Answers
Answer:
B. False
Explanation:
When total debits equals to total credits on a trial balance, we can't assured that there are no errors of any sort occurred during the preceding steps in the accounting cycle.
Following Accounting Errors may result in Balanced Trial Balance
Errors of omissions
Errors of commissions
Errors of misposting
Compensating errors
Errors of Principle
Related Questions
If the inflation rate is positive power is ?. This situation is reflected in the ? Rate of return on an investment, which will be ? The ? Rate of return
Which of the following illustrates economies of scale , diseconomies of scale , and constant returns to scale ?Liza's average total cost changes from $4.50 to $2.20 when she increases salad production from 7 to 9 an hour. Sam's average total cost changes from $1.30 to $2.80 when he increases smoothie production from 5 to 8 gallons an hour. Tina's average total cost remains at $3 when she increases pizza production from 12 to 13 an hour.a. Sam faces economies of scale; Liza faces diseconomies of scale; Tina faces constant returns to scale.b. Sam faces economies of scale; Tina faces diseconomies of scale; Liza faces constant returns to scale.c. Tina faces economies of scale; Sam faces diseconomies of scale; Liza faces constant returns to scale.d. Liza faces economies of scale; Sam faces diseconomies of scale; Tina faces constant returns to scal
The winner of a state lottery will receive $5,000 per week for the rest of her life. If the winner's interest rate is 6.5% per year compounded weekly, what is the present worth of this jackpot? Assume there are 52 weeks per year.
For each of the scenarios, please decide whether there will be an increase or decrease in short-run aggregate supply or if there will be no change. 1. Changes in the healthcare market cause employers to pay significantly more for health insurance they provide employees. 2. The price of lumber, a commodity, rises drastically due to the effect of heavy winter weather in the American Northwest, where much of the world's lumber is grown. 3. The production of a new type of blade for their combine harvesters, a tractor used to harvest crops, has allowed wheat farmers, like Herbert, to increase productivity by 40%.
Answers
Answer:
From all indications,it is very clear that the question requires a journal entry to record the unpaid interest.
Dr Interest expense $1125
Cr Interest payable $1125
Explanation:
This is a typical case of an omitted entry in the books of accounts,specifically it relates year-end close accounting adjustments.
Under the accrual basis, which is prevalent in the private sector,expenses are to recorded when incurred not when they are settled in cash,as result it is imperative that the above transaction needs be adjusted by debiting interest expense account and crediting same amount to interest payable account to affirm that the company has an obligation to $1125 to mortgage providers.
Answers
Answer:
The price of the stock is $56.75.
Explanation:
This can be calculated using the following formula:
P = d /r ……………………………………… (1)
Where;
P = price of the stock = ?
d = preferred stock dividend = $4.54
r = required rate of return = 8%, or 0.08
Substituting the values into equation (1), we have:
P = $4.54 / 0.08
P = $56.75
Therefore, the price of the stock is $56.75.
Answers
Solution and Explanation:
Depreciation expense is calculated as follows:
Depreciation expense = Cost of machine minus residul value divide useful life of asset
= (159600 - 0) / 8 = 19950
Thus, annual depreciation expense is $19950
Partial year depreciation expense = Anuual depreciation multiply period
= 19950 mulitply 0.5 = $9975
Thus, partial depreciation expense for the 01st january 2023 to July 1, 2023 is $9975
the jorunal entry is as follows:
Depreciation account Dr. 9975 ($)
Accumulated depreciation Cr. 9975 ($)
1. if machine is sold for $79800 cash
Cash 79800
Accumulated depreciation 89775
gain on sale of machinery 9975
Machinery 159600
2. If machine is sold for $67032
Cash 67032
Accumulated depreciation 89775
loss on sale of machinery 2793
Machinery 159600
Answers
Complete Question:
HR managers must comply with laws when hiring, promoting, compensating, and firing employees. These laws include:
Group of answer choices
A. Breach of Warranty of Habitability.
B. Free and Appropriate Public Education Act.
C. Americans with Disabilities Act.
Answer:
C. Americans with Disabilities Act.
Explanation:
Human resources (HR) managers must comply with laws when hiring, promoting, compensating, and firing employees. These laws include Americans with Disabilities Act.
The Americans with Disabilities Act is an employment and civil rights law passed by the U.S Congress and signed into law by President George H. W. Bush on the 26th of July, 1990.
The main purpose of the Americans with Disabilities Act is to prohibit the discrimination and stigmatization of people having any form of disability in several fields such as employment, public accommodations, communications, transportation and access to all national programs and services across the United States of America.
With respect to employment and human resources (HR) managers, it protects the rights of job seekers and employees working in an organization.
Answers
Answer:
A. 1.111
B. The process is not capable
Explanation:
Part A
Capacity index help todetermine the performance of a process and how it could perform in the future. A capacity index of above 1.33 means that the process is capable but a capacity index below 1.33 means that the process is not capable. The capacity index can be calculated using equation 1;
From the mean which is 0.5, it can be determined that the process is a centered process.
For centered process, the mean = 0.5 x (Upper s. - Lower S.) = 0.5 x 0,02 = 0.04
so the capacity index for centered mean will be used
................................................1
Given standard deviation = 0.003
upper specification = 0.05
lower specification = 0.03
Therefore the capacity index of the process is 1.111
Part B
The capacity index of the process is 1.111 and it is less than 1.33, this means that the process is not capable.
B. is added back as an adjustment to Net Income in the operating activities section
C. is added back to Purchases of Plant Assets under investing activities
D. is shown as a negative cash flow in the investing activities section
Answers
Answer:B -
Explanation:Depreciation is added back as an adjustment to the net income in the operating activities section.
Answer:
The correct answer is letter "B": is added back as an adjustment to Net Income in the operating activities section.
Explanation:
Since net income is a starting point for calculating cash flows from operating activities, depreciation costs must be added back to net income if the method being used is the indirect process. Therefore, depreciation spending is recorded in the cash flow statement.