Answer: c. Account balances after adjustments
Explanation: An adjusted trial balance contains all the ending balances in all accounts after adjusting entries (journal entries recorded at the end of an accounting period to alter the ending balances in various general ledger accounts) have been prepared. The purpose of adding these entries is to correct errors in the first draft of the trial balance and to bring the entity's financial statements into compliance with an accounting framework. Such accounting framework may be Generally Accepted Accounting Principles (GAPS) or International Financial Reporting standards (IFRS)
Answer:
The correct response will be:
(a) 15%, 21%
(b) 15%
Explanation:
(a)
Otter Company would be entitled to subtract a dividend received equal to 50% including its dividends it obtained. For the continued membership including its dividends, these will pay an income tax of 21 percent.
- The organization would then expect to be paid 21 percent tax mostly on the remaining part including its dividend while the federal income rate that is applied to it would be 21 percent.
- A business but with much less than 20 percent investment is given just 50 percent including its allowance as well as the additional dividend revenue is exempted from taxes of 21 percent.
(b)
Gerald would have all the split ones in sales. At either the 15 percent rate, he is going to pay tax.
Answer:
8.2 times
Explanation:
The first step is to calculate the average receivable
= $114,000+$152,000/2
= $266,000/2
= $133,000
Therefore the accounts receivables turn over can be calculated as follows
= net sales / average receivable
= $1,090,000/$133,000
= 8.2 times
Hence the account receivable turnover is 8.2 times
Strategic planning starts with a mission statement that reflects a firm’s vision, purpose, and values.
Strategic Planning Process: Strategic planning is the process of identifying long-term organizational goals, strategies, and resources, focusing on the horizon more than three years away.
Most large companies rely on one person to evaluate system requirements rather than relying on a system review committee. When assessing the feasibility of a schedule, systems analysts need to consider the trade-off between time and cost.
CRM (Customer Relationship Management) components can provide automated responses to sales inquiries, online order processing, and inventory tracking values.
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Answer:
displacement
Explanation:
Displacement is a psychological defense mechanism where the person redirected the emotion in a negative way via from the real source to the lower threatening receipt
As in the given situation, the husband yells his wife and then wife yells her children so this represent that they use the defense mechanism i.e. displacement
