Answer:
Revenues are closed out to Equity (Retained Earnings) for Corporate.
Explanation:
Actually, for both Sole Proprietor and Corporate, the account that is closed out to Capital or Equity is the difference between the Revenue and the Expenses for the accounting period. This is more specifically referred to as Net Income. This is the bottom-line profit, which is available for distribution to the owners of the entity in the form of capital withdrawals for Sole Proprietorships and dividends for Corporate entities.
Answer: False
Explanation:
Starbucks efforts to expand have yielded fruit as it is now more accessible to its ever increasing customer base which is as a result of the brand's recognition and reputation.
They are now more successful as a result and this is proven by the fact that Starbucks revenue has been rising since 2013 from around $14 billion to $26.5 billion in 2019.
Answer and Explanation:
The computation is shown below:
Amount Uncollectible is
= $128,500 × 6%
= $7,710
Now the bad debt is
= $7,710 - $905
= $7,105
The adjsuting entry would be
Bad Debt A/c Dr $7,105
To Allowance for Doubtful Debts $7,105
(being bad debt expense is recorded)
here bad debt expense is debited as it increased the expenses and credited the allowance as it decreased the assets. Also the expenses and assets contains normal debit balance
Answer:
d. social support.
Explanation:
Social support -
It refers to the practice of holding up the people , in order to encourage and motivate the people abou certain task or work , is referred to as social support .
In a company or business , the employees are supported by the rest of the employees in order to encourage the employees to excel in their work , and work for the betterment of the company .
The method is very helpful for fresh and new employees .
Hence , from the given scenario of the question ,
The correct answer is social support .
Answer:
The answer is A
Explanation:
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