Which of the following is true concerning the trial balance?
a. If the trial balance equals then there are no errors in the recording of journal entries.
b. A trial balance should be prepared before posting.
c. The trial balance only lists the names of the accounts, not the balances.
d. The trial balance proves only that the total ledger debit balances equal the total ledger credit balances.
Question 2
Identifying variable-, fixed-, and mixed-cost functions.
The Pacific Corporation operates car rental agencies at more than 20 airports. Customers can choose from one of three contracts for car rentals of one day or less:
- Contract 1: 50 for the day
- Contract 2: 30 for the day plus 0.20 per mile traveled
- Contract 3: 1 per mile traveled
Required:
1. Plot separate graphs for each of the three contracts, with costs on the vertical axis and miles traveled on the horizontal axis.
2. Express each contract as a linear cost function of the form y = a + bX.
3. Identify each contract as a variable-, fixed-, or mixed-cost function.
An example of sodium balance achieved by the coordinated actions of three hormones.
Do you know how kangaroos balance their body
Daily Water Balance in the Body
Acid–Base Balance
Fluid–solute balance in freshwater and marine bony fishes
Comparing Fluid Balance