which of the following accounts should be shown on the post-closing trial balance? a. all asset, liability, and capital accounts b. all revenue and expense accounts c. all expense accounts d. all accounts listed in the general ledger

Answers

Answer 1

All asset, liability, and capital accounts should be shown on the post-closing trial balance. The right answer is a.

All balance sheet accounts with non-zero balances at the end of of a reporting period are listed in a post-closing trial balance. The post-closing trial balance is utilised to confirm that the sum of all debit and credit balances, which ought to net to zero, is equal.

As such temporary accounts were previously closed and their balances transferred into the retained profits account as part of the closing procedure, the post-closing trial balance does not include any income, expense, gain, loss, or summary account balances. Columns indicating the account number, account description, debit balance, and credit balance can be found in the post-closing trial balance.

The correct answer is option a.

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Related Questions

Mario Gillespie owns 200 shares of Asset Investment
Corporation. He paid $32.75 per share. Asset Investment
pays a $5.00 per share dividend.
a. What is the total annual dividend?
b. What is the annual yield?

Answers

Answer:

A.

Explanation:

$1000

The total annual dividend is $1000.

The annual yield is 15.26%

What are shares?

A share can also refer to something like a unit of an unit trust, a limited partnership, or a property investment trust. A share is a quantity of shareholdings in the financial assets of a firm. The term "share capital" describes all of an organization's shares.

The information that was given was:

The total number of shares was 200

The amount that needs to be prepared is $32.75

The dividend that was received was $5

The total annual dividend will be calculated as:

annual dividends = dividends per period * dividend frequency

= 200 * $5.00

= $1000

The annual yield will be calculated as:

dividend yield = (annual dividends/share price) * 100

= (5 / 32.75)*100

= 0.1526 * 100

= 15.26%

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The closing entry for dividends involves a debit to Retained Earnings and a credit to Dividends Declared. The debit to Retained Earnings causes a(n) in the balance of the account.

Answers

As a result of a debit to the Retained earnings account, the balance would decrease.

What happens when Dividends are declared?They are taken from the profits of the business.These profits are represented by the retained earnings account.

Retained earnings are an equity account which means that they are credited when they increase. When they are debited therefore, they will see a decrease.

In conclusion, the balance would decrease.

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What is an example of SECONDARY market research

Answers

Answer:

News articles and Reports

Explanation:

its how they draw their data

Answer: Market research that's already compiled and organized for you. Examples of secondary information include reports and studies by government agencies, trade associations or other businesses within your industry.

Explanation: Secondary research uses outside information assembled by government agencies, industry and trade associations, labor unions, media sources, chambers of commerce, and so on. It's usually published in pamphlets, newsletters, trade publications, magazines, and newspapers. Secondary sources include the following: public and commercial sources

How do you calculate a company's net worth?
a) Total up all Assets
b) Subtract total Liabilities from Stockholder's Equity
O c) Subtract Stockholder's Equity from Total Assets
O d) Subtract total Liabilities from total Assets

Answers

Answer: d
To find a companies net worth you subtract total liabilities from total assets
Your welcome…

A company that is organized by function will group its employees into teams based on what?

Answers

This organisational structure divides workers into functional areas according to their areas of competence. These functional categories frequently correspond to phases of the value chain like operations, R&D, and marketing and sales.

What is meant by organisational structure?The way tasks are assigned, coordinated, and managed in order to achieve organisational goals is determined by the organisational structure. The foundation upon which standard operating procedures and routines are built is provided by organisational structure, which influences organisational action. Functional, multi-divisional, flat, and matrix organisational structures are the four different types.An organisational structure is a framework for managing specific tasks in order to accomplish a strategic goal. All of these activities have guidelines, expectations, and roles.An organization's structure serves as a tool for its members to carry out their duties in an effective and timely manner as well as for the organisation as a whole to achieve its goals and objectives. In addition to assigning employees their specific work duties and responsibilities, an organisational structure aids management in coordinating and managing operations.

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To calculate the number of montly payments required to pay off a loan or meet an investment goal, use the _______ function.

