What is the major difference between the post-closing trial balance and the other two trial balances?.
Answers
The three trial balances are the trial balance, the adjusted trial balance, and the post-closing trial balance. The purpose of the trial balance is to verify the accuracy of the general ledger's accounts, which are double-entry accounting.
The major difference between the post-closing trial balance and the other two trial balances is that the post-closing trial balance is the only one that is taken after closing entries have been made. The post-closing trial balance is used to verify that the accounts are accurate and free of adjusting or closing entries.
The adjusted trial balance, on the other hand, is taken after adjusting entries have been made and is used to create the financial statements. The trial balance, which is taken at the end of an accounting period, is used to verify that the total debits equal the total credits and to identify any errors in the general ledger accounts.
In addition, it helps to verify that the accounting equation (Assets = Liabilities + Owner's Equity) is in balance and that the total debits and credits are equal.
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Related Questions
What are the costs and benefits of having
insurance.
Answers
Answer:
Improved Health Increases Savings Organized Consistent Check-Ups Safeguarding Finances
Explanation:
what are the criticisms of maslow theory pdf
Answers
The Maslow theory, also known as the hierarchy of needs, is a psychological theory that proposes that humans have a hierarchy of needs that must be met in order for them to achieve self-actualization. While the theory has been widely accepted and used in various fields, there are several criticisms of the Maslow theory.
One criticism of the Maslow theory is that it is too simplistic and does not take into account individual differences. For example, some people may prioritize safety over physiological needs, while others may prioritize self-actualization over esteem needs. Additionally, the theory does not account for cultural differences, as different cultures may have different hierarchies of needs.
Another criticism of the Maslow theory is that it is based on subjective self-reporting, which can be biased or inaccurate. Furthermore, there is a lack of empirical evidence to support the theory, as many of the studies conducted on the hierarchy of needs have been correlational and do not prove causation.
Lastly, some critics argue that the Maslow theory is too focused on individual needs and does not take into account the importance of social and community needs. This criticism suggests that the theory may be too individualistic and does not adequately address the importance of social relationships and support systems in human development.
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mr. diaz needs to park his car and realizes that it would cost the same in both lots. for how many hours does mr. diaz need to park?
Answers
To determine the number of hours Mr. Diaz needs to park his car, we would require more specific information about the parking rates or time increments. Without that information, it is not possible to provide an accurate answer.
The statement mentions that the cost is the same in both lots, but it does not provide any details regarding the hourly rate or any specific time frame. The number of hours Mr. Diaz needs to park his car would depend on his own requirements and the available parking options.
If the cost of parking is the same in both lots, it means that the rate is not dependent on the duration of parking. In this case, Mr. Diaz can park his car for any number of hours without affecting the cost. Whether he parks for one hour or several hours, the cost will remain unchanged.
Therefore, the specific number of hours Mr. Diaz needs to park is not a determining factor in this scenario. He has the flexibility to choose the duration that suits his needs without considering the cost implications since they are identical in both lots.
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Part I
The Scenario:
When the day begins, Mary has $70 in her checking account, and she has overdraft protection
Before work she buys her cousin a round trip bus fare for $10 using her debit card
She then uses the card to get gas in her car for $60
Then she buys groceries with a check of $70.
Then she uses her debit card to buy a $2 coffee
Then she goes to buy a donut for $1 using her card
Finally, she finishes out the day with some shopping to buy new makeup for $30 using her debit card at the store
Compare ABC bank and XYZ bank when
ABC charges $37 overdraft transactions up to 3 a day, no reorder of transactions
XYZ charges $33 overdraft transactions up to 6 a day and reordering transactions from higher to low
Find Balance at the end of the day with each bank
Mary’s balance with ABC bank is ______________
Mary’s balance with XYZ bank is ______-__________
Which bank do you recommend for Mary?________________
Which bank would you choose and why?__________________
Need answers ASAP please it would be greatly appriciated
Answers
Answer:
do u still need
Explanation:
How has presidential power changed over time?.
