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konstantin123 [22]
4 years ago
6

In January, Hometown Ice Cream Shoppe reported the following balances in their income statement accounts. Based on this informat

ion, the closing entry to Retained Earnings will be?
Business
1 answer:
Gekata [30.6K]4 years ago
7 0

Answer:

A) Debit of $1,445

Explanation:

Closing entries refers to the balance statements that are entered at the end of an accounting period in order to transfer the temporary account balances into permanent accounts. Based on the balances listed in the question it can be said that the closing entry to retained earnings will be Debit of $1,445. This refers to money going out of the account and can be calculated by adding all the revenue to the account and subtracting the expenses leaving $ - 1,445 thus being debit.

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poizon [28]

Answer:

The correct answer is Product adaptation.

Explanation:

Product adaptation is the process by which it is modified so that it is well received by different customers or markets. An adaptation strategy is particularly important for companies that export their products, as they ensure that they meet the cultural and legislative demands of the country they are targeting.

Adaptation is also important for companies that want to introduce new products into new markets but do not have enough resources or means to develop completely new items.

6 0
3 years ago
Celene told her coworker, "I'm glad Jin will be working with us on our project. Because he is Asian, he can create the budget be
maria [59]

Answer:

stereotyping

Explanation:

According to my research on studies conducted by various sociologists, I can say that based on the information provided within the question Celene's statement is an example of stereotyping. This term refers to an belief generalizing a particular category of people, usually based on their personality, preferences, or abilities, believing that every individual in that category is the same in regards to those aspects. In this case that generalization is that all Asians are good with math.

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6 0
3 years ago
Who falls into the category of external stakeholders of an organization?
Alex Ar [27]
<span>These are group of individual who may not work in the organization but are very much influenced by the activities of organization. There are the people outside of the company who can have a major impact on it. Examples of stakeholders are government agencies, administrator, customers, suppliers and competitors too.</span>
3 0
3 years ago
What are three ways that young people in your community can volunteer their time?
zalisa [80]
Cleaning up a park, free car wash, volunteer at the soup  kitchen
3 0
4 years ago
Read 2 more answers
sales of $1.67 million, cost of goods sold of $810,800, depreciation expenses of $175,000, and interest expenses of $89,575. Ass
Hunter-Best [27]

Answer:

Net income= 561,506.25

Explanation:

Giving the following information:

sales of $1.67 million, cost of goods sold of $810,800, depreciation expenses of $175,000, and interest expenses of $89,575.

Tax= 35 percent

We need to determine the net income.

Sales= 1,670,000

COGS= (810,800)

Gross profit= 859,200

Depresiation= (175,000)

Interest= (89,575)

EBT= 594,625

Tax= (594,625*0.35)= (208,118.75)

Depreciation= 175,000

Net income= 561,506.25

5 0
3 years ago
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