Explanation:
While preparing the post closing trial balance, we record the permanent account while the temporary accounts are not records. So, the permanents accounts that are recorded are given below:
a. Accounts Receivable
b. Cash
c. Doug Woods, Capital
d. Equipment
e. Land
f. Salaries Payable
g. Unearned Rent
All other account balances reflects that they are temporary accounts. Hence, ignored it
The post-closing trial balance will typically include Accounts Receivable, Cash, Doug Woods, Capital, Equipment, Land, and Salaries Payable. It doesn't include temporary accounts which are closed at the end of the period.
The post-closing trial balance includes only the permanent or real accounts that have balances after the closing process. In the case of the accounts provided, the post-closing trial balance will usually include a. Accounts Receivable, b. Cash, e. Doug Woods, Capital, g. Equipment, h. Land, and i. Salaries Payable. Temporary or nominal accounts such as c. Depreciation Expense, d. Fees Earned, f. Doug Woods, Drawing, j. Unearned Rent, k. Wages Expense are closed at the end of the period and therefore, don't usually appear in the post-closing trial balance.
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Answer:
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Explanation:
Answer:
Ending Cash balance 113,000
Explanation:
Beginnin 76,000
Cash receipts 304,000
payment of DM (137,000)
payment of DL (77,000)
other cash expenses (43,000)
loan repayment (10,000)
Ending Cash balance 113,000
Answer:
swimming pool is public good. basketball court public good. museums with admission fee are club good, metered parking public good. flood control public good
Explanation:
b. significantly increase the demand for inputs when expanding output, and as a result, input prices rise
c. do not use inputs in sufficient quantities that a change in industry output would affect the prices of the inputs.
d. are those in which the cost curves of individual firms shift upwards as industry output expands.
Answer:
The correct answer to the following question will be Option C.
Explanation:
The other choices are not linked to an industry of this kind. Therefore the clarification above is correct.
b. Taxpayers, who no longer must provide funds to purchase surplus units of the product once the price support program is in place
c. The government, which receives subsidy payments from producers that are required to sell more of the product at a higher price under the government's program
d. Producers, who earn a higher price on the sale of each unit and also sell more units, thereby unambiguously earning higher revenues
Answer:
d. Producers, who earn a higher price on the sale of each unit and also sell more units, thereby unambiguously earning higher revenues
Explanation:
A government price support program is when the government impose a price limit on a product to control the price of the product i.e price floor, and also the purchase of any surplus. The price floor and the purchase of any surplus for the product encourages the producers to produce more of the product.
Since price floor must be higher than the equilibrium price for it to be effective, the producers of the agricultural product earn more by selling in units and also earn more for selling any surplus to the government.
Answer:
b. Stocks that outperform the index in March always underperform it in April.
d. Stocks that outperform the index in March always outperform it in April.
Explanation:
The Efficient market hypothesis states that in an efficient market, all the available information in the market are reflected in the prices of the stocks being traded. As such, all stock are fairly priced.
Stocks that perform in a certain way in March and then in another way in April are violations of the hypothesis. This is because if indeed the market was efficient, the prices would adjust to reflect the different performances by month such that there would be no more fluctuations.