The concept is Internal control. It is a process that guarantees the achievement of the organization's objectives in terms of effectiveness and operational efficiency.
Delegated responsibilities include:
Opening the mail and depositing checks at the bankDepositing checks in a bank and entering the receipts in the books of accountsInternal control is a process implemented by the company's board of directors, management, and other employees to obtain reasonable assurance that: Information is reliable, accurate, and up to date.
Compliance with applicable laws, regulations, contracts, policies, and procedures. Internal controls make the organization more process-oriented than people-oriented, reducing the risk of over-reliance on certain key employees.
Internal controls can identify redundancies in operational and compliance procedures and provide an opportunity to streamline operations.
Question:
Effective internal control over cash requires isolation of duties. What duties should be insulated?
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Haswell Enterprises' bonds have a 10-year maturity, a 6.25% semiannual coupon, and a par value of $1,000. The going interest rate (rd) is 7.75%, based on semiannual compounding. What is the bond's price?
The price of the bond is $896.93
Par Value = $1,000
Annual Coupon Rate = 6.25%
Semiannual Coupon Rate = 3.125%
Semiannual Coupon = 3.125%*$1,000
Semiannual Coupon = $31.25
Semiannual Period to Maturity = 20 (10 years)
Annual Interest Rate = 7.75%
Semiannual Interest Rate = 3.875%
Price of Bond = $31.25 * PVIFA(3.875%, 20) + $1,000 * PVIF(3.875%, 20)
Price of Bond = $31.25 * (1 - (1/1.03875)^20) / 0.03875 + $1,000 / 1.03875^20
Price of Bond = $896.93
So, The price of the bond is $896.93
In finance, a discount is the interest payment obtained by way of a bondholder from the date of issuance until the date of adulthood of a bond. The certificates frequently also contained a report referred to as a talon, which (while the unique block of coupons was used up) could be indifferent and offered as an alternative for a block of additional coupons.
Coupons are generally described in phrases of the "coupon charge", that's calculated by adding the sum of coupons paid per year and dividing it by the bond's face cost. The starting place of the time period "coupon" is that bonds have been traditionally issued in the form of bearer certificates. bodily possession of the certificates was (deemed) evidence of possession. numerous coupons, one for each scheduled hobby payment, were imprinted on the certificate.
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Suppose a hypothetical economy is currently operating at point A on the per worker production function (PWPF labeled PFl in the accompanying graph. Which event could move the economy from point A to point B? a. increase in real GDP b. increase in the amount of capital c. decrease in the amount of capital d. technological advancement
The increase in the amount of capital could move the economy from point A to point B in the given hypothetical economy. Hence option (b) is the answer.
What does the term capital mean?In economics, capital consists of movable items like machinery and equipment used in the production of goods. The wealth or financial prowess of a person or organization is frequently defined as capital. The resources used to create value in an economy, known as capital, can be either physical or financial.
Things that provide value or advantage to their owner include a factory and its equipment, intellectual property like patents, or financial assets owned by a company or individual. These funds could be used to buy physical assets like buildings, companies, and machinery or intangible ones like patents and technical advancements. The two most typical forms of capital in business and economics are monetary and human.
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Auctions in recent years have resulted in higher prices paid for letters written by John Wilkes Booth than those written by Abraham Lincoln. Which of the following events would cause the price differences in these letters to get smaller?
a. The demand for Booth letters decreases.
b. The supply of Lincoln letters increases.
c. The demand for Lincoln letters increases and the supply of Booth letters increases.
d. The demand for Lincoln letters decreases and the demand for Booth letters increases.
Lincoln letters are more in demand, whereas Booth letters are more plentiful. The price disparity widens as a result of a combination of lower prices for Lincoln's letters and higher prices for Booth's letter.
It's crucial that we pay attention to the precise terminology used in both the Lincoln letters, queries and the replies when dealing with supply and demand. When discussing shifts in supply and demand curves, the entire curve moves to the right or left depending on the topic of changes in supply and demand. Students who are unfamiliar with economics frequently conflate variations in supply or demand with variations in the quantity supplied or demanded. Any changes in the quantity provided or required imply a movement from one point to another along the supply or demand curves, whereas the former shows a shift in the entire curve.