Answers

To calculate the number of monthly payments required to pay off a loan or meet an investment goal, use the nper function.

In finance, lending is the lending of money by one or more individuals, organizations, or other entities to other individuals and organizations, etc. The beneficiary incurs a debt and usually has to pay interest on that debt until that debt is also repaid. to repay the principal borrowed.

The promissory note will typically state, among other things, the principal amount of the loan, the interest rate charged by the lender, and the date of repayment. A loan involves reallocation of assets in question over a period of time, between the lender and the borrower.

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how many different hubs (or different colored circles) that represent the different parts of the marketing mix/environment are located at the top right of the screen in the simulation?
multiple choice
a. 8
b. 6
c. 2
d. 4

Answers

In the simulation, there are a total of 4 different hubs or different colored circles located at the top right of the screen that represent the different parts of the marketing mix/environment. These hubs are differentiated by color and represent product, price, promotion, and place. The product hub represents the specific products or services being offered by the business, the price hub represents the pricing strategy of the business, the promotion hub represents the marketing and advertising strategies being implemented, and the area hub represents the distribution channels being utilized by the business.

Understanding and effectively utilizing these different hubs is crucial in creating a successful marketing strategy that can help drive business growth and success.

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The normal balance side of any revenue account is the

Answers

Answer:

The answer is the debit side

To get us started on Optimization Models, we will highlight the terms we need to know before creating our models.
Let's assume we are running the production line assembling new video game consoles. What might be some of the items related to this process that would be constraints, objectives, or decision variables?

Answers

In the production line for assembling new video game consoles, some items related to this process that would be constraints, objectives, or decision variables are: production capacity (constraint), production cost (objective), and the quantity of raw materials used (decision variable).

Constraints in the production line could include the maximum production capacity, which determines the maximum number of consoles that can be assembled within a given time frame. Objectives may involve minimizing production costs, aiming to reduce expenses associated with labor, materials, and overhead. Decision variables could be the quantity of raw materials used, determining the amount of each component needed for console assembly.

In optimizing the production line for assembling video game consoles, considerations revolve around constraints such as production capacity, objectives like minimizing production costs, and decision variables such as the quantity of raw materials used. These elements form the basis for creating optimization models that aim to maximize efficiency and profitability in the production process.

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A small dance studio needs someone to manage their social media presence. They do not need someone to come into the studio to do the job. The person who fills this position would be a:
A remote worker.
B traditional worker.
C entrepreneur
D manager.

Answers

If a small dance studio needs someone to manage their social media presence. They do not need someone to come into the studio t o do the job. The person who fills this position would be a: A remote worker.

Who is a remote worker?

A remote worker can be defined as someone that work directly from home as the person does not physically have to be in a office before performing his/her job.

Based on the scenario the person that will fills this position would be  a remote worker since they do not need someone to come into the studio to do the job.

Therefore the person who fills this position would be a: A remote worker.

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v,j,j,hjhyiuy8y8u0i0ip

Answers

Answer:

v,j,j,hjhyiuy8y8u0i0ip

Explanation:

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Type the correct answer in the box. Spell all words correctly.

Which cost is dependent on production volume?

_____ cost is dependent on production volume.

Answers

Answer:

Variable costs

Explanation:

Variable costs are dependent on production output. The variable cost of production is a constant amount per unit produced. As the volume of production and output increases, variable costs will also increase.

Answer:

Variable cost

Explanation:

suppose the gdp deflator in an economy increases from a base year value of 100 to a value of 110 and the nominal gdp increases from $8 trillion in the base year to $9.9 trillion. what is the percent change in real gdp over this time period?

Answers

The percent change in real GDP is 19 percent.

The percent change in real GDP is calculated by dividing the change in nominal GDP by the change in the GDP deflator and then multiplying the result by 100.

Calculate the change in nominal GDP: Change in nominal GDP = 9.9 trillion - 8 trillion = 1.9 trillion

Calculate the change in GDP deflator: Change in GDP deflator = 110 - 100 = 10

Calculate the percent change in real GDP: Percent change in real GDP = (1.9 trillion / 10) x 100 = 19 percent

The percent change in real GDP is 19 percent.

