1. Analyze financial statements. 2. Transfer journal entries to ledger 3. Prepare the financial statements. 4. Record transactions in journals. 5. Take a trial balance. 6. Analyze source documents Match each of the options above to the items below. i. Separate purchasing receipts from sales documents. ii. Record financial data. iii. Post individual transactions into a single account. iv. Summarize data in the ledgers. v. Prepare income statement. vi. Evaluate profit/loss of the firm.

Answers

Answer 1

Analyze transactions- Post individual transactions into a single account, Transfer journal entries to ledger-Summarize data in the ledgers, Prepare the financial statements-Evaluate profit/loss of the firm, Record transactions in journals--Prepare income statement, Take a trial balance-Record financial data, Analyze source documents- Separate purchasing receipts from sales documents.

What is profit and loss?

Profit is the excess amount of the firm, which the business has attended in the financial year of working. I t includes the net profit. Loss is the amount that a firm occurred during a year, it covers the net loss of the firm.

Thus, the statement are matched above.

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Related Questions

Select the correct answer.
Joana volunteers to deliver a last-minute presentation on behalf of her team. Which quality is Joana demonstrating?
A.
confidence
B.
honesty
C.
responsibility
D.
resourcefulness
E.
punctuality

Answers

According to the research, Joana is demonstrating responsibility for delivering a last-minute presentation on behalf of her team.

What is responsibility?

It is the quality of that individual who fulfills his obligations and assumes the consequences of his acts.

Through it, individuals make decisions consciously and take responsibility for the consequences that may arise from them, in addition, it implies the commitment to fulfill agreements and obligations.

Therefore, we can conclude that according to the research, Joana is demonstrating responsibility for delivering a last-minute presentation on behalf of her team.

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Answer:

i don't think its B C D or E. quite stumped myself.

Explanation:

Bill was 150 pounds overweight but his insurance premiums significantly dropped after he lost weight by going to a local health club and sending his insurance company recored of his monthly visits with a personal trainer what kind of measures did bill take that led for his insurance premiums to drop

Answers

The kind of measures that Bill took which made his insurance premiums to drop is a preventative measure.

What is a preventative measure?

In insurance, a preventative measure can be defined as a kind of measure that typically involves reducing the degree of risk associated with an insurance object, and mitigating (decreasing) the negative impact of potential insurance-related accidents on the insured.

In this context, we can infer and logically deduce that the kind of measures that Bill took which made his insurance premiums to drop is a preventative measure.

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The main benefit of a technical school certification
is (4 points)
Select one:
a. more limited choices for careers
b. more time spent perfecting skills compared to college
c. reduced costs compared to other degree options
d. reduced earning potential compared to college

Answers

Explanation:

more time spent perfecting skills compared to college

On October 1, Year 1, Jason Company paid $3,600 to lease office space for one year beginning immediately. What is the cash outflow for rent that would be reported on the Year 1 statement of cash flows

Answers

The cash outflow for rent that would be reported on the Year 1 statement of cash flows is $2,700

What is cashflow?

This is the amount of cash , which a company receives or gives out by the way of payments to its creditors.

Though the amount paid was paid on October 1, Year 1 it will only be expensed from October to December for year 1.

The duration of the payment is 12 months, hence  

Monthly amortization

= $3,600 / 12

= $300

Rent expense for year 1

= $300 × 3

= $900

The ending balance in the prepaid rent account will be  

= $3,600 - $900

= $2,700

This will be the cash outflow for rent that would be reported on the Year 1 statement of cash flows.

Hence, the cash outflow for rent that would be reported on the Year 1 statement of cash flows is $2,700

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Select the correct answer from each drop-down menu. which sector dominates developed economies such as the united states? in developed economies such as the united states, the sector dominates the economy. examples include legal firms, , and so on.

Answers

Legal firms and hospitals are the that dominates the economy is the consumer service sector.

Which sector dominates developed economies such as the United States?

In the Unites State which is a developed country is highly dominated by the service sector, in US about 80% of the country's output. The US service sectors companies are technology, financial services, healthcare and retail, that dominated maximum economy.

Thus, Legal firms and hospitals

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As the number of stocks in a portfolio rises, a. neither firm-specific risks nor market risk falls. b. market risk falls; firm-specific risks do not. c. firm-specific risks fall; market risk does not. d. both firm-specific risks and market risk fall.

