The income statement columns in the end-of-period spreadsheet show that debits are equal to $55,800 and credits are $77,520. what does this information mean to the accountant?

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Answer 1

That information means the accounts are out of balance. It happened because there is probably an error that has been made previously. This happens because if $55,800 is subtracted by $77,520 it will result in an imbalance and create a loss.

An income statement is a financial document that must be owned by a company after the balance sheet and cash flow. From the report, you can see how much income and expenses are borne by the company in a certain period of time. In addition, the income statement also has several benefits as below:

Informing the total tax to be paidProvide profit or loss informationCompany evaluation referenceSee company efficiencyBe the basis for making a decision

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Related Questions

Currently, the united states exports more than it imports. true false

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Currently, the united states exports more than it imports. false

What is exports?

Because they provide people and businesses with access to a wide variety of markets, exports are crucial to modern economies. Fostering economic trade, including encouraging imports and exports for the benefit of all trading parties, is one of the main goals of diplomacy and foreign policy between governments.

In terms of cash, China, the United States, Germany, the Netherlands, and Japan were the top exporting nations in the globe in 2019, according to research firm Statista.

In all, China exported items worth about $2.5 trillion, mainly industrial and technological equipment. U.S. exports, which mainly consisted of capital goods, totaled about $1.6 trillion. The majority of Japan's exports, which amounted about $705 billion, and Germany's, which totaled about $1.5 trillion, were made up of automobiles. A total of $709 worth of exports were made by The Netherlands.

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An expanded income statement is generally divided by the different categories of revenue. the most common categories are:_________

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Answer:

sales revenue

Explanation:

under sales revenue section of the income statement we record the revenue generated from sale of goods and services

The balance has an internal mechanism other than a dial that adds weight to the balance. this internal mechanism is called the?

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The undamped torsion balance has an internal mechanism other than a dial that adds weight to the balance. This internal mechanism is called the rider.

What is the meaning of mechanism?

The term mechanism can be defined as a structure or arrangement of moving elements that performs a certain purpose, particularly in a technology.

In addition to a dial, an undamped torsion balance has an internal mechanism that gives weight. The rider is the name given to this internal system.

Therefore, it can be concluded that the correct term for the blank (a) is   undamped torsion and for the blank (b) is rider.

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Your question is incomplete, but most probably the full question was...

The [a] balance has an internal mechanism other than a dial that adds weight to the balance. This internal mechanism is called the [b].

Why do smaller economies around the world typically face more volatile inflation?

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Smaller economies around the world typically face more volatile inflation because they can be unsettled by international movements of capital and goods.

More about  inflation:

Price increases, or inflation, can be thought of as the gradual loss of purchasing power. The average price increase of a selection of products and services over time can serve as a proxy for the rate at which buying power declines.

The rate at which prices increase over a specific time period is known as inflation. Inflation is often measured in broad terms, such as the general rise in prices or the rise in a nation's cost of living.

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What are the four major psychological factors that influence consumer buyer​ behavior?.

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Consumer behaviour is influenced by four psychological factors: attitude or belief system, motivation, perception, and learning.

Motivation refers to the consumer's underlying requirements. A valuable tool is knowing how to motivate your customers.

Behaviour can also be influenced by how your target consumer views the world or learns about your product, whether online or through the offline medium.

Finally, all of the aforementioned can be influenced by belief systems. Examples include those who learn best visually. Regardless of the religious system, professionally shot pictures and visuals of your product or service can say more than a thousand words.

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People who have high self-esteem are more likely to succeed in achieving their personal goals because they?

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People who have high self-esteem are more likely to achieve their personal goals because they are driven by the desire to see their dreams and goals achieved.

How important is it to develop self-esteem?

Self-esteem corresponds to the appreciation of oneself, that is, it is the value that a person attributes to their physical, emotional and cognitive characteristics. When an individual has high self-esteem, he is more likely to face life and challenges with greater optimism, being more likely to develop strong relationships and preserve physical and mental health.

Therefore, self-esteem helps to direct the actions that are necessary to achieve personal goals and objectives, such as emotional intelligence, energy and persistence to deal with normal adversities of human life.

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The end result of electron transport is to produce an electrochemical gradient, which creates __________.

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The final result of an electron transport is to produce an electrochemical gradient that create a net positive electrical charge outside of the membrane and a net negative charge inside of the cell.

