selected accounts from lue co.’s adjusted trial balance for the year ended december 31 follow. prepare a classified balance sheet.
Answers
A sequence of journal entries that are intended to account for any transactions that have not yet been completed are created in order to create an adjusted trial balance. Payroll costs, prepayment costs, and depreciation costs are some of these expenses.
The general ledger account balances are shown in an adjusted trial balance following any revisions. These changes often cover depreciation, prepaid expenses, accruing expenses, and other non-cash costs. It's that easy. An income statement can be made using details from the trial balance's revenue and expense account sections. You can create a balance sheet using data from the asset, liability, and equity accounts in the trial balance.
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Related Questions
Write a scenario that will help you understand the following word or topic and show me that you understand their importance.
Criticism - is the practice of judging the merits and faults of something. Criticism as an
evaluative or corrective exercise can occur in any area of human life. In specific areas of
human endeavor, the form of criticism can be highly specialized and technical; it often requires professional knowledge to understand the criticism.
Answers
Criticism is the practice of judging the merits and faults of something. Criticism as an evaluative or corrective exercise can occur in any area of human life.
Write a scenario that will help you understand criticism?You are a film director and your latest film has just been released. You're excited to see what people think of your work, but when you read the reviews, you are met with a lot of criticism. Some reviewers claim the acting was lackluster, others say the plot was confusing, and a few even say that the special effects were underwhelming.
At first, you feel disheartened and defensive. But after some reflection, you realize that criticism can be a valuable tool for growth and improvement. You start to take the criticism seriously and use it to inform your future work. You work on improving your acting direction, make sure that your plots are clearer, and pay more attention to the special effects.
A year later, you release a new film and it is met with widespread praise. Critics call it a major improvement over your previous work and praise the acting, plot, and special effects. You realize that criticism is an important part of the creative process and can help you become a better filmmaker.
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3. ______ are defined as goods or services that are required for health and safety.
Answers
Occupational Health and Safety are defined as goods or services that are required for health and safety. Information standards are guidelines governing the information that must be provided to consumers when they purchase specific goods.
What is the safety of goods?A safe product is one that delivers either no risk or a minimum tolerable level of risk, taking into account the product's typical or reasonably foreseeable use and the need to maintain a high level of consumer protection.
Occupational health and safety is a multidisciplinary discipline that deals with all elements of workplace health and safety, with a heavy emphasis on preventing workplace dangers.
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One column of numbers consists of 28,42, and 14. When the digits of the numbers are added together, the result is 2+8+3+2+1+4+4=21, and when the digits of 21 are then added together, the end result is 2+1=3. If the same process is performed on the numbers in a second column, what can be concluded?
Answers
Answer:
D. If the end result from the second column is not 3, then the sum of the numbers in the first column is not equal to the sum of the numbers in the second column.
Explanation:
From the list of given options (see the comment section for options a - d), option (d) is correct.
To answer this question, we need to analyze each of the options
For (a):
The sum of numbers in both columns may be equal even if they are different.
Take for instance, the numbers in the second column is: 82, 42 and 14.
We have:
\(8+2+4+2+1+4=21\)
\(2 + 1 = 3\)
So, (a) is incorrect
For (b):
As shown in (a) above,
If both column contain the same numbers, then definitely the end result will be the same. So option (b) is incorrect and impossible
For (c):
This is not true.
In the first column, we have the sum of the first process to be 21 which ends up giving 3 (i.e. 2 + 1 = 3).
The result of the second column can be 12 which also gives 3 i.e. 1 + 2 = 3 (and 12 is not equal to 21)
So, (c) is also incorrect
For (d):
This is the only true option
If the end result is not three, then the results of the first process is not the same for both columns.
Answer:
If the end result from the second column is not 3 then the sum of the numbers in the first column is not equal to the sum of the numbers in the second colemn
Explanation:
For me it was B but read very closly
which reason for holding inventory is exemplified when a firm builds up stock because they anticipate rising profit levels in the future
Answers
The expenses incurred for keeping goods or inventory in a warehouse are known as inventory holding costs.
