1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Rudik [331]
3 years ago
9

At Up Style, a mall clothing store, the manager has examined the source documents, recorded all the store's transactions in an a

ccounting journal, and posted the recorded transactions. What is the final step the manager needs to do to complete the accounting cycle?
Business
2 answers:
VLD [36.1K]3 years ago
5 0

Answer:

The correct answer is prepare financial statements.

Explanation:

The financial statements are the documents that the company must prepare at the end of the accounting year, in order to know the financial situation and the economic results obtained in its activities throughout the period.

Andreyy893 years ago
5 0

Answer:

prepare the financial statements

Explanation:

The accounting cycle is defined as the process of identifying, analyzing, recording, and reporting all the business's financial transactions.

For a small store the most important financial statements are the income statement (used to determine taxes) and the balance sheet. The income statements includes mostly temporary accounts: revenues, expenses, net income or losses, that must be closed at the end of the accounting period and they start from 0 the next period. The balance sheet includes permanent accounts like assets, liabilities and equity.

You might be interested in
Hoosier Corporation declared a 2-for-1 stock split to all shareholders of record on March 25 of this year. Hoosier reported curr
pychu [463]

Answer:

(a) The stock dividend is not taxable because it affects all shareholders pro rata

(b) Babara will transfer half of the old stock base to the new stock and make her new and old stock tax base $50

(c) Hoosier does not change his E&P for the stock dividend since the shareholders are not taxable.

Explanation:

6 0
3 years ago
The political environment in India has proven to be critical to company performance for both PepsiCo and Coca-Cola India. What s
wolverine [178]

Answer:

Explanation:

The political environment in India have played key role in company performance of PepsiCo and Coca-Cola India as follow:

- The Indian government viewed as unfriendly to foreign investors especially those who want to invest in other sectors apart from high tech sectors.

- Outside investment had been allowed only in high-tech sectors and was almost entirely prohibited in consumer goods sectors. The The “Principle of Indigenous Availability” (Policy banning imports being sold in India)

- Distribution Arrangements - Production plants and bottling centers were strategically placed in large cities all around India. They were more added as demand grew, along with new product lines. In Coca-Cola’s case, the JV with Parle provided access to its bottling plants and its products. By forming partnerships, both Coca-Cola and Pepsi were able to get initial access into the market.

5 0
3 years ago
C. If the marginal cost of a gallon of milk increases, how will the household respond?
Stella [2.4K]

Answer:

If the marginal cost of a gallon of milk increases, how will the household respond?

C. The household will continue to consume the same amount.

Explanation:

The increase in the marginal cost of a gallon of milk will not greatly alter the quantity of milk consumed by a typical household.  At this initial point when the marginal cost of a gallon of milk increases, the household is not affected because the seller has not shifted the cost to consumers.  Even when the marginal cost increase is shifted to the consumers, the quantity required by the household remains the same.  What may likely change at that stage is that the price at which the a household buys a gallon of milk increases marginally.  The marginal increase will not distort demand for milk but households can change brands and not the quantity of milk, or at worst, they pay a higher price for a gallon.

5 0
4 years ago
PLS help!!!!! Will Give BRAINLIEST!! thanks :):)
const2013 [10]

Answer:

The Tamara Foundation has partnered with Stronger Philanthropy to manage the grant application process. Stronger Philanthropy will interview charities to determine their funding priorities, present Charity Profiles to the Tamara Foundation that are aligned with our mission and mandate for shortlisting, contact charities being invited to submit an application for consideration, and manage new grant applications and follow-up reports.

Explanation:

hope it helps

answerd by Hami Radcliffe

7 0
3 years ago
Managers in international businesses will need to evaluate the attractiveness of a country as a market or location for a facilit
Inga [223]

Answer:

The statement is: True.

Explanation:

Before starting businesses in a foreign country, managers must analyze if the target region fulfills the minimal conditions to conduct operations and, more important if the returns are good enough to cover the expenses of the investment. For such a purpose, social indicators such as average consumer income, education, or occupational class should be reviewed by executives. Countries with higher ratings should be the priority to start international businesses there.

4 0
3 years ago
Other questions:
  • Edgerron Company is able to produce two products, G and B, with the same machine in its factory. The following information is av
    13·1 answer
  • Suppose that people’s expectations in 2013 are rational. If the Federal Reserve engages in a fourth round of quantitative easing
    6·1 answer
  • The accounting equation may be expressed as
    11·1 answer
  • Three challenges that bricks construction may encounter when trying to implement their corporate social investment plan in the l
    13·1 answer
  • Firms operating in a market situation that creates ___________________, sell their product in a market with other firms who prod
    6·1 answer
  • Wildhorse Co. entered into these transactions during May 2022, its first month of operations.
    12·1 answer
  • Data related to the inventories of Costco Medical Supply are presented below: Surgical Surgical Rehab Rehab Equipment Supplies E
    5·1 answer
  • Use the following stockholders' equity section of Marcy Company on December 31, 2004 to answer questions 45 through
    8·1 answer
  • Cindy is a salesperson employed by a window manufacturing company, and she travels to various locations to sell her products. Sh
    7·1 answer
  • Explain how direct materials standards and direct labor standards are set.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!