What is an electron transport?

It refers to the series of protein complexes & molecules that transfer electrons from electron donors to electron acceptors through the redox reactions and couples this electron transfer with the transfer of protons (H+ ions) across a membrane.

The electrons that transfer from NADH and FADH2 to the ETC involves multi-subunit large enzymes complexes & 2 mobile electron carriers. Some  of the enzymes in the electron transport chain are membrane-bound.

In conclusion, the final result of an electron transport is to produce an electrochemical gradient that create a net positive electrical charge outside of the membrane and a net negative charge inside of the cell.

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A trust in which the owner of the trust assets does not participate or supervise the trust's investment decisions is called a(n) _________ trust.

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A blind trust is one where the asset owner doesn't oversee or participate in the trust's investing decisions.

Blind trusts are those that are set up with neither the trustor nor the beneficiary knowing what assets are contained within them once the trust has been established. Until the assets are scheduled to be delivered to the beneficiaries or, in the case of revocable trusts, until the trustor terminates the trust, the trustee is in charge of managing the trust.

What distinguishes blind trust from trust?

The primary distinction between a blind trust and other living trust types is that, once the blind trust has been established, neither the trustor nor any of the beneficiaries have any control over the trust or the assets included therein.

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An expectation that is related to how the project manager manages the project is a __________ expectation.

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An expectation that is related to how the project manager manages the project is a process expectation

A process expectation is a type of expectation that relates directly to the execution of a business project and how it is managed by the project manager in terms of planning, resource management, implementation and completion of the project and a business plan established by the company.

What is a business plan?

A business plan is a document in which the company establishes its objectives and goals along with the activities to be carried out to achieve these objectives and goals that have been set.

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In the ________ conflict management style, people have low concern for meeting others and their own needs. question 28 options: forcing avoiding accommodating compromising

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In the Accommodating conflict management style, people have low concern for meeting others and their own needs. question 28 options: forcing avoiding accommodating compromising

This is further explained below.

What is Accommodating conflict management?

Generally, The method of dealing with conflicts known as "accommodating" is one in which a person puts aside their own issues and makes room for the problems of another person to take precedence.

The accommodating approach is characterized by a lack of decisiveness, as well as sacrifice and generosity.

In conclusion,You are willing to give up almost everything in order to maintain the relationship with the other person.

When the present problem is something that is of small importance to you, it is completely reasonable to apply this technique since it will help you feel more in control of the situation.

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Assume the plum corporation has two different issues of common stock. one issue carries voting rights, and the other issue does not. in this situation, plum is said to have issued?

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Assume the Plum Corporation has two different issues of common stock. One issue carries voting rights, and the other issue does not. In this situation, Plum is said to have issued classified stock.

A legal entity is a form of legal entity that is also a separate legal entity from its owner. All companies are companies, but not all companies are necessarily companies. The standard answer today is that the purpose of a corporation is to benefit its shareholders.

Definition: A product is an item offered for sale. Products are services or items. It can be in physical or virtual or cyber form. All products are made at a price and sold at a price. The price that can be calculated depends on the market, quality, marketing and target segment. A product is an item or service that you sell to satisfy a customer's needs or desires. they are physical or virtual. Physical products include durable goods (such as cars, furniture, and computers) and consumables (such as food and beverages).

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According to the integrated marketing communications approach, a company's marketing and promotional activities should ______.

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According to the integrated marketing communications approach, a company's marketing and promotional activities should project a strongly unified image to the marketplace.

What does integrated market means?

Integrated marketing is a procedure for conveying a brought together message across all the marketing channels your image utilizes.

It gives consistency any place clients decide to cooperate with an organization. Without an integrated marketing system, you risk conveying blended messages or imparting in a detached voice.

Having a familiarity with integrated marketing correspondences permits an organization to make a multi-pronged marketing effort that objectives more extensive crowds.

Therefore An expert's in integrated marketing correspondences shows understudies how to decide the right channels.

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An increase in depreciation expense will ____ cash flows from operations. multiple choice question. increase not affect decrease

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An increase in depreciation expense will not affect flow cash flows from operations.

Depreciation is an accounting term for the idea that assets depreciate in value over time. An asset loses value after a given period of time because the business can no longer use it.