Answers

The correct statement is if the number of stocks in a portfolio rises then the firm-specific risks fall; market risk does not. .

What happened if number of stock would be increased in the portfolio?

If the number of the stocks increases in the portfolio, then the total overall return from the portfolio will decreased.

it usually happens because some stock in the stock market generally outperforms the other stock. On the other hand, most of the stocks provides an average return on them.

The risk in the portfolio can be reduced by adopting the diversification in the portfolio.

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define permanent office in one sentence​

Answers

Answer:

A permanent office is also known as the long term office. It is established for the production and distribution of goods and services over a long period of time.

Explanation:

Mark me brainlist

Outline any other THREE qualities of a successful entrepreneur​

Answers

Answer:

Robust Work Ethic.

Deep Passion.

Creativity. ...

Motivated Self-Starters. ...

Easygoing Attitude. ...

Eager to Learn.

you can choose any three you want :)

In Chile, one worker can harvest 4 pounds of peppers or 4 pounds of coffee beans. In Argentina, one worker can harvest 2 pounds of peppers or 8 pounds of coffee beans. What is the opportunity cost for both countries to harvest another 4 pounds of peppers

Answers

Chile- 4 pounds of coffee beans, Argentina - 16 pounds of coffee beans, is the correct solution of the question.

Explanation of the question?

It loses 4 pounds of coffee beans if one worker produces 4 pounds of peppers. As a result, if the worker produces 4 pounds extra peppers, 4 pounds of coffee beans will be lost. As a result, the opportunity cost of generating an additional 4 pounds of peppers for Chile is equal to 4 pounds of coffee beans.

Argentina's case:

It loses 8 pounds of coffee beans if one worker produces 2 pounds of peppers.

As a result, if the worker produces 1 pound of pepper, it loses = 8/2 = 4 pounds of coffee beans.

The worker will lose = 4 * 4 = 16 pounds of coffee beans if he produces 4 pounds of peppers.

As a result, the potential cost of producing an additional 4 pounds of peppers for Argentina is 16 pounds of coffee beans.

Thus, it is 4 pounds of coffee beans, Argentina - 16 pounds of coffee beans.

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Installation and start-up costs for utilities are called.

Answers

Installation and start-up costs for utilities are called seed or start-up capital. This is further explained below.

What is start-up capital.?

Generally, start-up capital. is simply defined as the money an entrepreneur raises to cover the startup expenses of a new business until it is profitable.

In conclusion, It is termed seed or start-up funding for utility installation and startup expenditures.

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cash flows earlier in a project's life are more valuable than Blank______ cash flows later on. Multiple select question. Higher; lower Lower; higher Higher; higher Lower; lower

Answers

Cash flows earlier in a project's life are more valuable than Higher cash flows later on Lower. Option A. This is further explained below.

What is the project?

Generally, the project is simply defined as company that is well organized to accomplish a certain goal.

In conclusion, A project's early cash flows are more valuable than its later cash flows that are higher, but later on.

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In the context of the career stage model, _____ are sequences of job experiences along which employees move during their careers.

Answers

The sequence of job experiences along which employees move during their careers in the career stage model is known as the career path.

What is a Career?

When an individual chooses his profession based on his interest and opportunities in the profession to achieve success is known as his career.

The career path is referred to as a sequence of jobs an individual did to achieve his personal and professional goals. For example, when anyone starts his job from fresher level to managerial level. The journey and the experience he had from beginner to experience will be considered a career path.

This carrer path helps an individual to grow, learn skills, develop new interests and take on challenges to achieve growth in life. This career path helps to change the field if you are not satisfied with the work or growth you are seeking.

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The __________ market consists of individuals and organizations that want goods and services in order to produce goods and services or to sell, rent, or supply those goods to others.

Answers

The B2B market consists of individuals and organizations that want goods and services in order to produce goods and services or to sell, rent, or supply those goods to others.

What is B2B marketing?

B2B marketing can be regarded as business-to-business marketing which is a kind of marketing used to focus on other business.

It involves focusing on the process of selling a product or service to a business as well as the affairs of that other business.

