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denis23 [38]
3 years ago
15

A trial balance can best be explained as a list of: Multiple Choice The balance sheet accounts used to show the equality of the

accounting equation. All accounts and their balances at a particular date. Revenue, expense, and dividend accounts used to show the balances of the components of retained earnings. The income statement accounts used to calculate net income.
Business
1 answer:
zalisa [80]3 years ago
3 0

Answer:

All accounts and their balances at a particular date

Explanation:

The trial balance is the total of the all accounts belong to the income statement, retained earnings, balance sheet. Also their debit and credit balance are totalled and equalled to each other

So as per the given options, all other options except the above one are wrong as it represent to the particular statement i.e. totally incorrect

Therefore the above represent the answer

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The activity base selected determines whether a cost behaves as a variable cost or fixed cost.
kramer

Answer:

The activity base selected determines whether a cost behaves as a variable cost or fixed cost. This statement is true.

The correct answer is A.

Explanation:

Variable cost is a cost that fluctuates with respect to activity level while  fixed cost is a cost that remains unchanged irrespective of activity level.

Thus, the activity base selected determines whether whether a cost is fixed or variable.

6 0
3 years ago
C. Worthy Ships initially issued 300,000 shares of $1 par stock for $1,500,000 in 2018. In 2020, the company repurchased 30,000
scZoUnD [109]

Answer:

Balance of treasury stock account   = 15000 shares

so

correct option is $150,000

Explanation:

given data

initially issued = 300,000

shares = $1 par stock

solution

we know here that Shares repurchased in 2020  is

Shares repurchased in 2020 = 30000 shares for $300,000

and half of the treasury so

resale of shares in 2021 is  = 15000 shares

so Balance of treasury stock account dated December 31, 2021 is

Balance of treasury stock account  = 30000 - 15000

Balance of treasury stock account   = 15000 shares

so

correct option is $150,000

7 0
3 years ago
Consider a(n) Five-year, 14 percent annual coupon bond with a face value of $1,000. The bond is trading at a rate of 11 percent.
Natasha2012 [34]

Answer:

i will help u in a bit

Explanation:

4 0
3 years ago
Beyond Space Aeronautics is developing a profit-sharing plan. Ben, the human resource manager, assumes the employees are excited
Nonamiya [84]

Answer:

The answer is D. Understanding that pay is not everything that employees are after and that there are several other means to keep them motivated.

Explanation:

Now lets take a closer look at it.

Option A is not going to work. Shutting down the basic communication system will render the organization members unable to cooperate with each other during their work and will make the matters even worse!

Option B is ridiculous. You remove employees just because you are suspicious of them to spread rumors? This will start other employees to doubt their own job security!

Option C is not going to work. You can tell them that rumors are against the company policy, but will they stop it just because of it?

Option E is somewhat acceptable. yet comparing with the option D, its not that much suitable. If the employees are already in doubt, it is unlikely that this option will work.

So, if option D is working, what are the non financial incentive that we can use to motivate our employees?

  1. Job Enrichment: Enrich their jobs with more responsibilities and by giving them more powers.
  2. Job Rotation: Employees get bored if they do the same work for a long period of time, changing the nature of the job they do is a good option in this case.
  3. Offer them leadership opportunities to develop in their career
  4. Recognize their contributions and efforts and appreciate them.
  5. Give your employees more autonomy and freedom
4 0
3 years ago
Hernandez, Inc. signed a ten-year noncancelable lease for a heavy duty drill press. The lease stipulated annual payments of $300
Nonamiya [84]

Answer: $120,000

Explanation:

Depreciation is to be based on the cost of the asset being depreciated. In this scenario, the cost of the heavy duty drill press will be the Present Value of all the lease payments for the entire 10 years because it is said that the title will pass to Hernandez Inc. afterwards so the lease payments can be considered as payment.

Straight Line Amortisation = \frac{Cost of Asset - Salvage Value}{Estimated Useful Life}

Straight Line Amortisation = \frac{1,800,000 - 0}{15}

Straight Line Amortisation = $120,000 per year

8 0
4 years ago
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