The process of formally recording and recognizing a financial transaction in the accounting records is known as:a) Reportingb) Analyzingc) Postingd) Auditing

What will the annual profit be if the company services 600 customers annually on these financial accounting question?

What is the estimated ending inventory on April 30 for this financial accounting question?

The Tin company uses the straight-line method to depreciate its equipment. On May 1, 2018, the company purchased some equipment for $200,000. The equipment is estimated to have a useful life of ten years and a salvage value of $20,000. How much depreciation expense should Tin record for the equipment in the adjusting entry on December 31, 2018?

When a company sells goods on credit, which accounts are affected?a) Accounts Receivable increases, Sales Revenue increasesb) Accounts Payable increases, Sales Revenue increasesc) Accounts Receivable increases, Cost of Goods Sold increasesd) Accounts Payable increases,  Cost of Goods Sold increases

A company has a total cost of $50.00 per unit at a volume of 100,000 units. The variable cost per unit is $20.00. What would the price be if the company expected a volume of 120,000 units and used a markup of50%?

What is the profit margin ratio of this financial accounting question? Please correct answer

A company’s ability to pay its short-term obligations is assessed using which financial ratio?a) Debt-to-Equity Ratiob) Current Ratioc) Return on Equity (ROE)d) Gross Profit Margin

Beginning inventory was $4,000, purchases totaled $31,000, and sales were $20,000. What is the ending inventory?