Answer: General Leger account balances aggregate data to determine payroll costs
.
The account balances form the basis for accounting reports.
Explanation: a General ledger is defined as the central accounting record of a company or organization consisting of the accounts that support the value items shown in the major financial statements.
The general ledger provides information of accounting reports which in turn is used to balance aggregate data to determine payroll costs
.
Answer:
The correct answer is the option C: Verifiability.
Explanation:
To begin with, the accounting concept of <em>"Verifiability"</em> indicates that the accounts of a company are verifiable in the cases when those accounts are reproducible so that indicates that given the same data and assumpitions it is understandable that an independent accountant can produce the same result the company actually did. Therefore that the verifiability is the concept that states that an accounting transaction should be supported by sufficient evidence to allow two or more qualified accountants to arrive at similar measures as it said before.
Answer:
debit teaching supplies expense
credit teaching supplies
(9000-3840)
9000 is from general ledger
Explanation:
Answer:
The answer is: D) All of the above are correct.
Explanation:
Theoretically in a market economy, the supply and demand of goods should play a critical role in the allocation of resources. One basic rule in economy is that resources are scarce, and the demand and supply helps us obtain the maximum benefit from our scarce resources.
The supply and demand should tell us how much of a good or service should be produced to reach an equilibrium point were both suppliers and consumers are satisfied.
A true market economy should not be affected by external events and policies but in the real world governments exist and markets are regulated, some more than others. The supply and demand curve should help us predict how those external events will affect the economy.
Answer:
EPS 5.92
dividend yield: 3.33%
payout ratio: 0.3378
Explanation:
<em><u>Earnings per share:</u></em>
EPS = (income - preferred dividends) / common stock utstanding
EPS = (15,800,000 - 1,000,000)/ 2,500,000 = 5.92
<em><u>dividend yield:</u></em>
dividend per share / market price
$2.00 / $60.00 = 0.03333 = 3.33%
<u><em>payout ratio: </em></u>
dividends per share / earning per share
2 / 5.92 = 0,3378