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.
The company's managers should not accept this project. The first project exhibits decreasing cash flows, and the project's Modified Internal Rate of Return (MIRR) would be 8.37%, assuming Jamison's desired rate of return is 7.00%.
As this MIRR is greater than Jamison's desired rate of return, the company's managers should accept this project.
For the second project, the MIRR is 6.70%, assuming Jamison's desired rate of return is 7.00%.
As this MIRR is less than Jamison's desired rate of return, the company's managers should not accept this project.
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Answer:
The correct answer is option a.
Explanation:
A Minnesota farmer buys a new tractor made in Iowa by a German company.
This transaction will lead to an increase in US investment and US GDP. There will be no effect on German GDP.
Since tractor is a capital good its purchase will be included as investment expenditure. Even though the company is German, the production and sale take place within the geographical boundaries of the US, the transaction will be included in the US GDP, not in German GDP.
B) preapproach
C) prospecting
D) approach
E) presentation
Answer:
B
Explanation:
b. Cyclical
c. Structural
d. Frictional
The answer is B-Cyclical
The second stage describes the growth part of the business cycle.
What is business cycle?
The term “business cycle” refers to the expansion of a business as well as the rise and fall of the economy. The business cycle refers to the various economic factors such as interest rates, investment, the trading system, profit, and production costs.
There are the four fundamental stages of the business cycle, such as first is expansion, second is peak, third is contraction, and last fourth is trough. The second stage, the peak stage, was the growth of the maximum rate of business. The peak simply means the imbalance of the economy that needs to be corrected at the right time.
As a result, the business cycle was the second stage of the peak related to the growth.
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When the business is just starting. This is the second stage of a business cycle