What is inventory holding cost?The expenses incurred for keeping goods or inventory in a warehouse are known as inventory holding costs. Inventory that is kept on hand is a liability that reduces profit margins and raises operating costs for firms. Inventory holding expenses include rent for the facility, security fees, depreciation costs, and insurance.To reduce stock-out costs, merchandise is kept on hand. To ensure that no consumer leaves empty-handed, all businesses must forecast the demand for their products and maintain inventories of raw materials, finished goods, work-in-progress, and consumables.Within a single supply chain, inventory holding costs are computed as a portion of the overall inventory costs. Storage, insurance, labor, transportation, depreciation, shrinkage of the inventory, spoilage of the inventory, obsolescence, and opportunity costs are some of the costs.To Learn more About inventory holding refer to:
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Who else is issued with a license according to the two kinds of licenses under LTO?
Answers
Conductors is issued with a license according to the two kinds of licenses under LTO.
Which of the two licencing types are they?
Both are for large vehicles, with the first being for light vehicles. With the exception of the fact that there are more questions about large, heavy vehicles in the "heavy" exam category, the written tests are practically identical.
What role does licencing play?
The value of licencing by enforcing norms that limit practise to competent people who have met particular requirements in terms of education, job experience, and tests, professional licensure protects the public.
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in which situation is a country most likely to choose a fixed exchange rate for its currency
Answers
What is the first thing the law requires you to do when you arrive at an intersection? Explain what you should do if there is an officer directing traffic.
Answers
Answer:
If a law enforcement officer if directing traffic where there are traffic lights, OBEY the officer – not the signals. You must yield the right-of-way to all other traffic and pedestrians at stop signs. Move forward only when the road is clear. At four-way signs, the first vehicle to stop should move forward first.
The very first action we do is stop at the junction as if it were a red light and waiting for police to notify you when it is safe to go.
Explanation:
If a police officer directs traffic in an area with traffic signals, respect the officer rather than the signals. At stop signs, you must surrender the right-of-way to all other cars and pedestrians. Only proceed when the road is clear. When approaching a four-way stop, the first car to halt shall proceed first.
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The following are all the benefits of applying secondary data in marketing research except; a) Cost of the data b) Time period of the data c) Accessibility of the data d) All of the above
Answers
d) all of the above.none of these factors (cost of the data, time period of the data, accessibility of the data) are disadvantages of using secondary data in marketing research.
d) all of the above.
the benefits of applying secondary data in marketing research include:
a) cost of the data: secondary data is often less expensive to obtain compared to primary data, which requires conducting new research and data collection. secondary data sources, such as government publications, industry reports, and existing databases, are typically more cost-effective or even available for free.
b) time period of the data: secondary data can provide historical data and trends, allowing researchers to analyze past patterns and make comparisons over time. this historical perspective can be valuable in understanding market dynamics and identifying long-term trends.
c) accessibility of the data: secondary data sources are often readily available and easily accessible. researchers can access a wide range of secondary data through online databases, libraries, government agencies, and industry associations. this accessibility allows for quick access to a wealth of information without the need for extensive data collection efforts.
however, it is important to note that the question is asking for the exception.
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Type the correct answer in the box.
Which strategy are you following if you are concentrating on serving a particular segment of customers better?
You are following the_______
strategy if you are concentrating on serving a particular segment of customers better.
Answers
Answer:
Targeting Strategy
Global market has decided to increase its market share by hiring a marketing rep to visit businesses in the area and invite their employees to shop at global market and attend monthly health events that take place at global market stores. each of the individual stores has hired two new employees to handle the anticipated increase in customer traffic. global market is using a _____ strategy. mgt 305
Answers
In the condition given above where the global market intends to increase its market share by hiring representative for such purpose, the global market is said to be using communication strategy.