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The marketing manager of a firm has hired a market research team. Together, the manager and the researchers decide that they need data from current customers and noncustomers who fit a specific demographic and lifestyle profile. In the context of research design activities, the selection of these individuals as targets for data collection represents the ________.
Multiple Choice
type of research
nature of data
nature of data collection
information content
sampling plan
Option 4 is Correct. The decision to use these people as data collecting targets in the context of research design activities symbolizes the information content.
A market research team has been hired by a company's marketing manager. The management and researchers agree that they require information from people who meet a particular demographic and lifestyle profile, including both existing customers and noncustomers.
The manager of a business that specializes in automobile aftermarket parts is drawn to gathering secondary data. He worries about his rivals and the direction of the business. Along with industry research reports, he is interested in competitor industry and company analyses. The marketing philosophy holds that while creating any product or marketing campaign, the wants and needs of the target market should come first.
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Correct Question:
The marketing manager of a firm has hired a market research team. Together, the manager and the researchers decide that they need data from current customers and noncustomers who fit a specific demographic and lifestyle profile. In the context of research design activities, the selection of these individuals as targets for data collection represents the ________.
Multiple Choice
1. type of research
2. nature of data
3. nature of data collection
4. information content
5. sampling plan
select all that apply , Which of the following help measure the quality of a good economic model?Multiple select question.The level of central bank involvementWhether it gives us insights that can be used in the real worldHow well it reflects realityThe level of official government involvement
The options that help measure the quality of a good economic model are:
B: "Whether it gives us insights that can be used in the real world"C: "How well it reflects reality"The quality of an economic model can be measured by its practical usefulness and accuracy in reflecting reality. A good economic model should provide insights that can be applied in the real world and accurately represent economic phenomena. The level of central bank or government involvement is not necessarily a direct indicator of the quality of an economic model.
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Cobb Company currently produces and sells 9,000 units annually of a product that has a variable cost of $20 per unit and annual fixed costs of $195,000. The company currently earns a $228,000 annual profit. Assume that Cobb has the opportunity to invest in new labor-saving production equipment that will enable the company to reduce variable costs to $16 per unit. The investment would cause fixed costs to increase by $25,000 because of additional depreciation cost.
Use the equation method to determine the sales price per unit under existing conditions (current equipment is used).
Prepare a contribution margin income statement, assuming that Cobb invests in the new production equipment.
According to the equation method, the Seling price is $67 per unit.
The margin income statement,
Sales ($67 x 9,000 units) $603,000
Variable cost -(144,000)
Contribution margin $459,000
Fixed cost($195,000 +25,000) - 220,000
Operating income $239,000
What is a variable cost?A cost is said to be a variable cost whose value is fluctuating and does not remain the same or fixed whereas in Fixed cost the value is constant and does not varies.
1. Using the equation method of determining the unit sales price,
The calculation for the contribution margin
contribution margin =Fixed cost + annual profit
$423,000 = $195,000 + $228,000
Calculation for sales
Sales = variable cost + contribution margin
Sales = $180,000 (9,000 x $20) + $423,000 (as computed above)
Sales = $603,000
The calculation for sales unit Per price
$603,000 / 9,000 units = $67 per unit.
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_____ can influence _____ due to the impact that _____ can have on _____. Select one:
A. perceptions; decision making; biases; attitudes
B. attitudes; decision making; biases; perceptions
C. biases; decision making; perceptions; attitudes
D. biases; perceptions; decision making; attitudes
E. perceptions; biases; attitudes; decision making
Biases can influence perceptions due to the impact that decision making can have on attitudes.: D. biases; perceptions; decision making; attitudes.
How biases can influence perceptions?Biases can influence perceptions, which can in turn influence decision making. Attitudes also play a role in this process, as they can be shaped by our perceptions and biases, and they can influence our decisions.
Thus, all four elements, biases, perceptions, attitudes, and decision making, are interrelated and can impact one another.
