The Metonic Cycle Is

question 67

Multiple Choice

The Metonic cycle is

• A)used to keep lunar calendars approximately synchronized with solar calendars.
• B)used to predict the future orientation of the Earth's axis in space.
• C)the ancient Greek name for the cycle of lunar phases that repeats every 29 1/2 days.
• D)the 18-year,11-day period over which the pattern of eclipses repeats.

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Definitions:

Sales Tax

A tax levied on sales of goods and services, typically calculated as a percentage of the sale price.

Inventory Shrinkage

The loss of inventory that can occur from theft, damage, or administrative errors.

Adjusting Entry

Journal entries made in accounting records at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.

Single-Step Income Statement

A simplified income statement that calculates net income by subtracting expenses from revenues in one step.