What is communication strategy?A strategy, which is used by an organization for the purpose of interaction with the target audience of such organization, it is known as a communication strategy.
Hence, the significance of communication strategy is aforementioned.
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most firms give their it budgets a low priority in good economic times. t or f
Answers
False. In prosperous economic times, most companies place little importance on their IT spending.
A firm is what?A company or enterprise that uses productive resources to produce goods and/or services that are sold on the open market with the intention of making a profit is referred to as a firm (company, enterprise). This definition calls attention to a few words in particular. First, organizations are made up of people, but not all people are organizations.
A sophisticated social system known as an organization is one that people establish to work together toward a common objective. For instance, a political party is an organization with the aim of positively transforming society through the use of collective political power.
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Define ''limited in stock''
Answers
Answer:
Explanation:
it means that the product wont be around aymore since its limited to retailer?
The total estimated cost of attending a public two-year college in Hasani’s home town last year was $2,265. The cost of attending the college is expected to increase 5% annually. Hasani plans to enter the college this year and attend for 2 years. Which is the best estimate for the total cost Hasani will pay for only his second year? $2,270.66 $2,275.00 $2,491.50 $2,497.16
Answers
Answer: Hi there! For this question, we will be compounding, because the cost of going of going to college goes up by 5% each year. The formula for compounding is P(1 + r)^t, where P = starting amount, r = rate, and t = time in years. First, let's add 5% (0.05) to 1. 1 + 0.05 is 1.05. We are talking about how much Hasani will have to pay in his second year. We will raise that number to the 2nd power. 1.05^2 is 1.1025. Now, we will multiply that number by2,265 to find the amount. When we multiply both numbers, we get 2,497.1625 or 2,497.16 when rounded to the nearest hundredth. There. Hasani will pay an estimated cost of $2,497.16. The answer is D.
Answer:
D
Explanation:
Write a biography about a famous person of Nepal...
Answers
Explanation:
Parijat (Nepali: पारिजात) was a Nepalese writer. Her real name was Bishnu Kumari Waiba (Waiba is a subgroup of Tamang) but she wrote under the pen name Parijat (Parijat is a night-flowering fragrant jasmine flower). Her most acclaimed publication is Shiris Ko Phool (The Blue Mimosa), which has also been adapted in the literature curriculum of some colleges in some English-speaking countries like United States, England etc. Some of the notable universities where Parijat's Shirish Ko Phool was adopted as curriculum in the University of Maryland, USA.
Answer:
● Gautama Buddha. 0563 BC. Founder of Buddhism.
● Tenzing Norgay. 29 May 1914. Mountaineer.
● Anatoli Boukreev. 16 January 1958. Mountaineer.
● Gyanendra Bir Bikram Shah Dev. 07 July 1947. ...
● Chandra Bahadur Dangi. 30 November 1939. ...
● Birendra of Nepal. 28 December 1945. ...
● Sandeep Lamichhane. 02 August 2000. ...
● Amrita Acharia. 31 July 1987.
Explanation:
I HOPE IT'S HELP1. Buyers, sellers, and producers all have someone else they are competing with for economic benefits. This is known as:
O competition
O monopoly
O collusid
O cartels
Answers
Answer:monopoly
Explanation:
a purchased intangible is valued at its original cost. original cost for acquiring a patent would include:
Answers
Answer: Legal costs to acquire, Required filing fees, Purchase price
Explanation:
Under a licensing agreement, a licensor grants intangible property rights to the licensee. This would include
Answers
A licensor grants intangible property rights to the licensee such as the copyright
Copy RightCopyright is a type of intellectual that shows that an individual as a legal right over an intangible property such as music, poem. other types of property right are :
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juju's dividend next year is expected to be 5.50. it is trading at $45 and is expected to grow at 4 percent per year. what is juju's dividend yield and capital gain?