It’s critical for business owners to understand the depreciation calculation process. It can assist you in figuring out what your actual business expenses are. Your assets could need to be replaced after a given amount of time, and if this isn’t taken into account in your revenue estimates, you can be underestimating the costs your organisation will have to bear.

Cash flow is not directly impacted by depreciation. However, because it alters the company's tax responsibilities and lowers cash outflows from income taxes, it does indirectly affect cash flow. If accelerated depreciation techniques, such as double-declining depreciation, are an option, the impact of depreciation on cash flow may be much greater. This lowers your taxes even more by increasing the amount of depreciation that is tax deductible.

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An employee organization that represents hourly workers as opposed to salaried employees is called a(n) ______.

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An employee organization that represents hourly workers as opposed to salaried employees is called a union.

What is union?

Labor unions and trade unions are organizations started by workers in related fields to advance the interests of their members. They offer support to workers on issues like pay parity, fair working conditions, and benefits.

The benefits you cherish, such as appropriate salary increases, affordable health insurance, job security, and a regular schedule, are guaranteed by a contract that is created and upheld by union members and management. speaking at work. better working conditions, free from retaliation worries.

An illustration is the merging of two people. An example of a union is a group of autoworkers who have united to negotiate the terms of their collective bargaining agreement. either the act or state of being united.

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What would the total cost per unit be for us to engage in foreign direct investment dr tasty?

Answers

Answer:$2.97

Explanation:

don’t know just got it right

A firm has $100 million in revenues. does that mean it has generated a cash flow of $100 million?
a. no.
b. yes.

Answers

A firm has $100 million in earnings. No, that does not mean it has generated a cash flow of $100 million.

How do you know if a business is positive cash flow?

The balance you owe on your card will not estimate as a “cash outflow” until the deficit is paid. After your computations, if your closing balance counts up to be greater than your starting credit, your cash flow is positive. If it adds up to be inferior, your cash flow is negative.

Accrued Revenue

In accrual analysis, revenue is reported at the time a sales marketing takes place and may not necessarily represent currency in hand. Revenue ultimately impacts cash flow formations but does not automatically have a direct effect on them.

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The role of hr professionals in organizations has evolved from primarily a(n) ________ role into more of a strategic role within the organization.

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The role of HR professionals in organizations has evolved from primarily a(n) Administrative and Compliance role into more of a strategic role within the organization.

Administrative Role of HR professional in an organization are:-

Framing and keeping up with representative records.

Refreshing data sets inside, for example, wiped out and maternity leave.

Getting ready and changing where vital HR records, for example, business agreements and enlistment guides.

Inspecting and re-establishing organization strategies and lawful consistence.

Speaking with outside accomplices.

Compliance role of HR Professional is the responsibility of the business to adhere to the functioning guidelines set out by work regulation. Further, this influences the frameworks, strategies as well as documentation.

Additionally, it suggests that the representatives should get all qualifications in their business contract.

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How will an increase in demand and a simultaneous decrease in supply affect the equilibrium price and quantity of a good in a market?.

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Although the impact on the equilibrium quantity cannot be determined, a rise in demand and a decrease in supply will result in an increase in the equilibrium price.

Consumers now place a higher value on goods in any quantity, and producers must charge a higher price to offer the goods; as a result, prices will rise. An equilibrium price, also known as a market-clearing price, is the consumer cost ascribed to some product or service such that supply and demand are equal, or close to equal. The manufacturer or vendor can sell all the units they want to move and the customer can access all the units they want to buy.

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When people define high quality customer service, three components are identified frequently. what are these three components?

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The correct options are (a) Personal attention, (d) Employee competence, and (e) promptness.

Three elements are usually mentioned when discussing what constitutes high-quality customer service. These three components are Personal attention, Employee competence, and Promptness.

What is high-quality customer service?

Meeting customer expectations is the secret to providing excellent customer service. When a customer contacts you, you should respond by doing that.

Consistently exceeding clients' expectations is what constitutes good customer service. Excellent customer service is prompt, simple, individualized, and sympathetic. Businesses that provide outstanding customer service invest the time necessary to comprehend the needs of their specific clientele.

