Answer:
Debit Income Summary $84,800, Credit High Step Shoes, Capital $84,800
Explanation:
Preparation of what The entry to close the Income Summary account at the end of the year, after revenue and expense accounts have been closed, is:
Debit Income Summary $84,800
Credit High Step Shoes, Capital $84,800
($192,000-$107,200)
(To close the Income Summary account )
Answer:
B) government spending and taxes that automatically increase or decrease along with the business cycle.
Explanation:
The two most common automatic stabilizers are: income taxes and unemployment benefits.
When the economy is strong, people make more money, and income tax revenue automatically increases.
On the contrary, when the economy is weak, or in recession, people earn less, and more of them are unemployed. Unemployment benefits therefore increase accordingly.
<span>Median of a normal distribution is to outlier as lunar perigee is to lunar orbit. Lunar perigee is the side of the moon that is closest too earth. The moon is orbiting elliptically around the earth which means that the closest part of the moon's orbit is the perigee. This is also the the time wherein the moon appears bigger than the normal size. That is why, the distances between the moon and the earth varies according to how the moon is being positioned around the earth while orbiting.</span>
Interest rate is the cost of borrowing money. when you borrow money from a bank, a certain amount of money is placed on it that you pay back in respect to how long it takes you to pay.
Answer:
commodity value, representative value, and also fiat value.