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Use the hygiene hypothesis to explain why it is not
advantageous to sterilize everything as a society.

Answers

The hygiene hypothesis suggests that exposure to certain bacteria and infections early in life is beneficial for developing a strong immune system, making it disadvantageous to sterilize everything as a society.

The hygiene hypothesis proposes that our immune system requires exposure to a diverse range of microorganisms during early development to properly mature and function effectively. When we are exposed to various bacteria, viruses, and parasites, especially in childhood, our immune system learns to differentiate between harmful pathogens and harmless substances. This exposure helps train our immune system to respond appropriately to different threats and reduces the risk of developing allergies and autoimmune diseases later in life.

By sterilizing everything in our environment, we eliminate many of these beneficial microorganisms. Living in an overly clean and sanitized environment deprives our immune system of the necessary stimulation it needs to develop properly. Without exposure to a diverse array of microbes, our immune system may become overly sensitive and prone to overreacting to harmless substances like pollen, dust mites, or certain foods. This hypersensitivity can lead to the development of allergies, asthma, and other immune-related disorders.

Furthermore, the lack of microbial exposure may also disrupt the balance of our gut microbiota. The gut microbiome, a complex community of microorganisms in our intestines, plays a crucial role in regulating immune responses and maintaining overall health. Excessive sterilization and lack of microbial diversity can negatively impact the composition and function of the gut microbiota, potentially increasing the risk of various health problems.

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What are the 4 main investment types?.

Answers

There are 4 essential funding types or asset instructions that traders can pick from: shares, property, cash, and stuck hobby.

The required details for fixed interest rate in given paragraph

A constant hobby price is an unchanging price charged on a liability, together with a mortgage or loan. It would possibly practice all through the whole time period of the mortgage or for simply a part of the time period, however it stays the equal all through a hard and fast period. Mortgages may have a couple of hobby-price options, such as one which combines a hard and fast price for a few part of the time period and an adjustable price for the balance. These are mentioned as “hybrids.” A constant hobby price is appealing to debtors who don’t need theirhobby quotesfluctuating over the time period in their loans, probably growing their hobby prices and, through extension, theirloan payments. This kind of price avoids the threat that incorporates a floating or variable hobby price, wherein the price payable on a debt responsibility can range relying on a benchmark hobby price or index, now and again unexpectedly.

A constant hobby price avoids the threat that a loan or mortgage charge can substantially boom over time. Fixed hobby quotes may be better than variable quotes.

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Before The Great Depression, The Conventional Wisdom Among Economists And Policy Makers Was That The Economy Is Largely Self-Regulating. A. Is This View Consistent Or Inconsistent With Keynesian Economics? Explain. a. It Is Consistent With Keynes's Philosophy That A Laissez-Faire, Or Hands-Off, Approach Was Most Appropriate. b. It Is Consistent With Keynes's views regarding fiscal and monetary policies.
c. It is inconsistent with Keynes's proposals to nationalize major industrial sectors and place most of the economy under government control.
d. It is inconsistent with Keynes's conclusion that government intervention in the economy was necessary to maintain full employment.

Answers

Among the given statements the correct one is It is inconsistent with Keynes's conclusion that government intervention in the economy was necessary to maintain full employment.The correct option is (d).

Before the Great Depression, the dominant view among economists and policymakers was that the economy was largely self-regulating and that the government should not interfere in the market. This view is inconsistent with Keynesian economics because Keynes argued that the government should intervene in the economy during times of recession or depression to stimulate demand and create jobs.

Keynes advocated for government spending and monetary policies to stimulate demand during times of economic downturns. He argued that government spending could help to create jobs and boost consumer spending, which would lead to increased economic growth and a return to full employment.

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Sue is considering splitting the cost of a new TV with her roommate. Her share would be $305.22. Can Sue afford this

Answers

Yes, she can make the purchase and have money left over.

yes she can afford it

demand for gasoline (in hundreds of liters) at a particular station, as a function of the price of gasoline and the price of bus travel, is qd

Answers

The demand for gasoline at a particular station is 0.08.