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The complete question is:

"When people define high-quality customer service, three components are identified frequently. These three components are:

a. Attractive employees

b. Personal attention

c. Good Web site

d. Employee competence

e. Promptness"

If an investment of $400,000 were to grow to $5,000,000 over a period of 20 years, what is the stated annual rate at which it must be invested, given that the return is compounded semiannually?

Answers

If an investment of $400,000 were to grow to $5,000,000 over a period of 20 years, 13.04% is the stated annual rate at which it must be invested, given that the return is compounded semiannually.

Considering that the return is compounded semi-annually,

PV = $400,000, FV = $5,000,000, N = (20)(2) = 40, and CPT I/Y:

Semiannual discount rate is equal to 6.52%.

Assumed yearly rate = 6.52 x 2 = 13.04%

Which Annual Interest Rate Is Stated?

The return on investment (ROI) presented as a yearly percentage is known as the stated annual interest rate (SAR), or ROI. It is a straightforward computation of interest rates that does not take annual compounding into consideration.

POINTS TO NOTE

The yearly rate that is presented is an annualized rate of interest that does not account for intra-year compounding.

The intra-year compounding of interest is taken into account by effective yearly rates.

Depending on the financial product, banks frequently display the rate that seems to be more attractive.

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Dr. gonzalez is collecting a detailed account of one of his clients. which research method is dr. gonzalez using?

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Dr. gonzalez is collecting a detailed account of one of his clients. which research method is dr. gonzalez using was Convergent validity

The new scale's convergent validity assesses how well it correlates with other variables and measures of the same construct. The construct should not only be correlated with similar, related factors, but also with dissimilar, unrelated ones.

What is Convergent validity ?

Convergent validity describes how strongly responses on one test or instrument correlate with those on conceptually related tests or instruments. Construct validity has two facets, the other of which is discriminant validity. likewise known as congruent validity.

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10.vinton+credit+corp.+wants+to+earn+an+effective+annual+return+of+15%+per+year+on+its+consumer+loans.+they+use+daily+compounding+of+interest.+what+is+the+apr+on+these+loans?

Answers

The Annual Percentage Rate (APR) is the price you pay each yr to borrow money, along with fees, expressed as a percentage. The APR is a broader measure of the value to you of borrowing money considering the fact that it displays no longer solely the interest rate but also the costs that you have to pay to get the loan.

Is APR higher than activity rate?

The APR, however, is the greater high quality fee to think about when evaluating loans. The APR consists of not only the hobby cost on the mortgage but also all expenses and other expenses worried in deciding to buy the loan. These fees can include broking fees, closing costs, rebates, and cut price points.

What is a excellent APR?

A excellent APR for a credit score card is 14% and below. That is higher than the common credit card APR and on par with the costs charged with the aid of credit playing cards for people with extraordinary credit, which tend to have the lowest everyday APRs. On the other hand, a high-quality APR for a savings card is 0%.

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In modern states, bureaucracy is a must have. group of answer choices
A. true
B. false

Answers

The above statement with regard to bureaucracy is true. Thus, option (A) is correct.

What is bureaucracy?

Bureaucracy refers to the group of the people in the administration participating in the process of policymaking. They are non-elected government officials.

A bureaucracy was historically a government administration governed by departments manned by non-elected individuals. Bureaucracy is essential in modern nations. Therefore, it can be concluded that option (A) is correct.

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The mass culture theory results from viewing cinema as a(n)? economic institution. social institution. technological institution. psychological institution.

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The mass culture theory result from viewing cinema as a social institution.

Films that are widely disseminated and accessible can readily reach popular culture or mass culture.

Institutions in the theater or, more broadly, the arts have traditionally been on the front lines of managing societal crises or revolutions. Theatres serve as first responders, metaphorically, by providing locations and settings for enlarged depictions of the risks and challenges that society faces.

MASS CULTURE: Typically, the term "mass culture" refers to a culture that results from the centralized production methods used by the mass media.

The mass culture theory result from viewing cinema as a social institution.

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Assuming you have a tcf free student checking account, which fee would end up costing you extra money?
a. out-of-network atm fee
b. monthly maintenance fee
c. paper statements fee
d. account closing fee

Answers

You have a tcf free student checking account, which fee would end up costing you extra money Out-of-network ATM Fee
therefore the correct option is A

TCF Student free checking

The Federal Deposit Insurance Corporation insures this account up to $250,000 per person (FDIC). You are protected by the FDIC, an independent agency of the US government, in the event that a bank or savings organisation that has deposits insured by the FDIC fails. The entire confidence and credit of the US government supports FDIC insurance.