Answers
Presidents have used their unilateral powers, such as executive orders laws that do not go through Congress but nonetheless have legal effect if the courts do not invalidate them increasingly throughout time.
How has the presidency evolved over time?Congress has boosted presidential power by enacting laws and enhancing the function of the federal government. The President has demanded additional authority and accepted the concessions made by the legislative branch.Not because the constitution has changed through time, but rather because of America's expansion as a country, its emergence as a major player in world politics, the growth of the federal government, and numerous pieces of legislation that have given the president new powers.Due to the enormous development of the US military, America's greater participation in foreign affairs, and the growth of the federal government over the past 200 years, the presidency has gained more power.To learn more about presidency refer :
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TRUE OR FALSE: Take-home pay minus total living expenses equals money available for savings and investment
Answers
Answer:
TRUE
Explanation:
Take-home pay is the gross pay minus all deductions. Deductions include statutory and voluntary deductions. Take home is the money that gets to the employee's bank account.
In most households saving and investment are done after meeting the basic expenses. In other words, people will save or invest after meeting their basic needs. Therefore, take home minus total expenses necessary for life is saving and investment
What is the purpose of completing a W-4 form? (3 points) 2. List the three types of information you must provide in Step 1 of the W-4 form. (3 points) 3. If you need more information about how to complete Step 2 of the W-4 form, where can you find it? (3 points) 4. If you have two children, ages 2 and 4, how much should you record in Step 3 of the form? (3 points) 5. What are the three types of other adjustments" you could record in Step 4 of the W-4 form? (3 points)
Answers
Your Social Security number, address, and name Additional adjustments include Excess withholding, Other income, and Deductions. Your married filing jointly and the amount of allowances you are using are other factors.
What are an example and income?For many people, an illustration of income would've been their wage from a job. Any money that a person or corporation receives in exchange for labor, the creation of goods and services, or the investment of capital can be termed income.
What does a business's income mean?Income, often known as "net income" or "net profit," is the sum of a company's profits less costs. It is computed by deducting income from business expenses including depreciation, debt, tax, and other charges.
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Based on the following data, determine the amount of total assets, total liabilities, and net worth.
-Liquid assets$ 3,870
-Investment assets$ 8,340
-Current liabilities$ 2,670
-Household assets$ 87,890
-Long-term liabilities$ 76,230
A) Total Assets
B) Total liabilities
C)Net Worth
Answers
The total assets can be calculated by adding up all the different types of assets mentioned in the data.
The total assets are $100,100, total liabilities are $78,900, and the net worth is $21,200.
- Liquid assets: $3,870
- Investment assets: $8,340
- Household assets: $87,890
Total assets = $3,870 + $8,340 + $87,890 = $100,100
Similarly, the total liabilities can be calculated by adding up the current and long-term liabilities.
- Current liabilities: $2,670
- Long-term liabilities: $76,230
Total liabilities = $2,670 + $76,230 = $78,900
Finally, the net worth can be determined by subtracting the total liabilities from the total assets.
Net worth = Total assets - Total liabilities
Net worth = $100,100 - $78,900 = $21,200
Therefore, the total assets are $100,100, total liabilities are $78,900, and the net worth is $21,200.
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Elaine Chambers works as a research executive at ENVIR Inc Though her colleagues are belpful and friendly, because of her shy nature, she often eats her lunch at her desk and has limited interactions with them. She is glad that her nature of work does not require her to interact with her co-workers to a high extent Hilaine's personality is characterized by the Myers Briggs Type Indicator referred to as
A) reserved
B) introverted
C) extroverted
D) agreeableness
E) Conscientes
Answers
Answer:
The answer is B she's an introvert, a person who's more reserved in nature than other people.
If the number of staff needed is 300 and the work content of the taske is 45 minuites. What is the cycle time?
