The steps involved in closing the books are as follows:
Closing the Revenues
Closing the Expenses
Closing the net income
Closing the dividend and withdrawals
The most important output of the accounting cycle is the financial statement like balance sheet and Income statement. If the books were never closed, then the business would never be able to know the financial position for a particular accounting period.
Not knowing the different languages
In the market for personal computers, we would expect the Equilibrium quantity to rise and the change in the equilibrium price to be ambiguous.
<h3>
What is equilibrium quantity?</h3>
- When there is no shortage or surplus of a product on the market, it is said to be in equilibrium quantity.
- When supply and demand meet, the amount of an item that consumers want to buy equals the amount supplied by its producers.
- The equilibrium price is the only price at which consumers' and producers' plans coincide—that is, the amount consumers want to buy of the product, quantity demanded, equals the amount producers want to sell, quantity supplied.
- Assume there is an increase in both supply and demand for personal computers.
- The Equilibrium quantity would then rise in the market for personal computers, while the change in the equilibrium price would be ambiguous.
Therefore, in the market for personal computers, we would expect the equilibrium quantity to rise and the change in the equilibrium price to be ambiguous.
Know more about equilibrium quantity here:
brainly.com/question/22569960
#SPJ4
The correct question is given below:
Suppose there is an increase in both the supply and demand for personal computers. In the market for personal computers, we would expect the Equilibrium quantity to ______ and the change in the equilibrium price to be __________
Answer:
BMI = 31.18 kg/m²
According to BMI, this patient is diagnosed as Obese.
Explanation:
BMI known as body mass index is taken from a person height and weight. BMI is a person's weight in kilograms divided by the square of height in meters. BMI is usually expressed in kg/m².
Mathematically ,
BMI = weight(kg)/height(m²)
we have to convert the weight and the height to the required units.
converting pounds to kg
2.2 pounds = 1 kilogram
210 pounds = ?
cross multiply
210/2.2 = 95.50 kilograms
converting foot to inches and to meter.
1 foot = 12 inches
5 foot = ?
12 × 5 = 60 inches
60 inches + 9 inches = 69 inches
1 inches = 0.0254 meters
69 inches = ?
69 × 0.0254 = 1.7526 meters
using the formula
BMI = weight(kg)/height(m²)
BMI = 95.50/(1.75)²
BMI = 95.50/3.0625 kg/m²
BMI = 31.1836734694 kg/m²
BMI = 31.18 kg/m²
Answer:
(A) $144,000.
Explanation:
For computing the indirect costs allocated to the Commercial Department first we have to compute the per unit cost which is shown below:
Per unit cost = (Allocated department overhead indirect cost) ÷ (total number of direct labor hours)
= $396,000 ÷ 22,000
= $18
The total number of direct labor hours = Consumer + commercial
= 14,000 + 8,000
= 22,000
Now the indirect cost equal to
= Per unit cost × Commercial direct labor hours
= $18 × 8,000
= $144,000
