customarily, a trial balance is prepared at the end of each day. after each journal entry is posted. at the end of an accounting period. only at the inception of the business.

Answers

Answer 1

At the conclusion of an accounting period, a trial balance is typically prepared at the end of each day.

A trial balance is an accounting worksheet where the balances of all ledgers are totaled into equal amounts in the columns for the debit and credit accounts.

A trial balance is regularly produced by an organization, commonly at the end of every review cycle.

To check that the entries in a company's bookkeeping system are mathematically correct, a trial balance is generally produced.

A trial balance is not a complete audit of the accounts; Instead, it puts one of the novels under scrutiny.

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Related Questions

Which type of savings plan offers the lowest interest rate?


A.
Checking account

B.
Money market account

C.
Savings account

D.
Certificate of deposit

Answers

A. Checking Account

7. As little as
A. 6
B. 2
C. 15
D. 10
percent of privately owned businesses ever move from the start-up stage to the success stage.

Answers

As little as 6 percent of privately owned businesses ever move from the start-up stage to the success stage. The correct answer would be option A.

More than two thirds of new businesses fail and are unable to provide investors with a profit. There can be many reasons why such a low number of startups become successful.  Business founders claim that reasons for failure include running out of money, being in the wrong market, lacking research, poor alliances, inefficient marketing and lacking industry expertise.

Since 2014, several causes of failure have become more common, such as a dearth of market demand. This does not imply that startup ideas are becoming scarce. It illustrates the lack of diversity among founders and investors in terms of culture, geography and socioeconomic status. For example, startups that couldn't adjust to a socially isolated lifestyle were throttled by COVID-19.

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what type of marketing strategy best exemplifies a straightforward mapping of a product to a customer’s willingness to pay?

Answers

Vertical differentiation strategy is the marketing strategy that best exemplifies the straightforward mapping of the product.

Marketing strategy refers to plans executed by a firms' marketing department which ensure that various plan for reaching prospective consumers and turning them into customers of the products are achieved.

Basically, the differentiation strategy in marketing entails development of product which is unique, different and distinct from its competitors product.

But in this question context, the type of marketing is Vertical differentiation strategy.

The Vertical differentiation strategy involves a firm finding a quality and price mix which will differentiate the brand from its competitors,

Therefore, the type of strategy that best exemplifies a straightforward mapping of a product to a customer’s willingness to pay is the Vertical differentiation strategy.

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Which of the following is an advantage of renting over
advantage of renting over buying a home?

Which of the following is an advantage of renting overadvantage of renting over buying a home?

Answers

Answer:

having to make a down payment..

An advantage of renting over buying a home and having to make a down payment. The correct option is D. Financial risks are lower when renting. You are aware of the precise monthly rent payment you will be making.

What is the most significant advantage of renting?

The three biggest advantages of staying a renter, in Ramsey's opinion, are having more flexibility if you decide to move, not having to pay for home maintenance, and not having to spend as much money initially. Additionally, your landlord will handle all necessary repairs, upkeep, and other costs. There is no additional cost.

Renting offers convenience, consistent monthly costs, and maintenance assistance. Along with the concrete advantages of tax deductions and equity, home ownership also offers intangible advantages like a feeling of security and pride in one's possession.

Thus, the ideal selection is option D.

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(this might sound like a silly question)
How have stuffed animals changed our lives? (make our lives better)

Answers

Having stuffed animals have indeed changed human lives and made them better by providing them with a sense of comfort and security.

What are the benefits of stuffed animals?

Stuffed animals seem to have become an integral part of the lives of children as they are seen as companions and playthings by these children to keep from being bored and to have another source of friendship.

Stuffed animals are not limited to helping children alone however, because there are adults who enjoy having the company of stuffed animals for a variety of reasons ranging from cuddling to proof of affection from a loved one.

Some might think that it is silly to assume that stuffed animals have made human life better but they would be wrong. Research has shown that people who use stuffed animals feel a sense of comfort and safety when they are around these animals which is hugely important.

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when the author of freakonomics promoted his book by blogging, it was an example of ______ marketing. multiple choice question. test event word-of-mouth sampling

Answers

The author of Freakonomics promoting his book through blogging is an example of word-of-mouth marketing.

Word-of-mouth marketing refers to the practice of spreading information or promoting a product through informal conversations or recommendations among individuals. In the case of the author of Freakonomics, he utilized blogging as a means to engage with readers and generate interest in his book. By creating and maintaining a blog, the author was able to share insights, excerpts, and discussions related to the book's content. This form of marketing relies on the power of personal recommendations and the influence of individuals within their social circles.