Therefore the correct option is D.
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Brower corporation owns a manufacturing plant in the country of Oust. On December 31, 20X1, the plant had a book value of $5,000,000 and an estimated fair value of $8,000,000. Oust's government has clearly indicated that it will expropriate the plant during the coming year and will reimburse Brower for only 40% of the plant's estimated fair value.
Required:
What journal entry (if any) should Brower make on December 31, 20X1, to record the intended expropriation? (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
The journal entry is Brower make on December 31, 20X1, to record the intended expropriation as: Estimated loss on expropriation of foreign plant (Dr.) and Allowance for estimated loss on foreign plant (Cr.).
What do you mean by Journal Entry?
An entry in your journal serves as a record of a transaction in your company's books. For every transaction, at least two journal entries must be made in double-entry bookkeeping.
A bookkeeper records all of the changes that a transaction can bring about in a firm because they can be rather numerous.
Here,
Estimated loss = 5 million - 3.2 million
Estimated loss = $1.8 million
Therefore, the journal entry is Brower make on December 31, 20X1, to record the intended expropriation as:
Estimated loss on expropriation of foreign plant (Dr.) 1,800,000
Allowance for estimated loss on foreign plant (Cr.) 1,800,000
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suppose that a steel factory emits a certain amount of air pollution, which constitutes a negative externality. if the market does not internalize the externality,Select one:
a. the supply curve would adequately reflect the marginal social cost of production.
b. consumers will be required to pay a higher price for steel than they would have if the externality were internalized.
c. the market equilibrium quantity will not be the socially optimal quantity.
d. producers will produce less steel than they otherwise would if the externality were internalized.
The situation that will happen if the market does not internalize the externality is c. the market equilibrium quantity will not be the socially optimal quantity.
In the term of economic, Market equilibrium generally can be defined as a market state where the supply in the market is equal to the demand in the market. In the other side, The equilibrium price generally can be described as the price of a good or service when the supply of it is equal to the demand for it in the market. The market equilibrium has a function to measure and maintain result prices become stable.
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Nolan Corporation has outstanding convertible bonds with a face value of $15,000 and a current book value of $17,500. Each $1,000 bond is convertible into 25 shares of common stock (par value $5 per share). All the bonds are converted into common stock on June 1 when the market value of Nolan’s common stock is $50 per share.
According to the question, the journal entry recorded as Bonds Payable (Dr.) $ 15,000, Premium on bonds payable (Dr.) $ 2,500 and Common stock (Cr.) $ 1,875, Additional paid in capital (Cr.) $ 15,625.
What do you mean by book value?The net difference between a company's total assets and total liabilities is known as its book value, which reflects the total value of the company's assets that shareholders would receive in the event of a liquidation.
The unamortized premium that needs to be amortized when retiring or converting the bonds is indicated by a book value higher than face value.
According to the book value technique, the discrepancy between the face value of shares and the book value of bonds is recorded as additional paid-in capital, and no gain or loss is realized.
Therefore, the journal entry recorded as:
Particulars Dr. Cr.
Bonds Payable $ 15,000
Premium on bonds payable $ 2,500
Common stock (15 × 25 × $ 5) $ 1,875
Additional paid in capital ( $ 17,500 - $ 1,875) $ 15,625
[To record the conversion of bond]
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Alice needs a new cell phone, but is anxious about which phone she should buy. Many of her friends own popular phone models but complain about lost calls, short battery life, and poor predictive text functionality. While she has identified several attractive phone models, she doesn't feel like she can really try the phones out in such an artificial setting and is nervous that she might pick a phone that doesn't work as well as she had hoped. Alice perceives ______ associated with the purchase of a new phone.
Alice perceives Functional risk associated with the purchase of a new phone.
At the point when another client purchases your product or administrations, they presumably have no foundation regarding regardless of whether it works. This is particularly valid for new products that are sent off into the marketplace. Individuals purchase things to take care of an issue or to fill a need. For instance, in the event that you are selling another clothing cleanser that gets every one of the messes out, the consumer could address assuming this is valid. Quite possibly the client purchases your product yet it gets no stains out. This is a perceived functional risk.
