Locating dependable suppliers is part of the ———

After posting the entries to close all revenue and expense accounts, Marker Company's Income Summary account has a credit balanc

Vladimir79 [104]

Answer:

False

Explanation:

Given that

Credit balance of income summary account = $6,800

Debit balance of Withdrawals account = $2,900

Since the credit balance of income summary denotes the net income for the particular period and the debit balance of the withdrawn amount reflects that it is to be shown in the retained earning statement

The journal entry would be

Income summary A/c Dr $6,800

To Retained earning $6,800

(Being the difference is credited to retained earning)

3 0

3 years ago

What are the factors required to build a self confidence

laila [671]

Answer:eeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeerExplanation:

7 0

3 years ago

Read 2 more answers

The following information was available from the inventory records of Sunland Company for January: Units Unit Cost Total Cost Ba

luda_lava [24]

Answer:

Cost of Ending Inventory $ 47,077.74

Units on Hand 31 Jan = 4,600

Weighted Average Cost= $ 10.24per unit

Explanation:

We divide the total cost with the total number of units to get the weighted average cost per unit.

Sunland Company

Units Unit Cost Total Cost

Balance at January 1 9000 $9.70 $87300

Purchases: January 6 6000 10.35 62100

<u>January 26 8300 10.73 89059 </u>

<u>Total Units</u> 23,300 238,459

Sales January 7 (7400 )

January 31 (11300 )

Units on Hand 31 Jan = 4,600

Weighted Average Cost= Total Cost/ Total Units = 238,459/ 23,300 =

$ 10.235≅ $ 10.24

Cost of Ending Inventory = 4,600*$ 10.24= $ 47,077.74

8 0

3 years ago

Initiatives to develop human capital should be directed __________ to maintain a competitive advantage in the current knowledge

ANTONII [103]

Answer:

throughout the firm at all levels

Explanation:

In the current knowledg economy, companies require employees with specialized skills that are able to analyze information and find solutions to keep growing and to achieve this, they need to help their personnel in all the levels to learn and train to have the required knowledge and help the company. According to that, the answer is that initiatives to develop human capital should be directed throughout the firm at all levels to maintain a competitive advantage in the current knowledge economy.

3 0

4 years ago

Suppose the banking system currently has $400 billion in reserves, the reserve requirement is 8 percent, and excess reserves amo

Rudik [331]

Answer:

Total Deposits = $4937.5 billion

Explanation:

given data

currently in reserves = $400 billion

reserve requirement = 8 percent

reserves amount = $5 billion

solution

first we get here Minimum Required Reserves that is express as

Minimum Required Reserves = Current Reserves - Excess Reserves .........................1

put here value we get

Minimum Required Reserves = $400 billion - $5 billion

Minimum Required Reserves = $395 billion

and

Total Deposits is express as

Total Deposits = $\frac{minimum\ required\ reserve}{reserve\ required}$ ......................2

Total Deposits = $\frac{395}{0.08}$

Total Deposits = $4937.5 billion

8 0

4 years ago

Locating dependable suppliers is part of the ————process?