The cross elasticity is 303

To calculate the cross-price elasticity of the quantity demanded of gasoline with respect to the price of bus travel, we should first calculate the quantity of gas demanded:

300 - 14(1.5) + 2(12) = 303

Gasoline is a fuel crafted from crude oil and different petroleum liquids. Gasoline is specifically used as an engine gas in automobiles. Petroleum refineries and blending centers produce motor gas on the market at retail gasoline fueling stations.

Gasoline is a combination of many unique hydrogens- and carbon-containing chemical substances (hydrocarbons). An ordinary gasoline aggregate incorporates approximately 150 exceptional hydrocarbons, together with butane, pentane, isopentane, and the BTEX compounds (benzene, ethylbenzene, toluene, and xylenes).

Gas is especially used as engine gasoline in cars. Petroleum refineries and blending facilities produce motor gas on the market at retail gas fueling stations.

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help i'm desperate time is tight

help i'm desperate time is tight

Answers

c is the correct answer

Benito’s family is thinking of relocating from Los Angeles to Oakland to save money. They set up a budget comparing the cost of living for both cities.How much money will they save monthly by the move to Oakland? $1315 $1560 $1665 $1765

Answers

Answer:

$1315

Explanation:

by comparison of living standards in both Los Angeles and Oakland, a move to Oakland will mean that Benito's family saves $1315 more than they were able to save in Los Angeles. This because the standard of living in Oakland is not as expensive as Los Angeles.

Cheers.

Answer: First option, (A) $1315

GDP is calculated by adding the income of all entities in the US. Then GNI is calculated by adjusting GDP first by deducting made to other countries from received from other countries. Then, are subtracted from the received from other countries. Finally, property and business-related transfer payments made to other countries for foreign income are deducted.

Answers

E⁣⁣xplanation i⁣⁣s i⁣⁣n a f⁣⁣ile

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Enterprises that provide goods or services to, or receive them from my training institution or organization​

Answers

Answer:

Enterprise is another word for a for-profit business or company, but it is most often associated with entrepreneurial ventures. People who have entrepreneurial success are often referred to as “enterprising.” There are many forms of legal enterprises, with the most common in the U.S.

A company has a poor impression with the public. Who might they hire to make it better?
A.
A graphic designer
B.
An advertising agent
C.
A public relations manager
D.
A quality assurance professional

Answers

Answer:

c

Explanation:

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What group currently writes the generally accepted accounting principles?.

Answers

Answer:

Financial Accounting Standards Board (FASB).

Explanation:

Generally accepted accounting principles (GAAP) refer to a common set of accounting principles, standards, and procedures issued by the Financial Accounting Standards Board (FASB).

A writer, an illustrator, a publisher and an agent would form a
a. Functional team
b. Cross-functional team
C. Management team
d. Corporate team

Answers

Answer:

B. Cross-functional team

Explanation:

A writer, an illustrator, a publisher, and an agent would form a Cross-functional team. The correct option is B.

What are cross-functional skills?

A Cross-Functional Candidate, according to Glassdoor, is a candidate with jack-of-all-trades abilities. In other words, a candidate with cross-functional skills is someone who is proficient in one or more related technologies or skills while also being knowledgeable in other technologies or skills.

Working cross-functionally, also referred to as working with teams other than your own, will inevitably occur at some point in your career. And doing it well can inspire innovative ideas, enhance your ability to interact with others, and improve your workplace's culture, productivity, and happiness.

Thus, the ideal selection is option B.

