A company makes adjusting entries monthly. Its unadjusted trial balance on December 31 reports Income Taxes Expense of $100,000 and Income Taxes Payable of $20,000. The company's Tax Department estimates Income Taxes Expense for the entire year as $130,000. After making the necessary adjusting entry, the company's adjusted trial balance will report a

Answers

Answer 1

The company's adjusted trial balance after making the necessary adjusting entry will report a :

Debit balance in Income Taxes Expense of $130,000.

Credit balance in Income Taxes Payable of $50,000.

What is an adjusted trial balance?

A trial balance is the arithmetical accuracy of the ledger. An adjusted trial balance is a listing of the ending balances in all accounts after adjusting entries have been prepared.

The adjusting entry requires a $30,000 debit to Income Taxes Expense, which will increase its balance to $130,000 in the adjusted trial balance.

It also requires a $30,000 credit to Income Taxes Payable, which will increase its balance to $50,000 in the adjusted trial balance.

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Related Questions

Capital Chemicals Corp. recently faced a legal hassle after which many of its process operators resigned voluntarily. Thereafter, the company faced a shortage of efficient and experienced process operators. Which of the following kinds of turnovers does this scenario exemplify?A) Dysfunctional turnover.
B) Reactive turnover.
C) Regressive turnover.
D) Functional turnover.

Answers

Answer: Dysfunctional turnover

Explanation:

Professionally managed and centrally coordinated marketing channels that are designed to achieve channel economies and maximize marketing impact are known as Blank______.

Answers

Vertical marketing systems are professionally managed and centrally coordinated marketing channels that are designed to achieve channel savings and maximize marketing impact.

How do vertical marketing systems work?

The distribution channel system is organized and structured, where there is the integration and collaboration of wholesalers and retailers to increase the quality and speed with which the product reaches the end customer.

Therefore, this is a strategy implemented to generate value for the consumer, competitiveness and market positioning.

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A common advantage of a promotion is that ______. A. You will have longer hours b. Your relationships with your peers will change c. You will receive better pay d. You may have to learn to do new tasks Please select the best answer from the choices provided A B C D.

Answers

Answer:

C

Explanation:

If price is greater than marginal cost, a perfectly competitive firm should increase output because.

Answers

Explanation:

If marginal revenue is greater than marginal cost, a firm will produce that unit of output because it can make a profit on that last unit of output. A firm will not produce that last unit of output where marginal revenue is less than marginal cost because a loss would be made on that last unit of output

Read the results from a survey of consumers in Anytown. • Fourteen percent of participants desire a store that offers custom-made shoes. • Thirteen percent of participants plan to purchase a new phone in the next year. • Fifty-two percent of participants think an additional pizza place is needed. • Twenty-one percent of participants say they purchase bagels on a daily basis. Based on the survey data, what will occur if a new pizza place opens

Answers

Answer:

D). It will help to satisfy the demand

Explanation:

The opening of a new pizza place would assist in 'satisfying the demands of the customer' which was not being fulfilled earlier. Since the locality has a high demand for pizza and existing pizza shops are unable to cater to this demand completely. This is why the majority of people i.e. 52% feel the requirement of a new pizza place which would help in catering to their demands efficiently. Thus, a new pizza place would increase the supply and balances the demand and supply. Hence, option D is the correct answer.

Answer:

It will help to satisfy the demand

Which factors can affect a stock's price? Check all that apply.
market performance
the company's financial health
the quantity products produced
location of the company
the economy

Answers

Answer:

market performance

the company's financial health

the economy

Explanation:

Stocks or shares represent small units of ownership in a business.  The stocks of a public limited company are traded in the stock exchange markets. Investors trading shares are guided by the potential to make profits in deciding what shares to buy.

Share that shows signs of good returns attract many buyers.  Investors will focus on a company's financial health as presented in financial statements, the overall state of the economy, and the general market performance to evaluate profits potential. If the conditions are favorable, a stock price will always be rising and present opportunities for profits.

Answer:

1, 2, 5

Explanation:

Allison is a manager for a new project and has carefully selected her team of talented and hardworking individuals. She quickly orients everyone to the project and identifies why each were selected and what they bring to the team. Together, they are able to complete the project ahead of schedule and with higher quality than anticipated. This is an example of group ______.

Answers

If they completed the project ahead of their schedule this is an example of group synergy.

What is group synergy?

Group synergy can be defined as the process of being a team player working together or hand in hand with the team member so as to makes the team more stronger.

A team player is someone that carry is team member along so as to achieve their task or  to effectively the complete their set project.


