1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Flura [38]
3 years ago
6

The journal entry to close income summary when there is a net income is (a) debit sales; credit income summary. (b) debit owner'

s capital; credit income summary. (a) debit owner's capital; credit sales. (d) debit income summary; credit owner's capital.
Business
1 answer:
Alecsey [184]3 years ago
4 0
I think it is A or B.
You might be interested in
What are purchased items or extracted materials that will be transformed into components or products called?
Amanda [17]

<u>Answer:</u>

<em>Purchased items or extracted materials that will be transformed into components or products are called (</em><u><em>A) Raw materials inventory </em></u>

<u>Explanation:</u>

Raw materials inventory is the complete expense of all segment parts at present in stock, which is not in use, therefore, a continuous process or completed stock creation. There are two subcategories of crude materials, which are direct materials. These are materials fused into the last item.

Raw materials may at times be announced out of date, perhaps because they are never again utilized in organization items, or because they have debased while away, thus can never still be used

8 0
3 years ago
You have just turned 30 years​ old, have just received your​ MBA, and have accepted your first job. Now you must decide how much
Nata [24]

Answer:

Annual deposit= $21,568.87

Explanation:

Giving the following information:

You have just turned 30 years​ old. Every dollar in the plan earns 9 % per year. You cannot make withdrawals until you retire on your 60th birthday.

You will need $ 98,000 per year starting at the end of the first year of retirement and ending on your one-hundredth birthday.

First, we need to calculate the total amount needed at age 60.

Final value= 30years*98,000= $2,940,000

To calculate the annual deposit we need the following formula:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

Isolating A:

A= (FV*i)/{[(1+i)^n]-1}

A= (2,940,000*0.09)/[(1.09^30)-1]= $21,568.87

4 0
3 years ago
Elvis values the first gravy sandwich at $5, the second at $4.50, and the third at $4. If he buys three sandwiches for $4 each,
12345 [234]

Answer:

Consumer Surplus = $1.50

Explanation:

Consumer surplus is the difference between what a consumer is willing to pay for a given amount of goods or services and what he ends up paying.

Therefore,

Consumer surplus = Amount consumer is willing to pay less amount paid

Given that

Elvis is willing to pay 5 + 4 + 4.50 = 13.50 for three

Price of 3 sandwich = 3 × 4 = 12

Consumer surplus = 13.50 - 12

= $1.50

6 0
3 years ago
​the key to being a good follower is to think for oneself and to work well without close supervision. this is referred to as ___
swat32
The answer is, "this is referred to as self-management".


There are four essential Qualities of Effective Followers, which includes;
Self-management
Commitment
Competence and focus
Courage
Self management is considered as the key to being a good follower. <span>Effective group members can see themselves as they are as capable as their leaders.</span>
4 0
3 years ago
Marti received 11 NQOs (each option gives Marti the right to purchase 14 shares of stock for $10 per share) at the time Marti st
ch4aika [34]

Answer:

$924

Explanation:

Bargain element per share = Market price at exercise - Exercise price

Bargain element per share = $16 per share - $10 per share

Bargain element per share = $6 per share

Amount of bargain element = Bargain element per share * (Number of options * Number of shares per option)

Amount of bargain element = $6 per share * (11 options * 14 shares per option)

Amount of bargain element = $6 per share * 154 shares

Amount of bargain element = $924

So therefore, the amount of Marti's bargain element is $924

6 0
3 years ago
Other questions:
  • If in some year real gdp was $5 trillion and the gdp deflator was 200, what was nominal gdp?
    6·1 answer
  • Michael's, Inc. just paid $2.75 to its shareholders as the annual dividend. Simultaneously, the company announced that future di
    15·1 answer
  • True or false: keynesian economists argue that the government can fight inflation by implementing expansionary fiscal policy.
    12·1 answer
  • Once a person has been trained to operate a lift truck, they are authorized to use any type of lifting device
    7·1 answer
  • What is a credit score intended to measure?
    7·1 answer
  • Beginning on January 1, 2020, 5 equal deposits are to be made in a fund. Required: Using the appropriate tables, determine the e
    5·1 answer
  • Mary martin earns a gross salary of $2,000 per month. state unemployment insurance of $90 is withheld from each of her monthly c
    15·1 answer
  • The _____ indicates whether a firm earned a profit or suffered a loss over the past accounting period. Answer
    10·1 answer
  • Which of the following statements is NOT CORRECT? a. An important step in applying the corporate valuation model is forecasting
    8·1 answer
  • Which of the following is one way that technology can improve productivity?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!