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Brown Cow Dairy uses the aging approach to estimate bad debt expense. The ending balance of each account receivable is aged on the basis of three time periods as follows: (1) not yet due, $15,000; (2) up to 120 days past due, $8,000; and (3) more than 120 days past due, $3,000. Experience has shown that for each age group, the average loss rate on the amount of the receivables at year-end due to uncollectibility is (1) 3 percent, (2) 11 percent, and (3) 20 percent, respectively. At December 31 (end of the current year), the Allowance for Doubtful Accounts balance is $750 (credit) before the end-of-period adjusting entry is made. Data during the current year follow: a. During December, an Account Receivable (Patty's Bake Shop) of $700 from a prior sale was determined to be uncollectible; therefore, it was written off immediately as a bad debt. b. On December 31, the appropriate adjusting entry for the year was recorded. Required: 1. Give the required journal entries for the two items listed above. 2. Show how the amounts related to Accounts Receivable and Bad Debt Expense would be reported on the income statement and balance sheet for the current year.

Answers

Answer:

A1. Dr Allowance for doubtful accounts $700

Dr Account receivable $700

2. Dr Bad debt expense $1,180

Cr Allowance for doubtful accounts $1,180

B. Operating Expense

Bad debt expense $1,180

Current Assets

Accounts Receivable $24,070

Explanation:

A. Preparation of the journal entries for the two items

First step is to calculate the Allowance for doubtful account balance

Allowance for doubtful account balance = (15,000*3%+8,000*11%+3,000*20%)

Allowance for doubtful account balance =$450+$880+$600

Allowance for doubtful account balance =$1,930

Now let prepare the journal entries

1. Dr Allowance for doubtful accounts $700

Dr Account receivable $700

2. Dr Bad debt expense ($1,930-$750) $1,180

Cr Allowance for doubtful accounts $1,180

B. Calculation to Show how the amounts related to Accounts Receivable and Bad Debt Expense would be reported on the income statement and balance sheet for the current year

INCOME STATEMENT PRESENTATION

OPERATING EXPENSE

Bad debt expense $1,180

($1,930-$750)

BALANCE SHEET PRESENTATION

CURRENT ASSETS

Account receivable $26,000

($15,000+$8,000+$3,000)

Less: Allowance for doubtful accounts ($1,930)

Accounts Receivable $24,070

Therefore the amounts related to Accounts Receivable and Bad Debt Expense would be reported on the income statement and balance sheet for the current year as :

Operating Expense:

Bad debt expense $1,180

Current Assets:

Accounts Receivable $24,070

In this graph, SRPC1 is the short-run Phillips curve for this economy when the expected inflation rate equals 0%. Using the graph, the short-run Phillips curve (SRPC) equals SRPC2 when the expected inflation rate equals _____%

Answers

5%In the given graph, the short-run Phillips curve (SRPC1) is represented by the line which begins at the point (5%, 4%).

This curve represents the relationship between inflation and unemployment in the short run when the expected inflation rate equals 0%.When the expected inflation rate is 5%, the short-run Phillips curve shifts upward to SRPC2. The point at which SRPC2 intersects the vertical axis (inflation rate axis) is approximately 6%. Therefore, the expected inflation rate equals 5%.

In economics terminology, the Phillips curve is the name given to the graph showing the relationship: inflation and unemployment.

The Y-axis holds and displays the inflation rate.The x-axis shows the unemployment rate. 

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someone wanting to buy a computer must consider the other purchases that could be made with the money spent on the computer. which economic factor has this individual considered before making this purchase?

Answers

The economic factor that the individual considered before making this purchase was the opportunity cost.

What do you understand by opportunity cost?

The opportunity cost of a choice is the value of the best alternative forgone where, given limited resources, a choice needs to be made between several mutually exclusive alternatives. Assuming the best choice is made, it is the cost incurred by not enjoying the benefit that would have been had by taking the second-best available choice.

Thus, opportunity costs are not restricted to monetary or financial costs: the real cost of output forgone, lost time, pleasure, or any other benefit that provides utility should also be considered an opportunity cost.

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Match each business model with the advantage it brings.​

Match each business model with the advantage it brings.

Answers

Answer:

1. Subscription.

2. Bait and Hook.

3. Cutting out the Middleman.

Explanation:

Some of the commonly used business models across the world include the following;

1. Subscription: steady revenue and predictable profits. It is a business model which typically involves customers paying a recurring fee or price (revenue) for the use of a particular product or service. These customers are usually charged either on a monthly or annual basis. An example is the subscription for paid cable tv by various customers.

