 cups were used to serve smoo
Ymorist [56]

Answer:

2.75x + 3.25y = 172.50 ... Equation 1

x + y = 60 ... Equation 2

Explanation:

Where x = number of pineapple smoothies and

            y = number of mango smoothies

Also given that, cost of pineapple smoothies = $ 2.75

and cost of mango smoothies = $ 3.25

The total sales made by the company is the addition of the sum made from mango smoothies and pineapple smoothies.

Total amount made from pineapple smoothies = cost of pineapple smoothies × number of pineapple smoothies sold

= 2.75 × x

= 2.75x

Total amount made from mango smoothies = cost of mango smoothies × number of mango smoothies sold

= 3.25 × y

= 3.25y

Therefore where total sales = $172.50

2.75x + 3.25y = 172.50

Also, since there were 60 cups used in all. Where a cup is used for a smoothie,

x + y = 60

Therefore the equations representative of the situation are

2.75x + 3.25y = 172.50

and

x + y = 60

8 0
4 years ago
What is the factor of production that coordinates other factors of production​
Andrews [41]
An entrepreneur is a person who combines the other factors of production - land, labor, and capital - to earn a profit.
5 0
3 years ago
BlendIn, Inc. manufactures covers for blenders and toaster ovens. Because its product lines are similar, BlendIn can produce mos
Masja [62]
I’m pretty sure the answer is B $147,400
3 0
3 years ago
When evaluating the usefulness of information, you want to make sure
MArishka [77]
When evaluating the usefulness of information, you want to make sure it is up to date.

I would say, saying this is up to date meaning there talking about like the day of the month or year.

Hope this helps :)
6 0
3 years ago
Read 2 more answers
A mechanical engineer must recommend an A/C system to a commercial building owner. The owner uses and MARR of 6%, but is not sur
malfutka [58]

Answer:

12 years

Explanation:

The chilled water system lasts for in line with the building. To calculate break even useful life of chilled water we assume no salvage value. The company uses MARR of 6% . The conventional system costs $52,000 and annual operating cost is $15,000. We can calculated the useful life by adding the system cost and its operating cost with multiplying minimum acceptable rate of return.

$52,000 * A/P (6%, 10) + $15,000 = 12 years.

7 0
3 years ago
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