The value proposition for the AARP brand is seen in what kinds of benefits for the members?

The December 31, 2021, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. Accounts Debit Credit Cash

zheka24 [161]

Answer:

Usually, we use the "Income Summary" account to close the Income Statement accounts such as revenues and expenses.

First, close the revenue account by debiting it:

(DR) Service Revenue $450,000

(CR) Income Summary $450,000

Then, close the expenses accounts by crediting them:

(DR) Income Summary $407,000

(CR) Salaries Expense $350,000

(CR) Rent Expense $17,500

(CR) Depreciation Expense $35,000

(CR) Interest Expense $4,500

Finally, close the Income Summary account to Retained Earnings.

The balance of the Income Summary is a credit balance of $43,000

(credit of $450,000 less debit of $407,000)

So, to close the account we have to debit it.

(DR) Income Summary $43,000

(CR) Retained Earnings $43,000

4 0

3 years ago

How does income inequality affect American taxpayers

nikdorinn [45]

If the tax system in the US is progressive, then those with lower income will pay proportionally less than those with higher income as the latter will have a higher tax rate but in fact the rich people usually have or find a lot of tax loopholes to reduce their taxes so may still not be paying a fair share of their taxes compared to the poor people who don't have these loopholes.

3 0

3 years ago

A handful of companies on the Fortune 500 list are more than 100 years old, which is rare. What organizational characteristics d

ohaa [14]

Answer:

Following are the organizational characteristics that explain the 100-year longevity of a company:

Explanation:

Selling Necessity Goods

Many of companies provide such goods and services which are essential for our everyday activities. Hence, people tend to buy from these companies as it is their routine to do so.

Laser-Sharp Customer Focus

These companies have always focused on the ever changing needs and demands of the customers and have worked accordingly. Hence their focus on customer service is the key to their success.

Willingness to Chart New Territory

Since customer needs are always evolving, all organizations celebrating centennials have taken significant gambles in order to expand their offerings. Steelcase, for instance, began as a furniture company but has recognized that the way people work has changed.

Ongoing Community Relationships

Long-lasting organizations also make their mark by giving back to the communities in which they’ve thrived. The GSUSA estimates that its members complete more than 75 million hours of community service annually.

These organizations have achieved so much because they have adapted their strategies to a changing world, and because they are always looking for ways to improve people’s lives. It is these traits that position them well no matter what the future holds.

8 0

3 years ago

What are five things you can do to overcome stereotypes?

svlad2 [7]

Explanation:

First of all we need to know what stereotype actually is. So stereotype is basically the over generalized belief of someone about something or someone else based on some assumptions. The simplest example of stereotype can be seen as, 'A woman is always caring'. This is a stereotype about a particular group of human beings. So there are a lot of other stereotypes too which prevails in our societies. Now we have to overcome such stereotypes by doing the following things:

Admit and Say that the stereotypes are wrong
Find famous people to give examples of, who think stereotypes are wrong
Debate about the wrong associated with stereotypes by giving them sufficient evidence and examples
Do what you feel like doing about breaking the stereotypes
Provide data to people with examples about people who are not that stereotype.

6 0

3 years ago

Read 2 more answers

Pharoah Company uses the lower-of-cost-or-net realizable value basis for its inventory. The following data are available at Dece

ANTONII [103]

Answer:

$6,689

Explanation:

As we know that the inventory should be recorded at cost or net realizable value which ever is lower

Particulars Item Units Unit Cost Net Realizable Value LCNRV

Minolta 7 $175 $157 $157

Canon 11 142 176 $142

Vivitar 14 130 111 $111

Kodak 17 120 132 $120

So, the amount of ending inventory is

= 7 units × $157 + 11 units × $142 + 14 units × $111 + 17 units × $120

= $1,099 + $1,562 + $1,988 + $2,040

= $6,689

4 0

3 years ago