Answer:
The answer is : to Update the balance of Retained Earnings and prepare revenue, expense, and dividend accounts for next period's transactions
Explanation:
The closing entries is to set the accounts' balance of temporary account to zero by transferring these balance to other permanent accounts at the end of the accounting cycles.
Temporary accounts includes accounts of revenues and expenses and dividend payment. Permanent account is Retained Earnings.
As Revenues and expenses are recorded for an accounting period, their balances should be all transferred to Retained Earnings account, together with the dividend payment during the period, to determined the ending balance of Retained Earning account at the end of the accounting period.
Once the closing entries has been recorded, the balance of all revenues and expenses, dividend payments accounts will be set back to zero at the start of next account period for recording revenue and expenses taken place in that period only. While Retained Earning Balance will show how much accumulated Earnings a firm retained since the start of its business.
The research method allows for in-depth feedback and first-hand interaction, but only measures how easy it is to use a product, is the usability study.
<h3 /><h3>What is the Usability Study?</h3>
Corresponds to a research practice used by companies to test the use of a product before its official launch, making it available to a small number of users to test its features, benefits and improvement needs.
Therefore, the usability study helps a company to achieve its real goals, improving some features and improving it until its market launch.
Find out more about usability study here:
brainly.com/question/26180564
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Answer:
b. allocating your investment funds to several types of investments
Explanation:
Diversification means allocating your investment funds to several types of investments. To diversify means to shift away from the ordinary and normal investment to look into a new profitable one.
Answer:
Target unit sales= 6,000 units
Explanation:
Contributing margin is defined as the sales price less the variable cost per unit.
The breakeven is also defined as the point where cost incurred is equal to the revenue gained.
The formula is given by
Breakeven= Fixed cost/Contributing margin
4,000= 36,000/ contributing margin
Contributing margin= 36,000/4000
Contributing margin= $9
Also
Target unit sales = (profit target+ fixed cost)/ contributing margin
Target unit sales= (18,000+ 36,000)/9
Target unit sales= 6,000 units