Answers
Jujus dividend yield and the capital gain, based on the dividend per share, can be found to be:
Capital gain - $1.80Dividend yield - 12.22%How to find the dividend yield?The dividend yield can be found by the formula:
= Dividend per share / Price per share
Dividend per share = $5.50
Price per share = $45
The dividend yield is:
= 5.50 / 45
= 12.22%
The capital gain will be:
= (Selling price x ( 1 + growth rate) ) - Selling price
= ( 45 x ( 1 + 4%) ) - 45
= $1.80
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distinguish between character formating and paragrapgh formating
Answers
Answer:
A character style is a collection of character formatting attributes that can be applied to text in a single step. A paragraph style includes both character and paragraph formatting attributes and can be applied to a paragraph or range of paragraphs. Paragraph styles and character styles are found on separate panels.
If you get equity funding for your business, what will you have to do?
A. Pay back the investors with interest
B. Show investors that you can make payments to them
C. Get approval from an angel network
D. Share ownership with the investors
Answers
Answer:
A pay back the investors with interest I believe
What do you think it means that your money is FDIC/NCUA insured up to $250,000
Answers
I believed that my deposit money is insured up to $250,000 by FDIC/NCUA because it is a legal banking requirement.
What is the banking requirement?The insurance of deposit is necessary to prevent to banks from huge liability incase they lose their customer's deposit because of theft, fraud etc
In conclusion, I believed that my deposit money is insured up to $250,000 by FDIC/NCUA because it is a legal banking requirement.
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As the CEO of your company, you can use only the planning and controlling functions to reach your organizational goals.
Select one:
O True
O False
Answers
Answer: False
Explanation:
CEOs are top management and top management use all five functions of management to ensure that the company reaches its goals and objectives.
The CEO has to use planning to to decide what long term strategies the company will use to achieve its goals. They have to use controlling to evaluate and improve the methods the company is taking to achieve its long term goals.
They also have to use staffing to hire the best top level and middle level talents that can push the company forward. As management they have to use leading to get the employees inspired to move the company forward and finally they will use organizing to put the various processes in the company together to ensure that the company's goals are met.
Need help with this one.
Anton's gross monthly pay is $1,058.00. If his employer withholds 11% for the monthly federal income tax, how much will be deducted from his paycheck?
Group of answer choices
$941.62
$11.00
$116.38
$11.64
Answers
Anton's gross monthly pay is $1,058.00. If his employer withholds 11% for the monthly federal income tax, $116.38 will be deducted from his paycheck.
Define tax?A tax is a mandatory payment or charge levied on individuals or businesses by local, state, and national governments to cover the costs of general government services, goods, and activities.It is derived from the Latin taxare, which means 'to assess'. Previously, English used the related word 'task,' which was derived from Old French.For a time, the terms 'task' and 'tax' were interchangeable, with the first requiring labor and the latter requiring money.The term 'tax' then came to mean something tedious or difficult.Governments levy fees on citizens and businesses to generate revenue, which is then used to meet budgetary demands.This includes financing government and public projects as well as improving the country's business environment to promote economic growth.To learn more about tax refer to:
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four factors that affect the productivity of an office worker
Answers
Answer:
not enough sleep
no breakfast
noise
distractions
A bad workspace
Distractions
No breakfast
an engineer invests $6,000 at the end of every year for a 40-year career. if the engineer wants $1 million in savings at retirement, what interest rate must the investment earn? a. 6.3% b. 4.3% c. 8.3% d. 10.3%
Answers
In order to accumulate a savings of $1 million within a 40-year time frame with an annual contribution of $6,000, the engineer must secure an interest rate of 8. 3%
How to solveThis can be calculated using the following formula:
Future Value = Present Value * (1 + Interest Rate)^Number of Years
In this case, the future value is $1 million, the present value is the annual investment of $6,000, and the number of years is 40. Plugging these values into the formula, we get:
$1,000,000 = $6,000 * (1 + Interest Rate)^40
Solving for the interest rate, we get:
Interest Rate = \((1,000,000 / 6,000)^(1/40) - 1 = 8.3\)%
Hence, in order to accumulate $1 million after 40 years by investing $6,000 annually, the engineer must achieve an interest rate of 8. 3%
Answer: c. 8.3%
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What is the price of a semi-annual bond with 30 years time to maturity, annual coupon rate of 4.5%, and Face value of 1000$
Answers
A bond is a form of loan. The issuer borrows money from the lender and promises to pay back the loan principal at a future time, in addition to making regular interest payments on the loan.