Inconclusion if they completed the project ahead of their schedule this is an example of group synergy.

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What are four things you can do during an interview to ensure you project a positive attitude?

Answers

Answer:

Make eye contact, smile sometimes, speak respectfully, and thank them for their time after the interview to ensure you reflect a positive attitude.

Explanation:

hope this helps

Four things you can do during an interview to ensure you project a positive attitude are:

Dress for Success.Boost Confidence.Focus on Posture.Smile.

How to ensure you project a positive attitude during an interview?

Everything depends on how you seem. Even if there is a casual dress requirement and the interview is being conducted by video, choose business clothes. According to Amy Cuddy, a social psychologist at Harvard Business School, standing in a power stance for two minutes can improve your performance and confidence.

This position involves raising your chest, holding your head high, and supporting your arms on your hips. The Power Pose extends to your posture. You might give the impression that you lack confidence by slouching, avoiding eye contact, and moving your body away from the interviewer. Even when you're not in a good mood, smiling will make you feel better. A grin might help you feel more positive as you enter a job interview.

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#SPJ6

1 Which one of the following is not Which one of the key roles / purposes of marketing within
business?
A To identify potential customer groups
B To inform customers about the business's product or service
C To prepare cash flow forecasts
D To understand customers and their needs
Your answer

i

Answers

I’m pretty sure it’s B sorry if I’m wrong

a
Christopher can pay $20 for one pair of shoes or $30 for two pairs of shoes. The
marginal cost of the second pair of shoes is
O $10
O $20
O $25
O $30
O $50

Answers

Answer:

O $10

Explanation:

Marginal cost refers to the extra expense incurred by purchasing, selling, or producing one more unit of a product. Calculating the marginal cost will require isolating the cost of the extra unit from the other expenses.

For Christopher, the cost associated with the first pair is $20.  the cost rises to 30 with the purchase of a second pair. The extra cost incurred due to the purchase of a second pair is $30 mins $20

=$30-$20

=$10

The additional expense incurred by purchasing, selling, or creating one more unit of a product is referred to as marginal cost. Christopher's marginal cost of the shoes cost $10.

What is the marginal cost of the Shoes?

The first pair of shoes will set you back $20 for Christopher. 

With the purchase of a second pair, the price jumps to $30. 

The additional cost of purchasing a second pair is $30 minus $20

[tex]\text{One pair of Shoes} = $30 \text{ dollars}\\\text{Christopher's paying ability} = $20 \text{ dollars}\\\text{Marginal cost} = 30 - 20\\\text{Marginal cost} = 10 \text{ dollars}[/tex]

Therefore, option (a) or (i) is the correct answer.

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What is the difference between a routine and a major decision

Answers

Answer: routine decision- the type made every day without much though

planned decision- use more time and energy to make the best choice

Explanation: i really hoped it helped.

Broker Zeke is busy and doesn't have time to go to the bank, so he deposits his client's earnest money funds into his personal account. He plans to move the funds to the appropriate account within a week. This violation is an example of ______.

Answers

Assuming  He plans to move the funds to the appropriate account within a week. This violation is an example of Commingling.

What is Commingling?

Commingling occur when a client or a customer put a fund in the care of a trustee and the trustee went ahead to deposit the money into his account making it hard for the trustee to know which money belongs to him and the money that belongs to his customer.

Based on the given scenario Broker Zeke has committed breach of turst  because he cannot account for his client money.

Inconclusion this violation is an example of Commingling.

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PLEASE HELP IM BEGGING:)))

Complete the following questions related to the market supply for apples:
1) In which of the following markets would the supply of apples be more inelastic?
(T 1 mark)
a) apples in the present growing season.
b) apples in the next 10 years.
2) Justify your answer for question 1 by using at least two of the factors that affect
the elasticity of supply. (T 1 mark C 2 mark)

Answers

Answer:

SORRY I DIDN'T KNOW THE ANSWER OF YOUR QUESTION

Check my answer please! A house worth $180,000 has a coinsurance clause of 75 percent. The owners insure the property for $101,250. They then have a loss that results in a $50,000 claim. They will receive $_____ .00 from insurance.

I got $21093.75 but it says I'm incorrect?

Answers

Answer:

I've done the math and got 37,500.

When a tax is placed on the sellers of a product, buyers pay.

Answers

Answer:

Buyers pay more

Explanation:

The ultimate effect of tax in on the end user

If the u. S. Dollar appreciates and prices remain the same at home and abroad, foreign goods become ________ expensive relative to american goods, pushing the u. S. Trade balance toward ________.

