False, the retained earnings account balance in the post-closing trial balance won't be different from the one in the adjusted trial balance.
Making a post-closing trial balance is the last step in the accounting cycle (except reversing entries). Recap: There are three different kinds of trial balancing. Although they are prepared at different points in the accounting cycle, they all serve the same objective, which is to verify that debits and credits are equal.
The balance sheet accounts that have a non-zero balance at the end of your reporting period are all listed in detail in the post-closing trial balance. These accounts were just temporary, and the company has already closed them; the monies in these accounts have already been transferred to the retained earnings account.
On the post-closing trial balance sheet, you won't find any information on revenues, losses, or summary account balances. Any of those items will instead be transferred to the following accounting period if they emerge following the conclusion of the closing process and the computation of the post-closing trial balance.
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Select the correct answer. fiona deposits $2,000 into a savings account. if the fed requires a 20 percent reserve ratio, how much of fiona’s money can the bank lend? a. $400 b. $1,600 c. $2,000 d. $1,200
The amount the the fed require = 20/100 x 2,000 = 400
The maximum sum Fiona's bank can loan is : $ 2,000 - $ 400 = $ 1,600
b. $1,600
The reserve ratio is the percentage of reserve liabilities that commercial banks are required to hold in reserve rather than lend out or invest. This standard is established by the nation's central bank, in this case the Federal Reserve in the United States. It is also referred to as the cash reserve ratio.
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Which documents are generally finished and approved before a project begins? (select three.)
Project plan, budget plan, and resource allocation are the three documents that are generally finished and approved before a project starts.
It generally requires that the documents containing the project plan, budget plan, and resource allocation details are finished and approved before a team begins a project. These documents provide the baseline to successfully complete the project according to its defined plan, budget, and allocated resources.
The project plan document provides a proper plan to ensure the successful completion of a project. The document gives clarity on the responsibilities of team members; defines the scope of the project; lists the processes and procedures involved; identifies the expected outcomes.
The budget plan document contains detailed information about the expenditures and expected revenues associated with the project. This document helps to estimate and track the expenses of the project.
The resource allocation document provides details about equipment/tools, manpower, office space, the time required, and the other facilities needed for accomplishing the various tasks of the project. This document is essential for ensuring teams have adequate access to the resources needed to finish the project effectively.
The complete question is given below:
" Which documents are generally finished and approved before a project begins?
Project PlanProject BudgetResource allocationClosure document "You can learn more about project documentation at
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You are interviewing for an internship with an investment firm. They ask you to come up with the price to charge on a security that makes growing annual payments for 10 years. The first payment is one year from today in the amount of $100 and it grows at 2% per year. The investment firm thinks potential investors have a required return of 9% per year. What is the highest price investors would be willing to pay for this security?.
You are interviewing for an internship with an investment firm. They ask you to come up with the price to charge on a security that makes growing annual payments for 10 years. The first payment is one year from today in the amount of $100 and it grows at 2% per year. The investment firm thinks potential investors have a required return of 9% per year. Growing annual payments for 10 years is the highest price investors would be willing to pay for this security.
My expectations involve having the ability to find out the way to identify business problems, the way to choose investment strategies to handle these issues, and the way to plan and execute the tactics needed to attain these goals.
A chance to talk with former interns from that company to induce their perspective on the internship experience. I would make your investment work much easier. I've got lots of skills that may make me stand out. I'd like you to grant me a chance to let my work represent myself.
And because I pick-up new technologies quickly, I do know I'd be ready to step into my internship investment and make an effect. And, that is what I actually want to try to do in an internship. I would like to create a bearing on my team and supply real value.
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Jill and kelly are architects and members of jill & kelly, p.c., a professional corporation. jill supervises lucy, an employee of the firm. as a member, jill?
may be personally liable for malpractice committed by Lucy.
An architect is a professional whose job is to plan and design building designs. They are highly trained in art and design and generally play a key role in a construction, being a leader to other workers.
In addition, because they are responsible for the safety of building occupants, an architect must have a professional license. Architects are associated with art because they have to make building structures that look unique and have an aesthetic element.
However, more than that, architects are also related to engineering because they must pay attention to the functional, security, safety, and welfare elements of the building. The building in question can be in the form of houses, apartments, buildings, even city parks.