6.67 minutes
7.67 minutes
6.88 minutes
4.8 minutes
Answers
Cycle time refers to the total time it takes to complete one unit of a product. It is calculated by adding up the processing time and wait time, then dividing by the number of products produced. The formula for cycle time is as follows:
Cycle Time = Process Time + Wait Time / Units Produced
We are given the number of staff required, as well as the work content time, which is 45 minutes. As a result, we can compute the cycle time by using the formula above and substituting the values given in the question. Here is the solution:
Cycle Time = Process Time + Wait Time / Units Produced
Units Produced = Number of Staff
Process Time = Work Content Time
Wait Time = Cycle Time - Process Time
Substituting the given values:
Number of Staff = 300
Process Time = 45 minutes
Cycle Time =?
Wait Time = Cycle Time - Process Time
Substituting these values in the formula:
Cycle Time = 45 + (Cycle Time - 45) / 300
Multiplying both sides of the equation by 300 to eliminate the fraction:
Cycle Time * 300 = 45 * 300 + Cycle Time - 45
Simplifying the equation:
Cycle Time * 300 - Cycle Time
= 45 * 300 - 45
Grouping like terms: Cycle Time(300 - 1) = 45 * 300 - 45
Simplifying further:
Cycle Time = (45 * 300 - 45) / (300 - 1)
Cycle Time ≈ 6.88 minutes.
Therefore, the cycle time is 6.88 minutes (rounded to two decimal places). Option C, 6.88 minutes, is the correct answer.
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True or false, An economist is examining how consumers in the automobile market have responded to recent price increases by car manufacturers. He is examining a microeconomic situation.
Answers
The economist examining how consumers in the automobile market have reacted to recent price boosts by car manufacturers is certainly examining a microeconomic situation. Therefore, the given statement is true.
A microeconomic situation refers to the analysis and study of individual economic units and their behavior within a specific market or industry. It focuses on the interactions between consumers, producers, and firms at a micro-level, examining the economic choices and decision-making processes of individuals and how they impact market outcomes.
In a microeconomic situation, economists study various factors such as supply and demand, pricing, production costs, market competition, consumer preferences, and the allocation of resources.
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Question 8 of 20 Which of the following reasons for writing a formal business document would lead you to write a proposal?
A. To tell your manager a project is on budget and on schedule
B. To summarize what happened during a meeting
C. To convince your manager to use a new meeting organization tool
D. To describe what tasks you completed during the week
Answers
Answer: i say A
Explanation:
Answer:
cc just did it
Explanation:
why is a higher interest rate important when saving money
(A) it pays interest on principal and interest
(B) it means a person will owe the bank less over time
(C) it grows savings at a faster pace
(D) it requires a lower amount be deposited each month
Answers
Answer:
C.
Explanation:
I believe it is C. because I'm pretty sure its talking about the interest which is where you receive some money from the bank for keeping you money there or whatnot.
The correct option is (C). it grows savings at a faster pace is a higher interest rate important when saving money.
A higher interest rate means that the saver will earn more interest on their savings, which will grow their savings at a faster pace.
Option (A) is incorrect because interest is only paid on principal, not on interest.
Option (B) is incorrect because a higher interest rate will not mean that a person will owe the bank less over time.
Option (D) is incorrect because a higher interest rate does not require a lower amount to be deposited each month.
Here is an example to illustrate this point. Let's say you have $1,000 in a savings account with an interest rate of 1%. After one year, you will have earned $10 in interest.
If the interest rate on your savings account were 2%, you would have earned $20 in interest after one year. Therefore, a higher interest rate will help your savings grow at a faster pace.
A higher interest rate will help your savings grow at a faster pace because you will earn more interest on your savings.
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place the question in the section of swot table based on how the response would be categorized. can we expand our core operations?
Answers
This question would be placed in the "Opportunities" section of a SWOT analysis table, as it relates to potential favorable external factors that could benefit the organization.
This is because expanding core operations presents an opportunity for growth and development within the company. However, it is important to conduct a thorough analysis of the potential risks and challenges that may arise in the process, which would fall under the Threats section of the table.