Generally, risks can be arranged into three sorts: Business Risk, Non-Business Risk, and Financial Risk
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able company owes interest on a note for a loan. the note is dated december 1 and is due on february 1. on december 31, interest expense should be accrued for the following period:
On December 31, interest expense should be accrued for the period from December 1 to December 31 for the loan.
Interest on a loan is typically calculated based on the amount of the loan and the interest rate, and it accrues over time. When the loan is due on February 1, the borrower is responsible for paying the full amount of interest that has accrued from the date of the loan (December 1) up to the due date.
However, in accrual accounting, interest expense is recognized when it is incurred, even if payment has not yet been made. This means that on December 31, even though the loan is not due until February 1 and the interest payment has not yet been made, interest expense should be accrued for the period from December 1 to December 31.
By recognizing the interest expense on December 31, the company is accurately reflecting the financial impact of the loan on its financial statements and providing a more accurate picture of its financial health.
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ssume instead that the government imposes an excise tax on consumers. how will the tax affect each of the following?
The given question is incomplete hence I am giving genral answer to the question .An excise tax is a tax on a specific good or service, and its impact can vary depending on the nature of the market and the goods or services being taxed.
Here's how an excise tax may affect various aspects of an economy:Consumers: Consumers will face higher prices for the taxed goods or services, which can reduce their purchasing power and lead to decreased demand for those goods and services.
Producers: Producers of the taxed goods or services will have to pay the tax, which can increase their costs and reduce their profits. However, they may also pass on some or all of the tax to consumers in the form of higher prices.
Government revenue: The government will collect revenue from the excise tax, which can be used to fund public goods and services.
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100 POINTS PLEASE HELP Which account will not appear on a post closing trial balance?
A. accounts receivable
B. accounts payable
C. cash
D. expenses
Answer:
The correct answer is D. expenses.
Explanation:
A post-closing trial balance is a list of all the accounts and their balances after adjusting entries have been made and closing entries have been posted to the general ledger. It is used to verify that the debits and credits are equal and that all temporary accounts have been closed out.
Expenses are temporary accounts that are used to record the costs of goods and services that a business uses up during the accounting period. At the end of the period, these accounts are closed out to the income summary account and then to retained earnings. As a result, expenses do not appear on the post-closing trial balance because they have been closed out and their balances have been transferred to the retained earnings account.
On the other hand, accounts receivable, accounts payable, and cash are all permanent accounts that are not closed out at the end of the accounting period. These accounts reflect ongoing business operations and continue to be recorded and reported on the company's financial statements. Therefore, they would appear on the post-closing trial balance.
What lump-sum amount of interest will be paid on a $20,000 loan that was made on May 1, 2020, and repaid on August 1, 2020, with ordinary simple interest at 10% per year?
Answer:
The lump-sum amount of interest paid on a $20,000 loan that was made on May 1, 2020 and repaid on August 1, 2020 with ordinary simple interest at 10% per year is $600.
Johnny Appleseed and Company ships all of the apples from its orchards in the Pacific Northwest to a single buyer in japan. The firm's entire profits are derived from this international transaction. Johnny Appleseed and Company is not a multinational corporation. True/False?
The given statement, "Johnny Appleseed and Company ships all of the apples from its orchards in the Pacific Northwest to a single buyer in japan. The firm's entire profits are derived from this international transaction. Johnny Appleseed and Company is not a multinational corporation," is true (T) because it only operates in one country, the United States
Johnny Appleseed and Company only exports its goods to a single buyer in Japan, lacking the characteristic of multiple national operations and the complex organizational structure of a multinational corporation.
A multinational corporation (MNC) is defined as a company that operates in multiple countries and has a complex organizational structure with divisions and subsidiary companies in different countries. These companies often engage in cross-border transactions and have a significant impact on the global economy.
On the other hand, Johnny Appleseed and Company only operates in the United States and exports its goods to a single buyer in Japan. It is a single-nation company and lacks the multiple national operations and complex organizational structure of an MNC.
