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goldfiish [28.3K]
3 years ago
13

When should the trial balance totals differ?

Business
1 answer:
Natalka [10]3 years ago
5 0

Answer:

C. If drawn up halfway through the financial year

Explanation:

A business prepares a trial balance to check on the accuracy of the double-entry system. The trial balance detects any mathematical errors that may have occurred during recording or posting information in various accounts.

A trial balance lists all the accounts as obtained from a firm's general ledger. It sums up the closing balances of all debits on one column and credits on the other. If the debits and credits balance, the firm's ledger book is presumed not to have mathematical errors.

The preparation of a trial balance is at the end of a financial period,  before the main financial statements. It uses the closing balances of the ledger accounts. If some accounts are not closed, then a trial balance will not balance.

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Beta Cleaning Equipment Corp. has started the actual design and development of a new floor buffing machine. It has the details o
cestrela7 [59]

Answer:

Letter A is correct.<em> Formation of a focus group to make sure the products meets user expectations.</em>

Explanation:

Using a focus group is an essential tool for an organization developing a new product that needs market research. The focus group is made up of a group of participants who come together for the purpose of analyzing a product or service marketing campaign and providing feedback on it.

There is a moderator responsible for listing questions about what is being reviewed, and ensuring that everyone contributes ideas and opinions. Companies typically use a variety of focus groups in different locations to ensure diversification of demographics, consumer behavior, purchasing history, and other relevant variables.

The biggest benefits seen from the focus group are: digital marketing tactics and rebranding.

4 0
4 years ago
On June 30, 20X5, Huff Corp. issued at 99, 1000 of its 8%, $1,000 bonds. The bonds were issued through an underwriter to whom Hu
Stels [109]

Answer:

$1,000,000

Explanation:

The Bond Issued less than its face value is issued on the discount. This discount is recorded and amortized until the maturity of bond.

Discount on the Bond = Face value - Issuance value = ($1,000 x 1,000) - ($1,000 x 1,000) x 99% = $1,000,000 - $990,000 = $10,000

Journal Entry

Dr.  Cash                        $990,000

Dr.  Discount on Bond  $10,000

Cr. Bond Payable          $1,000,000

Bond Liability on June 30, 20x5 is $1,000,000.

4 0
3 years ago
Read 2 more answers
When jorge became one of three final candidates for a managerial position with a large pharmaceutical company, the hiring manage
kodGreya [7K]
B we did this at school it’s not hard nor easy
6 0
3 years ago
Joe and Jack have a written contract whereby Joe agrees to sell Jack a plot of land for $100,000. Later, without terminating the
mina [271]

Answer:

The answer is: B) there is no consideration for Jack's promise.

Explanation:

Consideration (in contract law) is the benefit that must be bargained for between the parties involved. It is the essential reason for the parties entering a contact. Consideration must have some value and is exchanged on the performance or promise from the other party.

Common law rules on contract modifications require some new consideration in order  to modify an existing contract. In this case, only Jack added some new consideration (more money) to the written contract, Joe didn't add anything new.

7 0
3 years ago
Max just finished his $500 emergency fund and is now working the debt snowball. He's been offered a credit card with a $5,000 li
Ksju [112]

Answer:

What i would tell Max is to clear is debt free and be debt free

Explanation:

Based on the information given about Max What i would tell him is to clear all is debt and be debt free reason been that most people who take the offer of zero interest credit card often end up with interest rates that her high and in a situation where their is unforseen circumstances or emergency he should go for his emergency fund.

Therefore the best option for Max is for him to clear all his debt and be debt free.

8 0
3 years ago
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