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
Fynjy0 [20]
3 years ago
5

When correcting errors in a trial balance, the ruling method should be used a.when a proper entry has been made but posted to th

e wrong account or for the wrong amount. b.if an incorrect entry has been journalized and posted to the wrong account. c.when an incorrect journal entry has been made, but not yet posted. d.when an incorrect journal entry has been made, but not yet posted and when a proper entry has been made but posted to the wrong account or for the wrong amount
Business
1 answer:
miv72 [106K]3 years ago
3 0

Answer:

d.when an incorrect journal entry has been made, but not yet posted and when a proper entry has been made but posted to the wrong account or for the wrong amount

Explanation:

When correcting errors in a trial balance, the ruling method should be used "when an incorrect journal entry has been made, but not yet posted and when a proper entry has been made but posted to the wrong account or for the wrong amount."

In trial balancing, an error can be fixed or corrected by tracing the trial balance steps. First, make a comparison between the ledger balances and the amount posted to the trial balance then add both debit and credit table if the amount matches, otherwise use the transposition method.

You might be interested in
Lynn Ally, owner of a local Subway shop, loaned $40,000 to Pete Hall to help him open a Subway franchise. Pete plans to repay Ly
Juliette [100K]

Answer:

Lynn will receive $63,754 at the end of 8 years.

Explanation:

Future value is the sum of value of principal invested and compounded return received over the investment period.

Using following formula of future value to calculate the required interest rate.

FV  = PV x ( 1 + r )^n

PV  = Present value = $40,000

n = number of years = 8 years

r = Interest rate = 6%

FV = Future value = ?

FV  = $40,000 x ( 1 + 6% )^8 = $63,754

8 0
4 years ago
Read 2 more answers
The free market is moral because it’s based on merit. Individuals are rewarded when they produce goods and provide services that
kakasveta [241]

Answer:

moral of the market

Explanation:

According to my research on the free market, I can say that based on the information provided within the question this is also referred to as the moral of the market. This, like mentioned in the question, is basically the act of thinking about other people as well as what is morally right when dealing with production and selling of goods in a free market.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

5 0
4 years ago
Lemon N' Honey is a juice manufacturing company in the United States. It exports its products to Australia, licenses to China, h
Anastasy [175]

Answer:

international division

Explanation:

In a functional organization structure,  a company is divided into small units based on the roles they perform. For example, a company may have marketing, finance, It and human resources division. The divisions may also be referred to as departments.

Divisions allow for more efficiency as employees with shared skills and knowledge are put together to perform familiar tasks. By creating an international division, Lenon N' Honey will be able to assign specialized employees the duty of in managing its foreign business. The international division will focus on ensuring that the overseas operations are achieving their objectives.

6 0
3 years ago
Kyoko's Performance Pizza is a small restaurant in Detroit that sells gluten-free pizzas. Kyoko's very tiny kitchen has barely e
Dvinal [7]

Answer: variable; fixed

Explanation: In the short run, Kyoko's workers are variable inputs. This is because, the number of workers needed can be varied based on production needs, even in the short run. Examples are energy, labor etc.

Kyoko's ovens are fixed inputs. Fixed inputs are those inputs whose quantities cannot be changed in the short run by a firm as it seeks to change the quantity of output produced. Examples are equipment, land and building.

6 0
4 years ago
A stock just paid a $5.00 dividend, expected to grow at 6% for years 1 and 2, and then at 3.5% thereafter. What is the stock's i
yKpoI14uk [10]

Answer:

The Intrinsic Value or Calculated Price of the under-study stock is $98.57.

Explanation:

In the 1st year, the company is expected to Pay a Dividend of $5.3. This is calculated by multiplying the compound factor (1.06) with the current dividend of $5.

In the 2nd year, the growth rate will remain the same. So, multiplying $5.3 with the same compound factor of (1.06) and you will get $5.62.

In the third year, the growth rate will come down to 3.5% and this rate will be constant now. So, multiply the dividend of year 2 with the compound factor of (1.035) and you will get $5.81. Convert this figure to Perpetuity and the formula is;

                      Cash Flow / Cost of Equity - Growth Rate

This formula for Horizon value will give you $105.72.

Now, you have to find the Present value of all these three calculated Cash flows, add them all and you will get the Intrinsic Value.

Thanks.

3 0
4 years ago
Read 2 more answers
Other questions:
  • Chapter 2 Discussion
    8·1 answer
  • An original equipment manufacturer refers to a firm that _____. a. both designs and manufactures products b. designs, manufactur
    13·1 answer
  • Ramon inc., a software company, uses job evaluations to establish the value of its jobs in terms of criteria such as their diffi
    6·1 answer
  • Which of the following is applicable to the Nasdaq PHLX?a. Regional exchange operated by NASDAQb. Offers trading in equity secur
    15·1 answer
  • Daleview has a cable television service provider. Non-subscribers are not permitted a ’free-ride.’ This means that the service p
    11·1 answer
  • Discuss ONE of the components of job analysis.​
    11·1 answer
  • As the manager in an insurance company, Emanuel is responsible for reviewing the following two plans that he will offer to the p
    11·1 answer
  • Pina Corporation sells rock-climbing products and also operates an indoor climbing facility for climbing enthusiasts. During the
    6·1 answer
  • In practice, items such as wood screws and glue used in the production of school desks and chairs would most likely be classifie
    11·1 answer
  • A firm expects to sell 25,500 units of its product at $16 per unit. pretax income is predicted to be $60,500. if the variable co
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!