As readers discovered and engaged with the blog, they were likely to share their positive experiences and recommendations with others, thereby creating a ripple effect of organic promotion. The author's blog acted as a platform for fostering dialogue, building a community, and ultimately increasing awareness and interest in Freakonomics. By leveraging the blogosphere, the author tapped into the potential of word-of-mouth marketing, harnessing the power of individuals' personal networks to spread the word about his book.

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Click this link to view O*NET's Work Activities section for Postsecondary Education Administrators.
Note that common activities are listed toward the top, and less common activities are listed toward the bottom.
According to O*NET, what are common work activities performed by Postsecondary Education Administrators?
Check all that apply.
making decisions and solving problems
operating vehicles
communicating with supervisors, peers, or subordinates
establishing and maintaining interpersonal relationships
repairing and maintaining electronic equipment
drafting, laying out, and specifying technical devices, parts, and equipment

Answers

Answer:

BDE

Explanation:

Answer:

A C D

Explanation:

During the coronavirus pandemic in 2020, demand for frozen pizza almost doubled without price changes for these products. Economists call this.

Answers

Due to significant shifts in demand and bottlenecks in farm labour, processing, transport, and logistics, the COVID-19 pandemic has put unprecedented strain on the food supply chains.

The majority of these disruptions are the result of measures taken to stop the virus's spread. Despite these stresses, food supply chains have shown remarkable resilience. As stockpiling behaviour decreased and supply chains adjusted to rising demand, grocery store shelves were restocked over time. Long lines at borders quickly disappeared as a result of policies that reduced pointless restrictions. Although the effects of COVID-19 are still being felt, experience to date demonstrates the value of an environment for open and predictable global trade to ensure that food can get where it is needed.

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Approximately what portion of global employers tends to use social media websites to hire new employees?
A.
30 percent
B.
40 percent
C.
50 percent
D.
60 percent
E.
70 percent

Answers

I'm pretty sure it is B. 40 percent

The portion of global employers who tends to use social media websites to hire new employees is approximately 30 percent.

What do you mean by employees?

A person refers to the employee who gets paid to work for a person or company.

The approximate portion of global employers who tends to use social media websites to hire new employees is 30 percent.

Therefore, A is the correct option.

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Give 2 advantages of a corporation?

Answers

2 advantages of a business corporation include...

personal liability protectionbusiness security and perpetuity

Hope this helps!! Good luck with your work :))

Brainliest? I'm trying to rank up please UvU

Answer:

Limited Liability

In a corporation, the owners of the company are only liable for the amount of money which they have invested through purchasing shares. This means that if the company goes bankrupt and has no money left to pay back the creditors and lenders, the money invested by its shareholders into the company (by purchasing its shares) will be used to pay back the creditors and lenders. Hence, the shareholders will lose the amount invested. Creditors and lenders, however, have no claim on the personal properties and assets of the owners. This is what limited liability means: limited up to the extent of the amount invested.

Easy Availability of Capital

In a corporation form of business organization, it is relatively easy to raise huge sums of capital through the public. Since the total money a company wishes to raise is divided into thousands and lakhs of shares, the price of each share comes out to be very small. A small price allows a number of people to purchase the shares of the company. Hence, it becomes easy to raise a big amount for a corporation by dividing it into smaller units.

Explanation:

Please mark Brainliest, it really helps.

According to Armour (2007), a Gallup poll indicated that employees who had _____ at work reported 50% more job satisfaction than those who did not.

Answers

Answer:

close friends

Similarly, a Gallup poll revealed that employees who had close friends at work were almost 50% more satisfied with their jobs than those who did not (Armour, 2007).

Explanation:

what is the law of demand and supply


Answers

Answer:The law of supply and demand is a theory that explains the interaction between the sellers of a resource and the buyers for that resource. The theory defines what effect the relationship between the availability of a particular product and the desire (or demand) for that product has on its price.

Explanation:

Someone Please help

Someone Please help

Answers

Answer:

what am i supposed to do

Explanation:

May you help me with this business question I and very struggling

May you help me with this business question I and very struggling
May you help me with this business question I and very struggling

Answers

Answer:

availability of direct deposit

availability of direct deposit

consumers will often pay more for a product that has a premium image attached to it by advertising.

Answers

Yes, consumers are willing to pay more for products that have a premium image attached to them through advertising.