Coupon rate, time to maturity, and face value are the three main features of a bond. Prices of semi-annual bonds can be calculated using the following formula: Price = (C / i) * [1 - 1 / (1 + i)^(n * m)] + F / (1 + i)^(n * m)Where C is the coupon payment, i is the yield to maturity (YTM) of the bond, n is the number of years to maturity, m is the number of coupon payments per year, and F is the face value of the bond.
In this case, C = $1000 x 4.5% / 2 = $22.50 (semi-annual coupon payment)i, the yield to maturity, must be found by trial and error, using a financial calculator or spreadsheet. However, we can use an approximation, such as the bond equivalent yield (BEY), which is double the semi-annual YTM.
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What is the relationship between advertising, selling, promotion, and marketing research functions?
Answers
Answer:
While advertising presents a reason to buy a product, sales promotion offers a short-term incentive to purchase. Sales promotions often attract brand switchers (those who are not loyal to a specific brand) who are looking primarily for low price and good value. The goal of promotions is to present your product, increase demand, and differentiate it. So, promotion is the basic element of marketing.
Explanation:
Suppose you run up a debt of $400 on a credit card that charges an annual rate of 12 percent, compounded annually. How much will you owe at the end of two years
Answers
If you have a debt of $400 on a credit card with an annual interest rate of 12%, compounded annually, you will owe a certain amount after two years. To calculate this, you can use the formula: Future Value (FV) = Principal (P) * (1 + Interest Rate (R))^Time (T). In this case, P=$400, R=12%/100=0.12, and T=2 years. Plugging these values into the formula, FV = $400 * (1 + 0.12)^2 = $400 * 1.2544 = $502.56. So, after two years, you will owe $502.56 on your credit card.
If you have run up a debt of $400 on a credit card that charges an annual rate of 12 percent, compounded annually, you will owe more at the end of two years. To calculate the total amount, we can use the formula for compound interest:
A = P (1 + r/n)^(nt)
where A is the amount owed at the end of the period, P is the principal amount (which is $400), r is the annual interest rate (12%), n is the number of times the interest is compounded in a year (once, in this case), and t is the time in years (two years).
Plugging in these values, we get:
A = 400 (1 + 0.12/1)^(1*2)
A = $540.16
Therefore, at the end of two years, you will owe a total of $540.16, which includes both the original debt of $400 and the interest charged.
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6. The following table describes the production a. For each country, graph the production possibilities of two cities in the country of Baseballia: possibilities frontier. Suppose that without trade the workers in each country spend half their time producing each good. Identify this point in your graphs. b. If these countries were open to trade, which country would export shirts? Give a specific numerical example and show it on your graphs. Which country would benefit from trade? Explain. a. Without trade, what is the price of white socks (in terms of red socks) in Boston? What is the price in Chicago? c. Explain at what price of computers (in terms of shirts) the two countries might trade. Suppose that China catches up with American b. Which city has an absolute advantage in the production of each color sock? Which city has a productivity so that a Chinese worker can comparative advantage in the production of each color sock? If the cities trade with each other, which color soch export? whill each is the range of prices at which mutually beneficial trade can occur? produce 100 shirts or 20 computers in a year. What of trade would you predict now? How does this advance in Chinese productivity affect the economic well-being of the two countries' citizens? citizens? 9. Are the following statements true or false? Explain in each case. 7. A German worker takes 400 hours to produce a car and 2 hours to produce a case of wine. A French a. "Two countries can achieve gains from trade even in the production of all goods." worker takes 600 hours to b. "Certain talented people have a comparative a. For what values of X will gains from trade be advantage in everything they do." possible? Explain. c. "If a certain trade is good for and import wine? Explain. d. "If a certain trade is good for one person, it is 8. Suppose that in a year an American worker can always good for the other one." produce 100 shirts or 20 computers and a Chinese e. "If trade is good for a country, it must be good for everyone in the country." worker can produce 100 shirts or 10 computers.
