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mash [69]
3 years ago
11

The balance in the j.​ higgins, withdrawals account was. the entry to close the account would include​ a:

Business
1 answer:
PilotLPTM [1.2K]3 years ago
5 0

The correct answer to this question would be a credit entry.

A withdrawal account has a debit balance throughout the accounting period when the owner makes a withdrawal. At the end of the accounting cycle there needs to be a closing entry made that would zero out the withdrawal account. This entry will be a credit to the withdrawal account and a debit to the capital account. The amount will be the balance in the withdrawal account in order to bring the balance to zero.

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Suppose real GDP for a country is $1,200 billion. The GDP price index is 114.6. There are 25 million workers who work 36 hours p
8_murik_8 [283]

Answer:

1,333.33

Explanation:

Labor productivity is measures the hourly output of a country's economy. Specifically, it charts the amount of real gross domestic product (GDP) produced by an hour of labor.

total labor hours = 25milion x 36 hours per week

                            = 900 million

labor productivity = GDP ÷ total labor hours

labor productivity = $1,200 billion ÷ 900 million

                                $1,333.33 per hour

4 0
3 years ago
Suppose you are committed to owning a $215,000 ferrari. if you believe your mutual fund can achieve an annual return of 10.8 per
Pie

Answer: I must invest <u>$85424.14</u> today in order to buy a Ferrari nine years from now on the day I turn 30.

We have

Price of the Ferrari nine years from now (Future Value - FV)    $215000

Expected Rate of return on the mutual fund (r)    10.8%

Time until I turn 30  (n)   9 years

We can calculate the Present Value (PV) or the money to be invested today as

\mathbf{PV = \frac{FV}{(1+n)^{n}}}

PV = \frac{215000}{(1+0.108)^{9}}

\mathbf{PV = 85424.14022}

6 0
3 years ago
What is the definition of gambling
Montano1993 [528]
To bet , play games for money , risky . 
3 0
3 years ago
Why is the automobile industry considered an oligopoly?
aleksandr82 [10.1K]

Answer:

It has significant barriers to entry.

It depends on brand loyalty and image to generate sales.

It is dominated by a few key players.

Explanation: Let me know if it is right

6 0
3 years ago
Read 2 more answers
You want to store events, members, and inventories for the New Horizon Candle Company and you need to collect the information in
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The easiest function available in MS Access to begin collecting data quickly is to use a pre-designed Template.

<h3>What is pre-designed Template in MS Access?</h3>

Basically, the Ms Access is a database app that helps to store information for reference, reporting and analysis.

The pre-designed Template makes collection of data faster because the query, tables are already designed for instant use.

Hence, the Option B is correct since the easiest function available in MS Access to begin collecting data quickly is to use a pre-designed Template.

Read more about MS Access

<em>brainly.com/question/24643423</em>

3 0
2 years ago
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