Answer:
16 weeks
Explanation:
Given:
Amount saved each week in the first 5 weeks = $25
Amount saved each week in the next 7 weeks = $25 + $20 = $45
Amount saved each week afterwards = $25
Total amount to be saved = $540
Now,
The total amount saved in the first 5 weeks = $25 × 5 = $125
The total saved in the next 7 weeks = $45 × 7 = $315
Thus,
The total amount saved till now = $125 + $215 = $440
Now,
The remaining amount to be saved = $540 - $440 = $100
The time required to save the $100 =
= 4
Hence,.
the total weeks required = 5 + 7 + 4 = 16 weeks
Answer:
d. Yes Yes
Explanation:
Relevance and Faithful Representation are the two fundamental characteristics of financial reports in accounting. They hold that financial reports must be what would influence the decision or be important for financial decision of the information consumers in other words relevant while also being faithful representation such that information here is truly representative, reliable and free of errors. However comparability, understandability, timeliness, and verifiability are enhancing qualitative characteristics that support the fundamental qualitative characteristics in establishing usefulness of financial reports.
Adjusting entries always include c. at least one income statement account and one balance sheet account.
<h3>What is
Adjusting entries?</h3>
Adjusting entries can be described as those changes that is been made on the journal entries that have already been recorded.
This is usually done so as to make sure that the numbers that have been recorded match up to the correct accounting periods.
It should be noted that Journal entries is been used to track how money moves as well as how it enters the business, hence Adjusting entries always include c. at least one income statement account and one balance sheet account.
Therefore, option C is correct.
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