Answers

If the u. S. Dollar appreciates and prices remain the same at home and abroad, foreign goods become less expensive relative to American goods, pushing the U. S. Trade balance toward a deficit.

What does it mean when a currency appreciates?

A currency appreciates when the value of the currency increases. For example if $1 is equivalent to 1000 rubles. If the US dollar appreciates, it can buy more rubles. For example 1200 rubles.

When a currency appreciates, it purchasing power increases. Thus, import would increase and export would reduce. This would lead to a negative trade balance.

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The full cost of attendance to an institute of higher education, including tuition, room and board, books and other costs is known as _____.

Answers

A cost of attendance encompasses the full cost of attendance to an institute of higher education, including tuition, room and board, books etc

What is a cost of attendance?

This means the college's total estimated expenses for a year which includes tuition, room and board, books, supplies, transportation, loan fees, miscellaneous expenses etc.

These cost is used also used to determine each student's eligibility for financial aid such as grants and loans.

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An increase in temperature causes a _____ collision frequency and energy and therefore _____ the rate dramatically.
a) greater; decreases
b) lower; decreases
c) greater; increases
d) lower; increases

Answers

Answer:

c) greater; increases

Explanation:

Energy will cause atoms/molecules to gain kinetic energy.  That energy is converted to motion as the entities absorb the heat and store it as kinetic energy.  This causes the molecules to move more rapidly and results in a higher rate of collisions with neighboring atoms/molecules.

Bullying, "according to noted expert Dan Olweus, "poisons the educational environment and affects the learning of every child. " Bullying and victimization are evident as early as preschool, with the problem peaking in middle school. Suppose you are interested m the emotional well-being of not only the victims but also bystanders, bullies, and those who bully but who are also victims (bully-victims). You decide to measure depression in a group of victims and a group of bully-victims using an 18-item. 5-point depression scale. Assume scores on the depression scale are normally distributed and that the variances of the depression scores are the same among victims and bully-victims.

The group of 23 victims scored an average of 40. 1 with a sample standard deviation of 10 on the depression scale. The group of 28 bully-victims scored an average of 46. 8 with a sample standard deviation of 11 on the same scale. You do not have any presupposed assumptions about whether victims or bully-victims will be more depressed, so you formulate the null and alternative hypotheses as:__________.

H0:μvictims - μ bully victims = 0

H1:μvictims - μ bully victims ≠ 0

You conduct an independent-measures t test. Given your null and alternative hypotheses, this is a test.

To use the Distributions tool to find the critical region, you first need to set the degrees of freedom.

Answers

The null hypothesis for the question is that there is no difference between the scores of the bully victims and the depression victims. The alternate hypothesis tells us that there is a difference.

What is a hypothesis?

This is an idea that is proposed for the sake of argument. This is put through statistical tests to see if they are true.

Null hypothesis

H0: μ1 - μ2 = 0

Alternate hypothesis

H1: μ1 - μ2 ≠ 0

The test to be conducted is a two sample t test with equal variances.

The degree of freedom

n1 = 23

n2 = 28

df = n1 + n2 - 2

= 23 + 28 - 2

= 49

The degree of freedom is 49.

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The _____ is a management policy decision about whether a firm wants to pay above, at, or below the going rate for labor in the industry or the geographic area.

Answers

The  wage level decision is a management policy decision about whether a firm wants to pay above, at, or below the going rate for labor in the industry or the geographic area.

What is labor market equilibrium?

The labor market is in equilibrium when supply equals demand. This means that workers are employed at a certain wage rate.

In equilibrium, all persons who are looking for work at the going wage can find a job. Here, firms decide whether or not to pay wage above certain rate.

Hence, the  wage level decision is a management policy decision about whether a firm wants to pay above, at, or below the going rate for labor in the industry or the geographic area.

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Explain how getting more education can increase your value to an employer.

Answers

Answer:

If you have a good education and a high degree, it can prove you know a lot of stuff and can give you more credibility. It can also help employees learn something that relates with their field of study or learn more about a completely new area of study.

Explanation:

Critique the following statement: “Safety is not important in offices or retail workplaces.”

Answers

Answer:

Safety is important in every workplace. Even in low risk work places, there are certain occupational hazards, like musculoskeletal disorders, including carpal tunnel syndrome and repetitive stress injuries.

Explanation:

The answer the site said after I took it

Answer:

Safety is important in every workplace. Even in low risk work places, there are certain occupational hazards, like musculoskeletal disorders, including carpal tunnel syndrome and repetitive stress injuries.