Advertising plays a crucial role in creating brand image and perception in the minds of consumers. Companies invest significant resources in creating a premium image for their products through advertising campaigns that promote quality, exclusivity, and superiority. Such advertisements often showcase high-end features, luxurious packaging, and celebrity endorsements, which give consumers the impression that the product is of higher quality than its competitors.

As a result, consumers are willing to pay more for products that have a premium image attached to them by advertising. They perceive such products to be of superior quality, and their purchasing decisions are often influenced by the perception of the brand rather than the actual product features. In other words, consumers are willing to pay a premium price for a product if they believe it is of higher quality, even if the actual product features do not differ significantly from those of its competitors.

To conclude, advertising plays a crucial role in creating a premium image for products, and consumers are willing to pay more for products that have such an image attached to them. This underscores the importance of creating a strong brand image through advertising campaigns and establishing a loyal customer base that values the brand image.

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The OSHA Construction requirement of 1926.1424 to create an area to protect
workers from a Swing Radius Hazard is called:
•Rest Area Control
•Work Area Control
•Breakfast Area Control
•Parking Area Control

Answers

The OSHA Construction requirement of 1926.1424 to create an area to protect workers from a Swing Radius Hazard is called:

B. Work Area Control

What is Work Area Control?

This refers to the section of work which is specifically designed to offer security and protection to workers so that they would not have a work-related injury.

With this in mind, we can see that the OSHA Construction requirement of 1926.1424 was made to create a Work Area Control which would protect workers from a Swing Radius Hazard.

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Which of the following is NOT considered personal information?

Answers

can you reply to this with the options so i can answer ^^

Sabra joins a cooking club for $8. 50 and pays $6. 25 each month. She also joins a movie club for $12 and pays $3. 75 each month. Write an expression that represents the total amount of money Sabra spends on both clubs after m months. Then enter the simplified expression in the boxes.

Answers

The expression that represents the total amount of money Sabra spends on both clubs after m months is 8.50 + 6.25m + 12 + 3.75m.

To calculate the total amount of money Sabra spends on both clubs after m months, we add the initial membership fees and the monthly payments for each club.

For the cooking club, Sabra pays an initial fee of $8.50 and then $6.25 each month. So the amount spent on the cooking club after m months is 8.50 + 6.25m.

For the movie club, Sabra pays an initial fee of $12 and then $3.75 each month. So the amount spent on the movie club after m months is 12 + 3.75m.

To calculate the total amount spent on both clubs, we add the amounts spent on the cooking club and the movie club. The expression that represents the total amount spent is 8.50 + 6.25m + 12 + 3.75m.

Therefore, the expression that represents the total amount of money Sabra spends on both clubs after m months is 8.50 + 6.25m + 12 + 3.75m.

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other things equal an excise tax on a product will

Answers

Other things equal an excise tax on a product will increase its price.

A tax on the sale of a single unit of a good or service is referred to as an excise tax. Excise taxes provide for a disproportionately large portion of tax revenue in the United States.

The incidence of an excise tax depends on both the price elasticity of supply and demand.

Deadweight loss is a societal expense or deficit brought on by the inefficiency of the market (inefficient use of resources).

Excise taxes are typically used to offset the unfavourable externalities caused by the use of a single unit of an item or service. For instance, cigarettes and petrol are subject to excise duties.

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Complete question is:

Other things equal an excise tax on a product will _______

which fund would a government typically use for each of the following?
A. Agency Fund
B. General Fund
C. Enterprise Fund
D. Capital Projects Fund
E. Pension Trust Fund
F. Debt Service Fund

Answers

A. Agency Fund - Agency Funds are typically used by government agencies to carry out their operations and activities. These funds are typically used to cover expenses such as salaries, benefits, and other operating costs.

B. General Fund - The General Fund is the primary fund used by governments to finance the day-to-day operations of the government. This fund is used to pay for services such as public safety, education, and health care.

C. Enterprise Fund - Enterprise Funds are typically used by governments to finance activities related to a specific enterprise such as utilities or public transportation. The revenues generated from these activities are used to cover the costs associated with the enterprise.

D. Capital Projects Fund - Capital Projects Funds are typically used by governments to finance large capital projects such as the construction of roads, bridges, and other public buildings. These funds are usually financed through the sale of bonds.

E. Pension Trust Fund - Pension Trust Funds are typically used by governments to finance retirement benefits for their employees. These funds are usually invested in stocks, bonds, and other investments and are used to pay out benefits when an employee retires.

F. Debt Service Fund - Debt Service Funds are typically used by governments to finance the repayment of debt. These funds are usually financed through the sale of bonds and are used to make payments on the debt over a period of time.