2. Bait and Hook: attractive prices for basic product. It is also referred to as the razor and blade business model. Bait and Hook typically involves selling a product at a very low price so as to gain the attention of the buyer and selling a complementary product (refill) to the same buyer at a very high price. An example is a mobile phone (bait) and airtime plus data (hook).

3. Cutting out the Middleman: reduction in transaction costs and processing time. It typically involves the elimination of an intermediary (middleman) in the supply of goods and services to the end users or customers.

An example is the business to consumer (B2C) company such as Walmart, Uber, etc.

A stockholder sold her shares and made a profit of $1,403. If that is a profit of 27%, how much were the shares worth when she originally
purchased them? Round to the nearest cent .

Answers

The worth of the shares when the stockholder originally purchased them is $1105.

What are shares?

Shares are fractional ownership interests in a corporation. For some businesses, shares are a type of financial instrument that allows for the equitable distribution of any declared residual profits in the form of dividends.

It is assumed that the purchase price of the share is $100. As the stockholder sold her shares for $1,403, making a profit of 27%, it implies that:

  127 = $1,403

∴ 100 = $1,403/127 × 100

        = $1104.72

Therefore, $1104.72 is the original purchase price of the share.

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Would I do 12 time 4.5?? Someone please help Which of the following statements summarizes the views of "health trap" skeptics? Health issues are overrated in discussions about poverty. It is not obvious whether poverty is caused by malaria or by cholera It is the responsibility of NGOs, not local governments, to tackle health issues in developing countries. It is not obvious whether poverty is caused by poor health or by poor governance. ASAP PLEASE HURRRY!Which of the following describes a local business? Dental Design, a dentist office, is owned by a large company but operated by a group. Hometown Cooking, a restaurant, is owned and operated by Mrs. Jones. Melody's Music Store has multiple stores that are owned and operated by a large company. Snips, a salon, is operated by Mr. Hemsworth but owned by a large company. Unearned revenues are: Multiple Choice Increases in assets as a result of delivering products or services to a customer. Expenses incurred because a customer has paid in advance. Assets that will be used over time. Transferred to revenue when products and services are delivered. Decreases in an asset. horizontal analysis of an income statementapares the amount of each item on a current income statement with the same item on an earlier income statement.b.uses the most recent year as the base year.cpares individual income statement items to industry norms.d.shows individual income and expense items as a percentage of net income. could u please help me ! Why are some types of plastic that can be recycled almost never recycled? A 36-year-old client is prescribed digoxin for heart failure. What are two contraindications for the use of digoxin? what is element.help me . i wull follow you how can we improve jrotcthis JROTC not english what is the answer to 3v(7v 2) + 3(v2 + 2v + 1) 3v(-5v + 3) Which of the following was not true concerning the Continental Army during the winter of 1776-1777:A) They lost the Battles of Long Island and Brooklyn.B) They successfully surprised the hessian troops at Princeton and Trenton.C) The army decreased in size, and provisions were in short supply.D) They prevented the occupation of New York by the British. HELP PLEASE ( I WILL GIVE BRAINLEST!!!)Answer Choices:A. 91 sq cmB. 45.5 sq cmC. 60.2 sq cmD. 115 sq cm Which of the following is not a combination? what percent is 56 of 200 do seagulls show a preference for where they land? to answer this question, biologists conducted a study in g A cylinder has a diameter of 19 inches. It has a volume of about 3,400.62cubic inches. Find the height. A person whose business depends on their own established business is called______A) IntrapreneurB) UltrapreneurC) EntrepreneurD) None which group believed the merging of christian and classicla traditions could provide reofmr for the church and deepen the spiritual lives o fpeople A. Conjugate each verb in parentheses into the imperfect tensejugar) conCuando mis padres 1.muecas y bloques y 3.(bailar) mucho y mi pap 5.(gustar) jugar con sus amigas all.(ser) nios, ellos 2.(leer) muchos libros. Mi mam 4.(ir) al patio de recreo porque 6.