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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

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Nathaniel is a manager at Mauve Inc He trains his team members to communicate effectively with customers in order to generate sa
laila [671]

Answer:

The correct answer is A) The middle-of-the-road style .

Explanation:

This leadership is characterized by the balanced behavior of managers where a balance is maintained between the operational and organizational function along with the motivation of the entire work group. In this type of leadership, the manager is very clear about his role in terms of work to achieve adequate behavior, but at the same time he considers that the group environment is important to achieve the proposed objectives and for this reason he also cares about the state of encouragement of employees.

3 0
3 years ago
Compute the Work-in-Process transferred to the finished goods warehouse on April 30 using the following information:
malfutka [58]

Answer:

$1,100

Explanation:

Computation for the Work-in-Process transferred to the finished goods warehouse on April 30

Work-In-Process Inventory, April 1 300

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Direct labor costs incurred 400

Manufacturing overhead costs 350

Less Work-In-Process Inventory, April 30 ($175)

Work-in-Process transferred to the finished goods warehouse $1,100

Therefore the Work-in-Process transferred to the finished goods warehouse on April 30 will be $1,100

4 0
3 years ago
What has a company accomplished when it creates a financial statement that projects income and expenditures over a specified fut
Fofino [41]

Answer:

Budgets

Explanation:

Budgets are prepared for a future date and it creates a basic estimate and projection of future income and expenditures.

The income statement is prepared which presents the income and expenditure for a period which has lapsed.

Basically for a period that is past now. When future projections are created based on analysis and expectations then it is called budget.

Budgets reflects the expected performance of the company in the near future, based on the estimate about what the company members can perform.

6 0
3 years ago
If a firm needs to finance a new corporate headquarters building, then it would most likely seek the funds in the:________
Gennadij [26K]

If a firm needs to finance a new corporate headquarters building, then it would most likely seek the funds in the <u>capital market</u>.

A capital market is a place where buyers and sellers bask in the trade of economic securities like bonds, shares, and many others. The trading is undertaken by using participants which includes people and establishments. Capital marketplace trades broadly speaking in lengthy-term securities.

The capital market is wherein individuals and companies borrow price ranges using shares, bonds, debentures, debt units, and so on. The maximum common instance is a stock alternate which includes NASDAQ, trading shares from one-of-a-kind businesses among buyers.

Capital markets are crucial due to the fact they finance the economic system, allocate danger, and support economic boom and monetary balance. within the U.S., capital markets fund seventy two% of all monetary activities, in terms of equity and debt financing of non-economic organizations.

Learn more about trade here brainly.com/question/17727564

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5 0
2 years ago
The skills, abilities and other characteristics needed to perform a job are detailed in a select one:
anzhelika [568]
The skills and abilities is called A. Job description
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