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2 years ago

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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The following T-account is a summary of the cash account of Buffalo Industries. Cash (Summary Form) Balance, Jan. 1 21,600 Recei

kupik [55]

Answer:

$702,000

Explanation:

The cash flow statement categories the company's transactions in a financial period into 3 groups; these are operating, investing and financing.

The net profit/loss, depreciation, changes in current assets (other than cash) and liabilities are considered as operating activities including income taxes.

The sale of assets, interest received, purchase of investments are examples of investing activities while the issuance of stocks, debt principal deduction (loan settlement), issuance of debt securities etc are examples of financing activities.

An increase in assets other than cash is an outflow while an increase in liabilities is an inflow. Depreciation and other non-cash expenses deducted in the income statements are added back while the non-cash income such gain on asset are deducted from net income.

The amount of net cash provided (used) by financing activities should be reported in the statement of cash flows

= -$108,000 + $810,000

= $702,000

Other transactions are either operating or investing activities related.

5 0

3 years ago

Which of the following would cause a leftward shift of the supply curve for computers? A. an increase in the price of printed ci

Margaret [11]

Answer:

The answer is A.

Explanation:

All other things being equal, an increase in the cost of production of a product will decrease the units of the product being reduced and this reduction in supply shifts the supply curve to left while a decrease in the cost of production will increase the units of the product being produced and this shifts the supply curve to the right.

Printed circuit boards is one of the materials used to build computers and since the price has increased, the cost of producing computer also increases and this will make the producers to produce less, shifting the supply curve to the left.

6 0

3 years ago

cost formula is expressed as follows: Y = $17PH + $760,000 where PH is defined as process hours. What budgeted dollar amount wou

VMariaS [17]

Answer:

B. $ 1,984,000 $ 2,112,000

Explanation:

Static budget is a budget that has been prepared for a standard level of output with no tendency to vary irrespective of the level of output.

Therefore, the figure that will appear in static budget is as follows:

Y = $16PH + $640,000 where PH is defined as process hours

PH = 84,000 (Budgeted output)

Y = $16(84,000) + $640,000

Y = $1,344,000 + $640,000

Y = $1,984,000

That is the figure that will appear in the static budget is $1,984,000

Flexible budget is a budget designed to vary with the level of actual activity.

Therefore the figure that will appear in the flexible budget is as follows:

Y = $16PH + $640,000 where PH is defined as process hours

PH = 92,000 (Budgeted output)

Y = $16(92,000) + $640,000

Y = $1,472,000 + $640,000

Y = $2,112,000

That is the figure that will appear in the flexible budget is $2,112,000

8 0

2 years ago

Which of the following is important in determining the extent of competition in an industry?

diamong [38]

The answer is c

i hope that helped

5 0

3 years ago

Under SEC rules, the managers of certain funds are allowed to deduct charges for advertising, brokerage commissions, and other s

GarryVolchara [31]

Answer:

These kind of fees that are deducted for advertising and other sales expenses directly from the fund rather than billing investors is known as 12 B-1 charges.

Explanation:

This is a fee assessed from a mutual fund to it's investors. The managers instead of charging or billing the investors, deduct certain amount directly from the fund itself. This is a type of annual marketing and distribution fee considered as operational expense and is included in a fund's expense ratio.

8 0

2 years ago