competition
collusion
You and the other shoe store owners decide to fix your shoe prices at $60 a pair in order to maximize your profits. This is called collusion .
Answer:
A.
Explanation:
The accounting cycle is the name given to the collective process of recording and processing the accounting events of a company. The series of steps begin when a transaction occurs and end with its inclusion in the financial statements.
Upon the posting of adjusting entries, a company prepares an adjusted trail balance followed by the financial statements. An entity closes temporary accounts (revenues and expenses) at the end of the period using closing entries. These closing entries transfer net income into retained earnings. Finally, a company prepares the post-closing trial balance to ensure debits and credits match.
Steps:
-Journal
-Ledger
-Trail Balance
-Adjustment Entries
-Trading Account
-Profit or loss account
-Final accounts
-Post closing Trail Balance
Answer:
c. after closing entries have been journalized but before the entries are posted.
Explanation:
The post-closing trial or trial balance is a relationship between the G / L accounts and the balances made at the end of the period, after journaling and then moving the closing entries to the G / L. It is the last instance in the accounting cycle, it is performed at a later stage when the closing of the nominal accounts is carried out, its main function is to certify that the largest is balanced at the beginning of the next accounting period.
Answer:
Jennifer made more money than her mother.
Explanation:
Today, Jennifer earns $50000 at her first job.
Her mom used to make $15,000 at her first job in 1975.
The CPI today is 231 and the CPI in 1975 was 82.
Purchasing power of Jennifer's mother currently
= $42,256
Jennifer's purchasing power in 1975
= $17,748
Jennifer is currently making more than what her mother could have made if she started working today. Also, she would have earned more than her mother if she had started working in 1975.
Answer:
Explanation:
a set of various licenses that allow people to share their copyrighted work to be copied, edited, built upon
It is true that this change would probably be a good move, as it would increase the ROE from 7.5% to 13.5%.
Explanation:
Equity multiplier is calculated by dividing the total assets of a company to shareholder’s equity of an organization. If a company has not raised any debt, then such company would be having equity multiplier equal to 1. t is a leverage ratio.
Return on equity is another financial measure to calculate the return. It is calculated by dividing the net income of a company to the shareholder’s equity. It directly shows the amount that a company is earning on its money invested by the equity shareholders.
living matter found at each trophic level in an ecosystem
energy available at each trophic level in an ecosystem
organisms found at each trophic level in an ecosystem
Answer:
its b 100 percent
Explanation: