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3 years ago

Where do temporary account balances go at the end of an accounting period?

Business

1 answer:

Andreyy893 years ago

8 0

Answer:

Temporary – revenues, expenses, dividends (or withdrawals) account. These account balances do not roll over into the next period after closing. The closing process reduces revenue, expense, and dividends account balances (temporary accounts) to zero so they are ready to receive data for the next accounting period.

Explanation:

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Tricia is trying to decide how to spend her money. She adds and subtracts by a dollar to determine which combination of expenses

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D. I think... I could be wrong.

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3 years ago

Rowell Company spent $3 million two years ago to build a plant for a new product. It then decided not to go forward with the pro

ELEN [110]

Answer:

B. If the building could be sold, then the after-tax proceeds that would be generated by any such sale should be charged as a cost to any new project that would use it.

Explanation:

The proceeds from a potential sale are the opportunity cost of using the building for a given project instead of selling to a third party. Not including any cost will lead to project not recovering the entire capital used in it.

Is important to notice this is the after-tax proceeds from the sale of the building.

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3 years ago

Consider the following work breakdown structure:What is the probability that this project will be completed within 210 days AND

ella [17]

Answer: 0.8186

Explanation:

Given that;

activity To Tm Tp Te (V)^0.5 v

A 38 50 62 50 4 16

B 90 99 108 99 3 9

C 70 80 90 80 3.333333 11.11111

D 19 25 31 25 2 4

E 91 100 115 101 4 16

F 62 65 68 65 1 1

Expected duration Te = (4 × Tm + To + Tp ) / 6

Variance = ( Tp-To/6]²

variance of the critical path = 9+16 =25

SD of the critical path = ( var)^0.5 = 5

probability that the project will be completed within 210 days is given by

z = (210-200) / 5 = 2

which gives probability of 0.97725

Probability that the project will be completed within 195 days

z = (195-200) / 5 = -1

which corresponds to probability of 0.1586

Now required probability that project completes within 210 but before 195 days is given by

0.97725 - 0.1586 = 0.8186

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3 years ago

The scores you receive on the ACCUPLACER tests determine what?

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It determines wether or not you are ready for college-level studies or if you'll need a few more preparatory classes.

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3 years ago

Read 2 more answers

"Hilary is working for a consulting firm making $60,000 per year but considers starting her own consulting company. Hilary has d

kompoz [17]

Answer:

1. Total implicit cost per year = $66,000

2. Total cost per year = $337,000

Explanation:

Given:

Salary = $60,000

Investment = $100,000

Rent = $75,000

Wages = $190,000

Materials and utilities = $6,000

Rate of return = 6%

Computation:

1. Total implicit cost per year:

Total implicit cost per year = Salary give up + Return on investment

Total implicit cost per year = $60,000 + ($100,000 x 6%)

Total implicit cost per year = $60,000 + $6,000

Total implicit cost per year = $66,000

2. Total cost per year:

Total cost per year = Total implicit cost per year + Rent + Wages + Materials and utilities

Total cost per year = $66,000 + $75,000 + $190,000 + $6,000

Total cost per year = $337,000

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3 years ago