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3 years ago

Which of the following correctly describes a general ledger?

Business

1 answer:

OLEGan [10]3 years ago

6 0

Answer:

A listing of all asset, liability, owners' equity, revenue, expense, and dividend accounts sorted according to its debit or credit balance.

Explanation:

A general ledger stores and summarizes all accounts a business operates. It is the source of financial information required to prepares financial statements.

The general ledger is a summary of a company bookkeeping system. It arranges or sorts the business accounts as the balance sheet order. Assets accounts appear first, then liability accounts, and lastly, the equity accounts.

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In a set of 12 aluminum castings, two castings are defective (D), and the remaining ten are good (G). A quality control inspecto

Brrunno [24]

Answer:

The sample space for this experiment contains 1728 elementary events.

Explanation:

Set of aluminum castings = 12

Control inspector randomly selects castings with replacement = 3

so elementary events = 12 * 12 * 12

Elementary events = 1728

7 0

3 years ago

You are planning to save for retirement over the next 25 years. To do this, you will invest $820 per month in a stock account an

alina1380 [7]

Answer:

The withdraw amount is "11,227.42".

Explanation:

The given values are:

In stock account,

PMT = $820

Interest rate = $\frac{10.2 \ percent}{12}$

N = 300

PV = 0

In Bond account,

PMT = $420

Interest rate = $\frac{6.2 \ percent}{12}$

N = 300

PV = 0

Now,

By using the FV (Future value) function, the value in Stock account will be:

= $FV(rate,nper,pmt,[pv],[type])$

= $1,125,795.30$

By using the FV (Future value) function, the value in Stock account will be:

= $FV(rate,nper,pmt,[pv],[type])$

= $300,181.3321$

After 25 years,

The value throughout the account, will be:

= $300,181.3321 + 1,125,795.30$

= $1,425,976.63$

By using the PMT function, we can find the with drawling amount. The amount will be:

= $PMT(rate, nper, pv, [fv], [type])$

= $11,227.42$

4 0

3 years ago

Cute Camel Woodcraft Company just reported earnings after tax (also called net income) of $8,000,000, and a current stock price

kykrilka [37]

Hey I just wanna tell I look forward

3 0

4 years ago

Many advertisers have been required to pay damages to individuals when pictures of them have been used without authorization to

aalyn [17]

Invasion of privacy has been committed by the advertisers.

<h3>Which of the following is an example of torts against persons?</h3>

When someone willfully behaves in a way that causes harm to another person, this is known as an intentional tort.
Assault, violence, trespass, and false imprisonment are a few frequent instances of intentional torts.

<h3>What is a tort example?</h3>

Intentional torts include, for instance In terms of tort law, assault refers to when someone threatens or tries to hurt someone else without actually touching them.
The distinction between assault and battery is as follows, and is further explained A person can be attacked without being touched.

Learn more about torts here:

brainly.com/question/988936

#SPJ4

4 0

2 years ago

The Hendersons have just bought a home that requires some monthly yard maintenance. They are trying to decide if they should hir

max2010maxim [7]

Answer: 10 months

Explanation:

It would take the Hendersons 10months to recover their cost if they decide to do it themselves over the professional service.

Here is how;

Doing it themselves would cost -

$250 - For a lawnmower

$135 - For an edger

$69 - For a hedge trimmer

$25 - For a rake

Summing these up gives $479

It would cost the Hendersons $479 to purchase equipments to carry out their monthly yard maintenance themselves.

On the other hand, if they were to hire a professional service, it would cost

• $75 for the first month and

• $45 for subsequent months

So, $45 * 9months = $405

$405 + $75 (for the initial month) = $480

Comparing the $480 for a professional to the $479 it would cost to purchase equipment and do it themselves, it would take the Hendersons 10months to recover their cost if they decide to do it themselves over the professional service.

5 0

3 years ago

Read 2 more answers