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
RoseWind [281]
2 years ago
15

Which report is constructed immediately prior to preparing the financial statements with the purpose of demonstrating that the a

ccounts balance?.
Business
1 answer:
White raven [17]2 years ago
3 0

The report that is constructed immediately prior to preparing the financial statements with the purpose of demonstrating that the accounts balance  is called : Adjusted trial balance

<h3>What is an adjusted trial balance?</h3>

Adjusted trial balance is an account prepared that shows the arithmetic accuracy of the ledger. This balance list the general ledger account balances after any adjustments have been made.

An adjusted trial balance include:

  • Adjustment for prepaid and accrued expenses.
  • Depreciation

Therefore, an adjusted trial balance is a report, constructed immediately prior to preparing the financial statements with the purpose of demonstrating that the accounts balance.

Learn more about adjusted trial balance here: brainly.com/question/14274904

You might be interested in
You manage marketing for a small business on a tight budget, yet you need to reach as many people as possible. How can Google Ad
Crazy boy [7]

Answer:

While google ads may be expensive, it spreads the word around quicker because 98% use google. seeing an ad might interesting them into to the buisness.

Explanation:

8 0
3 years ago
Barnes Corporation manufactures two models of office chairs, a standard and a deluxe model. The following activity and cost info
777dan777 [17]

Answer:

Standard= $24,800

Explanation:

Giving the following information:

Number of:  Setups Components

Standard 22 8

Deluxe 28 12  

Overhead costs $20,000 $40,000

<u>First, we need to calculate the predetermined overhead rate for each activity:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Setups= 20,000 / (22+28)= $400per setup

Components= 40,000 / (8+12)= $2,000 per component

<u>Now, we can allocate overhead:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Standard= 400*22 + 2,000*8

Standard= $24,800

3 0
3 years ago
You are trying to concentrate during an examination but you get distracted by the sound of another student tapping her pencil on
sergejj [24]

Answer:

a.  Selective attention/comprehension

Explanation:

Selective attention/comprehension -

It refers to some specific external factors , which alerts someone's attention , is referred to as Selective attention/comprehension .

The factors can be some external factors like some specific words , activities , situation etc.

Hence , from the given scenario of the question ,

The students gets distracted by the sound of the pencil on desk .

The correct answer is a.  Selective attention/comprehension .

3 0
3 years ago
________ is conceptualized as consisting of six steps which include problem definition, developing an approach to the problem, r
Finger [1]

Answer:

A) The marketing research process

Explanation:

Marketing research process is the collection, analysis, and interpretation of data relating to the marketing conditions.  It consist of the systematic process of planning and executing marketing objectives  and also solving marketing related  problems

Defining the problem, developing the research plan, collecting information, analyzing information, presenting the findings and lastly making decision.

3 0
3 years ago
We are evaluating a project that costs $644,000, has an eight-year life, and has no salvage value. Assume that depreciation is s
AleksandrR [38]

Solution :

a).

Particulars                                                Details

Selling price per unit                                 37

Less : variable cost per unit                     -21

Margin per unit                                           16

No. of units sold per unit                       70,000

Gross margin                                        11,20,000

Less : fixed cost                                     - 7,25,000

Profit before depreciation and tax       3,95,000

Less : depreciation                                -80,500

Profit before tax                                     3,14,500

Less : Tax                                               -1,10,075

Net profit per year                                 2,04,425

Project Cost                                           6,44,000

Accounting breakeven point in years     3.15

b).

Calculating the base Cash - Cash flow and NPV

Particulars                                                       Amount

Net profit per year                                        2,04,425

Add : depreciation                                         80,500

Base Cash cashflow                                     2,84,925

Required rate of return                                    15%

Present value of base cash cash flow        12,78,550

received in 8 years.

Project cost                                                  -6,44,000

NPV                                                               6,34,550

The present value of base cash cash flow received in 8 years is calculated as Present value of annuity received at the end of each year $ 2,84,925 at the rate of interest 15% for a period of 8 years.

The sensitivity of the NPV to 500 units decrease in projected sales :

Particulars                                                          Details

Selling price per unit                                            37

Less : variable cost per unit                                -21

Margin per unit                                                     16

Number of units sold per year                          69,500

Gross margin                                                      11,12,000

Less : fixed cost                                                -7,25,000

Profit before depreciation and tax                   3,87,000

Less : depreciation                                            -80,500

Profit before tax                                                 3,06,500

Less : tax                                                            -1,07,275

Net profit per year                                             1,99,225

Add : depreciation                                              80,500

Base Cash cashflow                                          2,79,725

Required rate of return                                         15%

Present value of base cash cash flow              12,55,216

received in 8 years.

Project cost                                                    -6,44,000

NPV                                                                6,11,216

Original NPV                                                  6,34,550

Sensitive NPV                                                  -23,334

c).

Particulars                                                              Details

Selling price per unit                                               37

Less : variable cost per unit                                   -20

Margin per unit                                                        17

No. of units sold per year                                     70,000

Gross Margin                                                         11,90,000

Less : fixed cost                                                     -7,25,000

Profit before depreciation and tax                       4,65,000

Less : Depreciation                                                -80,500

Profit before tax                                                     3,84,500

Less : tax                                                                -1,34,575

Net profit per year                                                  2,49925

Add : depreciation                                                   80,500

Operating cash flow                                               3,30,425

Original operating cashflow                                   2,84,925

Sensitivity of OCF                                                      45,500

7 0
3 years ago
Other questions:
  • "when economists say that money promotes ________, they mean that money encourages specialization and the division of labor."
    7·1 answer
  • What should a consumer consider when shopping for a credit card? Check all that apply.
    6·2 answers
  • When placing the vehicle in motion, it is strongly recommended that the last task you perform is to release the parking brake. w
    14·1 answer
  • A situation in which the individual pursuit of self-interest leads to collective destruction is known as what?
    12·1 answer
  • A manufacturing department completed and transferred to finished goods a total of 50,000 units. They also had 2,500 units in end
    5·1 answer
  • The Morgan Company, a small furniture manufacturer, divides its organization into marketing, human resources, accounting, and pr
    13·1 answer
  • Use the ethical tools from the readings to discuss the ramifications of electronic medical records. Suppose that there was a nat
    12·1 answer
  • When a liquidity trap situationâ exists, we knowâ that:_____.a. fiscal policy will have no effect on the demand for goods.b. an
    10·1 answer
  • Wyatt is paying back a loan with a nominal interest rate of 13. 62%. If the interest is compounded quarterly, how much greater i
    11·1 answer
  • the graph to the right depicts the per unit cost curves and demand curve facing a shirt manufacturer in a competitive industry 8
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!