Entry to close the income summary account at the end of the year:
At the time of closing the Income Summary account, the Income Summary account is debited and Retained earnings account is credit with the amount of Net Income. Net Income can be calculated as follows:
Net income = Revenue – Expenses = 201,000-111,700 = $89,300
Hence the entry to close the income summary account at the end of the year shall be as follows;
Income Summary Debit $89,300
Retained earnings Credit $89,300
Personal goal: A personal goal I have is to be and active citizen to my community. Help others, pick up trash.
High school Goal: My high school goal is to graduate, so I can get into and Ivy League school.
Financial goal: My goal is to have enough money for my college tuition.
Answer: d. Dynamic pricing strategy
Explanation:
The companies mentioned above are increasingly turning towards Dynamic pricing in order to maximize sales and therefore increase profitability.
Dynamic pricing refers to a strategy where goods are priced at the optimal price based on the conditions at the time. In other words, it involves trying to sell at a price that is cheapest for the customer based on factors such as consumer willingness to pay, competition and others.
Prices can therefore change multiple times in as little a period as a day just to ensure that customers buy the goods being offered.
Answer:
$1,160,300
Explanation:
Total Manufacturing Costs are all costs related to the production of goods to be sold. This consists of direct costs such as labor and material and other indirect costs such as electricity and rentals.
<u>Calculation of total manufacturing costs :</u>
Cost of goods manufactured 1,030,300
Add Closing Work In Process 130,000
Less Beginning Work In Process 0
Total manufacturing costs $1,160,300
People often visits tourist attraction sites. That there has been an increase in ecotourism, which is tourism to exotic, often threatened natural environments refers to <u>ecological </u>factors.
<h3>What influences tourism?</h3>
Ecotourism is known to be a new trend in the tourism industry. A factor analysis was done and five environmental factors were known to have a negative impact on tourists experience. They include;
- Pollution
- Tourism product offering
- Park violation,
- Environmental management
- Tourism impacts.
Learn more about Tourism from
brainly.com/question/5501800
