How would I write ChinaDollStudios as an abbreviation in Chinese?

Closing entries transfer the balances of all temporary accounts (revenues, expenses, and dividends) to the Common Stock account.

qaws [65]

Answer:

False

Explanation:

False because the income, expenses accounts are closed to profit and loss account or income summary.

they are closed by transferring the credit balances in revenue a/c and debit balnace in expenses a/c to clearing account income summary.

The assets and liabilities , common stock, equity account are not closed.

3 0

3 years ago

Confirm your calculations in Requirement 3 above by increasing the unit sales in your worksheet by 20% so that the Data area loo

PtichkaEL [24]

Answer:

a. $700,000

b. 40% increase

Explanation:

As per the data given in the question,

a)

Increase in sales = 20%

So last unit sale

= Unit sales ÷ increased unit sales percentage

= 60,000 ÷ 1.2

= 50,000

Previous year operating income is

= Last unit sales × (Selling price per unit - variable cost per unit) - Fixed expenses

= 50,000 × ($50-$30) - $500,000

= $500,000

Current Net operating income is

= Current units sales × (Selling price per unit - variable cost per unit) - Fixed expenses

= 60,000 × ($50-$30) - $500,000

= $700,000

b)

Percentage increase in net operating income is

= (Current Net operating income - Previous year operating income) ÷ Previous year operating income

= ($700,000 - $500,000) ÷ $500,000

= 40% increase

The net operating income is the income which is come after deducting all the variable cost, fixed cost from the sales revenue i.e earned by the company

4 0

3 years ago

An economist studying the market for wild Alaskan salmon determines the price elasticity of supply to be 0.43. a. In this case,

Marina86 [1]

Answer:

A. Inelastic

B. a less than 10% increase in quantity supplied

Explanation:

A supply is inelastic when a percentage change in quantity supplied is less than percentage change in price.

A supply is inelastic if the price elascitiy is less than 1.

4 0

3 years ago

Read 2 more answers

"Today's settlement price on a Chicago Mercantile Exchange (CME) yen futures contract is $0.8011/¥100. Your margin account curre

g100num [7]

Answer:

Explanation:

The solution to the above problem is shown in the attached picture below. It is because of the arrangement i had ti use pen and book. Thank you

6 0

3 years ago

Which of the following types of cover letters would assist an applicant in landing a job interview?

defon

Answer:

Explanation:

The answer is D, All of above.

A prospecting cover letter goes together with your resume when applying to a company that may not have recent openings. These letters emphasis on how your skills and experiences match the work environment rather than concentrating on a specific position.

An application cover letter is a document sent with your resume to make available additional material about your skills and experience. It is intended to provide complete information on why you are a competent candidate for the job.

A networking cover letter is is sent throughout your job pursuit to get help from a contact in your industry or career field and to introduce yourself to a possible employer.

4 0

2 years ago