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Calculate income from operations for jonas company based on the following data:
sales $764,000
selling expenses 52,500
cost of goods sold 538,000
The Jonas company operations are $173,500
Explanation:Operating income is income derived from a business's operations, after deducting operating expenses e.g. wages, depreciation, and cost of goods soldOperating income = sales - operating expenses - the cost of merchandise sold$764,000 - 52,500 - 538,000 = 173,500
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On june 1, 2022, spk company signed a $100,000, one-year, 6 percent note payable. Interest and principal are due at maturity. What amount will spk record for interest expense in their december 31, 2022 adjusting entries?.
SPK will record $3500 in interest expense in their adjusting entries for the year ending December 31, 2022. Debit Interest Expense and Credit Interest Payable will be the adjustment entries.
What exactly are interest costs?The expense of interest is related to the price of borrowing money. It is the fee that a lender assesses to a borrower in exchange for using their funds. Interest expense can be the cost of borrowing money from banks, bond holders, and other sources on the income statement.
principal = $1,00,000
Interest = 6%
Time = 7 months
interest expense = 1,00,000 X 0.06 X 7/12
= $ 3500
How are interest expenses calculated?The most simple method to calculate interest expenses is to multiply a company's total debt by the average interest rate on its debts. If a corporation owes $100 million at an average interest rate of 5%, its interest expense would be equal to $5 million ($100 million x 0.05).
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What is one example of a planned economy?
Shy and reserved fall within the _____ factor of the five-factor model; outgoing and sociable describe the _____ factor of the five-factor model.
Answer:
A person's sociable nature is marked by the "extroversion" factor of the five-factor model. The amount of Extroversion factor decides whether the person is shy or outgoing, reserved or sociable.
Explanation:
Five-factor model is a personality assessing model developed by Robert McCrae and Paul Costa. The model focuses on assessing personalities based upon five factors namely, openness, conscientiousness, extroversion, agreeableness, and neuroticism.
Depending upon the level of these factors possessed by the person, their character is assessed. If a person scores high on "Extroversion", they are outgoing and social. On the other hand, if they score less on "Extroversion", they are shy and reserved.
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If a shortage exists in the cantaloupe market, then the current price must be than the equilibrium price. For the market to reach equilibrium, you would expect.
If a shortage exists in the cantaloupe market, then the current price must be lower than the equilibrium price. For the market to reach equilibrium, you would expect buyers to offer higher prices.
Cantaloupe contains Vitamin K and E which help in keeping the skin healthy and radiant. They are also a good source of Vitamin B, choline, and betaine to help keep the skin replenished and rejuvenated. Due to the high content of vitamins A and C, cantaloupes encourage skin regeneration and the formation of collagen.
They both share similar nutritional benefits except for vitamin C and beta-carotene. Cantaloupe contains twice the amount of vitamin C as does honeydew, 61% DV versus 30% DV in honeydew. In vitamin A, Cantaloupe wins again with 68% DV compared to 1% DV in honeydew.
Cantaloupe's anti-aging secret is carotenoids, which allow vitamin A to be formed. Vitamin A maintains cellular health and protects skin from oxidative stress. Oxidation accelerates the internal aging process and manifests itself externally as WRINKLES.
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Sho needs to purchase a dress shirt for an upcoming job interview. He shops at kohl’s and sees that he can choose from different brands, including apt. 9, chaps, arrow, croft & barrow, and many more. The dress shirts come in a variety of colors, materials, and price points. Which type of competitor structure is illustrated?.
Monopolistic competition competitor structure is illustrated in the given situation .
What is meant by monopolistic competition?
Monopolistic competition occurs when a firm with many potential competitors tries to discover a marketing strategy to differentiate its product. the manufacturers of the dress shirts dividing them by style and color, materials, and price.
Is monopolistic market good for consumers?
Monopolies are generally considered to be poor for consumers and thereafter the economy. When markets are over ruled by a minute number of big players, there is a danger that these players can misuse their power to increase prices to customers.
What is a major feature of monopolistic competition?
An important feature of monopolistic competition is that firms incur a considerable expenditure on advertisements and other selling costs to advertise the sales of their products. Promoting sales of their products through advertisement is a important instance of non-price competition.
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Can an opinion be wrong? Isn’t everyone entitled to an opinion?
Answer:
Yes
Explanation:
An opinion can indeed be wrong unless you based if of scientific facts and have evidence to back up your opinion. Everyone is indeed entitled to an opinion but not everyone listens to everyone’s opinion that is not backed up with facts.
