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dmitriy555 [2]
3 years ago
12

Which of these is true about the normal balance of an income summary?

Business
2 answers:
Andreas93 [3]3 years ago
8 0
Hello
the answer is b
hodyreva [135]3 years ago
5 0

The answer is: c) The account doesn't have a normal balance.

Income summary only exist temporarily. It's used by accountant in the closing entries to close all incomes and expenses incurred in the previous year so the income and expense restarted from 0 in the next year. This account does not have a normal balance and would not be included on the balance sheet.

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Refer to the given list of assets. 1. Large-denominated ($100,000 and over) time deposits 2. Noncheckable savings deposits 3. Cu
Irina-Kira [14]

Answer:

A. items 2, 4, 7, and 8

Explanation:

As we know that the near money should also be known as the quasi-liquid money and this comprise of high liquid money not only used for the transactions as they are only part of M2 money so it cant be involved in M1 money

And, the other options are related to currency or the instruments instead having less liquidity levels

Therefore the option a is correct

4 0
3 years ago
Zhang Industries sells a product for $750. Unit sales for May were 400 and each month's sales are expected to grow by 3%. Zhang
Colt1911 [192]

Answer:

Total= $292,520

Explanation:

Giving the following information:

Zhang Industries sells a product for $750. Unit sales for May were 400 and each month's sales are expected to grow by 3%. Zhang pays a sales manager a monthly salary of $4,000 and a commission of 2% of sales in dollars. Assume 30% of Zhang's sales are for cash. The remaining 70% are credit sales; these customers pay in the month following the sale.

Cash budget for June:

Sales= [(400*1.03)*750]*0.3= 92,700

Sales from May= (400*750)*0.7= 210,000

Salary= (4,000)

Commision= [(400*1.03)*750]*0.02= (6,180)

Total= $292,520

6 0
4 years ago
A common feature of skiing is waiting in lift lines.
pychu [463]

Answer:

The price should be increased to achieve a balance between supply and demand.

Explanation:

If visitors have to wait long for lift, this suggests that the demand is not matching the supply. In fact demand seems to be higher than supply which causes long wait for lift. An increase in price will cause the demand to fall and hence the supply will meet the demand and would result in less waiting for lifts.

4 0
4 years ago
Which Sales Channel has been opened to manufacturers because of digital tools?
Aleksandr-060686 [28]

The sales channel that has been opened to manufacturers as a result of digital tools is B2B.

  • Through B2B e-commerce, manufacturers can be able to sell their goods directly to the consumers through online platforms.

  • It should be noted that because we're in a digital era now, consumers can be able to make purchases for products through online sales platforms and the goods will be delivered to the person's address. This is vital for businesses as manufacturers can make more sales and improve their revenue.

In conclusion, the correct option is B.

Read related link on:

brainly.com/question/14513493

3 0
3 years ago
3 potential impacts of switching post secondary programs or school ones
HACTEHA [7]
There are many impact that could happen when doing this, some good some bad. The bad ones being that you could possibly lose credits that you have already earned, and you have to adjust to new atmosphere and new people. The good impact of this sis that you may be able to learn in a new way that could possibly be easier to understand for you.
5 0
3 years ago
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