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Which of the following is true about secondary data?A) It is always current and, unlike primary data, it does not have to be updated.B) Unlike primary data, it can be obtained by using direct surveys and questionnaires by thecompany.C) It cannot provide extra information a company is looking for.D) It can be obtained more quickly and at a lower cost than primary data.E) It requires more effort compared to gathering primary data.
The correct statement for the secondary data is: It can be obtained more quickly and at a lower cost than primary data (option D)
Secondary data is information that has previously been gathered from primary sources and made easily available for use by researchers in their own research. It is a type of data that has previously been collected.
One of the benefits of secondary data is its low cost. It saves both time and money. It saves you time. It aids in making primary data collection more particular because secondary data allows us to identify gaps and shortcomings, as well as what more information needs to be acquired.
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Suppose you are a costume manufacturer. You have been producing more products than needed in the summer, so that you would have enough inventory to meet the demand in October. In this scenario, you would be using which of the following strategies to meet market demand?
a. Level strategy
b. Chase strategy
c. Hyper strategy
d. Buffer strategy
Option a is Correct. Consider that you produce costumes. In order to have adequate inventory to fulfill demand in October, In this case, you would be utilizing the Level method to satisfy consumer demand.
You have been creating more products than necessary over the summer. Business-level strategies look at how businesses compete in a certain sector. Executives at companies decide if their source of competitive advantage is based on pricing or distinctiveness, and whether their operational focus is on a wide or narrow market, which results in the development of such strategies.
The corporate level, the business level, and the functional level are the three levels at which strategy can be created. The corporate level is where your organization's overall strategy is developed. Corporate strategy involves choices.
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Innovative ideas may someday lead to a new way of addressing significant marine issues. Which of the following should be considered when evaluating the costs and benefits of a new innovative process?
I. Efficiency
II. Impact on environment
III. Maintenance and recurring costs
All three should be considered when evaluating the costs and benefits of a new innovative process.
Efficiency, impact on environment, and maintenance and recurring costs are all important factors to consider when developing and evaluating new processes. Efficiency should be measured in terms of time and resources used, while the impact on the environment should be assessed in terms of potential pollution or other forms of ecological damage. Maintenance and recurring costs should also be taken into consideration, as they can have a significant effect on the overall cost-effectiveness of the process.
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(01.04 LC)
A demand curve that shifts to the left indicates a(n) (5 points)
O increase in demand
O decrease in demand
O increase in supply
O decrease in supply
A demand curve that shifts to the left indicates a decrease in demand.
What is demand curve?
A demand curve in economics is a graph that shows the relationship between the cost of a certain good and the quantum of that good that's asked at that cost. Demand angles can be used to both the price- volume connection for a single consumer and for all consumers in a given request. Demand angles are generally allowed to pitch over, as the following visual demonstrates. This is due to the law of demand, which states that when prices increase, smaller people will buy a given quantum of a good.
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FILL IN THE BLANK. a firm's ___ relates to its ability to create value for customers (v) while containing the cost to do so (c).
It may be drawn to a conclusion that the strategic abilities of a firm are related to their abilities of creating value for their customers (V), while also containing the cost to do the same (C).
The value of the customer is essentially dependent upon the strategic abilities adopted by a firm in the regular course of its business. Thus, there has to be a condition wherein the cost of bringing values to the customers of the firms are also taken into consideration by giving them a high level of importance within the organizational environment.
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When the tone of a business message is ______, there is an implied interest in the opinions and needs of the audience.
When the tone of a business message is welcoming there is an implied interest in the opinions and needs of the audience.
A business message should be relaxed, friendly, and conversational, whether sent by phone or email. It's crucial that you speak in a warm, engaging tone that motivates the listener to respond.
A crucial aspect of corporate communication is being concise. Try to convey your thoughts or worries in as few words as possible while still being respectful. Avoid utilizing lengthy language, run-on sentences, and repeating content.
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T/Fin the project evaluation phase of the new products process, a full screen uses a scoring model of some type and results in a decision to either undertake development or quit.
