Answer:
The correct answer is D. 2007.
Answer:
Here is the trial balance for company XYZ ltd:
Sales: $1,000,000
Purchases: $265,000
Vehicles: $647,000
Creditors: $650,000
Debtors: $673,000
Rent: $75,000
Wages: $90,000
Loan from bank: $100,000
To ensure the trial balance is balanced, we need to calculate the total debits and credits. In this case, the debits are Sales, Purchases, Vehicles, Rent, Wages, and Loan from bank, while the credits are Creditors and Debtors.
Total Debits:
$1,000,000 (Sales) +
$265,000 (Purchases) +
$647,000 (Vehicles) +
$75,000 (Rent) +
$90,000 (Wages) +
$100,000 (Loan from bank) = $2,177,000
Total Credits:
$650,000 (Creditors) +
$673,000 (Debtors) = $1,323,000
Since the total debits ($2,177,000) do not equal the total credits ($1,323,000), there may be an error in the trial balance. Double-checking the calculations and reviewing the account balances will help identify any discrepancies.
Please note that the trial balance only lists the balances and does not account for specific account types or financial statements. It serves as a tool to ensure the total debits and credits are in balance before preparing financial statements.
b. John
d. Rockefeller
c. Herbert Spencer
d. William G. Sumner
People may start looking elsewhere for them if an economy is unable to supply the desired products and services.
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Answer:its B
Explanation: yes
2. false:
Answer:
The answer is False
Explanation:
Darlene will be the one assessed tax on dividends, tax if charged in daughter's account will result in double taxing
Answer:
D) overhead
Explanation:
Overhead costs are the fixed costs or indirect costs or a project. This means that they are not directly related to the production process or the delivery process. Overhead costs are divided into:
Depending on the project's scope and required tasks, projects can be crashed to reduce both direct and indirect (overhead) costs. Shorter project schedules can result in lower overhead costs, even if the direct costs are not affected, e.g. less rent, less supervisors, shorter equipment leasing times, etc.
Answer:
Overhead costs
Explanation:
When high overhead costs are recognised before project starts there will be a need to manage them. Since overhead cost increase as duration of project increases, reduction in project duration will go a long way in reducing cost incurred.
Overhead costs can include wages, rent, utility bills, maintenance costs and so on. They can also be reduced when costs that are not adding value is recognised.