Explanation:
A general ledger is one several record books bookkeepers use to record the relevant account transactions of their business.
It used primarily to record transactions related to assets, liabilities, business capital, revenues, and expenses. First, after transactions are recorded in the journals entry they are then posted in general ledger accounts.
Note that the general ledger is a two-columned T-shaped table, in which debit entries are placed on the left side and credit entries on the right. Which may include the transaction description, and the date of the transaction.
Before an angel investor is willing to loan money to Chloe so she can start a
private school, Chloe must create a defined exit strategy. What would the
purpose of the exit strategy be?
O A. To minimize competition from international companies
B. To enhance the possibility that the angel investor will be repaid
C. To ensure that government wage laws are followed
D. To avoid overpayment of corporate taxes
Answer: B. To enhance the possibility that the angel investor will be repaid.
Explanation: Angle investor wants to be sure of what they are getting into and as such requires Chloe to come up with what is called an exit strategy which is very crucial as the future of a business might not be so certain. A business exit plan could be explained as a strategic workplan which a business owner may take at selling his business to investors either to make substantial profit or ensure damage limitation. Therefore, with a good exit strategy, business owners have a very good chance of making substantial profit or very little loss. This is why angel investor requires Chloe to come up with a defined exit plan, so they it can be sure that Chloe will repay her loan.
What was the result of developed countries extracting resources from their colonies?
A. The colonizers used these resources to help the colonies build
their infrastructure.
B. Developed countries lost jobs to the colonies because labor was
cheaper there.
C. Trade wars began among the colonies to attract investment from
developed countries
D. There was a one-way flow of wealth favoring the colonizers.
Answer: D. There was a one-way flow of wealth favoring the colonizers.
Explanation:
With the Colonists simply taking resources and not paying the colonies for it, there was a one way flow of wealth which favored them alone. Had the colonists paid for the goods and then processed them for resale (as developed countries do now), there would have been at least some sort of wealth flowing back to the colonies for the resources they possessed. The Colonists were essentially not paying for raw material inputs for production and simply reaped all the benefits after processing.
Average consumers spend 7% of their income on utilities. The scotts' annual income is
$42,000. Assuming that utility payments are the same each month, how much of the Scotts'
monthly budget should cover the cost of utility bills?
O $700
O $245
O $2860
O $2940
Answer: $245
Explanation: $42,000 - 7%= $2,940. $2,940 /12 months= $245
Which of these is an example of a trade restriction?
A. A tax on all sales
B. A law against cartels
C. A zoning ordinance
D. A tariff on imported cars
Answer:
A tariff on imported cars
Explanation:
Answer:
D. A tariff on imported cars
Explanation:
Why does the government need to collect taxes?
O A. To control the money supply and manage economic growth
B. To provide investments for domestic industries
ОО
C. To prevent international trade from costing jobs
D. To ensure competition and protect consumers
Option (a) is the best choice. To regulate the money supply and oversee economic growth, the government needs to collect taxes.
Why is it necessary for the government to collect taxes?The majority of this income goes toward funding government operations (such as maintaining infrastructure and paying employees' salaries), as well as purchasing products and services for American individuals and businesses.
The government collects taxes to fund the services and goods it offers, such as roads, schools, police protection, libraries, parks, and law enforcement. The largest source of money for the federal government is the individual income tax. Every dollar the government receives comes from this source, or about 50 cents.
What makes paying taxes to the government important?Your taxes go toward paying government employees as well as supporting the police and fire departments. The safety and upkeep of the roads you use are made possible by tax money. Taxes are used to fund public spaces like parks, libraries, and other amenities.
Learn more about government needs to collect taxes: https://brainly.com/question/10428241
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Which of these methods allows people to make payments by mail when they do not have a checking account? A: Electronic withdrawal B: Money order C: Automatic deduction D: Online payment
Answer:
D
Explanation:
Its obvious cuz u can do it just two steps!
Answer:
B. Money Orders
Explanation:
Money orders were widely popular in older days when not everyone had a banking account or when banks were not as popular.
Rest of the options require you to have a checking account or some form of account like credit accounts but money orders only care about money and although money orders looks similar to bank checks they ARE NOT bank checks as they are not linked with bank accounts. Money orders can be bought from post offices or places like USPS.
Orlando’s business wants to enact an affirrimative action plan which of the following would not be a part of the process
Answer:
C). Firing majority workers who perform the least well.
Explanation:
An Affirmative action plan is characterized as the management tool that details of present and future course of action/procedure in order to ensure the rights of every individual on the basis of their caliber, ability, and merit irrespective of their race, gender, class, religion, disability, etc. It primarily aims to offer a fair entry to employment opportunities for all and develop a work community that reflects the demographics of a proficient and qualified workforce. Thus, 'firing majority workers who perform least well' would not be a part of this process as it offers fair access to opportunities on the basis of ability. Therefore, option C is the correct answer.
Using weighted average, the cost of goods sold for the sale of 23 units on July 31 is ____ and the inventory balance at July 31 is
Answer:
the correct answer is.
Explanation:
hope this helps u!!!!!
Question 5 of 24
Which theory accounts for the difference in salary paid to medical doctors
and child-care workers?
A. Elastic and static desire
B. Need and want
O C. Supply and demand
O D. Regulation and distribution
Answer:
I think C
Explanation:
Supply and Demand because there are more child care workers like teaches then doctors so they are payed less.
I hope this help!
Mason pays $251 monthly for auto insurance. He had an accident involving another car. His
insurance company paid $2500 to settle the claim. At the end of the year, did the insurance
company make a profit from Mason?
O No, the amount of the claim was more than a year's worth of payments.
O Yes, the year's worth of payments is more than the amount of the claim.
O Yes, the year's worth of payments is less than the amount of the claim.
O No, the amount of the claim was less than a year's worth of payments.
Answer: Yes, the years worth of payments is more than the actual claim
Explanation:
the claim was $2500 and he payed $3,012 a year for insurance