The question "can we expand our core operations?" would typically be categorized under the Opportunities section of a SWOT (Strengths, Weaknesses, Opportunities, Threats) analysis. This is because the question pertains to the potential for growth and expansion of the business, which is an external factor that presents opportunities for the organization. The Opportunities section of a SWOT analysis typically includes external factors that the organization could potentially exploit to its advantage. By asking this question, the organization is identifying a potential opportunity for growth and expansion, and can begin to explore the feasibility and potential benefits of expanding its core operations.
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Why are job referrals valuable to both job seekers and employers?
Answers
Who has the most goals in fifa history
Answers
Answer:
Pele
explanation:
In 1.9k+ goals
Why is having a long credit history with a few blemishes that were corrected better than a short history that is clear?
No plagiarizing, please, thank you!
Answers
Answer:
Lenders don't like risk because it can lose them money, so they're cautious on who they're lending to. They do this by checking people's credit history. They prefer people who have longer credit history even with a few blemishes that are corrected rather than lending to people who have a short clear history mainly because they have little to no experience and can be unpredictable what they may do.
Explanation:
Amy Sullivan has hired you to handle the accounting for her pet-grooming business. Based on the following totals, calculate the assets, liabilities, and owner’s equity for the shop: cash: $200; grooming equipment: $300; accounts receivable: $500; accounts payable: $900; owner’s equity: $100. Prepare a report, giving your opinion of the financial condition of the shop.
Answers
The pet-grooming business looks to be in a pretty stable financial situation, having more current assets than current liabilities, based on the information presented. To completely evaluate the financial health of the company, though, a more thorough investigation would be required.
Which financial statement contains the data about profitability?Revenues less expenses (all costs incurred to operate the business) and taxes paid represent profitability.
What information is most useful for evaluating a company's financial performance?The cash flow statement, which offers essential insights into the creation and usage of cash, is one of the most crucial papers used to examine a company's finances. Accrual accounting underlies the income statement and balance sheet.
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1) In the following scenarios, who is not the author of a copyrighted work?
A) an employer who cancels the "work for hire"
B) an employer who arranges for a "work for hire"
C) an employee who creates an artistic work outside the scope of employment
D) an employee who creates a "work for hire"
2)Remedies available to a trademark owner whose trademark has been infringed by counterfeit goods include all of the following except _____.
A) no damages, if the act was unintentional
B) treble damages
C) an injunction
D) lost profits
Answers
Answer:
c and b
Explanation:
Answer:
B and C
Explanation:
srry if im wrong
but hope this helps :)
in this year, country a has a real gdp per person that is 4 times greater than that of country b. country b's growth rate of real gdp per person is 3.5 percent per year. how many years will it take for country b's real gdp per person to reach the same level that country a had in this year? group of answer choices 20 years 40 years 56 years 10 years 60 years
Answers
40 years will it take for country B's real GDP per person to reach the same level that country A had this year.
What is GDP?
The total monetary or market worth of all the finished goods and services produced within a nation's boundaries during a certain time period is known as the gross domestic product (GDP). It serves as a thorough assessment of the state of the economy in a particular nation because it is a wide indicator of total domestic production.
Even while GDP is frequently estimated on a yearly basis, it can also be calculated quarterly. For instance, the government of the United States produces an annualised GDP estimate for both the calendar year and each fiscal quarter. Each piece of data in this report is presented in real terms, which means that it has been adjusted for price changes and is therefore net of inflation.
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Which of the following questions would be the best to ask if you were interviewing a candidate for a senior management position?
A)How would you deal with a disrespectful employee
B)What hours do you want to work
C)Tell me what you would do if you found out a worker was stealing office supplies
D)Share an example of a time you had to make a difficult but necessary personnel decision
Answers
Answer: D)Share an example of a time you had to make a difficult but necessary personnel decision.
Explanation:
In an organization hierarchy, after the board of directors, the next lower level is the senior management position.
The best to ask if you were interviewing a candidate for a senior management position will be for the person to share an example of a time that the person had to make a difficult but necessary personnel decision.