Within the relevant range, a cost that changes in direct proportion to changes in the activity level is a ______ cost.
The arithmetic association relationship between a college student and college courses would be expressed as?
The arithmetic association relationship between a college student and
College courses would be expressed as 1 0..*
What is relational algebra?
Relational algebra is a theory used in database theory that models data and defines queries on it using algebraic structures with sound semantics. Edgar F. Codd developed the theory.Relational algebra is primarily used to provide a theoretical framework for relational databases, especially query languages for such databases, the most popular of which is SQL. Tabular data represented as relations are stored in relational databases. Tabular data represented as relations are frequently returned by queries over relational databases.Relational algebra's main objective is to define the operators that convert one or more input relations into an output relation. These operators can be combined and used to express potentially complex queries because they accept relations as input and produce relations as output.
Unary operators accept a single relation as input; examples include those that filter specific attributes (columns) or tuples (rows) from the relation.Two relations are accepted as inputs by binary operators, which combine the two relations into a single output relation by, among other things, taking all tuples found in either relation, removing tuples from the first relation found in the second relation, extending the tuples of the first relation with tuples in the second relation meeting certain conditions, and so on.
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The breakeven volume is the quantity for which the unit cost is minimized.
a. true
b. false
the answer is false
so , option b
Jason's fish factory has total assets of $50,800, fixed assets of $47,400, long-term debt of $36,300, and total debt of $42,900. if inventory is $1,200, what is the current ratio?
The current Ratio is 0.52.
The current ratio is a liquidity ratio that measures a company's ability to pay its short-term or one-year obligations. Investors and analysts show how the company is maximizing working capital on its balance sheet to pay down ongoing debt and other liabilities. The current ratio measures a company's ability to pay its short-term debt maturities within one year.
The current ratio relates a company's total liquid assets to its short-term liabilities. Values between 1.5 and 3 are generally considered good liquidity ratios. This ratio is used to assess whether a creditor can provide short-term debt to a company. It also provides information about the company's operating cycle. It demonstrates a company's ability to convert assets into cash to pay off current liabilities. In theory, a high liquidity ratio indicates that the company has sufficient liquidity to easily repay current liabilities from current assets.
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Guys I need a little bit of help, please!
Desean sets up his zero based budget and has $175 left after he assigns all of his expenses to each category. What would be a good category for him to put that money in?
An automobile company decides to improve the quality of its products and bring more variety into its entire product line. The company has decided to adopt ________.
An automobile business enterprise comes to a decision to enhance the excellence of its merchandise and bring more range into its entire product line. The employer has decided to adopt: industry-wide differentiation.
A vehicle is a motor automobile this is designed or adapted specifically to hold people on highways and streets and has a seating ability of no longer greater than the driver and eight passengers. both terms, automobile, and automobile are associated with car enterprise. the vehicle is a noun that normally refers to a 4-wheeled automobile car designed for passenger transportation whereas the automobile is an adjective relating to motor vehicles. this is the principal distinction between vehicles and automobiles.
The industry's main products are passenger vehicles and mild trucks, along with pickups, vans, and recreation software motors. business vehicles (i.e., shipping vehicles and big shipping vans, frequently referred to as semis), even though critical to the industry, are secondary.
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List 5 expenses that are fixed (ie. something you have to
pay each month and doesn't change
Answer:
food
toiletries
clothing
education
rent
Two reasons for low-interest loans made to _______ were the number of miles of track laid and the surrounding terrain.
Two reasons for low-interest loans made to railroads were the number of miles of track laid and the surrounding terrain.
The purposes of providing low-interest loans to railroads are simple - so that number of miles of track laid should cover more distance and should be surrounded with terrain.
Railroad is one of the most important, widely used, and cost-effective modes of transportation for both long and short distances. Because this system is built on metal (usually steel) rails and wheels, it has a lower frictional resistance, allowing for more wagons or carriages to be attached. This is referred to as a train system. Trains are typically propelled by an engine locomotive that runs on either electricity or diesel. When there are multiple route networks, complex signaling systems are used. Rail transportation is also one of the most rapid modes of land transportation.
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What is true about employment of individuals with physical disabilities that impacts research?
The truth about the employment of individuals with physical disabilities that impacts research is individuals with disabilities have a high prevalence of unemployment, and research that may require them to skip work in order to participate may jeopardize their employment.
