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1 year ago

when revenue is greater than total expenses, resulting in a net income, the income summary account has a

1 answer:

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The Income Summary account has a credit balance when revenue exceeds total expenses, producing a net profit, as indicated by the T account.

<h3>The outcome is net when revenue exceeds expenses.</h3>

A corporation will record a net profit if its revenue exceeds its costs. It will record a net loss if its expenses outweigh its income.

<h3>What happens if total revenue exceeds total expenses?</h3>

The business makes a net profit when revenues are higher than costs.

<h3>If the revenue for an accounting cycle is more than the expenses, what is the final entry for the income summary account?</h3>

The closing entry involves debiting income summary and crediting retained earnings if a company's sales exceed its expenses. If the period results in a loss, the income summary account must be credited and retained earnings must be debited.

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Craig and Kris were walking directly toward each other in a congested store aisle. Craig moved to his left to avoid Kris, and at

Andreas93 [3]

Answer:

does not achieve a mutually beneficial equilibrium because there is a lack of coordination of the actions of people and businesses

Explanation:

From the question, we are informed about Craig and Kris who were walking directly toward each other in a congested store aisle. Craig moved to his left to avoid Kris, and at the same time Kris moved to his right to avoid Craig. They bumped into each other. This example illustrates the concept of coordination failure and in this case, This idea relates to macroeconomic instability because the economy does not achieve a mutually beneficial equilibrium because there is a lack of coordination of the actions of people and businesses. Coordination failure can be regarded as failure that takes place as a result of group of firms want to achieve a more desirable equilibrium, but resulted to failure as a result of their decision making not been coordinated

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2 years ago

The accounts payable account is a/an_______ ___, and it has a normal.

Viktor [21]

The accounts payable account is a/an option C: <u>liability; credit, </u>and it has a normal.

<h3>What do you mean by Account payable?</h3>

A account payable is refers to as the monet owned by a company to its supplies and its represent in the firm's balance sheet.

The main role of account payable os to provide financial, administrative and clerical support to the firm. Their main role include complete the whole payment and control expenses.

Moreover, it is considered as the liability for each business because the company have to pay back its all due on particular period of time and it is credit in nature.

Hence, rest all options like A, B and D are incorrect because it does not considered under the account payable account.

Therefore, correct option is C.

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1 year ago

"_____ believe(s) that the new global division of three main trading blocks benefits the multinational giants as well as the cit

larisa [96]

The answer is <span>Conflict theorist
</span><span>Conflict theorist Claims that every members in society will have to experiences continous conflict toward one another because of the competition to obtain limited amount of resources.
They tend to see that the majority of members in society will always be dominated/controlled by smaller amount of people that control the largest amount of resources.</span>

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2 years ago

One of your employees mentions to you that there is an active grapevine in your organization. Which of the following assumptions

astraxan [27]

Answer:

c. develop a relationship with the person at the center of the grapevine so you can quickly spread and receive information throughout the organization

d. paying attention to what is said on the grapevine will give you a good serve of what employees are really thinking and feeling about the company.

Explanation:

Grape wine is a rumor and informal channel of communication that spread throughout the organization in all directions irrespective of the authorities and develops due to various reasons.

In order to manage this grape wine within the organization, the leaders may need o to defend the boundaries of grapevines and avoid the spread of rumors.

7 0

2 years ago

Tasteequik Food markets one line of food products to consumers looking for meals that are very simple and quick to prepare. Tast

Stolb23 [73]

Answer:

Letter A is correct. <u>Benefit segmentation.</u>

Explanation:

Benefit segmentation is a marketing strategy that consists of dividing your audience according to the benefits or advantages perceived by the consumer when purchasing a product or service. Segmentation can occur according to various variables such as performance, customer service, special features, quality, and more.

There are several benefits added to this benefit segmentation strategy, especially the conversion of interest in the product or service into new customers, as well as customer retention and satisfaction.

To be successful and achieve the benefits described, segmentation must be designed and targeted to create marketing and advertising that engages the customer and assists in building brand value.

4 0

2 years ago