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a woman sells her home for $450 000. she had purchased it for $300 000 and has lived there for 3 years. how much will she owe to IRS due to the gain on the sale?

Answers

Answer: $0

Explanation:

As a single homeowner, you are allowed to sell your house and get a $250,000 exemption on capital gains tax so long as you had stayed in the house for 2 years or more out of the last 5 years.

The woman in question has stayed in her home for 3 years when she sold it so she qualifies for the exemption.

Her capital gain is:

= Selling price - cost price

= 450,000 - 300,000

= $150,000

This is less than the exemption of $250,000 so the woman will be totally exempted from capital gains tax.

No amount will be gained by the woman

The amount that every house owner is exempted to gain is $250,000

The woman sold her house for $450,000

She purchased the house for $300,000

The gain can be calculated as follows;

$450,000-$300,000

= $150,000

This amount is less than $250,000 hence there is no gain

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Economist Julian Simon believed that people are the "ultimate resource" and that increases in population
growth would result in
A. pollution
B. new resources
C. crime
D. unemployment
E. loss of species

Answers

Julian Simon, an economist, believed that people were the "ultimate resource." Simon's viewpoint was that population growth could result in more resources and hence prosperity.

Population growth could lead to innovation and technological advancement, which could ultimately lead to the creation of more resources than existed before. Julian Simon even put a wager on his viewpoint. Simon had a bet with environmentalist Paul Ehrlich, who believed that population growth would lead to depletion of resources and ultimately catastrophe.


Julian Simon's belief in people being the ultimate resource also led him to the conclusion that more people lead to more inventors and entrepreneurs, which ultimately lead to more prosperity. With the availability of more people, there would be more investment in education and research, ultimately leading to technological advancement. This technological advancement could then be used to find new ways of producing more goods with fewer resources, such as the green revolution, which led to better crop yields.

In conclusion, Julian Simon believed that population growth could lead to prosperity and that people were the ultimate resource. Therefore, the correct answer is B. New resources.

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Means your portfolio and returning it to the target asset allocation in your initial investment plan.

Answers

Rebalancing is the process of restoring a portfolio's asset allocation values to the ranges dictated by an investing plan.

What is investment plan?

A collection of investing objectives and a strategy to achieve them make up an investment plan. Because they are inexperienced with the process, many people are hesitant to begin investing. Some investors experience financial losses when they join the market without a plan.

Many mutual funds provide clients with a vehicle for investing called a systematic investment plan that enables them to make regular, little investments rather than one large one. Investments are often made weekly, monthly, or quarterly. A monthly investment plan is, as its name implies, a strategy in which the investor makes investments in order to receive a certain amount as a payout each month.

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Refer to Figure 2-10. In the circular flow diagram, market K represents A) households. C) product markets. B) firms. D) factor markets.

Answers

Option C is correct. In the circular flow diagram, market K represents, firms

The circular flow model shows how cash travels through society. Cash streams from makers to laborers as wages and streams back to makers as installment for items. So, an economy is an interminable roundabout progression of cash.

That is the fundamental type of the model, yet genuine cash streams are more muddled. Business analysts have included more factors to all the more likely portray complex current economies. These elements are the nation's gross domestic product (GDP) or national income. Thus, the model is likewise alluded to as the round progression of pay model. The essential motivation behind the roundabout stream model is to comprehend the way in which cash moves inside an economy. It separates the economy into two essential players: families and organizations. It isolates the business sectors that these members work in as business sectors for labor and products and the business sectors for the factors of production. Different areas can be added for more strong income following.

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Correct Question -

Refer to Figure 2-10. In the circular flow diagram, market K represents

A) households. B) product markets.

C) firms.

D) factor markets.

Refer to Figure 2-10. In the circular flow diagram, market K represents A) households. C) product markets.

Which of the following increases liabilities but not assets? a. Taking out a loan to buy a new car b. Taking out a loan to go on vacation c. Using a credit card to buy a computer d. Paying off a student loan Please select the best answer from the choices provided A B C D

Answers

Answer:

Taking out a loan to go on vacation

Explanation:

Liabilities are money owed to other people. They include debts, loans, or other obligations that a person or business is expected to pay.  Taking up loans increases liabilities. A loan to expand a business either by increasing inventory or equipment add to both assets liabilities.  

A vacation is not an asset. A loan to finance a vacation will only add to liabilities. Paying off a student loan reduces liabilities.  Any debt to purchase a car or a computer increases assets and liabilities since the two are assets.

