B, due to management training
Answer:
e) nonmarketing-controlled
Explanation:
Nonmarketing-controlled information source includes any source out of market (which does not include advertising or promotion) such as friends and family members opinions, consumer reviews, report studies social media forums and other available public sources to make a decision. So the correct optio is e) nonmarketing-controlled
Answer: Option B
Explanation: In simple words, closing entries refers to the journal entries which are made at the end of an accounting period for transferring the temporary account balances into permanent accounts.
These entries are made to close the four accounts for clear depiction of capital at the end of they year, these accounts are income, expenses, income summary and dividend account.
The objective behind making such entries is to clear the temporary accounts balance to zero for the next accounting period.
A more simplistic way of expressing the distinction is to say that payments made under an ordinary annuity <span>occur at the end of the period while payments made under an </span>annuity due<span> occur at the beginning of the period.However, </span>ordinary annuity<span> is the more widely used term</span>
Answer:
Analyze each transaction and indicate the amount of increases and decreases in the accounting equation.
Assets = Liabilities + Stockholder's equity
Explanation:
(a) Provide services to customers on account for $50,000.
Account receivable=equity ( net income (revenue)
50000=50000
(b) Receive cash of $42,000 from customers in (a) above.
Cash=-(account receivable)
(c) Purchase bike equipment by signing a note with the bank for $35,000.
equipment=account payable
(d) Pay utilities of $5,000 for the current month.
-cash=-equity ( expenses)