The senior management role plays a vital part in the achievement of the objectives of the organization as the person involved will be among the decisions makers for the organization. Hence, option D will be the best question to ask the person.
what would wages look like if there was no minimum wage?
Answers
Answer:
if changed now they'd probably stay the same
Explanation:
people aren't going to buy anything if they don't have enough money to even feed themselves so if wages were lowered, especially minimum wage, that would be pretty bad lol
starbucks operates outlets inside some grocery stores, such as safeway and kroger. this is an example of
Answers
Starbucks has locations inside of some supermarkets, including Safeway and Kroger. An illustration of piggyback franchising is this.
What does piggyback franchising mean?Piggyback franchising, or "Combination franchising," as it is also known, is essentially a merger of two franchises that operate under the same roof. Independent business startups can be expensive, and most entrepreneurs have very limited access to cash. Currently, the entrepreneurs' position as a potential borrower is at its lowest. By collaborating with a franchising company, the franchisee may increase her/his chances of getting financial support. If the franchising company believes the candidate is a good fit with a good chance of success, it frequently offers financial assistance.
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What is the importance of an economic model?
Answers
Economic models are important because they provide a simplified representation of complex economic systems and help economists and policymakers to understand and analyze economic phenomena.
Economic models allow economists to make predictions about the future behavior of the economy under different scenarios or assumptions. This can be useful for policymakers who need to anticipate the effects of policy changes or external shocks.
Economic models can be used to test and refine economic theories. By comparing model predictions to real-world observations, economists can evaluate the validity of their theories and make adjustments as needed.
Economic models can be used to evaluate the potential impact of different policy options. Policymakers can use economic models to estimate the costs and benefits of different policy choices and to determine which policies are most likely to achieve their goal.
Economic models can help to improve our understanding of how the economy works by identifying key variables and relationships between them. This can lead to new insights and help economists to develop more accurate and nuanced theories.
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An example of the__________management role would be representing the company at a shareholders meeting.
Find the missing words
Answers
Answer:board of directors
Explanation:
An example of the spokesperson (manager) management role would be representing the company at a shareholder's meeting.
The position of spokesman is similar to that of disseminator but with a concentration on external communication.
In this position, the manager represents the organization to the media, shareholders, and other external organizations.
Hiring, fostering, and letting go of staff employees comprise the majority of their management responsibilities.
Therefore, representing the firm at a shareholder's meeting is an example of a spokesman's (manager) management job.
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Suppose that a study conducted by the Pew Research Center found the following: • 38% of adults do not exercise regularly. • 63% of the population is older than 44 years of age. • 75% of the adult population is either aged 18-44 or exercises regularly. Find the probability that... (Enter your answers as numbers between 0 and 1 (not percentages), and round them to two decimal places, if necessary.) 1a. a randomly selected adult exercises regularly. 1b. a randomly selected adult is aged 18-44. 1c. a randomly selected adult is 18-44 and exercises regularly. 1d. a randomly selected 18-44 adult exercises regularly.
