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
alisha [4.7K]
3 years ago
10

The agreement of the trial balance total is an indication that all transactions have been properly recorded in the books of acco

unts do you agree justify your answer
Business
1 answer:
Lostsunrise [7]3 years ago
6 0

Answer: I did not agree that the agreement of trial balance is an indication that all transactions have been properly recorded in the books of account .it only means that certain types of errors have not been made.

Explanation:

Trial balance is an account prepared in order to test the arithmetical accuracy of entries in the ledger account. When a double entry principle has been observed then the total of debit entry must equal the total of credit entry in the trial balance. The balancing of the two sides of the trial balance does not mean that the account is correct. It means that certain types of errors have not been made. In the sense that there are several types of error which will not affect the balancing of trial balance such as the compensating error, error of original entry, error of omission, error of commission and so on will not affect the balancing of trial balance.

You might be interested in
Identify two examples of suitable places Sarah could advertise vacancies
Anika [276]

Answer:

permanent roles, and contract roles.

8 0
3 years ago
The Missing Link Chain-Link Fence Company is trying to determine how many chain-link fabricating machines to buy for its factory
OleMash [197]

Answer:

Explanation:

What is given:

The price of a new fabricating machine - 60

The price of a one-year-old machine - 51

The real interest rate is 10% per year

Marginal product of fabricating machines 165-2K (K - desired number machines)

If calculate the depreciation, (60-51)/51 = 15%

a) Find user cost of capital

User cost of capital is the sum of interest rate and depreciation cost multiplied by the price of new machine

= 60*(0.10+0.15) = 15 units

b) Determine the number of machines that will allow Missing Link to maximize its profit

165-2K=15

2K = 150

K = 75 machines

c)

Suppose that Missing Link must pay a tax equal to 40% of its gross revenue. What is the optimal number of machines for the company?

165-2K = 15/(1-0.4)

165-2K=14/0.6

165-2K=25

2K=140

K=70 macines

4 0
3 years ago
In the figure below, ∆LMN is an equilateral triangle, side \overline {LM} LM is bisected by O, side \overline {LN} LM is bisecte
likoan [24]

Based on the calculations, the measure of angle PON (∠PON) in equilateral triangle LMN is equal to 30°.

<h3>What is an equilateral triangle?</h3>

An equilateral triangle can be defined as a special type of triangle that has equal side lengths and all of its three (3) interior angles are equal.

Since triangle LMN is an equilateral triangle, the following applies:

LN = LM = MN

∠LNM = ∠L = ∠LM = 60°

OP // MN (O and P are midpoint).

∠NPO = 90° + (90° - 60°) = 120°

∠PNO = ∠LNP/2 = 60/2 = 30°.

Therefore, ∠PON is given by:

∠PON = 180° - (∠PNO + ∠NPO)

∠PON = 180° - (30° + 120°)

∠PON = 180° - 150°

∠PON = 30°

Read more on equilateral triangle here: brainly.com/question/14709905

#SPJ1

4 0
1 year ago
interview any business owner on how he/she ensures that the following elements of Total Quality Management (TQM)positively impac
SOVA2 [1]
Hey there

Total Quality Management<span> (</span>TQM<span>) is a comprehensive and structured approach to an organizational </span><span>management. 

</span>Total Quality Management refers to <span>systems that focus on quality. Make the quality more better and less cheaper. The better the quality of the item, the better they will make a profit.   </span>
3 0
3 years ago
Finding the required interest rate: Your parents will retire in 18 years. They currently have $250,000, and they think they will
Salsk061 [2.6K]

Answer:

i= 8% annual compunded

Explanation:

Giving the following information:

Your parents will retire in 18 years. They currently have $250,000, and they think they will need $1,000,000 at retirement.

We need to calculate the interest rate required to reach the $1 million goal in 18 years without any additional deposit.

FV= PV*(1+i)^n

Isolating i:

i= [(FV/PV)^(1/n)] - 1

i= [(1,00,000/250,000)^(1/18)] - 1= 0.08

i= 8% annual compunded

7 0
3 years ago
Other questions:
  • _____ occurs when an advertiser underwrites the total cost of a program.
    10·1 answer
  • The two main sources of stockholders' equity are a.net income retained in the business and dividends paid b.investments by stock
    8·1 answer
  • Operating leverage is easier to control and manage than financial leverage because operating leverage deals with the internal wo
    6·1 answer
  • Money for a personal loan is usually issued to the borrower
    7·2 answers
  • Determine the cost assigned to ending inventory and to cost of goods sold using specific identification. For specific identifica
    10·1 answer
  • You are to receive an annuity of $1,000 per year for 10 years. You will receive the first payment two years from today. At a dis
    12·1 answer
  • Which best describes the role of financial planning?
    8·1 answer
  • Meredith, the General Manager at Gladfle Inc., is planning to use certain new strategies to control and reduce the health care b
    10·1 answer
  • The following transactions occurred during the month of June 2021 for the Stridewell Corporation. The company owns and operates
    15·1 answer
  • 1.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!