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
MAVERICK [17]
3 years ago
10

Tiptoe Shoes had annual revenues of $190,000, expenses of $106,200, and dividends of $20,000 during the current year. The retain

ed earnings account before closing had a balance of $302,000. The entry to close the Income Summary account at the end of the year, after revenue and expense accounts have been closed, is:?
Business
2 answers:
Rom4ik [11]3 years ago
7 0
I honestly need help with this too
GarryVolchara [31]3 years ago
4 0

Answer:

$ 365,800

Explanation:

Revenues of 190,000

balance before closing is 302,000

190,000

+302,000 =

492,000

Expenses is 106,200

Dividends is 20,000

106,200

+  20,000 =

126,200

then you subtract 126,2000 from 492,000 which will equal to $365,800

You might be interested in
1. The Department of Justice filed a lawsuit against Microsoft claiming it was engaging in unfair practices by​ ____________.
Oksi-84 [34.3K]

Answer:

1. B. monopolizing the market by bundling its operating system with its Internet Explorer browser.

2. A. network externalities.

Explanation:

Lawsuit was filled againts Microsoft claiming that it was engaging in unfair trade practices by (B) monopolizing the market bu bundling its operating system with its internet explorer browser.

They argue that modern software can gain monopoly status and establish a barrier to entry through (A) network externalities.

5 0
3 years ago
Which step in the STP process develops descriptions of the different segments, which helps firms better understand the customer
timurjin [86]

Answer:

d. Evaluate segment attractiveness

Explanation:

The STP process helps to find your customers and decide the best way to target them. The step of the process that develops descriptions of the different segments is evaluate segment attractiveness as in this step the description of the segments along with market information and research results are generated to evaluate each segment.

6 0
3 years ago
Multiple Choice Is an outflow of cash from the use of a plant asset. Is applied to land. Measures the decline in market value of
azamat

Answer:

Is the process of allocating to expense the cost of plant asset.

Explanation:

Depreciation is an expense indicating a decline in the value of the capital assets due to tear and wear, obsolescence, consumption, time span, etc. It's shown on the income statement debit side. It is a non-cash item which has no effect on the cash balance.

Moreover, it is to charged over the specified number of useful life so that proper amount of the depreciation should be recorded in the books of accounts

5 0
3 years ago
A rights offering Question 16 options: a) is the least expensive way to raise capital. b) gives the firm a built-in market for n
zysi [14]

Answer: b. gives the firm a built-in market for new securities.

Explanation:

Rights offering are issued by companies when such companies wants to generate additional capital. This may be necessary when such company wants to meet its financial obligations and therefore need extra capital.

A rights offering gives the firm a built-in market for new securities as the security holder are already aware of the company and just buys additional securities.

7 0
3 years ago
As described in your text, Brown and Finn (1982) found that attitudes regarding alcohol were somewhat different for 12-year-olds
Leno4ka [110]

Answer:

Option "A" is the correct answer to the following statement.

Explanation:

Cross-sectional observational estimates are based on findings with Various data that exist in various groups in the same period. This indicates that there was no other procedure wad made, so no factors are influenced by the analyst.

In this situation, there were various age groups involved in the Experiment at the same time.

8 0
3 years ago
Other questions:
  • You are Steve Jobs. Assess the organizational structure issues happening at Apple? Select one: a. A company that is already big
    14·1 answer
  • hich of the following statements is true? The denominator used in computing earnings per share represents the shares of common s
    9·1 answer
  • What do analysts and briefers use to alert policymakers to the level of confidence they have in their judgments, based on the av
    7·1 answer
  • Which response might be an answer to a fundamental question of economics of who should produce? A. The cost of a car will be abo
    14·1 answer
  • The following data pertain to the Oneida Restaurant Supply Company for the year just ended.
    10·1 answer
  • Considering the following labor markets. A slightly different feature of labor markets is that employees are the suppliers of la
    14·1 answer
  • _________is a repository of current and historical data of potential interest to managers throughout the organization to assist
    5·1 answer
  • 80/20 principle holds that 20 percent of all customers generate 80 percent of the demand. Although the percentages usually are n
    12·1 answer
  • What is the coordinating mechanism in a market system?
    9·1 answer
  • A fire and emergency services organization's records management system may be used to?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!