Explanation:

Sample answer; edge 2021

Calculate the percent increase of mobile device sales from 1998 to 2007. Each mobile device sold in 2007 contained an average of 0.03 gram of gold. Calculate the number of grams of gold that were used in the production of the mobile devices sold in 2007. Assume that the average mass of each mobile device was 0.1 kilogram. The United States Environmental Protection Agency estimates that about 10 percent of the mobile devices sold in 2007 were recycled. Calculate the mass (in kilograms) of the mobile devices sold in 2007 that were not recycled. Discarded mobile devices become part of the electronic waste stream (e-waste). Mercury is often present in e-waste. Identify one negative human health effect, other than death, associated with exposure to mercury. Improper disposal of e-waste has harmed human health and caused environmental damage in developing cou

Answers

Based on the number of phones sold in 1998 and 2007, the percent increase is 500%.

The number of grams of gold used in producing the mobile devices sold in 2007 was5,400 kilograms of gold.

The mass of sold phones that were not recycled is 16,200,000 kg.

What was the percentage increase in phones sold?

= (180 million - 30 million)  / 30 million x 100%

= 500%

What was the mass of gold in phones sold in 2007?

= 0.03 x 180 million

= 5,400,000 grams or

= 5,400 kg of gold

What was the mass of mobile devices that weren't recycled?

= 0.1 kg x 180 million x (1 - 10%)

= 16,200,000 kg

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In the production of textiles, women would gather and clean the fibers. once these were complete, the next step would be to ___________________. a. weave the fibers into textiles using a loom. b. comb and sort the fibers. c. dye the fibers using ochers. d. spin the fibers into thread. please select the best answer from the choices provided a b c d

Answers

Textiles include cloth and are produced with the help of yarn and threads. The step after gathering and cleaning is combing and sorting the fibers.

How is a textile produced?

In the production of textile, the fiber and the wool is collected and cleaned from the sources like various plants or from animal coat. The harvested fibers are then combed and sorted thoroughly.

After the combing part, the harvest is made into threads by the process of spinning and carding and is weaved into cloths. At last, the clothes are sewed.

Therefore, after cleaning the next step is option b. combing and sorting.

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Answer:

B. comb and sort the fibers.

Explanation:

DS Unlimited has the following transactions during August. August 6 Purchases 82 handheld game devices on account from GameGirl, Inc. , for $260 each, terms 3/10, n/60. August 7 Pays $460 to Sure Shipping for freight charges associated with the August 6 purchase. August 10 Returns to GameGirl seven game devices that were defective. August 14 Pays the full amount due to GameGirl. August 23 Sells 62 game devices purchased on August 6 for $280 each to customers on account. The total cost of the 62 game devices sold is $16,017. 0. Required: Record the transactions of DS Unlimited, assuming the company uses a perpetual inventory system. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Round your answers to 2 decimal places. )

Answers

The recording of the transactions during August for DS Unlimited is as follows:

Journal Entries:

August 6 Debit Inventory $21,320

Credit Accounts Payable (GameGirl, Inc.) $21,320

To record the purchase of 82 handheld game devices on account for $260 each, terms 3/10, n/60.

August 7 Debit Freight-in Expenses $460

Credit Cash $460

To record the payment for freight on purchased goods of August 6.

August 10 Debit Accounts Payable (GameGirl, Inc.) $1,820

Credit Inventory $1,820

To record the return of goods (7 devices).

August 14 Debit Accounts Payable (GameGirl, Inc.) $19,500

Credit Cash $18,915

Credit Cash Discounts $585

To record the full payment, including discounts.

August 23 Debit Accounts Receivable $17,360

Credit Sales Revenue $17,360

To record the sale of goods on account.

Debit Cost of goods sold $16,017

Credit Inventory $16,017

To record the cost of goods sold.

Transaction Analysis:

August 6 Inventory $21,320 Accounts Payable (GameGirl, Inc.) $21,320

purchase of 82 handheld game devices on account for $260 each, terms 3/10, n/60.

August 7 Freight-in Expenses $460 Cash $460

August 10 Accounts Payable (GameGirl, Inc.) $1,820 Inventory $1,820

August 14 Accounts Payable (GameGirl, Inc.) $19,500 Cash $18,915 Cash Discounts $585

August 23 Accounts Receivable $17,360 Sales Revenue $17,360

Cost of goods sold $16,017 Inventory $16,017

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1. If a business has assets of $ 5,600 and liabilities of $900, the owner's equity is *
$ 6,500
$ 900
$ 4,700
O $ 5,600

Answers

Answer:

The owner's equity is $900

Explanation:

Because an asset takes money from your pocket and liability puts money in your pocket.