No monthly charge.
There is no monthly service fee associated with this account.
Zero ATM fees.
For ATM transactions made inside the TCF Free Student Checking network, there are no fees, however outside the network, there may be a price of up to $3.
Pay bills.
Use TCF Bank to pay your bills to just about anyone in the US.

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Who will receive the vaccines if the university health center sells them for the $20.00 market price?

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The students who will receive the vaccines if the University Health Center sells them for $20.00 are the students who will pay for them at that price.

Who will receive the vaccines?

The University Health Center has set a price of $20.00 for the vaccines which means that if a person wants a vaccine, they need to pay $20.

The people who will receive the vaccines therefore, are those students who are willing to pay for the vaccines at the price of $20.00.

Full question is:

University Health Center receives 500 flu vaccinations at the beginning of each flu season. Suppose they offer these vaccines for $20.00 each. Assume that college students have varying budgets, some have some money to spare, some are on a very tight budget. Some students have pre‑existing conditions, such as asthma and diabetes, that place them at high risk for the flu.

Who will receive the vaccines if the University Health Center sells them for this price?

the students who will pay for them at that price the students who most need them the students with asthma and diabetes the students who most want them

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Each row of the production possibilities schedule illustrates the amount of a good or a service that may be produced, given the production of the other. True or false?.

Answers

This is a Firm and True Statement.

Each row of the production possibilities schedule illustrates the MAXIMUM amount of a good service that may be produced given the production of the other.

A production possibilities schedule demonstrates the fundamental economic principle of opportunity cost, which states that the economy must forgo producing one thing in order to create another. The incredibly helpful production possibilities curve is likewise derived from a production possibilities schedule (or frontier)What is an example of a production possibility?The trade-off between manufacturing one good vs another is gauged by the production possibilities curve. Consider a scenario in which a country produces 120,000 apples and 20,000 oranges. That is the point B on the diagram. It must produce fewer apples if it wishes to grow more oranges.

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You are a student with a demanding schedule of classes. you also work part time and your supervisor allows you to determine your schedule. in this situation, your scarce resource is?

Answers

Training Needs Analysis Principles

The main purpose of training activities is to bring about change: from a particular state of knowledge and abilities (or lack thereof) among a particular set of people to a condition that is characterized as superior, improved, and more advantageous in the context of achieving some pre-specified goals. An organization's efforts to reach a different—and, by extension, better—and desired condition of operation are indicated by training activities.

Training requirements result from shortcomings caused by limitations or flaws in human behavior, including knowledge gaps or aptitude. They should be set out from other elements that have an impact on how organizations operate in this way. Notably, it is uncommon for actual developmental limits to be caused by a lack of competencies among those who make up the organization.

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Which command shows you detailed information about replication status, including information on each partition?

Answers

You may see the replication status by running the repadmin /showrepl command. The command repadmin /replsummary should help if you want a summary of the overall replication health.

You can learn about the replication topology and replication failures by using the repadmin /showrepl command. Each source domain controller from which the destination has an inbound connection object is reported on in terms of its status. Directory partitions are used to categorize the status report.

You can view the replication status for the current DC by using the command Repadmin /Showrepl. The most recent attempt to duplicate Active Directory partitions is shown. Run this command for any domain controller you suspect is not receiving replication updates.

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What is the price of a coupon bond that has annual coupon payments of $75, a face value of $1000, interest rate of 5%, and a maturity of two years?.

Answers

The price of a coupon bond that has annual coupon payments of $75, a face value of $1000, an interest rate of 5%, and a maturity of two years is $1046.49.

In finance and economics, interest is the price from a borrower or deposit-taking economic group to a lender or depositor of a quantity above compensation of the predominant sum, at a particular price. it is distinct from a fee that the borrower may pay the lender or some third birthday celebration.

Interest is defined as the quantity of money paid for the usage of a person else's cash. An example of the hobby is the $20 that changed into earned this yr on your savings account. An instance of interest is the $2000 you paid in interest this 12 months on your own home mortgage.

The payment of the hobby makes up for this inconvenience. 2nd, a borrower may additionally default at the mortgage.

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