Answer:
Explanation:
The closing entries for the following accounts are shown below:
1. Fees Earned A/c Dr $548,480
To Income Summary $548,480
(Being revenue account closed)
2. Income summary A/c Dr $489,715
To Supplies Expense $32,410
To Wages Expense $360,100
To Miscellaneous Expense $10,805
To Rent Expense $86,400
(Being expenses accounts are closed)
Answer:
The correct answer is D.
Explanation:
Giving the following information:
Annual contribution margin of $80,000 and $160,000 in annual fixed
costs.
Of the fixed costs, $50,000 cannot be avoided.
<u>To calculate the financial impact on income, we need to use the following formula:</u>
Effect on income= avoidable fixed costs - contribution margin
Effect on income= 50,000 - 80,000
Effect on income= -$30,000
Heat is released when a substance changes from a gas to a liquid, or from a liquid to a solid.
When a liquid changes to a solid, we refer to that as the process of 'freezing'.
Exhaust. <span> Your exhaust system should not have leaks that increase the noise level. Leaks in the exhaust system are dangerous because they expose occupants to carbon monoxide and other toxic gases.</span>