During the project review phase of the new product development process, a full screen employs some sort of scoring model and resulting in a choice to proceed with development but never to quit.
The "fuzzy front end" of the innovative product development and commercialization process is often referred to.
The goal should be to develop a large number of worthwhile ideas that will serve as the backbone for the New Product Innovation approach.
This phase is not about coming up with foolproof concepts that are ready to go. Instead, unproven and uncooked ideas that can be refined later should be shared.
When an issue has been recognized, it is time to consider potential solutions. There should be possible New Product Development opportunities for every consumer concern.
Make a comparison chart that lists all of the challenges and solutions that were shortlisted. Distribute the findings around the organization to create a viable problem set.
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True or false: A predetermined overhead rate of $50 per direct labor hour means that the total cost of direct labor and indirect cost equals $50 per hour.
The given statement "A predetermined overhead of $50 per hour means that the total cost of direct and indirect cost equals $50 per hour" is False , because, overhead rate is the amount of only indirect cost.
A predetermined overhead rate of $50 per direct labor hour is the amount of indirect cost (also known as overhead) that is expected to be incurred for every hour of direct labor. The predetermined overhead rate is used to allocate indirect costs to the products or services being produced.
However, the predetermined overhead rate of $50 per direct labor hour does not mean that the total cost of direct labor and indirect cost equals $50 per hour. The total cost per hour will include both the direct labor cost and the indirect cost.
For example, if the direct labor cost is $20 per hour, the total cost would be $20 + $50 = $70 per hour. The total cost per hour will vary depending on the specific circumstances of the business.
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sisson watch company has the following estimates, per 1,000 units produced and sold, for the upcoming year:
The minimum price that Sisson Watch Company must charge in the long run is $850. hence option (c) is the answer.
What advantages do minimal prices offer?If minimum prices are set higher than the present equilibrium price, consumers will demand less, forcing the market price to rise to a higher level. Consumer demand for the commodity or service will probably decline. To increase the income of producers, minimum pricing is implemented. The selling price for this kind of pricing is the lowest price at which a business may offer its goods for sale. Over time, the guaranteed minimum prices alter incentives. Farmers are encouraged to increase production when a high price is assured, which results in larger supply gluts than intended. This indicates that the expense of upholding the minimal price is greater than anticipated.
Given:
The minimum price = Total cost ÷ Number of units
= 500,000 + 200,000 + 55,000 + 45,000 + 30,000 + 20,000 ÷
= 850000 ÷ 1000
= 850
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The complete question is:
Sisson Watch Company has the following estimates, per 1,000 units produced and sold, for the upcoming year:
Total revenues
$2,000,000
Variable manufacturing costs
$500,000
Fixed costs
$200,000
R&D costs
$55,000
Marketing and administration costs
$45,000
Other operating costs
$30,000
Fixed marketing costs
$20,000
What is the minimum price Sisson Watch Company must charge in the long run?
(a) $630
(b) $1,000
(c) $850
(d) $1,660
What is the net income from the following: Revenues, $11,300; Liabilities, $3,300; Expenses, $3,700; Assets, $18,800; Dividends. $1,400 0
With $11,300 in revenue, $3,300 in liabilities, $3,700 in expenses, $18,800 in assets, and $1,400 in dividends, then the net income is $6,100.
The net income is calculated as Revenues minus Expenses minus Dividends, which is:
$11,300 - $3,700 - $1,400 = $6,100.
It's important to note that Assets and Liabilities are not directly taken into account when calculating net income, as they are not expenses or revenues.
Assets represent the resources a company owns, while liabilities represent the debts a company owes. However, both Assets and Liabilities can impact a company's financial health and its ability to generate income in the future. Assets can provide a source of revenue or be sold to generate cash, while liabilities can increase expenses or reduce a company's ability to invest in growth.
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which of the following explains the relationship between the price level and real output along the aggregate demand curve?
A lower price level reduces consumers confidence and consumption best explains the relationship between the price level and real output along the aggregate demand curve. The correct option is E.
