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4 years ago

The journal entry to close revenue accounts includes

Business

1 answer:

Natasha_Volkova [10]4 years ago

3 0

Answer:

debiting the revenue accounts and crediting Cash.

Explanation:

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The journal entry to record the use of utilities in a factory could include which two of the following: (You may select more tha

Paraphin [41]

Answer:

Debit to Factory Overhead

Credit to Factory Utilities Payable

Explanation:

The journal entry to record the use of utilities in a factory is as follows:

Factory overhead Dr XXXXX

To Factory utilities payable XXXXX

(Being the utilities usage is recorded)

Here the factory overhead is debited as it increased the expenses and credited the factory utilities payable as it also increased the liabilities

So, the above represent the answer

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3 years ago

Madison Co. paid dividends of $3,000; $6,000; and $10,000 during 2012, 2013 and 2014 respectively. The company had 500 shares of

Vinvika [58]

Answer:

$4,000

Explanation:

It is provided that preference shares are cumulative in nature, that means even if dividend is not paid in current year, the dividend get accumulated.

The net dividend payable to preference capital = 500 shares @ $10 each share = $5,000

Therefore, total dividend of preference shareholders for all the three years = $5,000 $\times$ 3 = $15,000

Total dividend paid till date = $3,000 + $6,000 + $10,000 = $19,000

Therefore, dividend to equity in 2014 = $19,000 - $15,000 = $4,000

Because even if dividend to preference in 2012 was $3,000, the remaining $2,000 would be carried forward.

And before any dividend to equity, first dividend shall be paid to preference and also no dues of preference dividend shall remain in balance.

6 0

3 years ago

Organization Culture Profile (OCP) is a framework that provides an insight into different organization types. Which of the

Alecsey [184]

The option that doesn't festive Organization Culture Profile is D. Values.

<h3>What is Organization Culture Profile?</h3>

Organization Culture Profile simply means the outcome oriented culture that emphasize results, achievements, as important values.

OCP comprises of dimensions such as respect, outcome orientation, tram oriented, innovation, etc.

Learn more about culture on:

brainly.com/question/26455907

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2 years ago

Globalization increases the interdependency of the world's countries. Inflation in one country would most likely

Lina20 [59]

The correct answer for the question that is being presented above is this one: "D. relate to inflation in other countries." Globalization increases the interdependency of the world's countries. Inflation in one country would most likely <span>relate to inflation in other countries.</span>
Here are the following choices:
<span>A. not impact inflation in other countries
B. cause deflation in other countries
c. result in stagflation in other countries
D. relate to inflation in other countries</span>

7 0

3 years ago

Maize Water is considering introducing a water filtration device for its 20-ounce water bottles. Market research indicates that

givi [52]

Answer:

$3.88

Explanation:

4 0

3 years ago