Answer:
(B) Post-closing trial balance
Explanation:
after the closing entries, the temporary accounts are closed. It will only disclosure the permanent accounts, which are the assets, liabilities and equity of the business.
The unadjusted TB will be before adjusting entries and closing entries.
The adjusted TB will be before the closing entries, it wil include both, temporary and permanent accounts
The worksheet is an auxiliary paper to create the financial statements.
The general ledger compiles each account balance and transaction related to each account to determiante this balance.
Answer:
$284,000
Explanation:
Movements in the retained earnings account are as a result of the payment of dividend and the addition of the income or loss for the year.
Given that
Baxter generated revenues = $40,000
incurred expenses = $24,000
purchased equipment = $10,000 and
paid dividends = $4,000
Net income/(loss) = $40,000 - $24,000
= $16,000
Retained Earnings at September 30, 2012
= $272,000 + $16,000 - $4,000
= $284,000
The answer to the first question is C. screen;deductible;premium. <span>By offering a menu of policies with different premiums and deductibles, insurance companies can <span><em>screen</em></span> their customers; for example, a low-risk customer </span><span>will often buy insurance with a lower <em>deductible</em> but a higher <em>premium</em> than a high-risk customer.
The answer to the second question is C $2, 161.98. </span>
Answer:
a. A Japanese firm sells its U.S. government securities to obtain funds to buy real estate in Japan.
This contributes to the demand for yen
b. A U.S. import company pays for glassware purchased from a small Japanese producer.
This contributes to the demand for yen
c. A U.S. farm cooperative receives payment from a Japanese importer of U.S. oranges.
This contributes to the supply of yen for foreign exchange
d. A U.S. pension fund uses some incoming contributions to buy equity shares of several Japanese companies through the Tokyo stock exchange.
This contributes to the demand for yen
Explanation:
Answer:
2) intangibility
Explanation:
A service can be defined as a collection of intangible goods that are being offered by a service provider to the end user in order to meet their needs or requirements. Thus, it is any intangible offering that involves a deed, performance, or effort that cannot be physically possessed by the service takers.
This scenario best illustrates the intangibility of services.
