A trial balance has a debit total of $10,000 and a credit total of $9,900 . Which of the following could be the cause of the 'out-of-balance' trial balance?
a. A debit to Cash for $50 was posted as a credit to the Cash account.
b. A credit to Cash for $50 was posted as a debit to the Cash account.
c. The Accounts Receivable account with a balance of $100 was omitted from the trial balance.
d. The Capital account balance was understated by $500.
e. The Office Equipment account is listed on the trial balance with a debit balance of $500 instead of $1,500.
b
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The 2 + 2 = 4 approach
A) generally works only with lengthy, non-routine reports. B) convinces the reader by demonstrating that everything adds up. C) is far more complicated than any other organizational strategy. D) is the only approach that is appropriate for any business report. E) works best if the reader is likely to accept the argument.
Which of the following groups is legally deprived from directly entering into contracts?
A) minors B) persons adjudged insane C) persons with alternating states of sanity and insanity D) intoxicated persons
Scenario 12.3 Use the following to answer the questions. Glenwood Pet Hospital is considering implementing a new pricing strategy for its veterinarian services. After reviewing the previous three years' revenue, Glenwood finds that most of its customers bring their pets in for the required annual vaccinations and then only if the animal is ill. Glenwood's objective is to generate more income per customer on an annual basis. The hospital has previously priced its services by charging a flat fee for the office visit, a fee for each vaccine, and a fee for each type of examination beyond the basic office visit. Most customers pay the flat office fee and a fee for a rabies vaccine. Glenwood is now considering a new plan where the pet owner would pay one fee that would cover an office visit,
the required rabies vaccine, and additional vaccines that prevent heartworm, kennel-cough, and fleas. Glenwood hopes to encourage the pet owners to view their pet's health as part of a prevention program, rather than a one-time annual visit. Refer to Scenario 12.3. Glenwood is considering a markup pricing basis, with the cost for office visit plus vaccines at $45. If Glenwood were to add a markup of 33.3% of the costs, its price would be A. $79. B. $65. C. $55. D. $78. E. $60.
Based on the information above, determine the proportion of time that Company B should employ each strategy
A) B1: 12.5%, B2: 87.5% B) B1: 25%, B2: 75% C) B1: 37.5%, B2: 62.5% D) B1: 50%, B2: 50% E) B1: 62.5%, B2:37.5%