And the false statements about the employment of individuals with physical disabilities that impact research are:
There is no effect on employment.Individuals with physical disabilities who are employed should not be invited to take part in the research.Individuals with physical disabilities are more likely to be working in high-paying occupations and are more likely to be able to take time off from work to participate in research.Hence, the answer is individuals with disabilities have a high prevalence of unemployment, and research that may require them to skip work in order to participate may jeopardize their employment.
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The first mall in mumbai, india was successful. Builders proceeded to construct three more right away. However, they have more than 50% vacancies because they lack customers. The builders failed to properly account for which challenge of operating in developing countries?.
Development fails to properly explain which of the challenges operating in developing countries is the lack of wealth of potential consumers.
Industry is the business of processing raw goods, semi-finished goods into goods that have added value. The purpose of industrial activity is to make a profit for the producer. Finished goods are industrial goods that are ready to be used as a means of production.
There are three types of industries as follows:
Extractive IndustryNon-extractive IndustryNon-extractive IndustryThe industrial development objectives are as follows:
Utilizing natural resources, or the results of cultivation owned by a country.Improving people's welfareIncrease the country's economic growth for the better.Encourage the development of existing technology.Increase the role of the community in industrial development.Open and expand job opportunitiesIncrease foreign exchange through exportsYou can learn more about Industry here brainly.com/question/7721379
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What is one major distinction between telecommuting and flextime arrangements? telecommuters often must work during regular business hours.
A more robust management information system is needed for telecommuters (MIS). Those who work from home frequently have to put in regular business hours. There is no requirement for telecommuters to work past their regular office hours.
By utilizing communication tools like email, phone, and video apps, a worker can complete work assignments from locations other than the conventional workplace.
When you telecommute, you work from a location other than the physical headquarters of an organization. You typically use technology to complete your work and communicate with your employer or coworkers. Telecommuting jobs are available in many fields, including sales, publishing, customer service, and marketing.
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What does a business typically receive when it issues stock to owners?
a) promissory note
b) equipment stock
c) certificate cash
Your options are kind of jumbled or muddled. It is actually CASH that a business typically receives when it issues stock to owners. Issue stocks function in this manner.
Also, if the firm can raise capital by selling new issues of stock to investors a private firm can actually become public. That's how issues stocks work, too.
Because a promissory note is a liability, it is not commonly received by a company when it distributes stock to its shareholders.
When it comes to stocks, equipment is a strange thing to get. I'm sure you won't appreciate getting a photocopier in exchange for your shares.
A stock certificate is proof that the owner has shares and ownership in the company; it is not something that a company that issues stocks would receive.
For everyone's convenience, here is the correct question: What does a business typically receive when it issues stock to owners?
a) promissory note
b) equipment
c) stock certificate
d) cash
Therefore, the answer is d) cash.
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A cable tray is a unit or assembly of units or sections and associated fittings forming a _____ system used to securely fasten or support cables and raceways
Structural system used to securely fasten or support cables and raceways as a cable tray is a unit or assembly of units or sections and associated fittings forming .
What is meant by Structural System ?
The specific process of assembling and constructing structural parts of a structure such that they support and transmit applied loads safely to the ground without going beyond the permitted stresses in the members is known as a structural system. Basic system types include membrane, suspension, post-and-lintel, bearing-wall, and frame. Low-rise, high-rise, and long-span are the three main categories in which they are divided. Tension and compression systems (susceptible to bending) and funicular systems, which are structured to experience either pure tension or pure compression, are among the systems for long-span buildings (column-free expanses of more than 100 feet, or 30 meters). Among the constructions that can bend are girders, two-way grids, and slabs. Cable structures, membrane structures, vaults, and domes are all examples of funicular structures.
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Suppose a farmer has three kinds of land for growing peaches; good - better - and best. As the farmer increases production - she will use the best land first - and costs will be low. At some point - she will run out of the best land and will have to start using the better land - and costs will be a little higher. This describes the:
a farmer has three types of lands. she- uses the best land first costs will be lower. And then start using the better land - and the cost will be a bit higher. This describes: the law of increasing opportunity cost.
According to the law of increasing opportunity cost, an organization's opportunity cost increases as the level of production remains high. In particular, the opportunity cost of producing the next unit will increase if the output of one product increases. This occurs as a result of the reallocation of resources by the manufacturer to create that product. However, the corporation would make more money if these resources were used for their original purpose.