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Scott is a 15-year-old student who works at a part-time job and gets paid every two weeks. His paycheck goes directly to his prepaid debit card. Due to some unexpected expenses, Scott is applying for a payday loan. After visiting the storefront payday lender, Scott was denied the loan because he

Answers

Scott was denied the loan because he was not old enough to qualify.

What is the Payday loan?

Payday loan is a type of unsecured loan in which high rate of the interest is given to the borrower. It is a kind of the short term loan basically for the two weeks.

According to the above situation, Scott is cannot get the payback loan because he is  minor to sanction a loan. He must have the age of 18 years or above.

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Select the correct answer.
Which equation is the correct fundamental accounting equation?
OA owner's equity = liabilities -assets
OB.
assets liabilities - owner's equity
=
OC. assets = liabilities + owner's equity
O D.
assets + liabilities = owner's equity

Answers

Answer:

Assets=liabilities+owner's equity

What makes a business unique

Answers

Answer:

A lot of things can make a business unique since every entrepreneur has different ideas when starting a new business it depends on the persons approach to their business.

Answer:

the people, their approach, the intangible elements.

Visit the web site for a different well-known company, and find the section that lists the company's values. what are the company's values? how do they relate to the products the company sells? did anything surprise you about the company's values? why or why not?

Answers

Person can visit the website of Microsoft is the well known company to find the section that lists the company's values.

What are the core values that Microsoft has?

Innovation - People think that technology can and should be used for good, and that meaningful innovation can and will help to make the world a better place in both large and little ways.Inclusion and variety Diverse voices allow us to thrive. To inform, challenge, and push our thinking, we draw on the experiences, strengths, and perspectives of our workers and customers.CSR- people think that technology has the potential to be a great force for good, and we are working to ensure that everyone has access to the benefits and opportunities that technology provides. Artificial Intelligence- AI, we believe, can enhance your capabilities, free you up for more creative and strategic pursuits, and help you or your organization achieve more when it is created with humans at the heart

Thus, Microsoft is company that have a solid values.

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Which of these is the MOST accurate way to describe a typical manager from one hundred years ago?
OA gentle and kind
OB. strict and enforcing
OC. busy yet friendly
OD. talkative and bored

Answers

Answer:

The answer is strict and enforcing.

Explanation:

This is because the manager would keep all their workers in place, and prevent them from breaking any rules.

I’m going to go with strict and enforcing because back then was a different time period that we are in rn

According to Forrester's Social Technographics Model a ______ score measures how common it is for a target segment to share product and service experiences, such as sharing what songs they're listening to on Spotify or comparing their workouts to that of other Fitbit users.

Answers

According to Forrester's Social Technographics Model a Use score measures how common it is for a target segment to share product and service experiences.

What is Forrester Social Technographics Model?

This is the model that was developed by this person which focuses on social behaviors.

The model is one that helps commercial business peiople to target the behaviors of their audiences for the sake of building customers relationships.

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The market price of a security is $50. Its expected rate of return is 14%. The risk-free rate is 6%, and the market risk premium is 8.5%. What will be the market price of the security if its correlation coefficient with the market portfolio doubles (and all other variables remain unchanged)

Answers

The market price of a security is $50. Its expected rate of return is 14%, and the market price of the security  is mathematically given as

MR=27.368

What will be the market price of the security if its correlation coefficient with the market portfolio doubles?

Generally, the equation for expected rate return is mathematically given as

RR=(Rf+beta*(Rm-Rf)

Therefore

RR=(Rf+beta*(Rm-Rf)

Beta= (13-7)/8

Beta=0.75

In conclusion, the market price of a security

MR=DPs/RR

Where

Po=DPS/RR'

DPS=40*0.13

DPS=$5.23

and

RR=&+1.5*8

RR=19%

Hence

MR=$5.23/0.19

MR=27.368

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A business's budget estimates yearly sales of $735,650. if the business plans to spend 38%
of sales on salaries and wages and 24% of sales for other expenses, how much should it
budget for total expenses?
o $456,103
o $279,547
o $176,556
o $529,668

Answers

The amount that it should budget for total expenses is: $456,103.

Budgeted total expense

Using this formula

Total expenses=(Yearly sales×38%)+ (Yearly sales×24%)

Let plug in the formula

Total expenses=$279,547+$176,556

Total expenses=$456,103

Therefore the correct option is A.

