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Mila [183]
3 years ago
15

The post-closing trial balance helps to verify that: (Select all that apply.) Multiple select question. we prepared and posted c

losing entries correctly the accounts are ready for next period's transactions the company was profitable during the current period we prepared and posted adjusting entries correctly
Business
1 answer:
Artyom0805 [142]3 years ago
4 0

It can be deduced that the post-closing trial balance is important as it verifies that:

  • we prepared and posted closing entries correctly.
  • the accounts are ready for next period's transactions.

<h3>What is a trial balance?</h3>

A trial balance simply means the bookkeeping where the balance of all the ledgers are compiled.

The post-closing trial balance is important as it verifies that we prepared and posted closing entries correctly and that the accounts are ready for next period's transactions.

Learn more about trial balance on:

brainly.com/question/24696035

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Question 1<br> What is the most important question you should have after seeing this ad about a check cashing business?<br> Why
TEA [102]

The most important question you should have after seeing this ad about a check cashing business is"

  • Why Choose ACE to Cash Your Check?
  • No credit check necessary?
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<h3>Is a check cashing business considered a financial institution?</h3>

A money service business is one that is seen as a kind of  a financial institution that is known to be  involved with one or a lot of of the following entities such as:

  • Check casher
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So, the most important question you should have after seeing this ad about a check cashing business is"

  • Why Choose ACE to Cash Your Check?
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6 0
2 years ago
Omnimenium, an automobile company, incurred a debt of $20 million for the fiscal year of 2016. The company used that money with
Mrrafil [7]

Answer:

<u>Leverage Ratios</u>

Explanation:

Leverage ratios signify the proportion of debt. The purpose behind calculating such ratios and their interpretation being to assess an entity's reliance on debt for raising long term capital.

Debt to investments ratio would be the proportion of debt used in the total investment made by a company.

Debt to investments ratio is computed as : \frac{Amount\ of \ debt\ used}{Total\ investments }

In the given case, the company utilized it's funds from debt to the tune of $20 million for it's investments in buying out another company.

Total investments = $ 20 million in debt + $20 million own funds i.e retained profits = $40 million

Out of $40 million, $20 million has been financed by debt.

Thus, Debt to investments ratio is 0.5.

Lower the debt to investment ratio, better it is for the company since lower will be interest and principal repayment obligations.

3 0
3 years ago
Which of the following is true of both paying with a check and paying with a debit card?
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The "C) When used, both take money directly out of a bank account" statement is true of both paying with a check and paying with a debit card. Paying with a check and paying with a debit card have a similar trait to its function. Both of the payment methods are used for the daily transaction and the user has to have enough balance in the bank account in order to execute payments<span>.</span>
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3 years ago
Jimmy John's sandwiches claim to have "Freaky Fast" delivery. This ________, which refers to the place a product occupies in con
Salsk061 [2.6K]

Answer:

D) Product Positioning

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Product positioning is the process used by marketers to communicate about their products to targeted customers. They focus primarily on the needs of the customers, availability of the channels for communication and attributes of the products. It enables the target customers to receive all the messages and update regarding the business and ask them to take the necessary steps accordingly.

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The strategy would be C. previewing
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