Which example is the best demonstration of initiative?
A. You don’t complain about the heavy workload you’ve been assigned.
b. You offer to take on some extra work when a coworker is out sick.
c. You agree to stay late to finish your work because you took a long lunch.
d. You always think carefully about a bad situation before proposing a solution.

Answers

Answer:

B

Explanation:

initiative isn't something we need to do but rather want to for someone or yourself, maybe to help.

Answer:

bbbbbbbbbbb

Explanation:

When developing macroeconomic models, economists change their focus from the relationship between consumption and disposable income to the relationship between consumption and ______.

Answers

When developing macroeconomic models, economists change their focus from the relationship between consumption and disposable income to the relationship between consumption and real GDP.

What is real GDP?

This term is refered to as the gross domestic product of an economy. GDP is the value of the total goods and services that was produced in an economy at a particular time.

Real GDP makes use of prices that have been calculated for inflation to measure the value of goods.

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Question 8 of 20
What is the difference between a salary and a wage?
A. A salary is a flat rate for an entire month or year while a wage is an
hourly rate of pay.
B. A salary is pay offered only to managers while a wage is offered
only to team members.
O C. A salary is pay offered only to team members while a wage is
offered only to managers.
D. A wage is a flat rate for an entire month or year while a salary is an
hourly rate or pay
SUBMIT

Answers

The difference between a salary and a wage is that A. A salary is a flat rate for an entire month or year while a wage is an hourly rate of pay.

What is the difference between a salary and wages?

Salaries are flat amounts that a person gets after a period which is usually a month or semi-monthly.

Wages on the other hand are the rate at which a person is paid for every hour of work they put in.

In conclusion, option A is correct.

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Since tsc sells products to support a rural lifestyle, it typically carries several brands within just a few product categories. This would categorize them as what type of store?.

Answers

The type of store which TSC is which sells products to support a rural lifestyle, and typically carries several brands within just a few product categories is known as a specialty store.

What is a Specialty Store?

This refers to retail outlets which has a focus on particular product categories and can have different brands.

With this in mind, we can note that because TSC sells products which has different brands and supports a rural lifestyle with few product categories, then they are known as a specialty store.

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A nerve cell sends and receives signals from the brain. A macrophage cell ingests and removes harmful microorganisms or foreign substances in the body. Which statement identifies how the structures of the cells are related to their functions? A.The macrophage contains a larger nucleus than the nerve cell because it performs more functions than the nerve cell. B.The nerve cell contains less mitochondria than the macrophage because it requires more energy than the macrophage to function. C.The macrophage contains more lysosomes than the nerve cell because it needs to digest more unwanted materials than the nerve cell. D.The nerve cell contains a larger Golgi apparatus than the macrophage because it needs to transport more materials than the macrophage. What is the equation of the line that passes through the point (-5,7) and has aslope of -2/5 compare and contrast between house taken over and fall of the house of usher ONLY URSONET CAN ANSWERDoes N include 0? Jackson drove 445 miles on the first day of a two day trip. If the total distance of the trip is 955miles, how far will Jackson need to drive to reach his destination on the second day? Which quotation mark rule is true?A) Do not use quotation marks before and after indirect quotations.B) When a direct quotation is divided into two parts, the second part begins with a small letter.C) When a direct quotation consists of more than one sentence, use quotation marks only at the end of the whole quotation Given m||n, find the value of x.Plz help :) will there be a mega tsunami like in the movie tidal wave from 2009? An object on the surface of the earth weighs 90 lb. At two earth radii above the surface, It will welgh:270 lb.10 lb.90 lb.30 lb. What is the difference between natural twinning and artificial twinning. Can someone help me please :( ASAP. Also Im sorry if its small What is the significance of the date March 19, 1687?a. This is the date La Salle was murdered.b. This was the date the Karankawas attacked Fort St. Louis.c. This was the date Alonso de Leon discovered the ruins of Fort St. Louis.d. This was the date La Belle sank to the bottom of the sea. What formula is used to determine the density of an object? Cosider the sequence 2;5;8 1. 1 prove that none of the terms of the sequence are perfect squares Surface of a triangular prism 198.25 rounded to the nearest tenth Which word best completes this sentence?Karida isthe water.when she is swimming because she lovesA. joylessB. displeasedC. unhappyD. happiest What crime was Eugene Debs accused of committing in 1918? He distributed leaflets urging a speedy end to World War I. He gave a speech praising men who refused to serve in the military. He refused to register for the draft when he turned 18. He sent arms and money to Americas enemies in World War I. what are the important business documents often used Why did the colonists react to the Declaratory Act the way they did?