I need the answer for this

A trial balance can best be explained as a list of: Multiple Choice The balance sheet accounts used to show the equality of the

zalisa [80]

Answer:

All accounts and their balances at a particular date

Explanation:

The trial balance is the total of the all accounts belong to the income statement, retained earnings, balance sheet. Also their debit and credit balance are totalled and equalled to each other

So as per the given options, all other options except the above one are wrong as it represent to the particular statement i.e. totally incorrect

Therefore the above represent the answer

3 0

2 years ago

in setting up a client agreement, you would request a down payment to cover a. the number of people to be served. b. legal fee c

egoroff_w [7]

The correct answer should be d. the cost of groceries

Since the most correct answer would be production costs, in this case, the cost of groceries is the production cost as it is the cost of what you need for production.

3 0

3 years ago

You wish to buy a cabin in 15 years. TODAY, the cabin costs $150,000. You believe the price of the cabin will inflate at 4% annu

vfiekz [6]

Answer:

I will need to invest 64,669.73 dollars now.

Explanation:

We will calcualte the future value of the cabin considering the inflation:

$Principal \: (1+ inflation )^{time} = Amount$

Principal 150,000.00

time 15 years

inflation 0.04000

$150000 \: (1+ 0.04)^{15} = Amount$

Amount 270,141.53

Then we calculate the present value of the lump sum at 15 years discounted at 10% which is the yield of the funds

$\frac{Maturity}{(1 + rate)^{time} } = PV$

Maturity 270,141.53

time 15 years

rate 0.10

$\frac{270141.53}{(1 + 0.1)^{15} } = PV$

PV 64,669.73

we would need to deposit 64,669.73 today to get enough cash to purchase the bcabin in 15 years.

5 0

2 years ago

Calculate the percentage rate management fees on the following: $575 adjusted per-unit fee, 50 total units, $600,000 annual gros

arlik [135]

Answer:

19.1% management rate.

Explanation:

Adjusted fee charge per unit = 575

Adjusted fee charge for total unit of product = 575 * 50 = $28750

Net after feel charge on goods = 600000 - 28750 = $571250

15% vacancy and loss rate = .15 * 571250 = $85687.5

Total management fee per year = $114437.5

Percentage rate management fee = (114437.5/600000) *100

= 19.1 %

8 0

3 years ago

Rayya company purchases a machine for $105000 on january 1, 2019. Straight-line depreciation is taken each year for four years a

klio [65]

Answer:

Journal entry For Depreciation

Date Account and explanation Debit Credit

July 1 Depreciation expense $7,500

(105000/7)*6/12

Accumulated depreciation-Machine $7,500

(To record Depreciation)

1) Journal entry

Date Account and explanation Debit Credit

July 1 Cash $45,500

Accumulated depreciation-Machine $67,500

Machine $105,000

Gain on Sale of Machine $8,000

(To record sale of Machine)

2) Journal entry

Date Account and explanation Debit Credit

July 1 Cash $25,000

Accumulated depreciation-Machine $67,500

(105000/7*4.5)

Loss on sale of machine $12,500

Machine $105,000

(To record sale of Machine)

6 0

2 years ago