Answers
Trade may benefit a country overall, but some individuals or groups may lose out, such as those in industries that face competition from imports.
a. Production Possibility Frontier (PPF) of two cities in Baseballia:
Boston: 240 white socks or 120 red socks or any combination along the line between the two
Chicago: 180 white socks or 90 red socks or any combination along the line between the two
Half their time will be spent on each good in the absence of trade. Therefore, Boston and Chicago each produce 60 white socks and 30 red socks.
b. China has a comparative advantage in producing shirts because the opportunity cost of producing shirts is lower in China than in the United States.
China: 240 shirts = 20 computers → 1 computer requires 12 shirts
United States: 240 shirts = 100 shirts → 1 computer requires 2.4 shirts
China exports shirts and the United States exports computers. If they trade at a rate of 1 computer for 10 shirts, both countries benefit from trade, as the opportunity cost of producing computers is higher in China than in the United States, while the opportunity cost of producing shirts is higher in the United States than in China.
c. The opportunity cost of producing one computer in China is 12 shirts, whereas the opportunity cost of producing one computer in the United States is 2.4 shirts.
As a result, if the price of computers is lower than 12 shirts in the United States but higher than 2.4 shirts in China, trade will be possible.
d. The Boston has an absolute advantage in producing both colors of socks since it can produce more socks in one hour than Chicago.
However, Chicago has a comparative advantage in producing red socks, while Boston has a comparative advantage in producing white socks.
The range of prices at which mutually beneficial trade can occur is between the opportunity costs of the two countries, which are 1 red sock for 2 white socks in Chicago and 1 red sock for 4 white socks in Boston.
e. China's technological advancement has led to a decrease in its opportunity cost of producing computers, and it can now produce computers with less foregone shirt production than before.
As a result, China's terms of trade have improved, and it will export more computers while importing fewer shirts. This situation results in mutual advantages for both countries, as they each get to consume a larger volume of goods at a lower opportunity cost.
9. a. True: This is a fundamental concept of the theory of comparative advantage.
b. False: Even if a person is skilled at producing all goods, they may still have a comparative disadvantage in producing some goods.
c. True: Trade enables countries to specialize in goods in which they have a comparative advantage and import goods in which they have a comparative disadvantage.
d. False: Trade may benefit one person or group more than the other, depending on their bargaining power.
e. False: Trade may benefit a country overall, but some individuals or groups may lose out, such as those in industries that face competition from imports.
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Toni Nicolet's
checking account balance on Monday, April 13, is $540; her savings balance is $980. On
Tuesday, April 14, she made an ATM withdrawal from checking of $86. On April 15, Toni plans to make
these online payments: income tax bill, $823, utility bill, $98, and charge account bill, $127. How much
money, if any, will Toni have to transfer into her checking account from savings to cover the online
payments and leave a balance of $50 in the checking account?
Answers
Answer:
$644
Explanation:
Toni has a balance of $540 on her checking account
She made an ATM withdrawal of $86
The balance on her checking account after withdrawal is
= $540 - $86
=$454
Toni intended to pay online payments on Arpril 15. The total of the payments
=$823 + $98 + $127
=$1048
It means Toni has a deficit of
=$454- $1048
=($594)
If Toni desires a balance of $50 after payments, she must withdraw 594+50 from the savings account.
=596 + 50
=$644