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IgorC [24]
2 years ago
9

Adjusting entries are recorded ___of an accounting period.

Business
1 answer:
ExtremeBDS [4]2 years ago
5 0

Answer:

at the end

Explanation:

Adjusting entries are made at the end of an accounting period after a trial balance is prepared to adjust the revenues and expenses for the period in which they occurred.

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Indirect materials include ______. multiple choice question. supervisor salaries salt and pepper laptop computer keyboards facto
Kobotan [32]

Indirect materials include <u>salt and pepper.</u>

<u></u>

<u></u>

<u></u>

What are indirect materials ?

  • Indirect materials are goods that, while part of the overall manufacturing process, are not integrated into the final product.
  • For example, disposable gloves, personal protective equipment, tape, etc., may be essential to a production line, but they are not part of the actual product created on that line.
  • When cost savings take priority, it’s important to control spending and compliance by using a unified source-to-pay (S2P) platform for indirect materials.
  • Among S2P platforms, cloud-native ones offer the best functionality: they are easy to set up, deploy, learn and use, and they offer real-time, end-to-end visibility.
  • Unlike indirect materials, direct materials are components that are integrated into a manufactured product.
  • For example, chips in a mobile phone are direct materials in mobile phone production.

To know more about indirect materials, refer:

brainly.com/question/14896549

#SPJ4

5 0
2 years ago
What would be the return on total assets of a firm if net income is $50,000, total sales are $100,000, and total assets are $175
lesantik [10]

Answer: 28.6%

Explanation:

The return on the total asset of a firm will be calculated as the net income divided by the total asset and this will be:

=Net income / Total assets

=50,000/175,000

=28.6%

Therefore, return on total asset is 28.6%

7 0
3 years ago
Using accrual accounting, expenses are recorded and reported only: _A. when they are incurred and paid at the same time. B. if t
sleet_krkn [62]

Answer:

C. when they are incurred, whether or not cash is paid.

Explanation:

In accrual accounting, expenses are recorded in the moment they are incurred, even if they have not been paid for.

In fact, the term "accrued expense" means an expense that has been incurred, but not yet paid.

One common example of an accrued expense is accrued wages:

Suppose that a firm hires a worker on March 1, for a wage of $1,000 dollars per month, that is due to be paid at the end of the month (March 31). This worker is earning $33 per day. By March 4, the firm should have recorded accrued wages for $132 ($33 x 4 days) even if no payments will be made until March 31.

4 0
3 years ago
Qualified Retirement plans must provide a written Investment Policy Statement. Under ERISA interpretations, all of the following
mariarad [96]

Answer:

D: a list of the actual securities in the portfolio

Explanation:

Under Employee Retirement Income Security Act of 1974 (ERISA) interpretations, the details of risk, time horizon, target asset mix, investment goals and objectives, and guidelines for review are among the items which must be disclosed in the statement. A list of the specific investments in the plan is not a required disclosure.

7 0
3 years ago
A 2/10, net 30 credit policy: A) is an expensive form of short-term credit if a buyer forgoes the discount. B) provides cheap fi
grandymaker [24]

Answer: Is an expensive form of short-term credit if a buyer forgoes the discount.

Explanation:

2/10 net 30 credit policy is a form of trade credit that is being offered by a seller to a customer when there is a transaction for a particular good or service.

2/10 net 30 simply means that the customer will get a discount of 2% when he or she pays within 10 days, but the customer will pay the whole. amount when it's due in 30 days.

This policy is an expensive form of short-term credit if a buyer forgoes the discount.

4 0
3 years ago
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