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notsponge [240]
3 years ago
13

There are two closing entries. The first one is to close _____; the second one is to close _____. a.the drawing account, revenue

s b.revenues and expenses, the drawing account c.revenues, expenses and the drawing account d.revenues, expenses
Business
1 answer:
rusak2 [61]3 years ago
8 0

Answer:

b.revenues and expenses, the drawing account

Explanation:

Closing entries are placed in order to close all the temporary accounts. In First closing entry we close all the income and expenses accounts and in second entry we close the drawing account. Drawing account show the amount of cash or resources of the business which is personally used by the owner in the period only. It needs to be closed at the year end like income and expenses accounts.

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Answer:

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Production supervisor salary

Explanation:

Production supervisor salary serves as the overhead cost that is attribute to the production in the manufacturing company, it is direct cost for each department since every department has a supervisor

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If your investment pays the same amount at the end of each year forever, the cash flow stream is called?
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"A 5 year 3 1/2% Treasury Note is quoted at 98-4 - 98-9. The note pays interest on Jan 1st and Jul 1st. A customer buys 5M of th
UkoKoshka [18]

Answer:

$4,914.06

Explanation:

Calculation for how much will the customer pay by disregarding commissions and accrued interest

The 5M which the customers used to buy the notes means that the customer is buying $5,000 par value of the notes.

Take note that the capital letter M in Latin means for $1,000.

Therefore the customer will have to buy at the ask price of 98 and (9/32nds =0.28125) which means that 98%+0.28125 will gives us 98.28127.

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Therefore the amount that the customer pay by disregarding commissions and accrued interest will be $4,914.06

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