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An effect of changing legislation on human resources professionals is that: Multiple select question. they must update company HR policies and procedures to stay current with legal changes it reduces the cost of managing human resources they must stay current with changes in the law they must automatically increase compensation for all employees

Answers

They must update company HR policies and procedures is An effect of changing legislation on human resources professionals.

What is human resources?

Human resources is the recruiting department in the organization, that has many roles and responsibilities like payroll, fill the vacant position of the company, ensure the company's harmony, arranging the events in the organization.

Thus, option A is correct.

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Natasha is listening to dominick talk about his plans to build his kids a tree house. although he has been talking for some time, she hasn't been able to extract the main point. she has asked questions to clarify what he says. she still isn't sure about what he's saying, so she repeats what he said to see if she has it right. she makes sure not to judge what he's saying since she didn't understand. she decided that she would take notes the next time. which part of this description exemplifies analytical listening?

Answers

The part that has to do with analytical listening is, she has asked questions to clarify what he says.

What is analytical listening?

This is the type of listening that is done in such a way that what is being said would be properly analyzed.

This is not just about understanding what is being said. It has to do with division of questions to get to the main points.

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Gross domestic product tracks economic growth by measuring all goods and services

exported by an economy.
produced by an economy.
imported by an economy.
purchased by an economy.

Answers

Gross domestic product tracks economic growth by measuring all goods and services option B: produced by an economy.

What is Gross domestic product?

Gross Domestic Product is refers to as the measurement of the total value of the output of all the goods and services produced within a Financial year by the country.

Moreover, the term GDP does not include Intermediate goods and services because it is only concerned with the New and Current production.

Therefore, correct option is B.

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Answer:

B just got it right

Explanation:

__________ involves the review and evaluation of the records and processes that are used to prepare the organization's financial statements.

Answers

Answer:

this is a Financial audit

Why should investors know the difference between nominal and real interest rates?.

Answers

Why should investors know the difference between nominal and real interest rates is: To be able to to recognize the effects of inflation.

Nominal and real interest rates

It is important or paramount that  investors know the difference between nominal and real interest rates as this will enable them to know the effect of inflation which occur when their is  increase in the price of goods and service.

Nominal interest rates will  help tell investors about the current situation in the market  while Real rates will tell investor  the returns they can gain so as to increase their capital.

Therefore Why should investors know the difference between nominal and real interest rates is: To be able to to recognize the effects of inflation.

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Products whose demand rises when another product’s price increases are called.

Answers

Close Substitutes.

When the price of a commodity rises, the demand for its close substitute is likely to rise because the price of the close substitute remains the same.

Define the term teamwork

Answers

Answer:

helping and communicating

Explanation:

word done by several associates with each doing a part but all subordinating personal prominence to the effeciency of the whole

hope it helps

source: merriam webster

Answer:

the combined action of groups ,especially when effective and efficient

Some companies positively harness the power of rumors to multiple choice instill false confidence in investors. replace formal communications. create buzz about a new product launch. deflect interpersonal conflicts. achieve the boundaryless organization.

Answers

Some companies positively harness the power of rumors to create buzz about a new product launch. Option C. This is further explained below.

What are rumors?

Generally, rumor is simply defined as a tale or report that is now doing the rounds but whose veracity is questionable.

In conclusion,  In certain cases, corporations use the power of rumors to promote a new product introduction.

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Accounting information is categorized as inputs, processing, or outputs. Select the appropriate category for each type of accounting information listed. 1. Sales Documents (Click to select) 2. Journal Entries (Click to select) 3. Payroll Records (Click to select) 4. Travel Records (Click to select) 5. Income Statement (Click to select) 6. Posting to Accounts (Click to select) 7. Balance Sheet (Click to select) 8. Summarizing Accounts (Click to select) 9. Statement of Cash Flows

Answers

There are various accounting information which can be grouped under input, processing and outputs.

Correct grouping of accounting information

1.) Sales Documents: Processing

2. Journal Entries: inputs

3. Payroll Records: inputs

4. Travel Records: outputs

5. Income Statement: outputs

6. Posting to Accounts: outputs

7. Balance Sheet: processing

8. Summarizing Accounts: processing

9. Statement of Cash Flows: processing

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