Answer:

taking out a loan on vacation

Explanation:

the tests of details of balances procedure which requires the auditor to trace the totals of the notes payable list to the general ledger satisfies the audit objective of

Answers

The tests of details of the balances procedure which requires the auditor to trace the totals of the notes payable list to the general ledger satisfy the audit objective of testing for completeness.

The audit objective of testing for completeness can be satisfied through the tests of details of the balances procedure which requires the auditor to trace the totals of the notes payable list to the general ledger. The completeness objective is concerned with ensuring that all transactions have been recorded in the financial statements of a company. Therefore, the tracing of the notes payable list to the general ledger ensures that all transactions that occurred during the period have been recorded and none are left unrecorded or omitted. Additionally, it also helps the auditor identify and examine any unrecorded liabilities or obligations that may have been omitted from the financial statements.

Tracing is an audit procedure that ensures completeness. It involves selecting an item from the financial statements, such as accounts receivable, and following it back to the underlying support, such as the sales journal, to verify that the information in the financial statements is complete and accurate.

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suppose a change in banking regulations has increased credit card availability. as a result, the demand for money decreases and that creates an excess supply of supply that causes the value of money to rise.

Answers

The majority of loan types see an increase in interest rates charged by banks. Due to the higher cost, potential borrowers become less likely to borrow money. As a result of less spending, there may be less of a demand for goods and less inflation.

When there is more supply, what happens to demand?

The equilibrium price will fall if there is an increase in supply and everything else stays the same;Demand for more will rise.The equilibrium price will rise if there is less supply;Demand for quantity will decrease.

When there is more money available and less demand for it, there will be?

The demand for money will rise as the interest rate decreases.The story will come to an end when it reaches the same level as the new money supply because there will no longer be any difference between the amount of money that people have and the amount that they wish to have.The interest rate is lowered as a result of an increase in the money supply, and in this way.

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The market rate of return is 11 per cent and the risk-free rate of return is 3 per cent. Lexant NV has 3 per cent less systematic risk than the market and has an actual return of 12 per cent. This equity:

Answers

Answer:

underpriced

Explanation:

Without mincing words, let us dive straight into the solution to the solution to the question. From the above problem, the following data or information are given:

=> market rate of return = 11 per cent, risk-free rate of return = 3 per cent,  Lexant NV = 3 per cent less systematic risk than the market, actual return = 12 per cent.

The expected return = [ 11% - 3%] × 0.97 + 3%  = 10.76%.

We are given the actual return to be 12% which is greater than the expected return which is 10.76%.

The equity is overpriced.

What would the new optimal solution of product 3 sold for $15, and 100 hours of labor could be purchased?.

Answers

Answer:

I don't know sorry sorry forgive me

Explanation:

sorry

a monopolist faces the demand function qd = 100 − 4p. the monopolist has cost function c(q) = 4q.

Answers

The monopolist's profit-maximizing level of output is 20 units, the profit-maximizing price is $20, and the monopolist's profit is $320.

To find the profit-maximizing level of output and price, we need to determine the monopolist's marginal revenue and marginal cost functions.

The marginal revenue (MR) function for a monopolist is given by the derivative of the total revenue (TR) function with respect to quantity (q):

MR = dTR/dq

The total revenue function (TR) is simply the product of the price (p) and quantity (q):

TR = p*q

So, the marginal revenue function for this monopolist is:

MR = d/dq(pq) = p + q(dp/dq)

To find the marginal cost (MC) function, we take the derivative of the cost function with respect to quantity (q):

MC = dC/dq = 4

Now, to find the profit-maximizing level of output and price, we set MR equal to MC:

p + q*(dp/dq) = 4

Since the demand function is qd = 100 − 4p, we can substitute qd/4 for in the above equation to get:

qd/4 + q*(dqd/dq)*(1/4) = 4

Simplifying and solving for q, we get:

q = 20

Substituting q = 20 into the demand function, we can find the profit-maximizing price:

qd = 100 − 4p

20 = 100 − 4p

p = 20

Therefore, the profit-maximizing level of output for the monopolist is q = 20, and the profit-maximizing price is p = 20. The monopolist's profit is the difference between total revenue and total cost:

Profit = TR - TC = (p*q) - C(q)

Substituting q = 20 and p = 20, and the cost function C(q) = 4q, we get:

Profit = (2020) - (420) = 320

Therefore, the monopolist's profit-maximizing level of output is 20 units, the profit-maximizing price is $20, and the monopolist's profit is $320.

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