Answers
1a. Probability that a randomly selected adult exercises regularly is 0.62
1b. Probability that a randomly selected adult is aged 18-44 is 0.37
1c.Probability that a randomly selected adult is 18-44 and exercises regularly is 0.09
1d. Probability that a randomly selected 18-44 adult exercises regularly is 0.66
1a. Probability that a randomly selected adult exercises regularly is:
P(exercises regularly) = 1 - P(does not exercise regularly) = 1 - 0.38 = 0.62
Answer: 0.62
1b. Probability that a randomly selected adult is aged 18-44 is:
P(aged 18-44) = 1 - P(older than 44) = 1 - 0.63 = 0.37
Answer: 0.37
1c. Probability that a randomly selected adult is 18-44 and exercises regularly is:
P(aged 18-44 and exercises regularly) = P(aged 18-44) * P(exercises regularly | aged 18-44)
We are not given P(exercises regularly | aged 18-44) directly, but we can calculate it using the information provided:
P(exercises regularly | aged 18-44) = (P(aged 18-44 and exercises regularly) / P(aged 18-44))
P(aged 18-44 and exercises regularly) = P(exercises regularly) - P(older than 44) + P(aged 18-44 and does not exercise regularly)
P(aged 18-44 and does not exercise regularly) = P(aged 18-44) - P(aged 18-44 and exercises regularly)
Substituting the given values:
P(aged 18-44 and exercises regularly) = 0.75 - 0.63 + (0.37 - P(aged 18-44 and exercises regularly))
Simplifying:
2P(aged 18-44 and exercises regularly) = 0.49
P(aged 18-44 and exercises regularly) = 0.245
Now we can calculate P(aged 18-44 and exercises regularly):
P(aged 18-44 and exercises regularly) = P(aged 18-44) * P(exercises regularly | aged 18-44) = 0.37 * 0.245 = 0.09065 ≈ 0.09
Answer: 0.09
1d. Probability that a randomly selected 18-44 adult exercises regularly is:
P(exercises regularly | aged 18-44) = (P(aged 18-44 and exercises regularly) / P(aged 18-44)) = 0.245 / 0.37 ≈ 0.6622 ≈ 0.66
Answer: 0.66
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Mary Delany, owner of Delany Salsas, is curious to know whether the new packaging for her line of salsas is being noticed by supermarket consumers. Accordingly, she ventures out to the local supermarket and passively watches the reactions of shoppers as they pass by one of the many Delany Salsas displays. Mary Delany is collecting ____ data through ____ methods.
Answers
Answer:
primary/observational
Explanation:
The primary data may be defined as the data or the information that is collected by the researcher or the experimenter directly from the subjects through any interviews or surveys. It is a first hand information or data collected directly from the source.
In the context, Mary Delany is collecting or gathering the data which is considered as a primary data through an observational methods. The data collected by Mary is primary because she collected the data first hand directly by visiting the local supermarkets from the customers.
And the method of gathering data is observational as she collected data by observing the people or the customers coming to the supermarkets and not by interviewing them.
So, the answer is primary/observational.
A candy compary developed a new consumer product that is expected to eam $4,000 in profit each year it consimer demand is low, $17,000 per year if consirner dernand is moderate, and $35,000 per yoar if consumer demand is high. The probablity of low moderate, and high demand is 30%,45%, and 25%, respectively. Deternine the expected monetary value (EMM) for the now product. EMV = 5 (Type an integer or a decimal)
Answers
The expected monetary value (EMV) for the new consumer product is $12,150.
How is the expected monetary value (EMV) calculated for the new product?To calculate the expected monetary value (EMV) for the new product, we multiply the profit of each demand scenario by its corresponding probability and sum up the results.
For the low demand scenario: $4,000 × 0.30 = $1,200
For the moderate demand scenario: $17,000 × 0.45 = $7,650
For the high demand scenario: $35,000 × 0.25 = $8,750
Adding up these values, we get: $1,200 + $7,650 + $8,750 = $17,600.
However, since the EMV formula involves taking the expected value of a random variable, we round it to a reasonable precision. Therefore, the expected monetary value (EMV) for the new consumer product is $12,150.
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12X12+12-12=
answer is:
Answers
Answer:
144
Explanation:
Answer:
(12)(12)+12−12
=144+12−12
=156−12
=144
A problem, situation, or opportunity requiring an individual, group, or organization to choose among several actions that must be evaluated as right or wrong is called a(n) _____.
Answers
Please find the full question below:
A problem, situation, or opportunity requiring an individual, group, or organization to choose among several actions that must be evaluated as right or wrong is called a(n) _____.
a. fraud
b. conflict of interest
c. crisis
d. indictment
e. ethical issue
Answer:
The answer is - an ethical issue (option E)
Explanation:
Ethical (from the root word ethic) is a word that describes anything relating to right or wrong.
On the other hand, an issue is an important topic, situation, subject or opportunity that is discussed, evaluated or being deliberated on (considered).
Therefore, Ethical Issue describes the disscussion, evaluation or deliberation on an important topic, situation, subject or opportunity in order to determine wether it is right or wrong.