The value of the best additional choice when you decide to take a particular action is called the opportunity cost.
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You+sold+short+100+shares+of+common+stock+at+$45+per+share.+the+initial+margin+is+50%.+your+initial+investment+was:_______-
You sold short 100 shares of common stock at $45 per share. Your initial margin is 50%. your initial investment was $2250
Answers is 100 shares$45 per share 50% = $4500; $4500*50% = $2250
Initial investment is the initial amount required to open an account or establish a buy-in relationship. The term 'initial investment' is primarily used in two different but related fields: banking and long-term investment brokerage.
How do you find your initial investment?
The formula for the compound interest initial investment calculator is F = P (1 + i)n. where F is the future amount, P is the current dollar amount or initial investment amount, and I is the annual investment amount. is the interest rate (expressed as a decimal number) and n is the number of years in which the initial investment will be recovered.
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Calculate real gdp in 2020 and real gdp in 2021. real gdp in 2020 is $ 420. real gdp in 2021 is $ nothing.
Modern-day-dollar GDP increased 10.zero percent, or $2.10 trillion, in 2021 to a degree of $22.99 trillion, in contrast to a lower of two.2 percentage, or $478.nine billion, in 2020 (tables 1 and 3).
In general, calculating actual GDP is executed by dividing nominal GDP through the GDP deflator (R). as an instance, if an economic system's charges have elevated by using 1% because the base 12 months, the deflating number is 1.01. If nominal GDP was $1 million, then actual GDP is calculated as $one million / 1.01, or $990,099.
GDP in the united states of america averaged 7927.fifty six USD Billion from 1960 till 2021, achieving an all time high of 22996.10 USD Billion in 2021 and a file low of 543.30 USD Billion in 1960. This web page provides - usa GDP - actual values, ancient records, forecasts, charts, information, financial calendars all-timed information.
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What can a job candidate communicate through a video introduction that they can't convey via their resume?
A:the type of people in their professional network
B:details about their education and certification
C:their work experience and past employers
D:their personality through body language
A job candidates communicate through a video introduction that they can't convey via their resume their personality through body language. Thus, option D is correct.
What is a job?A job can be described as a process by which a person completes a task or a job. The person receives payment for the work.
A candidate is going through an introduction, and it can be Converse by the help of a video with the person are the interviewer can see him or her and examine the way that this week it also determines the personality and the body language about how sincere, confident a person is. Therefore, option D is the correct option.
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Answer:
D
Explanation:
A single person earns a gross biweekly salary of $780 and claims 6 exemptions. how does their net pay change due to the federal income tax withheld? a. no federal income taxes are withheld. b. they will add $11 to their gross pay. c. they will subtract $11 from their gross pay. d. they will add $13 to their gross pay. please select the best answer from the choices provided a b c d
A person who is earning biweekly salary of $780 and is also claiming 6 exemptions, no change will be there in pay, since no federal income taxes are withheld. Option (a) is correct.
Know more about Income tax:
Income tax is type of tax levied upon individuals and corporation earning beyond a certain limit. The purpose of imposing income tax by the government authorities is to earn revenue, which is then used by the government for creating public capital asset and for providing public welfare. The income tax is a type of direct tax which is imposed on people’s direct income and helps the government is distributing wealth equally among everyone by creating assets.
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The world income appreciation fund has current assets with a market value of $5.2 billion, 525 million shares outstanding, and a current market price quotation of $10.65. calculate the front-end load
The front end load is found to be 7%
Given, that the market value of shares is $5.2 billion and no. of shares =525 million shares.
First, we calculate net asset value (NAV)of the fund by the formula,
(NAV) = Market Value of Shares/No.of shares outstanding
= $5.2 billion/525 million shares.
=$5,200,000,000/525,000,000
NAV = $9.9048.
Now, we calculate the front end load of the fund by the formula,
Front end load=[(Current market price-NAV)/Current market price]×100
=[($10.65-$9.9048)/$10.65]×100
=($0.7452/$10.65)×100
Front end load= 6.9972% or 7%
The net asset value of an investment fund is calculated by dividing the number of outstanding shares by the net value of the fund’s assets less its liabilities. Most frequently applied to mutual funds or exchange-traded funds (ETF).
A front-end load is a commission or sales fee that is imposed at the moment an investment is first purchased.
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