The aggregate demand curve shows the relationship between the price level and the real output demanded by households, firms, and governments. When the price level decreases, consumers tend to feel more confident in their ability to purchase goods and services, which leads to an increase in consumption.
This increase in consumption drives up demand for goods and services, which results in an increase in real output. On the other hand, if the price level increases, consumers may become more hesitant to spend, leading to a decrease in consumption and a corresponding decrease in real output.
The relationship between the price level and real output along the aggregate demand curve is influenced by various factors, including consumer confidence, expectations about future prices, interest rates, and wealth effects.
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Complete question is:
Which of the following best explains the relationship between the price level and real output along the aggregate demand curve?
A) A higher price level increases the value of real assets.
B) A higher price level increases the relative price of imports.
C) A lower price level reduces the real interest rate and increases investment
D) A higher price level increases consumers' wealth and consumption
E) A lower price level reduces consumers' confidence and consumption.
LAST QUESTION HELP PLEASE 35 POINTS Following the accounting cycle, what would an accountant make right after adjusting entries?
A. an adjusted trial balance
B. a worksheet
C. a post-closing trial balance
D. a trial balance
Answer:
an accountant would make an adjusted trial balance right after adjusting entries.
Explanation:
Following the accounting cycle, an accountant would make an adjusted trial balance right after adjusting entries.
Adjusting entries are made at the end of an accounting period to update the account balances and bring into conformity with the accrual basis of accounting. Once adjusting entries have been recorded, the accountant prepares an adjusted trial balance. The adjusted trial balance is a list of all the accounts in the ledger and their updated balances after adjusting entries have been made.
It is called an adjusted trial balance because it takes into account the adjustments that have been made. The purpose of the adjusted trial balance is to ensure that the total debits still equal the total credits after the adjusting entries have been made. If the adjusted trial balance does not balance, the accountant must review the accounts and make any necessary corrections before preparing the financial statements.
Answer:
Following the accounting cycle, an accountant would make an adjusted trial balance right after adjusting entries.
Explanation:
The list of all accounts and their balances in the adjusted trial balance remains after adjusting entries have been made. While creating financial statements like the income statement, statement of retained earnings, and balance sheet, it is used to make sure that all of the debits and credits balance out.
A worksheet is a tool to prepare to adjust entries and financial statements, but it is not an official accounting document.
When the closing entries have been made, a post-closing trial balance is created to ensure that all temporary accounts have been closed and that the total debits and total credits balance out.
A trial balance is used to ensure that the total debits and credits balance out at a particular point in time, typically near the conclusion of the accounting month.
Hope it helps!True/Falsebusiness intelligence (bi) uses scorecards and dashboards to support decision-making activities, whereas business analytics (ba) uses data mining tools and predictive modeling.
It is true that business intelligence (bi) uses scorecards and dashboards to support decision-making activities, whereas business analytics (ba) uses data mining tools and predictive modelling.
What is business intelligence?Business intelligence (BI) refers to the procedural and technical infrastructure that collects, stores, and analyzes the data produced by a company’s activities. BI is a broad term that encompasses data mining, process analysis, performance benchmarking, and descriptive analytics. BI parses all the data generated by a business and presents easy-to-digest reports, performance measures, and trends that inform management decisions.
Self-service BI is an approach to analytics that allows individuals without a technical background to access and explore data.
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Which of the following situations is expected to enhance the use of targeted advertising messages by marketers?A. rising global inflation ratesB. increase in derived demand in the marketC. inadequate quality controlD. increase in ethnic populationsE. low advertising budgets
Situations which expected to enhance the use of targeted advertising messages by marketers is D. increase in ethnic populations.
The Purpose of an AdvertisementThe pattern of presentation and content of advertisements is very diverse, which in this context is divided into 2 parts, namely consisting of strategic advertisements and tactical advertisements.
Strategic advertising has the aim of building a positive brand and image of a company with the aim of making the name of a company good in the eyes of the public.
Meanwhile, tactical advertising aims to encourage consumers to immediately make contact with certain brands. Such as invitations to buy certain products and do or not do something.
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