1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
pickupchik [31]
3 years ago
14

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.

You might be interested in
Identify how changes within an organization affect the OM strategy for a company. For​ instance, discuss what impact the followi
Ierofanga [76]

Answer:

a. Maturing of a product

When the product reaches its maturity stage, its sales volume reduces considerably. This would require different marketing strategies like product enhancement, price changing or developing new designs, etc.

b. Technology innovation in the manufacturing process

This will cause many changes in the strategy as technological innovation would reduce manual labor cost. Also, the organization would need skilled employees to deal with the new technology.

- Cost cutting is instituted.

- Product changes decrease.

- Design compromises are instituted.

- Labor Skills decrease

- Optimum capacity may be achieved

- Manufacturing process stabilizes

6 0
3 years ago
you are a consultant to a firm evaluating an expansion of its current business. The cash flow forecasts (in millions of dollar)
timama [110]

Question

you are a consultant to a firm evaluating an expansion of its current business. The cash flow forecasts (in millions of dollar) for the project as follows:

Year     cashflow

0           -100

1-10            15

0n the basis of the behavior of the firm's stock, you believe that the beta of the firm is 1.30. Assuming that the rate of return available on risk-free investments is 5% and that the expected rate of return on the market portfolio is 15% what is the net present value of the project

Answer:

NPV= -$32.58

Explanation:

The net present value of the investment is the cash inflow from the investment discounted at required rate of return. The required rate of return can be determined using the the formula below:

Ke= Rf +β(Rm-Rf)  

Ke =? , Rf- 5%,, Rm-15%, β- 1.30

Ke=5% + 1.30× (15-5)=  18%

The NPV = Present value of cash inflow - initial cost

 =  A×(1-(1+r)^(-10)/r  - initial cost

A- 15, r-18%

NPV = 15× (1-1.18^(-10)/0.18 - 100= -32.58

NPV = -$32.58

5 0
3 years ago
Detailed information about the financial statement elements is maintained in records commonly called?
sergij07 [2.7K]

Detailed information about the financial statement elements is maintained in records commonly called "Accounts'

An account in accounting is a general ledger entry that is used to categorize and record transactions. For example, businesses will have a Cash account where they may record each transaction that raises or reduces the amount of cash they have on hand.

Three different accounts exist.

  1. Real account: It links assets and obligations; it excludes accounts for specific individuals. They continue every year.
  2. Personal accounts link the accounts of people,
  3. Businesses, and organizations. All accounts for income, spending, losses and profits are related by a nominal account.

To learn more about financial statements

brainly.com/question/26243955

#SPJ4

4 0
2 years ago
Strong corporations were prevented in the early 1900s from becoming monopolies.
MArishka [77]
The answer is: b.false
5 0
3 years ago
If a one-year bond has a face value of $5,000 and is sold for $4,500, what is the interest rate on the bond?
Arada [10]

Answer:

11.1%

Explanation:

The face value is $5000

It is sold for $4,500

Therefore the interest rate of this bond can be calculated as follows

$5000-$4500

= 500

500/4500 × 100

= 0.111 × 100

= 11.1%

Hence the interest rate is 11.1%

6 0
3 years ago
Other questions:
  • Which of the following statements concerning the cash budget is CORRECT? a. Depreciation expense is not explicitly included, but
    8·1 answer
  • Joe is a pizza delivery worker. the pizza shop he works for has a 30 minutes or less delivery guarantee or else the customer doe
    11·1 answer
  • Marshall-Miller & Company is considering the purchase of a new machine for $50,000, installed. The machine has a tax life of
    8·1 answer
  • Alex, brad, and carl are partners. the profit and rule sharing rule between them is 4:3:3 in the alphabetical order. the partner
    14·1 answer
  • Ethical dilemmas usually have clear right or wrong answers.<br><br> True<br> False
    8·1 answer
  • A firm that successfully differentiates its product or lowers its average cost of production creates A. a perfectly inelastic de
    14·1 answer
  • Joe walks into Best Buy prepared to spend no more than $500 cash on a new computer, but the price turns out to be $600. Joe is t
    5·1 answer
  • nted below is information related to Viel Company at December 31, 2020, the end of its first year of operations. Sales revenue $
    14·1 answer
  • A company's ____________ is the percentage of the total target market for the product that belongs to the company.
    14·2 answers
  • The ideal outcome of the _____ process group is to complete a project successfully by delivering the agreed-upon project scope w
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!