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MAVERICK [17]
3 years ago
9

the bookkeeper for Blue Spruce Equipment Repair made a number of errors in journalizing and posting, as described below. For eac

h error: (a) Indicate whether the trial balance will balance. (b) If the trial balance will not balance, indicate the amount of the difference. (c) Indicate the trial balance column that will have the larger total.
Business
1 answer:
Sergeu [11.5K]3 years ago
7 0

Answer:

Note: The full question is attached as picture below

                               (a)                   (b)                   (c)  

                                In                                      Larger  

                            Balance      Difference       column

1.                               No               $725             Debit  

2.                             Yes                 NA                NA  

3.                              Yes                 NA                NA  

4.                               No               $225            Credit  

5.                              Yes               $684               NA  

6.                               No                $45             Credit

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Unrealized Loss on Trading Investments a.is reported on the income statement in the operating expenses area. b.is reported on th
11Alexandr11 [23.1K]

Answer: D. is reported on the income statement separately, or as a part of Other Income and Expense, depending on its significance.

Explanation: Unrealized losses are losses that have been inputted on paper, but the corresponding transactions have not been completed. They are also known as paper loss, due to their being recorded on paper; and are changes in the value of assets or liabilities that have not yet been settled. They are reported on the income statement separately or as a part of other income and expense (accumulated comprehensive income), usually found in the equity section of the balance sheet.

5 0
4 years ago
You are considering moving your money to new bank offering a​ one-year CD that pays an 5 %5% APR with monthly compounding. Your
Gelneren [198K]

Answer:

<u>2.53%</u>

Explanation:

We need to understand what effective annual rate is to solve this question.

Effective Annual Rate is the actual interest earned on an investment due to effect of compounding.

The formula is:

Effective Annual Rate = (1+\frac{i}{n})^n - 1

Where

i is the interest rate given (nominal interest rate)

n is the number of compounding per year

For the old bank,

5% is the interest rate, so i = 5% = 5/100 = 0.05

n is the number of compounding per year, that will be n = 12 since compounding monthly

So, we have:

Effective Annual Rate (1+\frac{0.05}{12})^{12} -1\\=0.051161

For second bank, we have:

i = what we need to find

n = 2 (since semi annual compounding, every 6 months)

So,

Effective Annual Rate = (1+\frac{i}{2})^2 - 1

This should be equal to APR from 1st bank (0.05)

So, we solve for i:

0.05=(1+\frac{i}{2})^2 - 1\\1.05=(1+\frac{i}{2})^2 \\i=0.0253

So, the interest would have to be

0.0253 * 100 = <u>2.53%</u>

8 0
4 years ago
The competition between firms within a strategic group is:
Lelechka [254]

Answer:

The correct answer is A. Greater than the competition a member of a strategic group and companies outside that strategic group.

Explanation:

Companies that sell products or offer similar services to the same segment of the population are in a strategic group. For example, a haute cuisine restaurant and a fast food restaurant are both restaurants, but companies would be in different strategic groups, since they usually do not have the same customers. Similarly, a fashion boutique and a haute cuisine restaurant serve the same clientele, but they are in different strategic groups because companies offer different products. The examination of companies that operate within the same strategic group is called analysis of strategic groups.

This type of analysis is often discussed in conjunction with the market focus. In the market approach, the population of consumers is divided into market segments that share common characteristics such as education level, income, age and gender. Research companies study the general preferences of market segments and then use those preferences in gear products and services to specific market segments that are served by strategic groups.

6 0
3 years ago
Excel Memory Company can sell all units of computer memory X and Y that it can produce, but it has limited production capacity.
DanielleElmas [232]

Answer:

                                                   Product X                 Product Y

Contribution Margin per                $10                            $12

Production Hour

Explanation:

The hours used in the product X and product Y is computed as:

                                                    Product X                 Product Y

Units produce in per hour                 2                                3

Hours used per units                  1/2 = 0.5                    1/3 = 0.333

The contribution margin per production hours is calculated as, divide the contribution margin by hours as shown below:

                                                     Product X                Product Y

Contribution margin                           $5                            $4

Hours used                                         0.5                         0.333

Contribution margin per              5/0.5 = 10               4/0.333 = 12

Production Hour

3 0
3 years ago
Take a critical and analytical (objective) look at your life. Think about your wants and needs. In two separate columns, list yo
slega [8]

Answer:

Food is need but having fast food from expensive restaurants is want.

Car is considered as a luxury its is a want, travelling from bus is a need.

Having small studio apartment to live is need but buying expensive villa is want.

Buying new clothes is need when old clothes are torn.

Shopping from grocery stores is need, shopping from malls is want.

buying branded shoes is want but having normal shoes are need.

Explanation:

These is difference between human needs and wants. A person may want so many luxuries in life but actually he can survive without buying it. Needs are the things without which survival of a person is risk.

4 0
3 years ago
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