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2 years ago

Steps in the Accounting Cycle Listed below, out of order, are the steps in an accounting cycle.

Business

1 answer:

sasho [114]2 years ago

5 0

Answer:

Steps in the Accounting Cycle

a) The order in which the steps in the accounting cycle are performed is:

3, 6, 2, 1, 4, 8, 5, 9, 7

b) The steps in the accounting cycle that occur daily are:

2, 3, & 6

Explanation:

The correct ordered steps in the account cycle are:

3. Analyze transactions from source documents.

6. Record transactions in a journal.

2. Post journal entries to general ledger accounts.

1. Prepare the unadjusted trial balance.

4. Journalize and post adjusting entries.

8. Prepare the adjusted trial balance.

5. Prepare the financial statements.

9. Journalize and post closing entries.

7. Prepare the post-closing trial balance.

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Write five advantages of multinational company

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Answer:

1. Outsourcing

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3. Tax avoidance

4. Employment of skilled labour

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2 years ago

DelRay Foods must purchase a new gumdrop machine. Two machines are available. Machine 7745 has a first cost of $10,000, an estim

Dafna11 [192]

Answer:

MACHINE 7745: -20,862.72

MACHINE A37Y: -18,281.02

Explanation:

production: 30,000,000

Machine 1

cost 10,000

life 10 years

salvage value 1,000

operating cost 0.01 per 1000 units. 0.01 x 30,000,000/1,000 = 300

Minimun accepted rate of retrun 6%

Future value of the Operating cost

$C \time \frac{(1+r)^{time} -1}{rate} = FV\\$

C = 300

r = 0.06

time = 10

$300 \time \frac{(1+0.06)^{10} -1}{0.06} = FV\\$

FV -$3,954.24

Future Value of the Investment

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

$10,000\time (1+ 0.06)^{10} = -17,908.48$

Total -17,908.48 - 3,954.24 + 1,000 = -20,862.72

Machine 2

8,000

life 10 years

no salvage value

operating cost 300

FV of the operating cost: - 3,954.24

FV of the Investment: -14,326.78

$8,000\time (1+ 0.06)^{10} = -14,326.78$

Total: -3,954.24 - 14,326.78 = -18,281.02

Edit: sorry but the math toll is not working as it should be =(

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2 years ago

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3 years ago

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1 year ago

When the economy is on the short-run aggregate supply curve and to the left of the long-run aggregate supply curve, actual aggre

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Answer:

Nominal salaries decrease and the short term aggregate goes up to the right.

Explanation:

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